7 Aug

What if the mortgage rates are notabated!!!

Mortgage rates are the rates levied by the bank or finance company withholding the conveyance of the property as a security. 90% market kept an eye on Federal Open Market Committee to hear about rising mortgage rates in September. But the Fed announced that they won’t be tapering the Treasuries and Mortgage Backed Securities and would wait for the economic indicators to improve on its own. Hence the rates fell off for lender in between 0.125 % to 0.250%.

The last 3 month has shown how the fixed mortgage rate fell down. The survey of large lenders shows that the 30 years fixed rate fell off from 4.66 % to 4.62 % and now it is 4.47 %, and it is still moving south. Similarly the 15 years fixed mortgage rate fell of from 3.7 % to 3.57 %, even the adjustable rate- mortgage (ARM) was not able to bear the decision; it fell off from 3.55 % to 3.41 %. Thus, the decision of Fed Reserve has dropped rates to quarter of percentage.

How it is affecting the economy?

If the U.S. pays its debts then the rates would rise quickly but it is just prolonging theories for a ceaseless political postures. The economy is the real victim here; hence it is better to connect with rentalchoice.com to know the meaningful shifts by the Feds to solve the issues of QE3.

QE3 or bond buying program is a key factor that it is affected by the rates from last 2 years. If the flow is not abated then there would be a rise in unemployment.

Impact of government shutdown

The democrats and republicans have to look into a budget agreement or else the government has to shut down. The threat of potential government shut down would have a huge impact on investor that would result is the fall or rise of rates depending on how they react.

If there is any delay in the mortgage operations, then the homebuyers and refinancers would face delays on closing or applying on mortgage. Even if the homebuyers have locked the mortgage rate for a minimum of 60 days, they can aspect a huge benefit.

Homeowners:

The homeowners could apply for refinancing their loan in this fall, only if they have signed a mortgage lock contract with the lender. In the lock contract, a home owner can lock the rate in the fall to save his income. If the rate increases in the near future and the rate are locked at relatively low point then you he expect significant saving.

The mortgage rates will go higher when the Feds are forced to raise the rates. Thus, this could happen only if the unemployment drops or there is substantial improvement in the economy.

6 Aug

Information On Port Mortgage Negative Equity

To port a mortgage means that you are transferring an existing mortgage to a new property, commonly referred to as portable mortgage or simply port mortgage. Essentially, you would want to port your mortgage in order to get out of dangerous grounds like negative equity which can become severe if left with no action. Low interest rate could also encourage you to go for port mortgage so as to take advantage of the current low rates. Porting your mortgage can also help you escape possible penalties.

Limited lenders
It is understood that only a few lenders would allow you to port mortgage due to negative equity because they want to limit risks as much as possible. Most of them did allow borrowers to port mortgage negative equity during the early nineties but this was specifically done as a way of stimulating the market. There are still a number of them allowing it and you might be lucky to find out that your lender is one of them. All the same, if you really think that port mortgage negative equity is the best option you have got, don’t be discouraged. Go a head and discuss it with your lender, convince them why you think you must do it.

Better than selling
When faced with negative equity, most borrowers find themselves in devastating conditions with very limited options. Often, selling the property could just be the main alternative available to you as a victim of negative equity. However, selling is not actually a wise decision because it can often be a cause of significant mortgage shortfall and this will worsen the situation further. Instead of selling, porting will be most appropriate in such circumstances and you will need to consult with your lender before making any move towards selling. Provided you have no intentions of acquiring additional lending, there are some lending entities that will allow you to port your current mortgage to a new property all together. Examples of lenders that can allow you to port your mortgage include Lloyds Banking Group (part of it), Lloyds TSB and Halifax, plus Nationwide and Coventry building societies.

You can port part of the mortgage
If you are not keen on porting your entire current mortgage, it is still possible to port just part of the mortgage and be left with the rest. This would happen in circumstances where you still want to retain some of the current features due to specific reasons that would favor your situation. It could be that there are certain features of the mortgage you do not want to let go. Maybe it’s a special rate that you want to retain because you will not enjoy it if you port your entire mortgage.

5 Aug

Growing Demand Of Real Estate In Dehradun

Real estate market in India has witnessed multi-level growth in the past few years. As per the industry, the upward graph has no chance of reaching down or even no chance of coming flat for next few years. Lots of activities that include residential complex development, commercial real estate development, retail space development, etc have driven the Indian real estate market.

Apart from metropolitan cities, property prices of small cities in India are rising fast. Owing to tech boom across the country, property in Indian is attracting more investors, most of them from abroad. As per the sources of real estate industry, Indian real estate is increasing at 30 percent per annum.

Due to increasing property prices, buyers are looking forwards to invest in two and three tier towns where property rates are growing with rapidity. Dehradun real estate is one of the most demanded properties in India to its due to emergence of a large number of national and multinational companies.

Almost 90 percent of real estate developed is residential space and the rest include office, hotels shopping malls and hospitals. This type of double-digit is primarily attributed to the off-shoring and outsourcing businesses, such as high-end technology consultation, call centers and programming houses.

