Ways You Might be Committing Mortgage Fraud

There is no doubt you imagine lenders attempting to rip off unsuspecting homebuyers when you think about mortgage fraud. Do you know that it is possible to commit fraud even as a mortgage applicant? Over the years, it has been proved that 1% of all mortgage applications contain some instances of fraud.

You might be aware that a simple lie on your application can land you in hot water even if you don’t intend to be malicious. You might be imprisoned for more than 30 years when you engage in mortgage fraud. It is good to know that mortgage fraud is one of the biggest federal crimes. Have you been looking for reliable ways to avoid mortgage frauds? Here are the best moves that will help you avoid such frauds. The latest development will be Penrose CDL Aljunied Condo near to Paya Lebar.

Interest rates and home values have been increasing for the last couple of years. Numerous homeowners want to get in since they can manage to do it. You might be tempted to use your income in order to qualify for a larger loan if your dream home is more than what you can afford. This makes sense more so if you own your own business. As a business owner, you will be in a position to fudge the numbers.

Be guaranteed that you are not the only person in such a situation. In most cases, income fraud involves misrepresenting the existence. Mortgage lenders have been known to verify income against tax returns. You need to know that you will not qualify for the loan if the numbers don’t match. In such cases, there will be possibilities of being accused of attempted fraud.
Your lovely parents might have contributed a few thousand to help you achieve your dreams. It is good to do that, but using gift money for down payment comes with a few rules. Which are some of the rules associated with gift money? Money can’t be given in the form of a loan that is to be paid back.

A homeowner will be allowed to bump his or her down payment without increasing debt income ration. It is not only a fraud but also a large sum of money can cause a financial dispute with your family members.

Do you know that the only way to represent loan as a gift is committing a mortgage fraud? You have the full freedom to borrow money against an asset if you really want to come up with the funds.
Why is this route risky? Your mortgage lender will require a paper trail. What if you are caught lying? There are multiple consequences. The seller may be tempted to strike a deal on the side of the home’s list price is much higher when compared to the buyer’s willing price.

Should You Buy a House When You are in Debt

Do you know that being in a debt when purchasing a house can be overwhelming at times? In such situations, it can be quite hard obtaining a reasonable loan from the bank. There is no doubt that you would prefer installing security cameras even if you get past the security guard. I hope you will never be such desperate. Do you pay attention to debt pattern? In that case, you can agree with me many people purchase the property after borrowing a loan from a bank. You might be asking yourself whether you should purchase a house when carrying debt.

We all have different financial situations. Purchasing a house can be a perfect idea for you while at the same time being the dumbest idea to someone else.

How much is your debt? Do you have a few years to go before you pay off your car? You might have no trouble with the payments in the past. Normally, the maximum debt-income ratio is 43 percent according to the federal mortgage rule. The debt you pay every month is supposed to be less than 43% if you take out the mortgage. From many people opinions, there is no need to push it. The federal government has set the DTI at 43%. It is good to know that many lenders are comfortable with that.

Realistically, it would be better if you have an extremely low debt to income ratio. Personally, I would like to purchase a home with less than 30% debt to income ratio. Would you like to purchase a house? There are some situations you feel that you might be making a good decision when buying a house. Do you have any student loans? Be assured that you will never have any trouble when paying off your loans within five years.

It is good to have debt, but it will be much better if the lower percentage of your money goes toward the debt.

Have you ever made a dumb financial decision in any person life? Many people often forget to listen to their guts. Have you ever thought of robbing a bank? Although it may look hard, you can agree with me that indeed it is a smart house buying idea. Nowadays, you are the person to decide whether you can afford a home.

Never be tempted to leave this to your mortgage lender. Many lenders have been known to underwrite and approve loans. This can lead you to evitable problems. Why should you never trust lenders? They don’t know your financial problems and also your preferred lifestyle. With that in mind, you should always think about your debt and where you are in life. Successful property investors have preferred to make their own decisions rather than being forced to enter into shoddy deals by lenders.

All in all, the best way to know if you can purchase a house when you are in debt is to know your situation.

