Long Islanders applying for a mortgage are making a decision that can affect their monthly expenses for years to come, making it critical to find the best rate. But since mortgage rates rose in 2022, borrowers’ costs have increased significantly. The monthly cost of a $500,000 mortgage, excluding taxes and insurance, increased 51% in the
Matthew MacFarland and Amanda Han are full-time CPAs and part-time real estate investors.Courtesy of Matthew MacFarland and Amanda Han CPAs Amanda Han and Matthew MacFarland lost about $50,000 each in a failed real estate deal. They invested in a real estate syndication without conducting proper due diligence. It didn’t deter them from these deals, which
A Cherry Creek hotel and social club is now owned by a firm that had lent money to it and that already has another hotel in the neighborhood. The Clayton Hotel & Members Club at 233 Clayton St., which operates under a 99-year ground lease struck in 2017, was transferred earlier this month to an LLC
Why bother with a mortgage when you have billions of dollars? Why even fill out a loan application for that matter when you can simply pay cash for any home on the market? Well, that’s probably why Jay-Z and Beyoncé’s decision to take on not one but two mortgages on their $88 million Bel Air
Listen to this article At a glance: 30-year mortgage rate at 6.58 percent, lowest since October Refinance applications surge 23 percent, strongest since April ARM applications jump 25 percent to highest level since 2022 Economists expect rates to stay above 6 percent this year The average rate for a 30-year U.S. mortgage has fallen to
Americans can use crypto to secure a home loan under new Trump rule Homebuyers in the U.S. will soon be able use cryptocurrency to secure a mortgage under a new Trump administration order. Straight Arrow News Currently, both Fannie Mae and Freddie Mac require cryptocurrency to be converted to USD for use in mortgage transactions.
6 terms to know before you start house hunting In the housing market, here are some terms to know before you jump in and get your heart set on a dream home. For more information, visit the Federal Trade Commission website, FTC.gov. Capitol Federal Savings Bank is shifting its focus from home mortgages to commercial
Trump signs the Executive order allowing investment in crypto, and more digital asssets (Photo by Ron Sachs – Pool/Getty Images) Getty Images I was waiting for this moment when Trump signed the order to allow 401(k)s to invest in crypto, private equity, and real estate. Why? In Q1 2025 Americans were holding approximately $8.7 trillion
(InvestigateTV) — Uncertainty in the real estate market and high mortgage rates are making homebuying a challenge for many Americans. Bank of America’s latest survey found 60 percent of potential and current homebuyers are unsure whether now is the right time to buy. But more than half – 52 percent – said conditions are better
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. If you remember 2008, chances are you also remember the fear. Home values were collapsing. Borrowers were defaulting. The phrase “underwater mortgage” was everywhere. But fast forward to 2012, and Warren Buffett was telling CNBC viewers something no