What Type of Loan Is Needed to Purchase Land? #what #are #the #mortgage #rates #today


#land mortgage

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What Type of Loan Is Needed to Purchase Land?

Loans to purchase land require extensive preparation on the part of the buyer.

When you see a piece of land that you want to build on but you don t have the cash to purchase the parcel outright, there are a variety of loan options available to help finance your plans. Arm yourself with the appropriate surveys and appraisals and be aware of various costs associated with a land purchase before shopping for a loan.

Seller Financing

Financing from the seller is the most common avenue used for land purchases. Be prepared to offer a down payment of 20 to 50 percent. Loan terms are all negotiable, including length of note, interest rate, payment schedule and balloon payments. You have the most control with seller financing if the owner wants to unload the property.

Institutional Financing

Large banks and mortgage institutions may agree to loan against land if your loan application shows you’ve done your homework. Prepare a concept package showing your vision and how you expect to pay back the loan once development has occurred. Additional collateral guaranteeing the loan may be required, and the interest rate might be higher than the market reflects for home financing.

Local Bank or Credit Union

If your land is located in an area serviced by a local bank, not a branch of a nationwide institution, your chances of securing a loan are improved. Understanding the market, the potential uses of the land, and the climate of the community regarding future growth are all business indicators for the bank, and they’ll know if the risk of making a loan to purchase land is viable.

Land Loan

If you want to build a house on the land, approach the lender for a land loan. Certain banks offer terms that are better than construction loans for the period of construction and then wrap both loans into a mortgage once the building is complete. Have your building plans outlined along with the costs so the lender can evaluate his risk as well as your capabilities.

Home Equity Loan

If the equity in your home or other properties is high enough, consider taking out a home equity loan to purchase the land. Interest on this type of loan is tax deductible. This option allows you to pay cash for the land and puts you in a better position when applying for a construction loan.


Cell Phone Number Database, SMS Text Marketing List #cell #phone #list, #cell #phone #numbers, #canadian,


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$295 For Any Area Code! $7995 For All US Area Codes!

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Consider our database a “Master List” of every mobile cellular number that currently exists. Our in house experts are constantly maintaining and updating our mobile lists on a daily basis. Our goal is to provide our clients with the most accurate, complete and up to date mobile database anywhere!

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Since most businesses don�t have a mobile marketing strategy, or a mobile subscriber base, or a mobile delivery platform, the CPL Bulk SMS Sender is the perfect solution. It’s been designed to provide a simple and cost effective way for our clients to substantially increase their daily leads and sales productivity. There are No Per Message Costs or Monthly Fees! For more information about the Bulk SMS Sender Click Here .

The CPL Ringless Voicemail Drop Platform

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Compare Auto Insurance Online, Low Cost Auto Insurance California – 2AutoInsurance #free #auto #insurance #quotes,


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Motorcycles. Scooters, ATV s Choose from multiple A+ carriers to get the best possible rate for your bike or ATV.

Homeowners Insurance

Homeowner, Landlord. Dwelling Only Get the right coverage for your needs. 2autoinsurance also provides quotes for Homeowners. Dwelling only and Landlord risks. Now available for investors looking to save money. American Modern offers a 10+ policy with General Liability which allows you to place 10 or more home on a single policy for a fraction of what you would pay separately. Find out more today.

Business Insurance

General Liability. BOP. Commercial Property, Workers Comp Cover your business the right way. Speak to one of our qualified representatives to see what coverages are right for your company. With more than 10 carriers to choose from we will get you the price you deserve.

Health Insurance

Business. Family and Individual Finding an affordable coverage for health insurance can be a bit difficult. Speak to one of our highly trained professionals to see what packages are best for you.

Condo and Renter’s Insurance

HO6 and HO4 Find the most affordable condo and renters coverages with 5 of the best companies in the business.

Automobile Insurance

Personal and Commercial Auto Insurance with our easy to use price comparison tool. You can easily compare and choose from multiple insurance companies with a few simple steps. Choose from up to 20 different programs and carriers.

Life Insurance

Protect the Ones You Love Selecting the right amount of coverage for you and your family is very important. Our trained professionals are here to help you with the process. Speak to a licensed agent today to see what options are available.