How to be a House Flipper to Earn Money

Have you come across a house flipper on TV shows purchasing a neglected house? In those situations, most of these house flippers prefer slapping some fresh paint on the walls. After giving the house a new look, they flip it back on the market. The newly refurbished house sells at lightning speed. Over the years, a good house flipper has been known to earn tens of thousands of dollars in every good sale. Usually, the earnings depend on his or her cleverness.

From a close look, these shows should carry a disclaimer to their targeted audience. It is good to keep in mind that house flipping is not always a walk in the park. It is not that easy to purchase a house, fix it up and resell it within a short period of time. The only thing you need to know if you really want to be a good house flipper is to know what you are doing. From there you will never regret your decision to be a house flipper. The journey will be smooth and inspiring.

In 2017, house flippers earned an average profit of $70,000. They might have earned admirable profits, but trust me house flipping is not for everyone. You need to play your cards safely if you want to have huge profits.

It makes sense bragging about how you purchased a house for $250,000. You will incur numerous expenses for materials and labor. We have analyzed the costs that you will never readily see.

Do you know that real estate agents involved in selling your flipped house will take about 5% of the total sales price as the commission? This means that if you are selling $400,000, you can expect your real estate agent to take about $24,000. Although it depends on different federal rules, short term capital gains are normally taxed at the seller income tax rate.

The cost of improving the house must be incurred. Be assured that you will never slap some paint on that old house and later sell it at a significant profit. It will take a reasonable time for construction work and remodeling. You will not only be required to have a run budget, but also some permits. Nowadays, house flippers are required to pay taxes and also mortgages. What if you borrow money? In that case, you will pay interests on that loan and also the cost incurred after applying for these loans.

Have you ever heard about the real estate saying that says that if you want a profitable flip, then the deal will be sealed when you purchase the property? It is very simple if you want to be successful. Make sure that you don’t overpay. You might be wondering instances where you are tempted to overpay. Usually, overpaying occurs when you are going to borrow money from the bank.

First Time Home Buyers Fall into Real Estate Trap

First-time homebuyers need to be aware of the real estate agency they work with. Not all companies have their best interests in mind. One thing they need to be aware of is a firm that uses duel representation. They represent the buyer and the seller on a property. Two agents from the same company will work with both the buyer and the seller to complete a transaction. There are some states where this is illegal. Other states will make both parties sign a disclosure form if this is the case.

According to the Consumer Advocates in American Real State duel, agencies have the biggest scam in real estate. Many firm time home buyers do not know why this is a bad idea. Real estate agencies will make money when the sale of the come is completed. Until the sale, if final the agent does not make anything. If a person is a seller the agency will be marketing their home, taking pictures and updating the home. the agent for the buyer will show off the homes. Both need to pay a part of their commission to the broker who will operate the company name. The seller usually signs a contract sating that 5 or 6 percent of the commission is split between the listing and the buying agents. If an agent is working on both sides they can get the full commission.

The buyer wants to get as much money as they can for their home and the seller wants to pay the lowest price. Agents are supposed to work for their clients. They cannot do both at the same time.
A duel agency cannot guide either side or give the best advice to either party. If the buyers like the home the agent cannot give them advice on how to get the best price. If the seller makes a counteroffer the agent cannot provide sound advice either. They cannot keep the best interest of both clients upfront at all times. There are not benefits in sharing an agency. The agent cannot share confidential information from either party so there are no insider deals or sharing of additional information. The agent is often looking out for themselves in these transactions. They want to get the most money for commission and their work on the home. They may have the buyer make a higher offer than they normally would advise. They may have the seller hold out on an offer that they could have accepted in hopes a higher one would come along.

It is not wise for a first-time home buyer or anyone else looking to buy or sell their home to use a duel agent. The agent is looking to make the most money. Having an agent for the buyer and an agent for the seller will allow things to balance out and they will each act in the best interest of their clients. Never accept a deal with a dual agent.

Preparing Your Estate When You Leave for Your Love Ones

We all know that famous saying that indicates that death and taxes are the only two certainties in life. It’s certainly important to remember that while taxes are something that are a personal problem, your death will be a burden on your loved ones. Aside from their obvious grief, your family will be tasked with paying off all your bills that your final exit from life created.

