Category Archives: Real Estate News

National Real Estate News

FREE Report – Today’s Guide for Home Loans

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Home Loans - The New Normal

Today's home loan market has consumer's confused.  New regulations have tightened an already difficult to understand market place for mortgages.  How do you know if you qualify for a home loan?  What do you need to do to qualify for a very low rate?

Many "would be home owners" are dismayed with the many requirements for home financing and those who want to refinance are also discouraged by the many complaints against the big banks on taking months and months to get the refinance done.

John Sauro, President of North Atlantic Mortgage Corp. say's that consumers must be armed with knowledge. "The home loan market has changed greatly since the credit crash.  Consumers need to be educated before deciding on a home loan and where to apply for one.  Consumers that are not prepared to meet the today's home loan qualification's, may find themselves chasing lender's for months for an answer."

Finally, there are answers to the many questions consumers have.  North Atlantic Mortgage Corp. has made available a FREE report- "Today's Guide for Home Loans"

This report cover's all that consumers need to know about today's home loan financing challenges.  This is a must read for anyone planning to buy or refinance a home.

CLICK HERE to get your free FREE Report "Today's Guide for Home Loans" now!

or contact North Atlantic Mortgage at 1-877-794-5363

 

Builders Say Headwinds Remain for Recovery

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Single-family and multi-family housing starts are predicted to post double-digit gains this year over last year, according to the National Association of Home Builders. NAHB says that the market could post even stronger gains but several factors are holding back the recovery.

The biggest obstacles? Labor and lot shortages, rising costs of building materials, obtaining construction credit, and overly restricting mortgage-lending rules are hampering the market, NAHB economists noted during NAHB’s recent Spring 2013 Construction Forecast Conference webinar.

“As demand for housing gradually picks up steam, supply chains for building materials, developed lots, and skilled workers will take some time to re-establish themselves in the aftermath of the Great Recession,” NAHB notes.

For example, prices of building components — such as gypsum, softwood lumber, and concrete — are above 90 percent of their housing boom peak.

As such, home construction costs are rising at a faster pace than appraised values, says David Crowe, NAHB chief economist.

Still, there are plenty of positives to point to in the recovery, NAHB notes. Home prices are posting solid gains, with nearly a 6 percent annual rate of home price appreciation on a national basis. Growth in housing is rising at a faster pace than the overall economy, Crowe says.

Notably, North Dakota, Texas, Oklahoma, Wyoming, Montana, and Louisiana — all energy-producing states — are the first projected to return to normal production of homebuilding levels by next year, says Robert Denk, NAHB's assistant vice president for forecasting and analysis. Denk also noted that Iowa is also approaching a faster return to normal conditions.

Source: National Association of Home Builders

Are you looking to lower your mortgage payment or qualify for a higher loan amount and not sure of who to use?

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  • Should you spend your days checking all the different banks for their different rates?
  • Should you check bank rate monitor?
  • Should I use the bank I have my savings account with?

NO YOU SHOULD NOT DO ANY OF THE ABOVE!

  • It would take too much time to go to bank to bank to bank and by the time you apply and lock your rate it will not be the lowest anymore.
  • Banks advertise with a low rate on bank rate monitor just to get you to call, then the rate is completely different, always!!
  • Just because you have a savings account and you know someone in the bank means nothing! Underwriting is done by the books and never takes into consideration relationships. The underwriting of your loan is not done in the branch and you will always pay for a retail rate not a wholesale rate.

USE A BROKER THAT YOU KNOW OR TRUST!!! ALWAYS!!

A broker has to pass extensive training and licensing to get his licensing, a branch worker doese not. A broker has access to all the banks wholesale rates. With one application a broker can lock your mortgage rate at what ever bank has the lowest rate at a moments notice. They monitor all bank rates better than you can, they live and breath rates all day long. If they have been doing this long enough they can even predict what bank will have a very low rate.

North Atlantic has been a top Mortgage Broker since 1996 and clients always return because they have been through the process and know this is the only way to get a very low rate.

