Monday, August 29, 2005

Hispanic Business - Low-rate Home Loans Elude Hispanics

Hispanic Business - Low-rate Home Loans Elude Hispanics: "Hispanics also struggled to get market-rate home purchase loans last year.

The largest lenders charged Hispanics a high interest rate more than twice as often as whites, the Charlotte Observer found.

Disparities were largest in California and the Southwes and the Northeast.

Hispanics encounter some of the same barriers as African Americans. Studies show they can face discrimination; on average they are more likely to have financial problems; and they are less knowledgeable about the home-buying process. "
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Expensive Homes In Affluent Burbs Part Of Foreclosure Surge

NewsNet5.com - Money - Expensive Homes In Affluent Burbs Part Of Foreclosure Surge: "CLEVELAND -- Expensive homes in Cleveland's affluent suburbs are an unlikely part of a surge of foreclosure lawsuits in Cuyahoga County.
The number of suburban property owners dragged into court last year after falling behind on their bills hit a five-year high."
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Foreclosures on homes in affluent Cleveland suburbs up substantially | wkyc.com

Foreclosures on homes in affluent Cleveland suburbs up substantially | wkyc.com: "CLEVELAND -- Expensive homes in Cleveland�s affluent suburbs are an unlikely part of a surge of foreclosure lawsuits in Cuyahoga County.
The number of suburban property owners dragged into court last year after falling behind on their bills hit a five-year high.
Foreclosures against property owners in Cleveland�s outer ring of suburbs have soared by 76 percent since 2000. "
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Charlotte Observer | 08/28/2005 | Tips | Getting the best loan

Charlotte Observer | 08/28/2005 | Tips | Getting the best loan: "Get educated about the mortgage lending process. You can find information, including housing counselors in your area, through the Web site of the Department of Housing and Urban Development: http://www.hud.gov/buying, or by calling (800) 569-4287. Several groups offer home buying classes in the Charlotte area, including the Urban League of Central Carolinas. Call (704) 373-2256, ext. 206.
1. Start early
Several months before you plan to start looking for a home, visit a local bank or credit union. Ask if you qualify for a market-rate loan. If not, ask how you can improve your financial profile. Most people can qualify for a market-rate loan by taking a few months to pay debts or save toward a larger down payment."
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Home price appreciation higher this year - Denver - MSNBC.com

Home price appreciation higher this year - Denver - MSNBC.com: "This year, metro-area homes appear to have something they didn't in 2004: appreciation.
Many real estate agents and other market watchers predict the overall housing market will appreciate more than 3 percent by year end. "
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Sales explode for $500,000+ luxury homes

Sales explode for $500,000+ luxury homes - Orlando - MSNBC.com: "Buyers just cannot get enough of Central Florida's luxury home market.
Although the number of existing home sales has been stabilizing or even decreasing throughout the year, new figures show sales of luxury homes priced at $500,000 or more are skyrocketing. "
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