Amazing Property

If you haven’t refinanced in a while – or ever – you could stumble upon a nice reserve of cash to make up for holiday spending.  Doesn’t everyone love saving a few dollars on bargains around the end of year? With a seemingly never-ending Christmas shopping list, it pays to scrummage around to find every little saving. But have you thought about the savings to be had by resetting your biggest financial undertaking: your home loan? Here’s how you could rethink your mortgage to gain a bit of spare cash for Christmas. Refinance to save In 2019, Aussies spent on average nearly $1000 per household just for Christmas, Finder reported. This is money that could potentially be recouped through refinancing your loan. If you’ve had your current home loan for a number of years, you may be able to apply for a home loan at another institution with a better interest rate or new features and add-ons such as flexible repayments, redraw facilities and loa...

Mortgage operators have appealed for regulatory-induced fiscal and monetary measures that would stimulate the sub-sector towards sustainable development. They also implored the Central Bank of Nigeria (CBN) to fast-track implementation of the Mortgage Interest Draw-Back Programme (MIDP), together with other policy measures that would moderate the cost of funds to single digit, on a consistent and sustainable basis. The operators, under the aegis of the Mortgage Banking Association of Nigeria (MBAN), made the call in a seven-page communiqué after its Chief Executive Officers (CEOs) retreat in Lagos. The association plans to engage the CBN on specific modalities required to facilitate policy implementation, monitoring and impact assessment. The Annual Retreat for CEOs was held via Zoom and physically, with participants drawn from the mortgage banks, mortgage brokerage companies, CBN, Nigeria Deposit Insurance Corporation (NDIC), Federal Mortgage Bank of Nigeria (FMBN), Nigeria Mortga...

Benson-Awoyinka Towards safeguarding the interests of real estate stakeholders and conforming with international best practices, stakeholders have agreed on the need to harmonise and sanitise the sector. The stakeholders met at a two-day Lagos Real Estate Market Place Conference and Exhibitions, the first of its kind organised by the state’s Real Estate Regulatory Authority (LASRERA). Key speakers at the panel sessions included Chief Executive Officer (CEO), Chapel Hill Denham, Bolaji Balogun; Assistant Vice President Retail Mortgage Underwriting, Mr. Kunle Faleti; Femi Ademola of Cordros Capital; Babatunde Ajayi of United Capital Plc;  Kayode Falasinu of AVA Capital; Sammy Chidoka of Kairos Capital; Tokubo Ajayi of United Capital Trustee; Mrs Funmi Ekundayo of STL Trustees; and Adekunle Awojobi of FBN Quest Trustees. Others are expert from Morocco, Ms Tagma Mounla; CEO, Oct5 Limited, Jide Odusola; CEO Odo Ogun Castles Estate Limited, Buddy King; PWAN Grou...

The COVID-19 outbreak is prompting more American families to move aging relatives into their homes, fueling the growing interest in multigenerational houses. Occupancy in nursing homes in the U.S. has fallen by 15% since the end of 2019, according to an analysis by The Wall Street Journal . The number of COVID-19-related deaths linked to long-term elder care institutions in the U.S., currently more than 115,000, accounts for some of the decrease. A resulting decline in admissions accounts for much of the rest. Fearing infection and isolation in nursing homes, some Americans are bringing their loved ones into their own homes. Home buyers are showing an increasing desire to bring more family members under one roof. Buyers purchasing after the start of the pandemic in the U.S. were more likely to purchase multigenerational homes—15% versus the 11% who purchased prior to April 2020, according to the National Association of REALTORS®’ newly released “2020 Pro...

Having the right real estate agent can make the difference between selling your home for a great price or just making your reserve. Research and local knowledge are crucial to getting the best agent for your home. Discover how to find the best agent, how to market your home for sale and how much your house is worth. How to choose an agent One of the most important considerations when deciding to sell your property is who is going to sell it for you. First up, do your research. Look for an agent with a history of strong results in your suburb. Metrics like average days on market and auction clearance rates are vital, as they give a clear insight into how good an agent is. Also, go local. Finding an agent with a deep understanding of the local market is as important as finding one with proven experience of selling the type of property you’re selling. A good agent should know as much about the property and the locality as the vendor. It’s smart to even act as a buyer to test an...