You can buy your new home before you sell your old one

Buy Before You Sell. Too Risky Right? Wrong! Common Home Owner Myth: I can’t buy a “new” house without first selling my “old” one. That is the way it is supposed work…right? You can’t have a new house without getting rid of the “old” one. Not so. Take for example, the story of one of our clients. They had a house (beautiful house, worth about $600,000) and had no intention of leaving. However, one day this house in their neighborhood went on the market. You know the house. It is the one where every time you go by, you wish it was yours. Unfortunately, this house would never be for sale. Out of the blue, the unbelievable happens: the house goes up for sale. Now most would call this a stroke of luck, then it would dawn on them... “We can’t have that house. Obviously, something unforeseen as happened, and they’ll want a quick sale. Waiting for us to sell our house first, won’t be acceptable to them. I guess we are out of luck.” Luckily, this client called us to structure a safe way for him to get his dream home today, buy some time to get his “old” house sold, make both homes affordable during the marketing period, and leave him the exact same long term financing on the “new” home he otherwise would have had. Now that’s a tall order! But we did it. And, so can you! Here are 2 ways to buy a new house without selling your “old” one first. Pull the equity out of your existing house using a Home Equity Line of Credit or a 2nd mortgage. If you could snap your fingers and sell your home, this would be what you’d use to buy the “new” home anyway. So just get it out now. Now, reserve enough of this money to make your “old” house payment for 6-12 months. Your house will take this long to market and with the money set aside you won’t be tempted to take a low-ball offer. Use the remainder as down payment and get your new first mortgage to complete the purchase. When the “old” house sells, both mortgages are liquidated and you are left with one house and one mortgage…the exact same situation you’d have had if you sold your “old” home before you bought the “new” one. But you accomplished it without the wait and the missed opportunity! Another way to achieve the same result minus the “old” house payment reserve is to use an 80% first mortgage and a 20% 2nd mortgage also called 100% financing, to buy the new house. You won’t have to put any money down and when your “old” house sells, you use the proceeds to pay off the 2nd. The only difference is you don’t get any “extra” money to use to offset two house payments during the marketing period. Many of you, have existing lines of credit or other sources, so this may not be necessary. Both scenarios leave you with great permanent financing on the new house. The 80/20 or 100% financing scenario costs a little more in discount points than a traditional structure, but it’s only to the costs and not the rate. Refer to our website to learn more about 100% financing in our free report called, “Buy With Zero Down!”. The biggest hurdles you’ll need to clear are 1) making two housing payments and 2) getting loan approval with two housing payments. Here’s how you do both: When you pull the money from your existing house, reserve enough to cover up to 12 months mortgage payments for the “old” house while it is on the market. That way you don’t have to come out of pocket for the payment. Gee, that was easy! Hurdle 1 cleared! Since most loans are approved through a computer these days, you’ll need a mortgage broker who knows how to use the automated approval computer systems that FNMA and other agencies and lenders use. These approval systems are a Godsend when it comes to creative financing in today’s modern mortgage arena. It may seem strange to you, but to the computer, your financial picture and your need for financing, are simply numbers. It doesn’t care that some of those numbers include 2 housing payments. The new systems are allowing many of our clients an approval with abnormally high debt ratios, sometimes as high as 60%! This is very prevalent, especially with clients who have strong credit and assets after closing…like a 401K. This is your window for approval. Now, you know you’ll not be spending 60% of your income on debt, because you put the money aside in Step 1 to cover the “old” house payment, but the computer doesn’t know that or care. If done right, you’ll get the approval even with very high debt ratios. Note: Beware! Don’t let an unscrupulous mortgage broker get you to commit mortgage fraud just so you can buy before you sell. Stick with our plan. If you get approved fine. If you don’t, live with it. One way they’d break the rules to get you approved is to “doctor up” a lease agreement on your “old” home to offset the payment and show the computer a lower debt ratio. Don’t do it…it’s a Federal crime! How do you start? 1) Get approved through the computer system 2) If you need to pull equity out of existing house; start it now 3) Write offer on new house 4) When offer is accepted, put existing house up for sale; not before At Integrity First Mortgage, we use these strategies to get our clients into houses every day. So don’t worry. It is ok to step out of the box sometimes and put away some of the outdated concepts about financing a house. Lastly, don’t forget you can net a lot more for your “old” home with our revolutionary way to sell your house without paying a real estate commission, (6% commission on a 600,000 house is $36,000!). Look below in my resource box for more information. Happy House Hunting!

