Find out where you can make the most money as a real estate agent or broker in the United States.
A lower mortgage rate doesn’t always mean you should refinance.
The retirement crisis has been under way for a while. A growing share of older households has little or no savings, as costs for housing and health care, for instance, went up. Some worked longer, while others went borrowed more to pay their bills. The recession could quickly make things worse.
Finances should ladder up to personal fulfillment goals and lay the foundation for the next phase of life’s journey, whatever that might be. One of the biggest challenges is knowing who to talk to about what because many financial advisors are very siloed into their areas of expertise.
Expectations that Chancellor Rishi Sunak will announce a Stamp Duty holiday today as part of his mini-budget are not only high but near cast in concrete. The plans potentially involve raising the Stamp Duty threshold at which buyers start to pay the levy from its current £125,000 up to £500,000.
With record low mortgage rates, rising prices and a fast recovery from the coronavirus shutdown, now seems like an excellent time to buy a home. But can you afford to ignore high levels of unemployment and expiring government benefit programs that may affect the future value of your investment?
A Reuters poll of property market analysts published yesterday reported that house prices are anticipated to fall by 5% this year, but the much bigger issue is the decimation of almost 90% of the first-time buyer mortgage market, as many lenders withdraw their 90-95% loan-to-value products.
According to the latest Nationwide House Price Index, house prices decreased 1.7% in May over the previous month, the largest monthly fall since February 2009 following the 2007-08 Financial Crisis. But look at the bigger picture and the signs of an upturn seem even more evident.
The impact of COVID-19 on the housing market as a whole, and on the buying power of first-time buyers specifically, cannot be understated, but I believe there are some firm solutions that could provide them with a vital leg up.
This article shows mortgage borrowers struggling to make their payments the impact of different forbearance options on their financial future.