“Custom” mortgages a big hit
Feb 12, 2012 Real Estate Consultant
With mortgage rates at record lows, borrowers these days clearly favor fixed-rate mortgages, and many are choosing shorter terms than they had before.
Of those who refinanced during the last quarter of 2011, an increasing number of them opted for a shorter repayment term than the traditional 30-year mortgage. In fact, 43 percent chose a 15- or 20-year amortization period, the highest share since early 2003. And, 95 percent of all refinance loans were fixed-rate regardless of whether the borrower’s original loan had a fixed- or adjustable rate, according to Freddie Mac.
Frank Nothaft, Freddie Mac’s vice president and chief economist, attributed the high interest in shorter-terms to the incredibly low rates that are now available on those mortgages. For
Tags: Mortgages, Mortgages Big
Just the Fax Ma’am
Feb 3, 2012 Real Estate Consultant
I have been doing this a long time.
Back in 1987, as a new Realtor out on Tuesday broker’s tour, I’d do my best to actually look at the houses I was visiting for as-yet-hypothetical buyers. Mostly I looked at the agents who were listing or selling the houses. I tried to divine their secrets. I spied on them as they double parked their cars, air-kissed one another hello, threw their business cards into a pile in the entry hall.
Eventually I learned there were no secrets besides perseverance, chance and the willingness to step high or stoop low, depending on the situation. All u
Vertical or Bust
Jan 23, 2012 Real Estate Consultant
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Sure, Id love to knowingly trap myself in a plastic bubble full of many many gallons of water within which I could easily slip and drown. Oh it has a safety latch inside? So I can also destroy my floor in the process? Ill take three!
Fisher at Weichert Commercial Completes 300,000 SF of Transactions
Jan 13, 2012 Real Estate Consultant
MORRIS PLAINSDavid Fisher, senior vice president at Weichert Commercial, has recently completed multiple deals in Northern New Jersey totaling more than 300,000 sq. ft.
Fisher negotiated the sale of three industrial buildings located on Rahway Avenue in Union. They were:
*a 58,700-sq.-ft. office and industrial building located at 735 Rahway Avenue. Fisher represented the seller in the transaction. Sperry Van Ness represented the buyer, RBM, Inc. The deal closed in December 2011.
*a 42,600-sq.-ft. industrial building located at 751 Rahway Avenue. Fisher represented the seller, and the buyer, Toledo Investments, in the transaction. The deal also closed in December 2011.
Tags: Commercial, Weichert Commercial