When Can You Apply for an SBA Loan?
31 January 2006This answer was adapted from material on the U.S. Small Business Administration Web site. Before you can become eligible for an SBA loan, you have to apply (and be turned down) for a conventional loa …
Who Can Apply for an SBA Loan?
30 January 2006This article was adapted from material on the U.S. Small Business Administration Web site. Before becoming eligible for an SBA loan, you must have been turned down for a conventional loan. Most small …
Applying for an SBA Loan
29 January 2006From the Small Business Administration When applying for a loan, you must prepare a written loan proposal. Make your best presentation in the initial loan proposal and application; you may not get a s …
Using Debt to Finance Your Small Business
28 January 2006General When your corporation takes out a loan, it is incurring debt. Loans are a well-known and well-used method of raising capital. The biggest drawback to taking out a loan for your corporation is …
Mortgage Rates Drift, But Mostly Downward
26 January 2006Weekly Mortgage Survey - Week Ending January 19, 2006
Fixed rate mortgages continued to decline during the week ended January 19. The
30 year fixed rate mortgage, according to Freddie Mac’s Weekly Primary Mortgage
Market Survey has slipped 22 basis points since its most recent high during the
week ended December 16, 2005 when it averaged 6.32. Last week the survey reported
the rate as 6.10 percent. This rate was five basis points lower than reported
the previous week and fees and points were also down from 0.6 to 0.5.
The 15-ye… Read More Now
Foreclosure Activity Up and Mortgage Defaults To Rise
25 January 2006Foreclosure activity is up over the last year along with an increasing number of mortgage defaults from the Gulf Region.
While we have paid close attention to rates, fraud, and “The Housing Bubble” all is not necessarily well in other parts of the mortgage world. According to RealtyTrac, a foreclosure online site out of Irvine, California, there has been a 25 percent increase in foreclosure activity in the last year. The site’s Foreclosure Market Report states the nearly 850,000 properties entered some stat… Read More Now
New York Housing Bubble and NAR Reports
25 January 2006New York City Mayor Michael Bloomberg shares some thoughts about the NYC Real Estate Market.
Last week New York City Mayor Michael Bloomberg warned that the real estate market in his city was slowing “dramatically” and only a “miracle” could stop soaring mortgage rates from eating into housing prices.
The Mayor, speaking on his regular radio show, stated that higher mortgages rates were beginning to impact consumers who are not nearly as eager as they had been to invest in a new home at the record high prices being asked in his city.
“The real estate ma… Read More Now
Building Green From The Start - The Land and Lot
24 January 2006Builders are using land clearing techniques and impermeable materials which are a direct assault on the environment, one that most people don’t even recognize.
It’s going to be a pretty house, somebody’s dream home. It will provide
temporary employment to 10 or 20 tradesmen who will build it, make use of a lot
that has been a convenient place for dumping old couches, and provide a new home
for a family who will care for it and keep it beautiful.
What could possibly be wrong with such a win-win situation?
And their couldn’t possibly be a downside to the 5000 square foot house
that is replacing a run-down little ranch on an acre lo… Read More Now
How Does Your Personal Credit Affect Business Loan Prospects?
18 January 2006Just as your personal credit history determines whether you qualify for a personal loan, it also affects whether you can get a business loan. The three main things lenders look for on your credit repo …
Housing Bubble or Slow Deceleration of Housing Market?
18 January 2006Freddie Mac is not saying No Way to the housing bubble bursting, but seems much to like about housing in 2006.
Freddie Mac and its Office of the Chief Economist took on the doomsayers in
its January 2006 Economic Outlook released late last week and concluded that
the housing bubble is not going to burst.
It’s not that Freddie Mac hasn’t said this before, and its statement last week
was less than a ringing endorsement for a soft landing, but as housing sales
and starts achieved record-breaking levels of 7.48 million units and 1.73 units
respectively in 2005;… Read More Now
