On Behalf of Tunnell & Raysor, P.A. | Sep 2, 2015 | Residential Real Estate
Delaware residents may recall how some media outlets compared the 2014 purchase of the Waldorf Astoria Hotel in New York City by a Chinese investment group with the buying of iconic Manhattan real estate by Japanese companies in the 1980s. Japanese investors quickly...
On Behalf of Tunnell & Raysor, P.A. | Aug 18, 2015 | Mortgages
Homeowners in Delaware who are thinking about taking out a reverse mortgage home loan may have a few different options available to them. The most popular reverse mortgage loan is the home equity conversion mortgage, or HECM. This type of loan tends to have the lowest...
On Behalf of Tunnell & Raysor, P.A. | Aug 6, 2015 | Mortgages
People who are planning to purchase homes in Delaware may be pleased to learn that mortgage rates are at historically low levels. On July 30, the Federal Home Loan Mortgage Corporation, also known as Freddie Mac, released a report about mortgage rates called the...
On Behalf of Tunnell & Raysor, P.A. | Jul 23, 2015 | Mortgages
Many people in Delaware paying more than they have to for their home mortgage, according to a report from Black Knight Financial Services. The report looked at data from May 2015 and found that 6.5 million mortgage borrowers could qualify for lower mortgage payments...
On Behalf of Tunnell & Raysor, P.A. | Jul 8, 2015 | Real Estate Transactions
Delaware homeowners who are dealing with financial challenges may face the need to decide how to deal with a mortgage that is not manageable. Some financial institutions may consider working through situations to allow homeowners the opportunity to bring their loans...
On Behalf of Tunnell & Raysor, P.A. | Jun 23, 2015 | Real Estate Transactions
A new dimension to the classic real estate transaction and funding will soon be available courtesy of SEC rule changes. Delaware residents who have traditionally found participation in commercial real estate investments out of their reach are being given the chance to...
On Behalf of Tunnell & Raysor, P.A. | Jun 11, 2015 | Mortgages
Reverse mortgages offer a number of potential benefits for homeowners. Some wealth managers claim that by allowing senior citizens to generate supplementary income, these loans may be able to supplant traditional investment alternatives, like home equity lines of...
On Behalf of Tunnell & Raysor, P.A. | May 29, 2015 | Mortgages
People in Delaware who are in the market for a new home may be happy to learn that mortgage rates have been going down nationwide. After average long-term mortgage rates rose for three weeks in a row, they went down at the end of May. On May 21, Freddie Mac reported...
On Behalf of Tunnell & Raysor, P.A. | May 13, 2015 | Mortgages
There are several things that can happen that may lead to problems with a mortgage at the last minute when a person is trying to purchase real estate. It is important that people who are interested in engaging in a real estate transaction understand the issues that...
On Behalf of Tunnell & Raysor, P.A. | May 1, 2015 | Mortgages
Delaware residents might be interested in learning more about different strategies homeowners have successfully employed to obtain a more favorable deal on their mortgage. Acquiring a mortgage to purchase or refinance a home is typically the biggest financial decision...