Insurance Quotes For All Types Of Insurance.

2autoinsurance.com not only specializes in auto insurance but represents a number a great carries for all types of insurance.

Feel free to contact us directly to go over your insurance needs. We are here to provide you with the best possible advise and guidance. We pride ourselves in being the best at what we do. 2autoinsurance.com a sub company of Auto Solutions Insurance Services has been providing professional services to our clients since 1999.

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Mortgage Rates for Purchase #underwater #mortgage #help


#ny mortgage rates

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Product offerings and features may differ among geographic locations. With your ZIP code, we can make sure you see accurate information.

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Mortgage Rates for Purchase

* Payments shown do not include amounts for taxes and insurance. Actual payment obligation will be greater. For adjustable rate loans, after the initial period, rates and payments are based on today’s index plus a margin. For interest only loans, the initial payments do not include principal.

Rates shown are not available in all states

  • Conforming loan amounts of $200,000 to $249,999 .
  • Single family residence.
  • Purchase loan.
  • Down payment of 20%.
  • Mortgage rate lock period of 60 days.
  • Customer profile with excellent credit.

These assumptions are subject to change without notice. Rate, points and APR may be adjusted based on several factors including, but not limited to, state of property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value and your credit score. Your final rate and points may be higher or lower than those quoted based on information relating to these factors, which may be determined after you apply.

** The annual percentage rate (APR), is the cost of credit over the term of the loan expressed as an annual rate. The APR shown here is based on the interest rates and points only and does not take into account other loan specific finance charges you may be required to pay.


Web Based Inventory Management Software #purchase #order #management #software, #vendor #management #software, #accounts #management #software,


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Nissi Infraconsoft is a web based Road and Construction Management software. Infraconsoft has all the modules for taking care

Nissi Chef Coffee is a web based Restaurant Management software which will help you in managing your inventory and kitchen managements

Nissi Webstockman is a web based inventory and stock management system. Webstockman is well suited for all kind of business houses

This software is also can be called as follows:-

  • Web inventory management software
  • Multiple location offices management software
  • Vendor management software
  • Stores management software
  • Web based stores management software
  • Chain stores management software
  • Godown management software
  • Warehouse management software
  • Chain retail outlet software
  • Stockyard management software
  • business management software,
  • business billing software.

This software is suitable for following companies:-

  • Chain stores/offices
  • Offices located in various countries
  • Companies having godowns in various parts of country
  • Multiple warehouse – companies
  • Multiple location offices management software
  • Companies managing multiple vendors at multiple locations
  • Chain retail outlets
  • Companies having stockyard In multiple locations.

Why Nissi Web based Inventory Management System?

  • With one – click you can generate the reports on the stock summary, stock transfers and stock issues, purchases, sales etc.
  • Web based inventory records tells you where you stand on your business through the Stock Level, Purchases and sales. It will help you grow you business with precise information.
  • With the help of web based inventory you can reduce the warehouse costs and concentrate more on your core business activities.
  • Our Web based inventory management systems helps you sending your important business notifications through SMS and Emails.
  • Alerts for reorder levels and serial number tracking will help you in having a great control over your stocks because maintaining the right stock level is very important in business.
  • With our web based inventory systems you can stop the wastage of money in over stocking and you can even identify the more and less selling items.
  • Our web based inventory systems use First in First out method and it also helps you in accurate accounting and profit reporting.
  • There will no chance for the human errors and stock thefts which affects you business.

Small Business Online Inventory Control Software – Payroll Management Software India


September 2016 Mortgage Rates (Purchase – Refinance) #national #mortgage #news


#mortgage rates fha

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September 2016 Mortgage Rates (Purchase Refinance)

Mortgage Rates Forecast For August 2016

Nine months into 2016, and mortgage rates are making a monkey out of Wall Street predictions.

According to Freddie Mac’s weekly mortgage rate survey, 30-year mortgage rates are holding low, closing last month at 3.46%, on average, nationwide.

30-year mortgage rates are down more than 50 basis points (0.50%) since the start of the year. 15-year mortgage rates are down by a similar amount.

