The tough times for first time buyers in the UK housing market look set to continue. The subprime mortgage crisis in the US has caused banks financial hardships, and with the global reach of many High Street names it was surely only a matter of time before the financial uncertainty in the US spread to [...]
Posted in Blogging | Tagged buyers, first, for, house, in, the, time, times, tough, uk
This week marks a new low for mortgage rates. Mortgage rates are at a 37 year low. Rates have not been this low since 1971. The federal government decreased interest rates for the seventh consecutive week. This is an all out attempt to bring home buyers into the market and take some inventory off the [...]
Posted in Blogging | Tagged all, at, low, Mortgage, rates, time
Buying a house these days is more difficult for young people purchasing their first home than it ever has been. The uncertainty in the market has made it an opportune time if you are buying your first house to get a good deal, but the banks are making it harder to get a mortgage. [...]
Posted in Blogging | Tagged canadian, first, for, Government, Grants, homebuyers, time
If ever there was a time to buy a house for the first time now would be a good time. However, with the prospects of a price crash looming ahead, it may well be more possible for first-timers to finally find their feet on the property ladder. Many people will know that to buy a [...]
Posted in Blogging | Tagged applying, buyers, first, for, mortgages, time
With house prices falling all over the country, maybe now would be a good time to make a move onto the property ladder. In reality, the credit crunch has priced some first time buyers out of the market, unable to secure a mortgage or afford the high rates that are being offered. Yet, if funds [...]
Posted in Blogging | Tagged buyers, clambering, first, get, ladder, on, property, the, time, to
Applying for a first mortgage can be a daunting task for the potential first time home buyer. Most first timers do not realize just how much is entailed. Yet, according to many real estate agents, first time home buyers are driving today’s housing market.
Today’s housing market that is actually booming right now is [...]
Posted in Blogging | Tagged are, buyers, first, happy, market, time, todays
Owner builders save themselves a lot of money by managing the construction of their homes and cutting out the costs of a general contractor. However, for owner builders who have never built before, there is a very important lesson to learn about the owner builder loan timeline before getting too far into the planning process.
Owner [...]
Posted in Blogging | Tagged a, builder, for, in, lesson, Loans, owner, time
As of Monday July 14th, 2008, the government has passed new laws which cause a decent amount of change within the mortgage industry and how these companies give out loans to homeowners. Even though they were passed on Monday, these rules wont take effect until October 2009 to give time for companies to transition to [...]
Posted in Blogging | Tagged 2009, for, laws, mortage, Mortgage, new, reconstruction, the, time