Market News
| What is subprime lending? Subprime lending, near-prime, second chance, or B-paper lending is the practice of lending money borrowers who do not necessarily qualify for the best market interest rates because of credit issues of variant sorts. The meaning of subprime itself is a phrase that also refers to paper taken on a property that cannot be sold on the primary market. These papers include loans on certain types of investment properties, self-employed individuals, car loans, and credit cards. The processes of subprime lending is risky for both the borrowers and the lendors because of the dirrect coorlation of bowers, hight interest rates, and poor credit history. Consumers who do not qualify for A-Paper loans are issued loans and mortgages at a higher interest rate. Premier Estate is dedicated to delivering you the latest information on the subprime market as new information becomes available. |
CMLS Revamps Square Footage
Submitted by wesrichardson on Thu, 03/27/2008 - 14:44.The Carolina Multiple Listing Service has revamped the way that it will list home square footage to buyers and the general public.
Davidson NC Demographics, 28035
Submitted by Premier Estate on Tue, 02/26/2008 - 03:12.Devidson North Carolina Demographics:
In 2007 Davidson's population is 8,760 people. Since 2000, it has had a population growth of 22.71 percent. Listed below is a breakout of valuable demographic information. The following information can be a great resource if you are looking to purchase a house in the Davidson, NC area.
Median Home Value:
The median home cost in Davidson is $549,500. Home appreciation the last year has been 0.09 percent. The median age is 31.6. The US median is 37.6. 44.94% of people in Davidson, NC, are married. 6.35% are divorced.
Davidson Apartments and Rentals:
Renters make up 18.15% of the Davidson, NC, population. 12.83% of houses and apartments in Davidson, NC, are unoccupied (vacancy rate).
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Monroe NC Demographics, 28110, 28111, 28112
Submitted by Premier Estate on Wed, 01/30/2008 - 02:47.Monroe North Carolina Demographics:
In 2007 Monroe's population is currently 30,871, with population density of 1255 people per square mile. Listed below is a breakout of valuable demographic information. This information if great to know if you are looking to purchase a house in the Union County/Monroe, NC area.
Median Home Value:
The median home value in Monroe, NC, is $213,800. Home appreciation is 5.97% over the last year. The median age of Monroe, NC, real estate is 25 years.
Monroe, NC Apartments and Rentals:
Renters make up 40.25% of the Monroe, NC, population. 6.17% of houses and apartments in Monroe, NC, are unoccupied (vacancy rate).
Waxhaw NC Demographics, 28173
Submitted by Premier Estate on Mon, 01/28/2008 - 22:24.Waxhaw North Carolina (zip code 28173) Demographics
In 2007 Waxhaw’s population is currently 27,605, with population density of 251 people per square mile. Listed below is a breakout of valuable demographic information. This information if great to know if you are looking to purchase a house in the Union County/Waxhaw, NC area.
Median Home Value:
The median home value in Waxhaw, NC, is $474,900. Home appreciation is 3.26% over the last year. The median age of Waxhaw, NC, real estate is 9 years.
Waxhaw, NC Apartments and Rentals:
Renters make up 9.80% of the Waxhaw, NC, population. 4.89% of houses and apartments in Waxhaw, NC, are unoccupied (vacancy rate).
9 Things To Do If You Cannot Make Your Mortgage Payment
Submitted by Premier Estate on Wed, 01/16/2008 - 20:02.If you are unable to make your mortgage payment:
1. Don't ignore that you cannot make your mortgage payment. The further you fall behind on your mortgage payment, the harder you it will be to reinstate your mortgage and bring you closer to losing your house.
2. Contact your mortgage lender as soon as you figure out that you have a problem making your mortgage payment. Mortgage lenders do not want to foreclose on your house. All mortgage lenders have options available to help out borrowers during difficult times.
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