If you purchased a home within the last year, or if your mortgage is more than a few years old, you could possibly benefit from a refinance.

More than 8.7 million U.S. homeowners are potentially eligible to refinance. And, if you’re buying a home, it’s a good time to be looking.

Because of how mortgage rates have dropped, if you could afford a $400,000 home in December, today, you can afford a home for $427,000 — an increase of 7% to your purchasing power.

It’s a good time to take a look at today’s low rates.

30-Year Mortgage Rates Average 3.46%

The average conventional 30-year fixed rate mortgage is 3.46%, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).

The Freddie Mac rate is available to “prime” borrowers paying an accompanying 0.5 discount points at closing.

Discount points are a one-time loan cost, where one discount point carries a cost equal to one percent of your first mortgage loan size amount.

For example, 1 discount point on a Miami, Florida loan at the mortgage loan limit of $417,000 would carry a cost of $4,170 to be paid at closing.

Discount points, which are typically tax-deductible, can be paid with cash or they can be added to your loan size for you.

Note, though, that Freddie Mac’s weekly mortgage interest rate survey applies to conforming loans and conventional mortgage rates only. FHA mortgage rates and VA mortgage rates are not surveyed as part of the report; nor are mortgage rates for USDA loans.

Rates for these other loan types are even lower.

All of this makes it easier for today’s refinancing homeowners to qualify for streamlined loans such as the FHA Streamline Refinance, the VA Streamline Refinance, and the USDA Streamline Refinance.

Streamlined refinance loans can close in as few as 30 days because of reduced paperwork requirements and appraisal waivers. Streamlined refinances are simpler for banks to underwrite and approve.

Mortgage Rates For September 2016

Today’s mortgage rates are well-entrenched in the 3s — and some borrowers report getting rates in the twos. Yes, really.

Loans now cost just $447 monthly for every $100,000 borrowed, excluding escrows for taxes and insurance ; and, private mortgage insurance (PMI), where applicable.

It should be noted, though, that, although mortgage rates are low today, they may not stay low for long. Mortgage rates change quickly with the economy, and with shifts in market sentiment.

Mortgage-backed securities (MBS) — the Wall Street asset upon which mortgage rates are “made” — have been erratic of late, which has rates on shaky ground.

MBS pricing is currently responding to influences on the economy, including the Federal Reserve’s monetary policy, the jobs market, and developments in nations abroad (e.g.; Great Britain).

Mortgage rates have been below 3.5% for 10 straight weeks, which is the first time that’s happened in history. In September, though, mortgage rates could trend higher; or, shoppers may find rates retreating even lower.

Your luck with the month’s mortgage rates will be part-economy, part-psychology, and part good fortune.

Here are some stories of the most relevant stories to watch.

What’s Going On With Jobs?

Last month, the Non-Farm Payrolls report showed 151,000 net new jobs added to the economy. This was less than economists expected.

Meanwhile, more than 14 million jobs have been added in the economy since 2010 and the unemployment rate has dropped below 5.0 percent. Wage growth appears to have stalled, however.

This is important.

Stagnating wages tend to stagnate consumer spending, which can stave off inflation. Inflation works against low mortgage rates.

Lack of inflation, therefore, can work in favor of lower mortgage rates.

This is why most recent release of the Non-Farm Payrolls report has relevance to today’s mortgage rate shopper — the report gave little reason for mortgage rates to jump in the coming weeks.

The Federal Reserve meets later this month. It’s unlikely that the group will change its monetary policy or forecast, given recent data. That, too, should help to keep mortgage rates down.

Are Inflation Pressures Climbing?

Inflation rates are another influence on today’s consumer rates. As inflation rates rise, the Fed is more inclined to raise the Fed Funds Rate, which can cause mortgage rates to move.

Inflation is the enemy of low mortgage rates.

Inflation works against low rates because inflation is the literal devaluing of the U.S. dollar. This, in turn, devalues everything denominated in U.S. dollars — including mortgage-backed bonds.

When inflation pressures grow, mortgage rates often rise.

Since 2012, inflation rates have been stable but beneath the Federal Reserve’s target rate of two percent — sometimes, stubbornly. When inflation rates run too low for too long, disinflation can occur.

