Economy
We’ve been hearing a lot about the Libor scandal lately, and as I’m sure most of you know, the LIBOR rate affects many home mortgages. The London Interbank Offered Rate, or LIBOR, is a benchmark interest rate on which a whole lot of loans and financing is based. The scandel, which started in good ole’ London, is…
Only at the Ritz would they bring in beauty consultants to give their driveway a good, solid microdermabrasion. This is at Residences Tower I. Turns out last year’s winter freeze left pock-marks on the pavement that were not too pretty, and really chewed up the concrete. Rather than opt for topical coverage — drive-way make-up…
There has never been a better time to buy a second home. I am even watching my spending these days, eyeing fractional ownership if it has all the right locations. We are having a guest post soon from a fractional ownership expert to explain the do’s and don’ts. The problem is not buying, as we know,…
For decades, it was a pat answer. If the borrower’s home mortgage application had a little ugly around the edges, push them toward an FHA loan. That’s because FHA loans would accept all of the hard cases that made conventional mortgage lenders turn up their noses. From wee down-payments and less-than-pretty credit to iffy…
Over on SecondShelters.com, our Miami correspondent, Andrea Kavanagh tells us the South Florida market is sizzling — just what I heard at NAREE. It’s from foreigner’s buying up Miami real estate with hard, cold cash. Speaking of cash, Versace said “money was not just no object, it was irrelevant” when he built his waterside mansion…