Lancaster cebu resort residences expands condotel operations

Beth Collingz, International Marketing Director of PLC Global an internet based sales and marketing company and lead marketing partners with Pacific Concord Properties, Inc., for the Lancaster Brand of Condotels in the Philippines, recently announced the company has acquired by purchase an additional 27 units in its Lancaster Cebu Condotel adding another 75M pesos to its project inventory and expansion program. This brings the number of properties held in the development to 75 suites with another 120 units to be added before year end for Condo Hotel rental operations. Property is all about LOCATION said Collingz. Mactan, Cebu, provides one with both the laid back pace of provincial living, as well as prerequisites of the urban dweller. Schools, hospitals, restaurants, shopping malls, and leisure are all found on the island itself. Lancaster Cebu Resort Residences, located a mere 3 minutes from Mactan-Cebu International Airport, provides you with easy access to all the essentials of urban living. This ideal location will complement the Condotel operation since Lancaster Cebu will function as a condominium hotel a preferred accommodation choice of businessmen and holiday travelers alike. Clients can either purchase Condotel Suites for investment purposes or lease the units on weekly, monthly or yearly basis. We have Fully Furnished Executive Studio Suite and Two-Bedroom Suites available for sale at Lancaster Cebu Resort Residences at Pre-Increase Prices that will be Ready For Occupancy from September 2007 at the current price said Collingz. Fully furnished Studio Suites are priced at - Pph-2,753,924.06 and may be purchased with initial Reservation Fee - Pph-100,000.00 Balance Payable without interest over 24 consecutive equal monthly payments of - Pph-110,580.17 [Tax Inclusive]. Alternatively Save - Pph-106,156.96 by making Reservation [-Pph-100,000.00] then within 30 days 40% Net Down Payment of - Pph-955,412.70 with resulting Balance payable without interest over 24 consecutive equal monthly payments - Pph-66,348.10. Another option, Pay Cash and take 10% discount [Save - Pph-275,392.40] Pay the Reservation Now [-Pph-100,000.00] and the Cash Balance within 30 days [-Pph-2,378,531.66] for an Effective Total Cash Price of - Pph-2,478,531.66. This Suite many also be purchased on Five Year Payment Terms through our no qualification In-House Finance with 15% Down Payment. Whilst, fully furnished 2 BR Loft Type Suites are priced at - Pph-5,467,004.14 and may also be purchased with an initial Reservation Fee of only - Pph-100,000.00 with the Balance Payable without interest over 24 consecutive equal monthly payments of - Pph-223,625.18 Tax Inclusive. Alternatively Save - Pph-214,680.16 by making the Reservation - Pph-100,000.00 then within 30 days 40% Net Down Payment of - Pph-1,932,121.50 and resulting Balance payable without interest over 24 consecutive equal monthly payments - Pph-134,175.10. Another option, Pay Cash take 10% discount [Save - Pph-546,700.41] Pay the Reservation Now [-Pph-100,000.00] and Balance within 30 days [-Pph-4,820,303.73] for an Effective Total Cash Price of - Pph-4,920,303.73. These Two Bedroom Fully Furnished Suites many also be purchased on Five Year Payment Terms through our no qualification In-House Finance Available with 15% Down Payment. Collingz said Lancaster Cebu Resort Residences is also offering Studio and 2-Bedroom Fully Furnished "Ready for Occupancy" Suites on daily, weekly, monthly or yearly lease rental terms. Whilst some renovation works are still ongoing within the complex, unit rentals are now available to guests at 'Special Promo Rates'. Cebu City is the acknowledged gateway and Queen City of the South. Cebu is the most important trading and commercial hub outside of Metro Manila. Mactan Cebu International Airport assures the arrival of a steady stream of international flights from Amsterdam, Frankfurt, Singapore, Hong Kong, Tokyo, Kota Kinabalu, Seoul and Qatar. There are also chartered flights from Incheon, Taipei, Kansai, Nagoya and Kiaoshung that arrive on a weekly basis. Cebu is identified by Asiaweek and Conde Nast Traveller as one of Asia’s Best Cities

