Mortgage Rates are Lower but Harder to Get
November 13th, 2009According to a recent article written by Holden Lewis for Bankrate.com, mortgage rates are near historic lows, but lenders are continuing to make it harder to get a home loan.
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According to a recent article written by Holden Lewis for Bankrate.com, mortgage rates are near historic lows, but lenders are continuing to make it harder to get a home loan.
The terms short and sale together often tends to raise the eyebrows of skeptic real estate investors. Typically anytime a deal is mainly focused on the speediness of the transaction, especially if it involves cash money, people become more apprehensive about becoming involved.
In the following article,”Mortgage Interest Rate Predictions For the Rest of 2009“, author Michael Petrone feels that mortgage rates will drop in October 2009. He makes a sensible argument, feeling that the banks raised interest rates some time ago by .5% in order to service the influx of refinances resulting from President Obamas “Making Home Affordable” plan, and again will lower their rates once they get caught up. It primarily speaks of home mortgages, but seems likely that it will also apply to commercial mortgages, and if so, would be welcome news for real estate investors and agents who work with rental income properties. Let’s hope so.
by Beth Paolini
by Gino Napolitano
A loan-to-interest table is a very useful finance resource for anyone about to buy real estate or working with real estate buyers because it concisely shows various combination’s of monthly payment based on a range of loan amounts and rates of interest. In just one sitting, you (or your customer) can quickly see hundreds of monthly payment amounts for various loan amounts with differing rates of interest.