Economists at the Goldman Sachs Group reported than more than 50% of all homes sold last year and throughout this year were bought mortgage-free and that all-cash sales have more than doubled since 2006. Before the housing bubble burst, only 20% of homebuyers made cash-only transactions. Goldman Sachs analysts determined the percentage of cash-only home […]
Today’s article from National Public Radio reported that the pent-up demand for homes will mean a greater resurgence in the housing market, but that might change as many young adults who have graduated from college within the past few years are saddled with hundreds of thousands of dollars of student loan debt. But what’s more […]
(Huntington, NY) — Brian Leibowitz, CEO and Owner of Affordable Financial Services LTD, says the government’s proposal to do away with the mortgage interest deduction (MID) will negatively impact the mortgage lending industry as prospective homeowners will hold off on buying a home and fewer purchase applications are filed. U.S. Congressman Dave Camp of Michigan, […]
Affordable Financial Services LTD has private equity money to lend on commercial properties in the five boroughs. 50 LTV/CLTV max. Please send scenarios to email@example.com. For tips and strategies on working with Affordable Financial Services LTD’ lending niches and programs, visit http://twitter.com/Afslo.
Mortgage rates are said to increase within the New Year, which will most likely cause refinancings and affect current homebuyers who are looking to make an upgraded purchase. The Mortgage Bankers Association predicts that the fixed rate on 30-year mortgages will grow to an average of 4.1% this year, and 4.5% next year, which is […]