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Wednesday, 19 March 2008 |
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By MIKE SELVON
 When you need to think about refinancing your mortgage, it doesn't take much time to discover that there are so many different choices in the types of loans and various mortgage home loan terms that are available that it can become overwhelming. At the same time, there are very aggressive mortgage lenders that are eager to get your attention by enticing you with special loan terms so that you will do business with them.
While most of these offers come from legitimate mortgage financiers who operate in good faith and above board, there have been increasing reports of "predatory" home mortgage refinance lenders on the prowl through the marketplace. These predatory lenders are not operating with the best interest and benefit of the consumer in mind and they prey on homeowners who are less experienced and knowledgeable.
Mortgage lenders that operate in this unethical way certainly won't be in the marketplace for long. There are many state and federal regulations that govern the mortgage home loan industry, which are designed to protect homeowners and weed out the deceitful.
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Last Updated ( Wednesday, 19 March 2008 )
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Wednesday, 19 March 2008 |
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By Jimmy Cox
 The real estate syndicate is a pooling of resources of many investors to buy a building or long-term lease-hold.
A lever is one of the oldest tools known to man. You want to move a heavy stone which you could not budge with your bare hands. A lever applied in the right place will enable you to do the job for which otherwise several men would be required. Investment leverage works the same way. A dollar strategically placed can do the work of several dollars. An illustration of the operation of leverage follows.
Suppose that a syndicate acquires a property for $1,250,000. $250,000 is paid cash. The syndicate gives a mortgage for $1,000,000. Assume that the value of the building increases over a period of 5 years by 20%. It will then be worth $1,500,000. Such an increase in value is by no means far-fetched or unusual. During the last 5 years many properties increased far more than 20%.
At the time the syndicate acquired the property it did not have to raise $1,250,000. All it needed was $250,000 cash. |
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Last Updated ( Wednesday, 19 March 2008 )
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