Disinflation, which is more commonly called “deflation “, is linked to falling mortgage rates.

Beginning in 2009, the Fed began to take steps to stimulate the economy and avoid disinflation but, to date, those efforts have yet to have their desired effect.

And now, with oil prices low and the dollar keeping value worldwide, some fear that Cost of Living indices will begin to show price drops instead of increases.

Recent data puts the annual inflation rate just above one-and-a-half percent annually.

The Fed acknowledges low inflation rates as a near-term issue, but believes that inflation rates will return to a more stable range in the medium-term.

It’s unclear how long of a period of time “medium term” is.

Expect a push-pull on inflation/disinflation forces throughout the coming weeks. Rising rates of inflation will typically cause mortgage rates to rise. Receding rates of inflation will typically lead mortgage rates lower.

If the dollar strengthens, demand for mortgage bonds is expected to increase which could actually offset the effects of an increase in the Fed Funds Rate.

Will The World Economy Lower U.S. Mortgage Rates?

Weakness in non-U.S. economies should also affect this month’s mortgage rates.

In general, as global economies weaken, U.S. mortgage rates improve. This is the result of an investing pattern known as a flight-to-quality.

“Flight-to-Quality” describes, during periods of economic or political uncertainty, the flow of money from risky assets toward safe ones. Investors seek safe assets to protect their principal investments, and to shield against loss.

This pattern is also known as safe-haven buying.

U.S. mortgage bonds are among the safest investment classes in the world. So, when war is imminent; or, when economies including the Eurozone face an uncertain future; or, when oil prices threaten tens of thousands of jobs, mortgage rates fall.

Investment in the U.S. dollar has been strong, too, which also helps mortgage interest rates to drop.

This is because mortgage rates are based on the price of mortgage-backed securities (MBS), which are priced in U.S. dollars. As the value of the dollar rises, so does the inherent value of owning MBS. This drives demand for mortgage bonds higher which leads prices up.

When bond prices rise, mortgage rates drop.

This Week’s Economic Calendar

This week, the U.S. economic calendar is thin, with close to nothing major set for release Expect for markets to be erratic, then, during the holiday-shortened week.

The complete calendar for this week reads :

  • Monday: Markets closed for Labor Day
  • Tuesday. San Francisco Fed President John Williams speaks
  • Wednesday. Kansas City Fed President Esther George speaks; PMI Services Index; Beige Book
  • Thursday. Jobless Claims; Consumer Credit
  • Friday. Boston Fed President Eric Rosengren speaks

With so little data set for release, markets will move on momentum and data coming from abroad.

Remember: Mortgage interest rates change quickly and often without notice. It’s a good, safe time to lock a low rate. Today’s mortgage rates may not last.

What Are Today’s Mortgage Rates?

Mortgage rates are currently below 3.5 percent. Home buyers have excellent purchasing power at today’s rates; and refinancing households can save more cash with a refinance.

Get today’s live mortgage rates now. Your social security number is not required to get started, and all quotes come with access to your live mortgage credit scores.

The information contained on The Mortgage Reports website is for informational purposes only and is not an advertisement for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent, or affiliates.


What Type of Loan Is Needed to Purchase Land? #fixed #rate #mortgages


#land mortgage

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What Type of Loan Is Needed to Purchase Land?

Loans to purchase land require extensive preparation on the part of the buyer.

When you see a piece of land that you want to build on but you don t have the cash to purchase the parcel outright, there are a variety of loan options available to help finance your plans. Arm yourself with the appropriate surveys and appraisals and be aware of various costs associated with a land purchase before shopping for a loan.

Seller Financing

Financing from the seller is the most common avenue used for land purchases. Be prepared to offer a down payment of 20 to 50 percent. Loan terms are all negotiable, including length of note, interest rate, payment schedule and balloon payments. You have the most control with seller financing if the owner wants to unload the property.

Institutional Financing

Large banks and mortgage institutions may agree to loan against land if your loan application shows you’ve done your homework. Prepare a concept package showing your vision and how you expect to pay back the loan once development has occurred. Additional collateral guaranteeing the loan may be required, and the interest rate might be higher than the market reflects for home financing.

