In times of economic gloom, it often seems to be the north which suffers most, with recessions seeing many people in grim northern towns kicking their heels as the factories shut. Stereotyped as this image may be, it contained a kernel of truth, for historically speaking bad economic times have hit the north worse than the south. Not any more, however. For one thing, the last time the economy hit the buffers, in the early 1990s, it was the south...more
The property market in Spain has been a vexed area for investors recently. The end of the boom years, the credit crunch and recent demolitions of homes that breached planning regulations are all major hits from which some markets might not recover.Yet those looking to invest in property in Spain may be surprised to find that the country is not out for the count. Some areas may be a bit bruised but, it appears, others still pack a punch. Huelva,...more
The last week has brought back a little ambiguity to the property market among those looking for hard evidence of trends. First there were the figures from property portal Hometrack, which found that this month's house prices were down by 0.2 per cent, the fifth successive monthly reduction. Against that, however, was the evidence in the same survey of rising demand, with the first increase in the number of new buyer registrations since last summer.Further figures from the Land Registry may have clouded matters further. The underlying annual inflation rate figure for England and Wales fell to 6.4 per cent in the year to January 2008 from 6.7 per cent in December. But the monthly figures showed a 0.9 per cent increase, indicating the annual rate was more of a reflection of a higher rate of inflation in January 2007. The January figures may appear healthy enough, with only Wales (down 0.3 per cent) seeing a fall in price. However, the regional figures did not tally with the longer-term picture. The highest increase was two per cent in the north-west, which had seen a below-average 5.8 per cent annual rise, while London and the east midlands - which were at opposite ends of England's...more
For those looking for evidence that the worldwide credit crunch is not quite so worldwide as some might think, the best place to look, it appears, may be across the channel, which, as a major hotspot for Britons looking at buying investment property, is just as well.As Assetz made clear this week, the country has survived the liquidity crisis...more
One of the most notable features of Britain's strong economic performance has been the revitalisation of its regional cities. Not only have their economies improved, but so too have their appearances, with many prestigious new buildings being constructed and vast numbers of new flats and apartments appearing, with plenty of people wanting to enjoy...more
Question: What is usually required for a down payment on a land loan?Answer: When looking for a land loan and trying to determine what you might need for a down payment you can typically expect a range between 20% to 40%. Each land lender has different parameters, but we have listed 3 key factors that usually hold the most significant value to land lenders when determining what you may need for a down payment on a land loan.1. Repayment capabilities2. The appraisal and/or purchase value3. Collateral value from land already owned1. The ability to repay a land loan is always the highest priority for any land loan lender. Detailed analysis is done on applicants wanting a land loan to determine what down payment is required. Personal and or corporate balance sheets, tax returns, and credit history all play an important role in determining if someone is capable of repayment for a land loan and ultimately what is needed as a down payment. If a solid repayment capability can be determined than the amount allowed to be borrowed could be increased causing potentially a lower down payment. If repayment is marginal and causes increased risk, a larger down payment could be expected.2. Whenever...more
Depending on who is your target market, you should really consider adding coupon codes into your system. The majority of the commercial wholesale or discount related stores just provide the regular retail price or a discount already integrated. There...more
For many people, living a debt-free life is just a dream. There's no chance that they will be able to reach such a place. The problem with this idea is that it is a failure to understand what it takes to attain a debt-free life. Often, it comes down...more
Online banking is a fairly established practice in our internet-saturated world. Many people are making use of the unique and convenient options that online banking services provide. Yet, if you are a bit behind the times, but still considering the...more
We all know that referrals are considered the "holy grail" of the mortgage business. They're an easy sell, and customers are less likely to shop around. But, the reason why most loan originators don't get a lot of referrals is that they don't know...more
The following story was shared with me recently, it's been circulating around the net for years and I now share it with you.In the United States of America lies a large industrial city which is the sight of one of the world's largest slave labor...more
No matter how successful you are, or how many loans you have closed, you should expect hiccups. No loan every goes as smoothly as you think it will. And with all the third parties involved on any one transaction, you can and WILL have problems.Here...more