Call to speak to John Sauro, he is the most experienced Mortgage Professional you will ever find. He will put your mortgage concerns at ease with a very quick phone call or email him john(@)northatlanticmortgage.com and with about 10 questions answered you will be on your way.

It cost nothing to get started!!!

Don't waist your time & money!! Contact him now!! 1-877-794-5363

John Sauro

 

 

North Atlantic Mortgage Corp. 733 Summer St. Stamford, CT 06901 

Licensed Mortgage Broker, CT, NY, FL, Banking Department *Loans Arranged Through Third Party Providers. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. NMLS #1375

What Mortgage Rate Should I Have?

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Use the Financial Tool below and see for yourself what mortgage you need.

The goal  is to get the lowest  monthly mortgage payment and essentially save you interest over the term of your mortgage. When you are considering refinancing your mortgage it is important to calculate how long it is going to take you to break-even or to recoup the amount of money that it costs you.

FINANCIAL TOOL - A quick view of your mortgage.

mortgage calculator

Real Estate Investment Analysis Software

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by: Kim Charles Petty
Investing in Real estate is acquiring an increasingly critical profile with advancement in technology. Like other businesses all aspects of real estate investing also have become technology oriented and complicated. You may find handling day-to-day operations quite stressful and difficult to handle without obtaining expert support. The easiest way to cope with such a situation is to use real estate investment analysis software.

The software is user friendly and will prove to be the ideal option to manage your high profit ventures in real estate investing. To make it easier for you to handle the software, a detailed user manual and a CD are provided along with it. This will let you clearly comprehend the application and procedure for using the software.

The software consists of many features that are of immense use to committed real estate investors, brokers, real estate agents and developers. It allows quick and easy real estate investment analysis presentation for individual investors that help them in understanding implications of their investment moves and lets them make an informed decision on real estate investing.

There are many companies that sell real estate analysis software. Good quality software is a powerful tool that will let you determine your return on investment and analyze cash flows. It provides a near accurate estimate of future wealth/net worth and allows comparing multiple income properties through an executive summary. Using an executive summary you can run assumptions against different income generating properties and then make a comparison of the financial data derived through the executive summary to determine the property that will give the highest return. This caters to systematically building wealth through your real estate investments by making quick and better-informed decisions.

This user friendly software is available for all types of real estate like apartment buildings, single family rental housing, office buildings, industrial properties, ware houses and mini warehouses, commercial buildings etc. The software will help you generate all types of related financial reports like income statements, cash flow statement, rent roll, mortgage and equity, sensitivity analysis, executive summary, operating expenses etc. It can also let you have a breakdown of operating expenses in the form of expense item amount expressed as a percentage of total operating expenses and a percentage of effective gross income as well.

Real estate investing analysis software provides you with the flexibility of entering 2/3 mortgages on a one property to let you make a mortgage analysis of your investment real estate. It can take into account interest only mortgages, fully amortized mortgages, one future mortgage or refinancing, interest only mortgage with balloon payments, fully amortized mortgage with balloon payments etc.

You must look for real estate investing software that allows powerful sensitivity analysis by incorporating variations in purchase price, loan interest rate, appreciation growth rate, income growth rate, expense growth rate, vacancy rate and reinvestment rate of return.

In the real estate business you may come across terms that may appear to be complicated or confusing. Good real estate investment analysis software will invariably include an encyclopedia to help you out with this. It will clarify and help you understand the various real estate terms as well as its principles, concepts, practices and calculations with explanations to financial indicators like return, cap rate, IRR, GRM, DCR, DSR etc.

About The Author

Virtual Real Estate Investing Experts Kim and Charles Petty have been involved in over 700 real estate transactions in the last 9 years and are the creators of the Ultimate Turn Key Virtual Real Estate Investing Systems for investors all around the world who want to take advantage of the awesome profit opportunities in today’s real estate market. They are the worlds leading experts on Virtual Real Estate Investing. Go to http://www.virtualrealestateinvestingprofits.com/ or call 1-800-311-9228.