Juicy Estates: Mortgage Blog

Archive for November, 2008

Mortgage Interest Rates Hit Historic Lows…Don’t Miss the Boat!

In the past 24 hours mortgage interest rates have moved lower, again by another .5% and are now stand at all time historic lows.  Yesterday I wrote about getting “your ducks in a row” as economic indicators including treasury yields were foretelling of lower rates and it didn’t take long.  The action taken by the Fed to inject another $800 billion into the financial markets is having a dramatic effect on…… Read the rest of this entry »

Get Your Ducks In A Row

This is going to be a bit technical but you don’t need an economics degree to understand it and you will be the most well informed among your peers for taking the time to read it.  A little understanding of yield curves and there relationship to economic cycles can go a long way….and think about how smart you will sound!  I can’t say it any better than the good people at Bespoke Investment Group so the following is an excerpt from their article.

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Down Payment Requirements For South Florida

Imagine, it’s just days before your closing and you get a call from your lender who you thought was taking care of your mortgage….”we are sorry to inform you that you will need to make an additional 10% down payment in order to complete your purchase”.  Unfortunately hundreds of potential buyers are getting this call every week in South Florida because they have chosen a lender that is not Read the rest of this entry »

“Make It Up On The Buy”

“Make it up on the buy”…..I don’t know who said it first but he or she should get some sort of prize.  I have been hearing industry people (i.e. Realtors, Mortgage Bankers and Real Estate Pundits) use this phrase for about the past year as a means of alleviating a home owners anxiety about …… Read the rest of this entry »

Low Ceiling….FHA and Conforming Loan Limits Announced

In a seemingly bizarre move the new FHA loan limits were announced and while we are in the midst of the worst housing crisis in the history of modern man they are actually……. Read the rest of this entry »

Guest Contributions – Coming Spring 2009

Steal This $3 Million Dollar House For $800,000!

Yes that is $800,000 U.S. and you won’t believe the view, the setting and the amenities.  With 7,000 square feet of living area, ocean views, golf course, Bali design and a large tranquil pool this Knysna luxury property can and should be yours.   But before you get too excited it also appears to be listed for $30 Million South African Rands which equates to a bit over $3 Million U.S. dollars, so it’s either a the steal of the century or…… Read the rest of this entry »

3 Walls Can Be Better Than 4

 

How would you like to wake up to this?  While the Jade Mountain resort in St. Lucia is not for those who have to ask “how much per night?” it is for those among us that appreciate architecture that exists in harmony with it’s setting.    Read the rest of this entry »

Barack Obama’s New Diggs

My parents always told me not to discuss politics or money in polite company….of course I do a lot of things my parents told me not to so in this post I will do both.  We all know what The White House looks like but this photo makes the place look fresh and clean which is what a lot of Americans are hoping that the Obama presidency will bring to our nation.  Regardless of your political leanings I think most will agree that in some ways the Country matured on November 4th and that generations to come will recognize these as truly historic times.  I encourage everyone to take a moment and consider the gravity of what has transpired over the past weeks and months in the credit markets, in the housing markets and in the economy and join me in collective hope that this man can rise to this occasion.

God Bless America.

Luxury Pools, A Visual Feast

 Even though 71% of the surface of the Earth is covered by water, throughout recorded history man has created pools in which to bath, swim and relax.  A pool is a must have feature of the vast majority of luxury homes and in some instances is the center piece of the property.  Read the rest of this entry »