Know before you owe – Debt-to-Income Ratios
Real Estate Inquiries: https://firststar.info/ Mortgage Inquiries: https://firststar.info/ What is a Debt-to-Income Ratio? IN THIS ARTICLE: Housing Ratio or “Front-End Ratio” Total Debt Ratio or “Back-End Ratio” Debt-to-Income Limits What is a Debt-to-Income Ratio? When you apply for a mortgage, your lender will analyze your debt ratios, which are also known as your debt-to-income ratios, or DTI. Lenders …
Mortgage Rates Ring in The New Year Below Four Percent
Real Estate Inquiries: FirstStarRealtySolutions.net Mortgage Inquiries: FirstStarLendingsolutions.net Mortgage rates mixed with the 30-year fixed rate fell back below four percent to start the year, according to Freddie Mac’s most recent Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) averaged 3.97 percent with on average 0.6 point for the week ending January 7, 2016 down from last …
Owning beats renting in new households for the first time in a decade
More new US households chose to buy than rent in the first quarter, marking the first time in a decade that new households have favored buying over renting, according to a Wall Street Journal report. According to Census Bureau data, 854,000 new-owner households were formed in the first quarter of 2017, handily beating the 365,000 new-renter …
20 of the best US housing markets for investing in real estate
If you’re looking to invest in real estate, location is paramount. HomeUnion, an online real-estate investment management firm, has identified ZIP codes in 20 US metros where investors have seen the highest return on investment and minimal risk over a five-year period. To compile its list, HomeUnion calculated the total annualized return — including projected …
This Real Estate Agent Is the Castle Expert
Are you a member of the global super-rich on the hunt for a house? Christoph von Schenck has just the palace, fortress, or château for you. By: James Tarmy August 29, 2017, 12:10 AM PDT From Subscribe Reprints Two world wars, revolutions in Germany and Russia, and inheritance taxes have managed to all but put an …
Grand Jury Heard From Lobbyist in Trump Tower Meeting, AP Source Says
Washington (AP) — A grand jury used by Special Counsel Robert Mueller has heard secret testimony from a Russian-American lobbyist who attended a June 2016 meeting with President Donald Trump’s eldest son, The Associated Press has learned. A person familiar with the matter confirmed to the AP that Rinat Akhmetshin had appeared before Mueller’s grand …
Bankrupt Caribbean Paradise Woos Chinese Tourists—and Their Cash
Over the years, Puerto Rico has wooed visitors and investors with beaches, sun, tax breaks and splashy public works. Now the Caribbean island wants to add an outpost of Chinese culture, complete with graceful pavilions and regional cuisine. The same territory that racked up more than $70 billion of debt has a new plan for …
One Crucial Item to Pack the Next Time You Fly, and Other Travel Tips
From beating jet lag to tackling airport anxiety, designer Sam Bompas’s unorthodox advice may just save your next trip. At Bloomberg Pursuits, we love to travel. And we always want to make sure we’re doing it right. So we’re talking to globe-trotters in all of our luxury fields—food, wine, fashion, cars, real estate—to learn about their high-end …
Seeking the Kindness of Regulators in China
Wanda, Evergrande and R&F need a favor from Beijing. By: Nisha Gopalan August 29, 2017, 4:00 PM PDT GILLES SABRIE/BLOOMBERG China’s property companies have always depended on Beijing’s good graces to keep the market buoyant. Now, the real estate arm of embattled Dalian Wanda Group Co. and two heavily indebted rivals are on the hook to securities …
Toronto-Dominion No Longer a Laggard in Canadian Banking
Toronto-Dominion Bank got its groove back. Canada’s largest lender by assets posted a 13 percent increase in profit from domestic personal and commercial banking in the fiscal third quarter, its best performance since the second quarter of 2015. That’s welcome relief for investors who’ve seen the Toronto-based lender stumble on its home turf for most of …