Finding the right mortgage is much like finding the perfect partner. There are certain attributes or traits in a prospective partner or mortgage that makes compatibility more likely.

A financial comparison website therefore, is much like an internet dating site. You can compare mortgages on a range of things: rate, fees, term, hobbies, favourite tree as well as attitudes to particular issues (like the Great Reform Act of 1832).

But this mortgage dating game leaves me baffled. It all pre-supposes that I know what I’m looking for – which I may not do. This partly explains my ill-fated relationship (lasting 24 months) with Magda, a 2 year fixed rate mortgage, who, although enjoying hill-walking, was completely inept socially and very unreasonable (she would only travel by Penny Farthing and insisted on wearing a monocle).

What I really needed, before looking for a mortgage, was to work out what would be compatible with me. Probably the biggest piece of advice I could give is to make sure you shop around. I settled for Magda because she was the match my bank offered me, but selecting from a limited pool is the dating equivalent of having to select your partner from within a small familial group, such as The Nolans or The Chuckle Brothers. Whilst you might well find a perfect match from your bank or building society, surely it is far better to have seen everything else that is on offer as well? This simple exercise could save you hundreds, even thousands of pounds a year in mortgage payments.  Read more... (1374 words, 1 image, estimated 5:30 mins reading time)

What is the best type of residential Philippines property for sale in the market today? There are many types of these residential properties available in the market, majority of which are condominiums. The number of condominiums in today’s market have bloomed so much that Filipinos may now have the freedom to choose on which condominiums they would want to live in.

What is a condominium?
Condominium is a type of multi-unit dwelling in which each unit in a floor is individually owned while the rest of condominium such hallways, elevators, stairs, and lobby are jointly owned by all the owners. Condominiums are usually similar with apartment buildings in form and structure. The difference, however, is with its ownership. While condominiums are individually owned, apartments are normally rented or leased to tenants.

Condominiums of today and its types
Compared to other types of residential Philippines property, such as apartments and townhouses, condominiums were only recently introduced in the Philippine market. Although it was only recently, condominiums quickly became popular, particularly with the wealthy. The reason why it quickly became popular is because of its location as well as its luxury.  Read more... (426 words, 1 image, estimated 1:42 mins reading time)

Real estate investing in Miami real estate is now becoming popular again as there are many properties in foreclosure, short sale, bank reo’s, and government foreclosures. With such an overwhelming inventory of homes available for sale a real estate investor must be able to determine which one to purchase. Investors must follow six steps in order to learn, understand and achieve Miami real estate investment success.

These are the six L steps to Miami real estate investing:

1. Location – Location, location, location is still the key of buying Miami real estate. Buying Miami real estate just because the price is low in a declining area is big mistake that should be avoided. Look for homes in an excellent location like, good schools, economic stable and growing neighborhoods, near shopping centers and malls, near bus stops and metro rails, near hospitals and restaurants. Sometimes it is better to pay a little more for a property in a good location than getting a bargain in a place where it is very hard to sell or rent the asset. Location is often overlooked in purchasing real estate as many investor think they can overcome a bad location if the price is low enough. Out of two homes that are exactly the same, the one in the best location will command a much higher sales price and rental income. Location is the number consideration when purchasing Miami South Florida real estate.  Read more... (993 words, estimated 3:58 mins reading time)

Receiving notice that your house is about to be foreclosed upon is one of the most traumatic things you can go through. However, when you sign your mortgage or deed of trust at the real estate closing and it is recorded in your County’s Land Records office, you give your lender the right to foreclose on the property if you default on the loan or fail to repay the loan according to the terms of the loan.  A new foreclosure law went into effect in Maryland on April 4, 2008 and any foreclosure action filed after that date must comply with the new law.  The foreclosure process and your rights in that process under the new law are outlined below.

What Will Happen if my Property is Going Into Foreclosure?

Before the foreclosure is filed
Before a foreclosure action is filed, you as the borrower and property owner should have received notice from the lender that there is a problem with your loan account and from the lender’s attorney that there is a default under the terms of the loan. Many mortgages require the lender to give notice of the default and of your right to remedy the default before filing foreclosure. Do not ignore or delay in responding to any written communication from your mortgage lender. The sooner you contact your lender, the greater the chance you can work out a solution to your situation.

In Maryland, before the lender can file a foreclosure case against your property, the lender must:  Read more... (1391 words, estimated 5:34 mins reading time)

With the Las Vegas real estate market, the warmer the weather reduces the chances of home sales. This trend is often referred to as the “mid-summer” seasonal trend by those in the market, so what does this trend mean for house hunters in Las Vegas Nevada? According to statistics from Home Builders Research, a total of 1,872 new homes were sold in June this year. That may seem like a lot, but so far this year alone there has been over 10,395 homes sold. So what does all these numbers mean for home buyers? It means that summer time is the perfect time to start looking for your new Las Vegas home, as the market is saturated with both new and existing homes. The cost of new construction homes in Las Vegas has actually rose recently, but is still down 2.2% from last year. Those looking for an existing home may find a better deal, as the median price of an average existing Las Vegas home runs around 7,900 and has dropped 4.1% according to Sales Traq. That does mean home prices in some sectors of the market has went down slightly, but no-were near to what some market analysts and experts had predicted earlier in the year. Yet that still has not slowed some sales in certain niche markets. A high-rise condominium will still run around 0,000 with the more luxurious running higher in price, and with condos selling at such a high price its bound to help keep the real estate values high on new and existing condos and new and existing homes. While the market is fluctuates, there is still plenty of areas with lots of homes for sale that have been sitting on the market. Both Henderson and Green Valley existing homes have been dropping prices, some by 10% to attract potential buyers or investors. Although its hard to attract buyers to buy a home, when they feel the price they pay now might be reduced in a year or so. The down-turn in sales leaves a lot of home’s that are empty looking for potential owners, although the market may suffer a few bumps here and there Las Vegas real estate will always be in demand. With new construction condos keeping the market prices high, some believe that it will not be long before the market heats up as fall looms bringing investors and buyers out searching for new and existing homes.