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Posts Tagged ‘appraisal’
January 10, 2012 Present Value LLC’s Top Five Posts on the International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS) is a set of international accounting standards stating how particular types of transactions and other events should be reported in financial statements. IFRS is issued by the International Accounting Standards Board. Conversations are still swirling over whether or not the Securities and Exchange Commission (SEC) will adopt IFRS or some [...]
January 5, 2012 Don’t Wait to Refinance!
Many people took advantage of last year’s low interest rates and refinancedtheir homes. If you didn’t do it last year, the Federal Reserve promised to keep rates low this year, so there’s still time. However, according to a quote in The New York Times from Frank Nothaft, chief economist at Freddie Mac, interest rates might [...]
December 22, 2011 More Delays on SEC’s Decision on Whether to Adopt IFRS
Those waiting for a decision by the Securities and Exchange Commission (SEC) on whether to adopt the International Financial Reporting Standards (IFRS) will have to wait at least a few more months. According to SEC Chief Accountant James Kroeker at an AICPA National Conference, the SEC will need at least a few more months to [...]
November 3, 2011 Triggering an Investigation Before Securing a Loan
Lenders have increased their methods to prevent loan fraud in recent years. When you first apply for a mortgage or refinancing loan, the investigation begins with verification of your identity and social security number. Lenders also check to see if your name appears on a terrorist watch list, verify your employment, and check your credit [...]
October 25, 2011 Is Refinancing for You?
With interest rates at extreme lows, many people are rushing to refinance. In fact, 79% of mortgage applications this year have been for refinancings. But before you refinance, it’s a good idea to take the time to decide if it’s the best decision for you. First of all, think about your long-term plans for your [...]
October 13, 2011 Problems that will Keep you from Getting a Mortgage
The Mortgage Bankers Association estimates that of the people who go through the lengthy and complicated process of obtaining a mortgage or refinancing, 30% will be rejected. Lenders’ policies have tightened up as a result of the financial crisis, and many banks have policies that go beyond federal requirements. According to industry experts, there are [...]
October 4, 2011 Getting a Good Appraisal
There’s an article in The New York Times this week titled “Determining a Home’s Value” about making sure your home is appraised well if you decide to take advantage of record-low mortgage rates by refinancing. The article suggests that you find an appraiser from your area, or make sure that your lender does so. If [...]
September 27, 2011 Finding a Local Bank for Your Business Loan
A recent article on Entrepreneur.com, “How to Find the Best Local Lender for Your Business,” provides tips for business owners who may be looking to get a loan from their local community bank. Look for SBA-backed banks. Check the Federal Deposit Insurance Corporation (FDIC) troubled-bank watch list. Make sure the management team is stable. Seek [...]
August 12, 2011 Risks of Co-Signing for a Mortgage
With lenders tightening their lending requirements, it has become harder for potential home buyers to secure a mortgage. Occasionally, these potential home buyers turn to a close friend or family member to co-sign the loan, but co-signing for the primary mortgage holder comes with a lot of risks. Co-signers have to be able and willing [...]
June 30, 2011 Celebrity Houses That Are on Sale
Have you ever dreamed of truly living like a celebrity by buying one of their homes? If so, you’re in luck. Two famous names recently put their homes up for sale – Regis Philbin and Hulk Hogan. Regis Philbin’s four bedroom, eight bathroom, Greenwich, Connecticut, home is complete with a tennis court and a pool [...]