Tuesday, February 15, 2011

Mortgage and Loans - Mortgage Refinance, Home Loans

Mortgage and Loans - Mortgage Refinance, Home Loans

Homes and Apartments in Manila: Which Is Better?

Posted: 15 Feb 2011 06:37 AM PST

Families and people are always on the fence about whether to go for houses or apartments in Manila. It’s always good to find out which option is much better for the distinct needs of people regarding their home space.

Philippines real estate has been going up recently, thanks mainly to the economic situation of the country during trying times. A lot of foreigners are actually trying to find new homes in these shores, thinking about investing in a house or renting an apartment. There are many pros and cons for both choices. Lots of aspects should come into play when it comes to making the decision about where you should move, and there are plenty of Philippines real estate options throughout Manila. In spite of that, individuals and families should only concern themselves with what their primary needs are in order to make a smart decision. Being aware of their immediate concerns, people can better create a decision for themselves in choosing between houses and apartments in Manila.

Manila is definitely a great location for lots of people and families trying to find a location to settle down and plant their roots in. There are tons of great areas in Manila, specifically within private subdivisions and commercial business districts like Makati. Philippines real estate is viewed at its finest in some areas of Manila, so it’s no wonder why plenty of individuals are looking for houses in Manila. You’ll discover that there are tons of shopping districts, hospitals, and schools throughout Manila, which further increases its value and helps to make the area a lot more convenient and accessible for its residents.

Houses in Manila are obviously perfect for families. Nevertheless, people should go into more precise details before determining if a house is really what they need. One thing to consider is the budget. Houses in Manila will demand a bigger investment in the beginning, although having one’s own property can certainly make up for it. However, choosing to go for houses in Manila might not be the most suitable choice for smaller families or couples who’d rather spend less money in the first stages of the marriage until they could actually afford the down payment for their own house. Conversely, larger and more established families are ideal for houses in Manila.

Apartments in Manila are actually better suited for singles and smaller families. In Philippines real estate terms, apartments could mean various things. There are the standard apartment units in apartment buildings, and there are also apartments that stand alone much like townhouses. The smaller monthly investment for apartments in Manila might give younger families and individuals more room to save more money for future years. Those who are not searching for a lot of space should also choose to live in apartments over houses in Manila. Singles who work together near a commercial area might also decide to share apartments, as they possibly can provide enough space for everyone while minimizing each individual’s expenses by sharing rent and utility costs.

Choosing between apartments and houses in Manila can be tough. However, if you do spend ample time in weighing your options right, you will end up making a great investment that may definitely be life-changing.

The author is a real estate professional who has got extensive experience in Philippines real estate. To find out more, and to view a number of the finest real estate selections, visit ManilaEstates.com today.

Consumers fleeced in insurance scam?

Posted: 15 Feb 2011 06:13 AM PST

State financial and insurance regulators have ordered American Benefit Concepts, again, to stop selling unregistered securities.

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Posted: 15 Feb 2011 06:13 AM PST

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What insurance should I get if I were to become pregnant?

Posted: 15 Feb 2011 01:38 AM PST

I plan on having my 2nd child pretty soon, June is when I want to become pregnant and the baby will be born in March 2012. I have no insurance now, will it be possible to receive insurance 6 months before I become pregnant? Which is the best and why? I don’t want Medicaid.

A California Reverse Mortgage With Lower Costs

Posted: 14 Feb 2011 10:29 PM PST

As folks living on fixed incomes continue to struggle to make ends meet, many have turned to a California reverse mortgage as an answer to their money woes. Thousands of senior homeowners age 62 or older have tapped into their home equity through an FHA insured HECM (home equity conversion mortgage.

Borrowers and detractors have long held that the biggest downside to these equity loans is the high costs charged to borrowers. For years, challengers to a California reverse mortgage, have argued that these loans are far too expensive. The closing costs easily averaged approximately 5% of the loan amount or value of the home. Roughly equivalent to the cost of selling a home in California. Although the high costs are easily justified, they are still hard to accept when first analyzing this loan.. However, there is no denying that compared to a conventional ‘forward’ mortgage, the cost of a California reverse mortgage is high.

Enter, the HECM Saver. HUD rolled out a lower cost version of the popular HECM Standard, which they call the HECM Saver. The HECM Saver is now one of the FHA California reverse mortgage offerings and is also available nationwide.

This HECM loan drastically reduces the up-front FHA insurance premium cost. In fact, it brings it to 0. 01% of the appraised value of the home, or virtually zero. Standard HECM’s charge 2% of the value of the home. As you can see…a huge difference. If you can get by on about 15 to 20% less in your loan amount, then the HECM Saver might be the Home Equity Conversion Mortgage for you. Not everyone will be able to use the new HECM Saver loan if it doesn’t offer enough money for them to pay off their current mortgage balance. However, if a borrower doesn’t need the maximum loan amount, the HECM Saver could be a great choice and bring with it a huge savings in closing costs. Since home values in California have declined so much in recent years, not everyone applying for a California reverse mortgage will have the HECM Saver option. However, if you can get by with a lower loan amount then this new HECM loan is certainly worth looking into.

For complete California reverse mortgage information, please visit California reverse mortgage and then request a personalized reverse mortgage quote here California reverse mortgage quote so that you can compare which HECM will give you the most money.

Mortgage Fraud Suspect Indicted

Posted: 14 Feb 2011 03:57 PM PST

mortgage fraud indictment real estate fraud KGO7 Micheal Finney homeowner foreclosure 7 on your side oakland association of realtors OAR Alameda County

Mortgage Modification: Who qualifies?

Posted: 14 Feb 2011 08:37 AM PST

(Click “More Info” to see full video script!) www.60MinuteLoanModification visit for a free CD on Mike Rockwood’s experience modifying 5 of his own home loans – and how you can too. Ask Mortgage Modification questions on our forums at http Initially, lenders strictly adhered to the seven guidelines explained below when awarding mortgage modifications. Today thats no longer true. Theyre now limiting their analysis to fewer of the original criteria as the crisis deepens and the workload increases. In fact, the range is surprising and somewhat inconsistent. This indicates to me that the rules are being written on the fly. Virtually all lenders are using cascading calculations, whereby one set of calculation results are used in the subsequent calculation. Therefore, no one criterion is final; rather, qualification depends on a combination of factors. Ability to pay: This is your ability to meet the obligations of the modified loan. Customary underwriting criteria are used, so take 55% of your gross monthly household income. That is a rough estimate of how much monthly debt payment the lender will allow. This is your target amount after modification. Debt to Income Ratio is the term that lenders use to describe this underwriting guideline. Its simply your total monthly debt payments, including cars, credit cards, student loans, and others, divided by your Gross Monthly Household Income. Type of Loan: 100% of Negative Amortizing Adjustable-Rate Mortgages (NegAM) loans will be …

Posted by Blogku at 7:16 AM

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