Apartment locators

When you do a search on a Search Engine for "apartments" you are going to come across two types of Website resources; apartment locator sites and apartment database sites. Which is the best for you? Well, that depends on what your needs and circumstances dictate. It also has a great deal to do with your privacy comfort level. The Apartment Locator Site: If you are relocating to an area of the country that is totally new for you, someplace where you are unfamiliar with neighborhoods, schools, job centers, transportation, etc., then the apartment locator may be your best choice. These folks respond to your query by making telephone contact with you. You will describe your circumstances, needs, budget and other preferences. The apartment locator is usually extremely knowledgeable about the area and the local rental market. They will be quite helpful in finding you rental accommodations that suit your particular needs. In most cases, this will be a totally free service. The apartment locator is normally paid a commission or “finder’s fee” from the landlord or rental agent. With regard to your privacy, however, keep in mind that you are required to share your telephone number with the apartment locator and be open to the idea of personal contact. You need to decide if, or how much, that is acceptable to your sense of privacy. The Apartment Database Site: Unlike apartment locators, apartment database sites offer a broad selection of on-line apartment listings. They give you intricate descriptions of apartment complexes including, but not limited to, maps, amenities, rent ranges, contact information, etc. Pictures of the apartment units, inside and out, are usually included. An excellent amount of data helps you decide if any particular rental unit meets your needs and satisfaction. When you are moving to an apartment that is located within your present living area or when you are relocating to an area that you are totally familiar with, an apartment database site might be the one for you. Most require a simple registration process which usually asks for name and email address. You need not submit your telephone number and you will not be contacted personally by anyone. Like the apartment locator, most apartment database sites are free to you. Sometimes you are even offered a bonus of $100.00 or more if you list their site as your referring source when you sign your apartment lease. So, which is better for you, the apartment locator site or the apartment database site? The answer to that question is answered by your own unique needs, desires, situation and limits of personal privacy. Good luck on your apartment search and good luck in your new apartment.

Living the good life in dallas apartments

A roof over the head is one of the basic necessities for everyone. Unlike buying a house, that may take years of planning to materialize, renting is an affordable option and enables you to live in a beautiful home. That is, if you can find a beautiful home to call yours! Finding an apartment for rent that suits your tastes is often not an easy task. It is quite a difficult proposition and also a time and effort consuming exercise. But if you are looking for apartments, Town homes or Condos in the Dallas, Texas and suburbs area, your worries can now be laid to rest. We at Rent Dallas Apartments help you to find your dream home. Dallas apartment rentals are not always very easy to find. Hunting for an apartment can be a painfully long process. Now, we take the hassle out of your apartment hunting experience by making it easy for you to find the house you have in mind. Our apartment rental service is designed to save you both, time and money. We offer free apartment finding service for Dallas apartments. Whatever type of house you may have in mind, we help you find it easily and quickly. Whether looking for a large apartment, townhouse or even for apartment sharing, if you are single, we give you the best deals. We maintain database of thousands of Dallas apartments for rent. You can either check out all apartment listings or fill in a small form with your own specific requirements. Once you give us your requirements, we find out suitable Dallas apartments with our Dallas apartment locator and develop a list of apartments that meet your needs. Our apartment specialists know where the best Dallas apartments are located and they will find you the best prices. You can also browse through the Dallas apartment reviews, which will give you much more information on specific Dallas apartments for rent. Although we offer free Dallas apartment rentals search services, rest assured that our service in no way increases your apartment rental rate. We make renting Dallas apartments a breeze. We can help you find the best Dallas apartment rentals. All you need to do is, sit back and relax while we research the best apartments in Dallas for the best prices. Browse through the list of Dallas apartments from your home or office, read the reviews and then decide. We help you move in to a beautiful home, without going through all the home-hunting hassles.

Homestead real estate the redlands

Situated in between Biscayne National Park and Everglades National Park, Homestead is a city in Miami-Dade County in Florida. It lays to the north of Florida City and along with the latter form the greater Homestead-Florida City area. The city's name has an interesting history and is derived from a path by the name of "Homesteader's Trail", that was the only means to reach the place. It is a small sized city with a comparatively large population of 54,000 people. This is the last city south before reaching the Florida Keys. The Redlands are Homestead's premiere home development where in some places only one house is allowed to be built in a five acres lot. The city has a total area of about 14.3 mi sq. Homestead has a humid subtropical climate and reminds one of the climates that is existent in Miami and the rest of the South Florida Metropolitan area. Summers are extremely humid and hot with high temperatures while winters are mild and even cool when compared to nearby coastal regions. History bears witness to the fact that hurricanes have harmed the place the most. Hurricane Andrew was the last major hurricane that hit the area and Homestead took more than five years to completely recuperate. The place also came in way of Hurricane Katrina and Hurricane Wilma but they did not deal a major blow. The oldest city in Miami-Dade County has a well developed education system and lies within the Miami-Dade County Public Schools district. There are a number of elementary and middle schools and two famous charter schools in the form of Keys Gate Charter School and Waterstone Charter School. Miami-Dade College is located in this city . There is a huge amount of undeveloped land in this city. The most famous farms are owned and operated by Manuel Diaz. The city of Homestead has many major attractions which are especially popular with tourists. Biscayne National Park, Everglades Alligator Farm, Fruit and Spice Park and Homestead Rodeo are some sites of interest. The Biscayne National Park is famous for its scuba diving and snorkeling options and is a must - visit site for tourists. A botanical garden spread over an area of 32 acres, the Fruit and Spice Park is one of the greatest attractions in Homestead containing over 500 varieties of fruit, nut and spice trees. Another renowned tourist attraction in Homestead is the Monkey Jungle that has stood since 1933 and contains 400 primates of 30 different species. The economy of Homestead some time ago was thriving since it was a major steel producer in the United States. During the 1980's this stature of Homestead deteriorated fast as most of the steel companies went overseas. The situation further worsened after Hurricane Andrew in 1992 swept away much of the commercial center of the city. The real estate market in Homestead is again picking up and prices are increasingly becoming more competitive. More than 50% of the real estate in Homestead is owner occupied and about 40% are rented units. The market was very robust recently and thousands of new construction homes were built but now it has cooled. The Redlands and Nob Hill are among the more exclusive places to live in Homestead. Average price of a single family home is $271,000 and the average home age is 22 years. Homestead real estate will rebound again in 2008.