Local Bank or Credit Union

If your land is located in an area serviced by a local bank, not a branch of a nationwide institution, your chances of securing a loan are improved. Understanding the market, the potential uses of the land, and the climate of the community regarding future growth are all business indicators for the bank, and they’ll know if the risk of making a loan to purchase land is viable.

Land Loan

If you want to build a house on the land, approach the lender for a land loan. Certain banks offer terms that are better than construction loans for the period of construction and then wrap both loans into a mortgage once the building is complete. Have your building plans outlined along with the costs so the lender can evaluate his risk as well as your capabilities.

Home Equity Loan

If the equity in your home or other properties is high enough, consider taking out a home equity loan to purchase the land. Interest on this type of loan is tax deductible. This option allows you to pay cash for the land and puts you in a better position when applying for a construction loan.


Ameriquest to Close; Citigroup Exercises Purchase Option on ACC Capital #american #mortgage


#ameriquest mortgage

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Ameriquest to Close; Citigroup Exercises Purchase Option on ACC Capital

Paul Jackson is publisher and CEO at HousingWire, the nation’s most influential industry news source covering the U.S. housing economy — spanning residential mortgage lending, servicing, investments and real estate operations. The company’s news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions.

Recent Articles by Paul Jackson

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Feature

In May of 2016 Airbnb had almost 1.4 listings on the site and raised its revenue projection for this year to more than $900 million. But the site impacts more than just hotel chains. As more investors, not just homeowners, use the site to rent out spare rooms — and even spare couches — it strains the supply of rental houses.

Commentary

A funny thing happened while the mortgage process became more automated. Rather than reduce human interaction, which some skeptics anticipated, automation technology is in fact having the opposite effect. It is enabling mortgage lending to become a people-first business once again.

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Kingdom Photo Booth #photo #booths #for #sale, #photo #booth #manufacturers, #purchase #a #photo #booth,photo #booth


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Welcome to Kingdom Photo Booth

Kingdom Photo Booth has lead the Special Event Photo Booth Industry since our inception in 2010. It s the booth your customers WANT to rent with its gorgeous power coated body, insane speed, video messaging and social media integration. And now Kingdom is the world s only arcade-style special event photo booth that comes with it s own amazing iPad app called KingShare.

KingShare is the ultimate companion to the Photo King Booth. After guests leave the booth, their pictures wirelessly leap to your iPad where they can view, Facebook, Twitter, Flickr, Email and/or request additional copies that will automatically print on the photo booth. The Photo King is also the ultimate coin-operated booth for fixed locations, offering the options of a bill acceptor, coin acceptor and even a credit card acceptor with remote monitoring.

Watch Our Videos to learn more about Kingdom Photo Booths

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  • May 24, 2013 Kingdom Photo Booth announces $10,000 matching challenge for Oklahoma tornado relief through the Red Cross. view
  • May 20, 2013 Kingdom Photo Booth hosts worldwide webinar to introduce KingShare, an exclusive iPad application that syncs with all kingdom booths and enables Facebook, Twitter, Flickr, Instagram, and Tumblr in. view

Kingdom Photo Booth – Leading Photo Booth Manufacturer and Supplier for State-of-the-Art PhotoBooth | Maryland PhotoBooth Rentals

Copyright 2017 Kingdom Photo Booth. All Rights Reserved. Site Designed and Developed by Adventure Web Productions


Supply Chain Management Review #supply #chain, #supply #chain #24/7, #supply #chain #management, #global #logistics #


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Maersk Line has introduced a new service for supply chain managers seeking to finance their global trade while optimizing carrier service.

Posted on 06/08 at 01:00 PM

This announcement follows Scout’s release of Harvard Business Review Analytic Services procurement industry research, which explores the critical roles that sourcing, procurement, and supply chain management play in enterprise success.

Posted on 06/07 at 10:46 AM

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 56.9 in May, down 0.6% from April’s 57.5, which was its highest level since February 2015, while still growing for the 89th consecutive month. The May NMI is 1% higher than the 12-month average of 55.9.

Posted on 06/05 at 12:14 PM