You might feel healthy, but if you are aging, then you never know when your time is to go. And after you are gone, it is too late for others to feel anything other than overwhelmed if you have not put your affairs in order. Creating a will and estate planning is something that you can do for your family to thank them for sticking by your side all these years. Even if you don’t have anything to give your children, you should plan so that your own debts can be paid off in your absence.

Otherwise, there will be a tremendous sense of burden that you yourself place on your children. You might not even know how much it can create stress on them. They probably want to be able to grieve without figuring out where all your money is squirreled away. Surprising them with debts will also be an added source of grief that you do not want to impose.

You would be shocked how many people die each year in America without a will. There are 2.4 million deaths per year, and you can see how this exit can create a hole in the system. It would be nice if your debt was axed out on your demise, but you know that this is not the way that life works. Chances are, you do have the means to liquidate properties or assets to pay down your sum owing. You should give provision for that in the will. This will mean that your relatives are not in limbo wondering how on earth they can pay for your funeral expenses and such other bills such as a hospital stay.

With illnesses like dementia on the rise, it is good to prepare for these things while you are of sound mind. You will find that later you may not want to, especially if you are dealing with ailments and poor health. It’s never too early to prepare. If you have a family, then you should have a will and estate planning in place.

Often times, you may feel depressed when thinking of end of life matters. If you are young, you might keep procrastinating making a plan year after year. However, even young people with families die unexpectedly. If you care about the health of your family, you will want to impose some structure. It’s important to meet with a lawyer to make sure that the papers are filled out right. At the very least, there are will kits that allow you to do it yourself, but it doesn’t hurt to get a lawyer to check it over in the end.

How to spot a desperate homeowner

If you are looking to buy a house, dealing with the right seller or knowing a desperate homeowner who is willing to sell is crucial. However, it is not easy to know a desperate seller because no one will come across as so. Therefore, here are pointers on how you can get to know a seller who is willing to sell his/her own home fast:
1. Property listed in an estate
If the home is listed in an estate, that’s a good sign the house is a liquidated asset. However, depending on your locality or budget, you might find out that a listed house is easier to buy or transact.
2. Homeowner answers questions fast and truthfully
You will ask questions and the homeowner is required to answer all your questions. However, not all homeowners are genuine or answer the questions genuinely. A desperate homeowner or a homeowner who is looking to sell his or her house fast will always answer questions candidly and fast.
3. Seller moved on
A seller who is looking to sell his/her house fast will vacate the house to make the entire process easy and fast. Hence, when looking to a house and you find out that the seller has either rented or moved on to another house, you are in luck because the homeowner is looking to sell the house fast!
4. Unappealing curb
If there are weed patches unmowed lawns, that’s a sign that the homeowner has either left the house or does not need to look after the house. Ergo, if you are looking to buy a house fast, that’s a good sign.
5. The closets aren’t full
If you make a house tour and find out that the closets aren’t full or the owner has limited items in the house, that’s a go-ahead to buy the house. That not only shows the owner is willing to sell the house but also he/she will negotiate to sell at a price to sell the house fast.

Avenue South Residence Silat Avenue Gym and Clubhouse

Avenue South Residence will offer some of the best moments both the investors looking for great returns and the homeowners who want a quiet environment within the city. Singapore has been in the forefront when it comes to real estate development with the latest and the most iconic being the Avenue South Residence.

Avenue South Residence Silat Avenue

Following its large size and ability of the location, Avenue South Residence Silat Avenue Condo is expected to have some of the best stories and towers. Other than the development that is expected, Avenue South Residence will be different due to its close proximity to town. Once the development is completed, the vicinity within Silat Avenue will automatically get a new look that will be strategic for those interested in a city dwelling. Since Avenue South Residence is just a few minute walk to the CBD and following its quiet environment, it’s likely to attract different homeowners.

Avenue South Residence Facilities Such as Gym and Clubhouse

Avenue South Residence comes together with different other facilities that will make life very interesting for both the residents and visitors. It has children playing ground, swimming pool and sun deck which are fully equipped to enhance the development of Avenue South Residence. Residents will also enjoy an indoor gym, clubhouse services, tennis court and function room which are all located within Silat Avenue. Shopping within the development is easy following the many shopping centres that are located within Avenue South Residence.

