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- 21 NOV
Real property borrowers have access to alternative lending sources separate from banks and other institutional lenders — the subset of the lending business is designed for non-bankable and bank-decline loan transactions.
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Why would I sell my home, give up my three percent mortgage, and buy a new one with an eight percent mortgage when my payments are five times greater? Low interest rates have trapped most homeowners in their current homes. They could not qualify for an eight percent mortgage.
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Reverse mortgages are growing in popularity for more than one reason. An obvious one is that senior citizens on fixed incomes can supplement that revenue by exchanging home equity for cash monthly.
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There are times in economic history when supply and demand are not the only factors ruling transactions. War, weather and politics can all interrupt the simple formulas on which we rely.
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There are times in economic history when supply and demand are not the only factors ruling transactions. War, weather and politics can all interrupt the simple formulas on which we rely.
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Over the past year and a half, interest rates have been historically low, which is the result of many distinct factors. Now that the economy is improving, interest rates are starting to rise.
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