Annual percentage rate can be defined as the effective interest rate on the loan or the actual cost of credit to the customer. APR is usually determined as an annual percentage of the amount of credit granted while taking into account the one time fees. APRs seldom have any effect over the monthly mortgage payments since different lenders have different methods of calculating APRs.

Annual percentage rate provides an estimate to the borrower regarding the total annual payment including the interest that has to be paid to the lender. APR is calculated through complex mathematical equations. Expenses that are considered during these calculations include discount points accumulated during closing, loan origination fees, mortgage insurance premiums, documentation fees, underwriting fees and any prepaid interest if levied. Several lenders consider these calculations as confusing.

Share This

The surplus of speculating investors who cleverly learned how to leverage leverage OPM (other peoples money) and work the system, is now backfiring throughout the market and circling back around to correct itself.

A fourth of the homes bought across the nation the last few years were purely speculative for profit and not bought to be lived in by buyers.

One car dealer I know who owns several rental properties is eating it big time and losing money. He recently told me that after he accounts for property taxes (which in a year may for the first time go down), improvements, and maintenance to care for the homes he rents; at the end of the day he’s losing money considering the amount of time invested to do all of that.

Share This

Mike Fisher from the Redfield Group joined us to talk about profiting from Raw Land. Mike is an accomplished auctioneer who specializes in land auction. He shared with me some very unique and simple ways to profit from land. Let’s take a look at what Mike talked about to understand better what the steps are to get started in raw land.

Finding Raw Land – This part may seem like the toughest part but in reality I think it really comes down to a numbers game as Mike mentioned. Just like with single family houses you have some choices to stir the pot.

Share This

Equipped with a deadly combination of educational and IT infrastructure, Pune real estate is rightly said as the second hottest destination in Maharashtra. Both commercial and residential property markets in Pune are driven by these industries while the traditional manufacturing industries of automobiles also are actively participating in the market growth.

Owing to the IT Park, Pune is expanding from its western end at Hingewadi, and the property prices in areas like Balewadi, Aundh, Wakad and Bhugaon have multiplied several times in the past few years.

Share This

There are many options for condominium owners here in downtown Center City Philadelphia when choosing a Realtor. Selecting one can be based upon many factors such as friend, family, referrals, web searches, etc. All have their pluses and minuses, and some may be better for your particular situation than others. One factor that might work in your favor is a feeling of trust. Someone very close to you may look out for your best interests.

Share This

“If you are interested in getting involved in the business of real estate, there are a few basics that you need to know before you get started. For most, making that first purchases is the hardest step because the jargon and paperwork involved with the business can seem a bit overwhelming. In addition, there are so many different types of properties to purchase that investing in real estate can seem downright confusing.

In order to simplify the process and to get started in the business of real estate investment, there are three major areas you must consider. These areas include:

Share This

Understanding Your Rental Property

Adding real estate to your portfolio can be a smart thing to do. Many do this by converting their first home into a rental when they can afford to acquire another principal residence. As I have discussed before, every portfolio should have 20% invested in the alpha rim (see “Do What the Hell I Tell You-Guide to Portfolio Building”). The alpha rim is the part of a portfolio that is not invested in stock market products. Therefore, it is not subject to market fluctuations and provides some risk protection to a given portfolio. When adding any new investment to our portfolio, we should take time to learn the basics so that we can make informed decisions over time. Adding real estate to a portfolio definitely requires an understanding of the fundamentals.

Share This

Over the past three years the Turkish property market has been booming and many investors have been reaping the benefits.

Turkey property has now taken over Spain as the best value-for-money location to purchase property in Europe, according to Nirvana International.

Natalie Nixon, spokeswoman for the UK property developers, highlighted the wane of the Spanish property market as a haven for investors.

“With the Spanish market becoming increasingly saturated, opportunities for a good investment are declining,” said Ms Nixon.

Tourists are primarily attracted by the coastal towns, but ancient ruins and the development of golf in Turkey, with the ongoing building of courses, was also a big pull factor.

Share This

1) What is title insurance? How much does it cost? Should I buy it?

Share This

Bangalore CBD region is on the verge of saturation and the city is facing traffic chaos, housing scarcity and there is a simmering demand for more space and better infrastructure. To meet the requirements the city is now expanding to the peripheries.

In view of resolving aggravating state of city infrastructure, the Karnataka Government is investing US$ 15.73 billion to improve the infrastructure in the state which is highest among all states in the country. The main thrust will be on the development of Outer Ring Road (ORR) region to solve the problem of traffic congestion and to meet the requirements of industries.

Share This