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Posts Tagged ‘Good’

The world of finance has changed dramatically over the course of recent decades. It wasn’t all that long ago that all that a young person really needed was an active savings account and some common sense and they were pretty much OK. Times have really changed though and now each day a persons mailbox is stuffed with glossy come-ons from predatory lenders that only point up the fact that banks are no longer the “friend” of the consumer.Teaching Personal Finance is Important TodaySo if it seems that every lending institution is determined to strip their clients bare, where does that leave todays young people who have to face an even more stark future in the world of personal finance? What this all points up to is that the first priority of every parent should be teaching personal finance to their kids no matter how young they are. Shark Infested WatersWhere to start though? Have you taken a recent look at todays average credit card contract? Its three pages of fine print Read More

Apartment finance is weathering the current credit crisis nicely compared to other sectors of the commercial mortgage business.  For example, owner occupied conventional mortgages are experiencing significant restrictions and loan requests above 60% loan to value, that do not fit the SBA guidelines have few, if any options. In contrast, 80% financing on purchases and 75% loan to value on refinances, is still an option with apartment loans.  Long term fixed rates, like five, ten year and even 30 year is available.  Also, interest rates themselves are very low (2/10/09) as we are seeing low 6%’s and even high 5%’s for strong borrowers on these long term high rate.  As a result many borrowers that went with floating conduit loans are now opting to refinance into long fixed rates due to concerns with where rates will go if inflation kicks in.     One of the main changes with multifamily finance is with underwriting going “global”.  Many veteran multifamily owners will Read More