Wealthy of the World Real Estate Holdings Reported
While the European rich hold 31% of their wealth in real estate, in America it’s 19% or private wealth invested in real estate. U.S. wealthy have $5,328 billion of $27,770 billion in real estate.
January 10 New Mortgage Rules
Lower income home buyers could have more problems going forward due to new mortgage rules just implemented. Now a Qualified Mortgage must meet three requirements:
• Lenders must do more to assess the borrower’s ability to repay the loan. In general, the debt-to-income ratio must also be 43% or less.
• Make loans easier to understand and not hide risky features like negative amortization or interest-only payments.
• Points and fees are being limited. Any loan over $100,000 can’t have more than 3% in points and fees.
Buy a Home with Bitcoins
The New York real estate brokerage Bond New York has announced that they will accept Bitcoins for real estate transactions.
Wealthy of the World Real Estate Holdings Reported
While the European rich hold 31% of their wealth in real estate, in America it’s 19% or private wealth invested in real estate. U.S. wealthy have $5,328 billion of $27,770 billion in real estate.
January 10 New Mortgage Rules
Lower income home buyers could have more problems going forward due to new mortgage rules just implemented. Now a Qualified Mortgage must meet three requirements:
• Lenders must do more to assess the borrower’s ability to repay the loan. In general, the debt-to-income ratio must also be 43% or less.
• Make loans easier to understand and not hide risky features like negative amortization or interest-only payments.
• Points and fees are being limited. Any loan over $100,000 can’t have more than 3% in points and fees.
Buy a Home with Bitcoins
The New York real estate brokerage Bond New York has announced that they will accept Bitcoins for real estate transactions.