The demand from the IT sector surely has changed the urban landscape in India. According to estimates, there is a demand for nearly 70 million square feet of IT & ITES space over the next four or five years. Many multinational companies continue to move their organizational operations to India to take benefit of less manpower and other costs. Providing human resources and home at their work place presume great importance and there the requirement of form space for people to live and wok that in turn cause the development of other related infrastructure. It has been a predominant trend to set up the worlds best business centers, often campus-style establishments, bearing a different corporate stamp.

Conscient, a leading name associated with Dehradun property and real estate Dehradun, offers a wide range of real estate in Dehradun with most luxury at affordable price.

4 Aug

Residential Apartments In Bangalore

What is the first thing that comes to your mind the moment you hear someone saying Bangalore? If not all a majority would have thought of IT and technology. Yes, Bangalore truly is a paradise for all IT geeks. The IT boom has revolutionized the real estate sector of Bangalore with equal pace. The tech-savvy city of Bangalore invites all the IT geeks and professionals from around the world promising a golden career graph. This, as obvious, increases the population of Bangalore. With fatter pay packages the IT experts look for a lifestyle nothing below an international standard. This is why a demand for residential apartments in Bangalore has shot up and governs the real estate of the city.

The gardens of Bangalore for which Bangalore was once famous for are slowly losing their charm as most of the open spaces are occupied by concrete structures. In the yesteryears, the bungalows of Bangalore were a pride as far as accommodation was concerned, but now they are slowly being replaced with stylish apartments infused with all the possible amenities. Residential apartments in Bangalore have majorly been developed in South Bangalore in upcoming areas like J.P.Nagar, Jaya Nagar, Kanakpura Road and Bannerghetta Road. Sale of residential apartments in Bangalore has seen a marked increase due to the affordable pricing, security offered, amenities provided and the ease of getting home loans.

The residential apartments in Bangalore have become a favorite with the inhabitants of the city primarily because of security concerns. Independent houses are more prone to theft, murder and any other form of violence whereas the 24×7 security, intercom and CCTV facility (at the entrance gate) in the residential apartments of Bangalore make them fare more secure. The cost of residential apartments in Bangalore varies as per the location. The cost of residential apartments in prime areas like MG Road, Lavelle Road, Indiranagar etc. costs nothing less than a whopping Crore or so. Its not that the city ignores the residential needs of people with a budget not as lavish as a Crore. The outskirts offer residential apartments in Bangalore at an affordable price. 2 BHK residential apartments in Bangalore lead the sale charts of the real estate developers.

Bangalore has realized that residential apartments are the only answer to fight the space crunch and the growing pressure on land. Many reputed builders have constructed several residential townships while many are yet to be launched. Comparing the advantages of living in a residential apartment with that of living in an independent house, the former is surely a safer bet.

4 Aug

Architecture meets Industrial Design

Title: Architecture meets Industrial Design

Text & Photography: Foster + Partners

Blurring the lines between architecture, interior design and industrial design, F+P once again prove that design is seamless and universal

Foster+Partners has proved its design prowess beyond the building industry and carries it forward to designing the interiors and furnishings for a commercial aircraft, drawing on its previous commissions for yachts and private jets.

Following the successful refurbishment of The Wing, Cathay Pacific’s flagship lounge at Hong Kong International Airport, the practice has carried the lounge’s sophisticated design into the first class cabin of the Boeing 777-300ER fleet refreshing the award-winning cabin.

The Wing, which opened earlier this year,is the second in a series of lounges by Foster + Partners for Cathay Pacific at HongKong International Airport. Every detail of the interiors,from the Champagne Bar to the bathroom fittings in the luxurious first class -cabanas’, has been custom-designed by the practice to create an exceptional experience for guests.

Besides the plush interiors, the lounges are furnished with a number of unique pieces designed by Foster + Partners, including a marble reception desk,food counter and a free-standing champagne bar with integrated trays – down to the detail of porcelain plates. Alongside the bespoke products and one-off furniture pieces, The Wing also features the Ilium cylindrical table light, developed with Nemo and the Foster 503 armchair by Walter Knoll.The highlight is the Cathay Solus Chair, the airline’s signature developed with Poltrona Frau that responds to the desire for privacy in the midst of a busy public space with its hourglass form and multi-utility constitution: the circular form incorporates a wide,comfortable seat, an integrated a power supply and a table, which can be used as an informal desk. The ribs of cushion at the back of the chair extend in places to form ridges, which can be used as armrests.

Creating a seamless experience for passengers, the cabin’s design shares the lounge’s palette of warm white leather,reflective dark grey surfaces and walnut finishes to create a calm, understated interior. Every element is considered and refined, including the stitch of the bespoke covers for Cathay Pacific’s celebrated first class seat, the handmade woollen carpet, the refurbished bathrooms and the new reading light, which has been custom-designed to cast fewer shadows when working or dining.

to view images click on globalhop.indiaartndesign.com