Investors Looking for Avenue South Residence Outram MRT Station

Avenue South Residence provides an environment that is suitable for both the adults and children making it unique. Major MTR developments have also been experienced within the development with Outram MRT which has various MRT Lines for interchange being strategic. The development is considered to be timely following the great attraction it has created and its close proximity to the city centre. It’s a great and lively opportunity for investors who are looking for great returns in the real estate sector.

Accessing Avenue South Residence will both be easy and convenient following the great connection that the location has. Major MRT Station such as the Outram Park and Cantonment are some of the ways to use while accessing the development in addition to the busses that use Kampong Bahru and Bukit Merah roads. For the homeowners, travelling to the city will be great following the strategic location of Central Expressway Ayer Rajah Expressway.

Education near to Avenue South Residence has been elevated and made at its best following the location of some of the best education facilities within Avenue South Residence. Parents with school-going children use CHIJ Kellock, Cantonment and CHIJ St Theresa’s Convent for the primary education.

Riviere Frasers Property Jiak Kim Street

Riviere is a residential complex located at the scenic banks of the Singapore River. The prime property is a project of the world renowned Frasers Property Developers. It is a leasehold development containing about 620 units. This residential complex is located at the waterfront of Singapore River, along Jiak Kim Road in the exotic Clark Quay Area. This location is one of Singapore’s historical jewels signifying the country’s rise to be a global trading giant.

Riviere Frasers Property Developer

It is a family friendly environment offering unrivalled options for daytime fun activities at Riviere Jiak Kim Street, excellent dining places and the beautiful promenade for leisurely evening strolls. Clark Quay area is popular for its generous offering of night spots that provide fun, leisure as well as dining and sightseeing activities. The development is designed to offer total convenience and comfort, with a serene domestic setting and a wholesome array of outdoor activities for the complete lifestyle. The security and privacy of its inhabitants are well considered as well as provisions for all members of the average family setup.

Riviere Facilities Located near to Jiak Kim Street

The amenities provided at Riviere Condo include family convenience facilities like Condo Facilities for family entertainment, Children’s playground and Barbecue pits. Fitness and sports facilities; a tennis court, a 50m swimming pool and an indoor gym. Recreational facilities that feature a club house and a function Room. There is a Guard House for enhanced security and general welfare management.

Jiak Kim Road Riviere is the main access road to the complex but by no means the only one. It is also directly accessible through the Jiak Kim Bridge. You can get there using the Bus exchange and the MRT via the Great World City MRT station or the Havelock M.R.T station. The area is adequately served by major shopping malls; Concorde Shopping Centre Great-World Shopping Centre, and Valley-Point Shopping Centre.

Jiak Kim Street Rivere Frasers Property

There are quality education facilities within the area, the prominent ones being Alexandra Primary School, River Valley Primary School, and Gan Eng Seng Secondary School. All these are easily accessible by bus through the Kim Seng Road, the river Valley Road and Havelock Road.

Frasers Property is a trusted name worldwide in the real Estate Market. Established over 100 years ago, it has set its footprints in over 80 countries with an impressive portfolio of property development. They currently deal with five classes of assets which are Residential, Retail, Industrial, Commercial, Hospitality, and Business Park, and Logistics.

They are firmly rooted with a strong focus on offering quality services for their customers and reliable value for their investors.

This is a world market leader in Condo Property development and management and they bring a lot of experience and expertise in this development which is their latest project.

The Addition Potong Pasir Oxley Holdings

The Addition is a magnificent Building project at Potong Pasir, Singapore. The project is located on a freehold piece land, accommodating 8 units’ apartment. The site is located on a very prime place, neighbouring established eateries, a park and shopping centres. For instance; The Venue Shoppies, and Poiz Centre. Bidadari Park is also in the vicinity of The Addition. In the Park, residents can engage in various outdoor activities and the bond with their family members.

The Addition Potong Pasir Near to Transport Options

The Addition site is accessible using various means of transport including buses which are readily available. MRT Station is just located at just a few minutes’ walk from The Addition site. Within the vicinity is Pan Island Expressway(PIE) AND Central Expressway(CTE). This makes The Addition a very strategically located residence.

