Types of Estates defined for Real Estate Holdings.

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What is LIBOR? It is the London Interbank Offered Rate. Wait, what is it? It’s the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London. It is a standard financial index used in U.S. capital markets and can be found in the Wall Street [...]

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Definition from Wikipedia and the Dictionary of Real Estate Terms (6th Edition) A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an exclusive option of [...]

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Effective May 1, several lending changes go in affect: 1.     The max agency jumbo loan limit gets increased from $625,500 to $729,750 in high cost areas.  (FYI – Not all lenders will allow this) 2.     The refi plus program for loans over $417k get implemented allowing clients to refinance up to 105% LTV on their [...]

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So you want to buy a flip house? Or is it a real fixer? How do you know if oyu can make any money on it? Make a list. If you don’t already have a formula (and you should already have a formula) for how much it is going to cost you to fix that [...]

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