How you see the problem is the problem

No real estate investor ever gets beyond the reach of problems. Every investor faces personal and professional problems. The problems come in all shapes and sizes. They can be business-related, financial, physical, or emotional. Although no one escapes problems, your perception of the problem will determine your response to the problem. Unfortunately, no one has a magical formula to deal with them. You can, however, implement certain principles to help you succeed. At first blush, these principles may seem over simplified, but don’t underestimate their power. If you choose to use them, you’ll reap a harvest of achievement that will far surpass your efforts. Here’s five ways to solve your problems. 1. Be Responsible. When something goes wrong, when you have a problem, it is only natural to think immediately of who made it go wrong, who is to blame for the problem. Most often this makes the problem worse. The person blamed, in order to exonerate himself or herself, promptly finds someone else to lay the blame on or with whom to share the responsibility for failure. It frequently turns into a shouting match of exchanged accusations. "It's all your fault.... "You did....." "Yes, but you said....." All too familiar dialogue, isn’t it? Don’t blame your problem on others. Accept responsibility for your actions. It’s not what happens to you that matters. It’s your response to what happens to you that matters. The consequences of your actions and choices are yours. Choose wisely. 2. Be Proactive. The worst thing you can do when dealing with a problem is nothing! The world is full of people with great intentions. Take action. Successful investors are not necessarily those who make the right decisions all the time when trying to solve a problem. No one can do that. But once you have made a decision to do something, you will begin to attract the people and things you need to conquer your problem. Your ability to attract the people and things with the right solution may not make sense to some of you. Honestly, I don’t fully understand it myself, but it works for me and it will work for you. I really don’t understand how a black cow can eat green grass, and produce white milk and yellow butter, but it happens. I don’t understand how it happens, but that doesn’t keep me from having butter - and I have the waistline to prove it. So don’t let your lack of understanding sabotage your willingness to solve the problem. Take action. 3. Re-Act. Take charge over your inner-voice. Something in all of us wants to do what's convenient rather than what's necessary. It’s easier and so natural to be negative rather than positive. The voice inside you will tell you why you can't solve your problem and why you don't deserve to solve it. You cannot solve your problem without some change in your perception of the problem. So how do you change your perception? Change your thinking and change how you act. As simple as it sounds, changing your attitude toward the problem will change your perception of the problem. A change in your perception will trigger a change in how you act. So you will solve your problem by re-acting. That is, acting differently. In a positive way, of course. 4. Believe in yourself. Sometimes you are your own biggest problem, when you allow your fears and self-doubt to stand in the way of your success. A critical step to conquering a problem is to realize that the answer lies within you. Maturity and experience will give you the confidence that you can overcome any impediment. Problems are an asset Problems are character builders. Improvements I’ve made in my life and in my business were the result of problems. 5. Wear Your Knees Out. If there were one sustainable remedy I could offer you when the going gets tough, it would be prayer. Many people, depending on their faith, might call it meditation. It doesn’t matter to me what you call it, as long as you have a place to run to. Mahatma Gandhi said, “Religions are crossroads converging upon the point.” Well, I don’t often discuss religion, and I don’t know what works for you; but Christianity is the way I know. However, I am sensitive enough to respect your faith. My whole point is that when everything else fails, prayer works! A problem can become your breaking point if you let it become the one thing that defeats you. Alternatively, a problem can become your turning point if you choose to take action to defeat the problem. You will never realize what heights you can reach in real estate investing or in your life until you stop blaming reality for what happens to you as you go through it. Thomas Paine said, “The harder the conflict, the more glorious the triumph. What we obtain too cheaply, we esteem too lightly; 'Tis dearness only that gives everything its value.” In the thick of the fight to overcome a problem, you may not believe it, but the more problems you conquer, the easier the process becomes. Your confidence will be self-perpetuating, and you may come to believe you can conquer a whole range of “mountains.”