In the good old days, before the housing bubble burst, being a mortgage broker or loan officer was like having a license to print money. After all, interest rates were low, housing prices were rising, and almost any homeowner could be persuaded to refinance their home. On top of that, banks and lenders were particularly … Read more
standard variable rate mortgage Standard Variable Rate or SVR is a type of mortgage where the interest rate can change, influenced by the Bank of England’s base rate. Each bank sets its own standard variable interest rate which is usually a few percentage points above the Bank of England’s base rate. SVRs are one of … Read more
Owning a commercial property in the United States is the dream of almost every Canadian citizen who lives in the United States. Many of them have no idea how to get commercial finance or mortgages. Certainly, buying a commercial property in the US presents its own challenges if you are not a US citizen, but … Read more
Some key tips regarding interest rates: It’s not the rate you need to know:When applying for a loan, never just ask about the “interest rate,” but always about the APR. APR includes fees and costs and is the actual cost for the loan (if quoted correctly) based on an annual percentage. Interest rate alone doesn’t … Read more
Some say inflation is good. The capital of your mortgage is eroded, for example the value of your home goes up! This is an argument for an interest-only mortgage, which advisors do not recommend. If no capital is paid then the repayment is very low. Take an extreme example – 35 years ago I arranged … Read more
Volkswagen is a very popular name among various motor brands and is also known as a manufacturer of high quality vans. Their all latest range offers a wide varieties of small size, medium and large automobiles, giving the customers maximum options to choose from. Volkswagen vans are known to be one of the strongest vehicles … Read more
There are several essential metrics that must be considered when determining where to spend valuable marketing dollars. The acceptable cost per funded loan depends on where one sits in the organizational chart and how much of a stakeholder is the long-term growth of the company. Successful lead generation firms are aware of this and for … Read more
Health Care Fraud, Bank/Mortgage Fraud and Securities Fraud Practitioner should be aware of 18 USC § 1345, a law that allows the federal government to create federal health care crimes, bank-mortgage crimes, securities crimes and other offences. Otherwise known as the federal fraud injunction statute, it also authorizes a court to freeze the assets of … Read more
As a reverse mortgage loan officer, I see many heartbreaking stories every day. The sad truth is that most of us have not properly planned for our retirement, I myself am 64 and fall in this category. Most of my friends are already retired and have a hefty 401K or pension to fall back on. … Read more
If you are planning to buy your next new car with cash then the process is simple and straightforward, try to choose the one you love, negotiate for the best deal you can and take it home. But if you are like most new car buyers and need money to buy a vehicle, you can … Read more