Essentially Home Loans Weblog

Most real estate agents have had a lowball offer on a listing or represented a buyer that has submitted a lowball offer. A majority of real estate agents have dealt with both types of lowball offers. In general, lowball offers written up for buyers by a good agent get accepted, and lowball offers received by a seller get rejected.

Outlined below is a very simple but highly successful 14-step approach to getting you the home that you desire and not ending up with a lemon.

There have been increasingly strong signs that the property market is heading towards a slowdown. The first shock to hit the housing market last summer was the sub-prime lending crisis that resulted in banks tightening up lending criteria and following stricter conditions on extending bad credit loans to borrowers with poor credit history. The slowdown [...]

There are growing fears that Britain’s housing sector could be heading for a painful slowdown as the credit crunch affecting the banking sector spills over into the wider economy. Recent figures released by the Building Societies Association show that the value of mortgage approvals for January nose dived by 25% to £4.168bn. These figures are [...]

Experts in the banking sector insist that tracker home loans are still good value for money. This is because it is considered by most experts that we are interest rates reached the peak at 5.75% last year and they are only expected to come down from now on. The current interest rate is 5.5% so [...]

About 4% of all mortgage holders in the UK are Alliance and Leicester customers. Therefore, there might be a few of them who are understandably a little nervous at the news that Alliance and Leicester lost 33% of its value recently. Traders were literally dumping Alliance and Leicester stock as they feared that it might [...]

A report out by the TUC which concentrated on affordability issues in England has found that the typical house price ten years ago was £60,000. The price at the time was three and a half times the average home loan. There has been considerable house price inflation since then and the average price of a [...]

Despite the recent news of falling house prices, the property market and the cost of home loans here in the UK continues push the bottom rung out of reach for many first time buyers. So for some it may be worth considering investing in some property abroad. Except for Spain, house prices in Britain have [...]