Neighbouring The Addition Condo are several schools and education institutions. For instance; Cedar Girls Primary and Secondary School, Saint Andrew Junior College and Secondary School. This makes The Addition a place to be without worrying of where to take your children to school. It’s a fact that parents prefer residing at a place convenient for their children’s schooling- and The Addition is the place.

The Addition by Oxley Holdings

With the above discussed amenities accessible around The Addition, the facility is prime, and will give Oxley Holdings value for their investment. In the past, the company has successfully invested in various properties development which has contributed to the company’s success.

Oxley Holdings, the buyer, is intending to redevelop the facility. Oxley Holdings is a very established multinational development company with a good track- record of making sound investments in the area of property development. For your information- Oxley Holdings boasts of handling commercial, residential and industrial developments. The addition is going to be a residential development facility to look out for.

The Addition Meyappa Chettiar Road

At the Addition, situated along the 21 Meyappa Chettiar Road, you will be able to indulge and experience tranquillity of life, since the facility is equipped with all that you need for your entertainment, and it’s located at the rightly at the centre of Potong Pasir. The Addition, is the epitome of serenity equipped with indoor gym facilities, swimming pool, Children’s playground, clubhouse, sun deck, guard house among others.

To have an overview of the project, Oxley Holdings intends to develop the facility from the existing 8 units to 20 units with a gross floor area of 15,461 sqft. The facility has been acquired at S$21.53 million. The developer, Oxley Holdings says that the funding of the project will not affect company’s financials since the funding is through bank borrowings and some funds obtained from internal resources.

Sloane Residences Former Sloan Court Hotel Enbloc

Sloane Residences is another freehold development situated in the middle of Balmoral Road and bordering Ocean Sky International and Tiong Seng Holdings. The two developers are both registered in the Singapore stock exchange. TSky Development purchased the Sloane Residences, and it is the former Sloane Court Hotel Enbloc. It is a section of the two developers of the plot. Joining the small patch of adjacent land, Sloane Residences will feature a suite of apartments facing downtown that are near amenities in the Newton area and in addition to shopping centers in the Orchard area.

Sloane Residences Condo Facilities Club House and Swimming Pool

Sloane Residences has complete facilities, including houses monitors, 50-meter pool, clubhouse, indoor exercise center, tennis court, playground and barbecue grills. The apartment facilities provide family, and friends with all the entertainment they need. You can enjoy a peaceful and quiet life in the middle of the city that is on Balmoral Road.

Sloane Residences speaks of a plot of land that is preferably near numerous services. Multiple block deals are over, and these parcels extend to a wide range of regions in Singapore. However, this recent block of Tiong Seng Holdings and Ocean Sky International is in the center of the city and, along these lines, it improves it as one of the developments located in the center of the town. The owners of the inn opposed to previously selling the accommodation already in the reactivation market.

Sloane Residences Former Sloane Court Hotel Old Style Hotel

Sloane Residences is a combination of 2 adjoining plots which is the old Sloane Court Hotel in the old style, together with a small plot of land next to it. The combined parcel of land will have a total of 38,943 square feet of estimated area and, also, a plot ratio of 1.6. Given the plot ratio of 1.6, approximately 80 units are present on the plot of land.

About development, Sloane Residences is near Tiong Seng Holdings, which is in a stable position for new technologies that can help you meet your stated goals. The essence of the company is to make use of the right innovations and put them to use. Tiong Seng Holdings uses the technology effectively; they have created an adequate knowledge to share the best part of their lifestyle. In each company, they systematize and share the exercises officially learned in their management. They also pave ways for associates to acquire knowledge among them.

Sloan Residences Near to Shaw House and Shaw Centre

Sloane Residences has many condos with many shopping centers located within the region. For instance, the Shaw House, the central Shaw Center, and Tang’s Plaza is near Sloane Residences. Sloane Residences Freehold Condo is near the Singapore Botanic Gardens, even the Newton Food Center, where you can invest a lot of energy with your family.

You can access Sloane Residences from Newton’s MRT station, which is only minutes away from the Sloane Residences. For owners traveling to the city, Sloane Residences is next to Central Expressway. It is also close to the best schools like St Joseph’s Institution, Singapore Chinese, Anglo Chinese School and even Girl’s School.

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