Great question. Ace Watansuparp, Executive Vice President at Citizens Bank, has your answer. All things equal, refinance and purchase have the same rates. But in a refinance boom with interest rates at an all time low, as we have now, two things tend to happen: 1) Refinance volume dramatically increases. Because purchase transactions have hard deadlines - closing dates, etc. - many times refinances can affect the banks ability to deliver the loans to meet those hard deadlines. Interest rates on a refinance slightly increase to dictate the amount of volume coming in relative to the banks capacity in order to maintain a high level of service on the purchase transactions. 2) We see lock-jumpers. When a client applies for a refinance it is not always guaranteed that the loan closes: – there could be appraisal issues where the value does not come in at the target value. – if rates … Read More.
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Q: Does having solar power for your home increase its value when you go to sell? Read More.
Q: We had our home on the market through a broker, he brought us a buyer but at the same time our financial situation changed, my wife got a raise and we decided to stay in our home. Do we still owe the commission? Read More.
Q: I’m looking to sell my home. Should I spend money on landscaping to increase curb appeal? Or invest the money elsewhere? Read More.
Question: How difficult will it be for me to find an apartment if I had to declare bankruptcy last year? Answer: The process can potentially be problematic for a renter who has filed a bankruptcy petition; however one of our experienced agents may be able to show properties where the landlord will be understanding. In this connection, the potential renter needs to be prepared with a few items: 1. A reference letter from their current landlord representing they are good tenants; 2. A creditworthy guarantor to co-sign in the event they default with their rent payments; and 3. Additional security or pre-paid rent. De som skulle vara sublim bör ta en titt på balklänningar sålda Vi erbjuder ett brett utbud av balklänningar. Du kan välja färg, längd, stil, halsen, silhuett, etc. Känn dig fri att berätta din storlek och beställa en … Read More.
Q: In which domestic markets does Douglas Elliman do business? Read More.
Q: What does Douglas Elliman’s relationship with Zillow mean to the homeowner? Read More.
Q: I would like to work for Elliman. I have my NY sales associate license. Where do I apply? Read More.
Q: In a real estate transaction, who is responsible to get the title search done, the seller or purchaser? Read More.