French Minister Announces New Measures to Restore Real Estate Purchasing Power: Ultimate and Mortgage Loans Explained

French Minister Announces New Measures to Restore Real Estate Purchasing Power: Ultimate and Mortgage Loans Explained

Restore real estate purchasing power to the French. This is the objective of the Minister of Ecological Transition Christophe Béchu, who announced this Monday in Le Parisien a series of “simplification measures for housing”. The government plans in particular to create two new types of credit “ultimate” and “mortgage” in order to allow buyers to … Read more

Family Feud: Siblings at Odds Over Ownership of $980,000 California House

Family Feud: Siblings at Odds Over Ownership of 0,000 California House

I have six brothers and sisters. My youngest brother, 50, has his name on the title deed to the family home, as do my two deceased brothers. Two sisters got married and withdrew their names from the act. One of our sisters was on the title, but she also passed away. My brother says, “It … Read more

Should I Pay Off My Mortgages with My Retirement Funds: Expert Advice for Retirees

Should I Pay Off My Mortgages with My Retirement Funds: Expert Advice for Retirees

My wife and I are both retired. Right now we have an IRA worth over $800,000, which is intact, and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 remaining with an … Read more

We are retired with $1.4 million in investments and 2 mortgages worth $200,000. Should we pay them back and risk increasing our Medicare premium? – CNET

Should I Pay Off My Mortgages with My Retirement Funds: Expert Advice for Retirees

My wife and I are both retired. Currently we have an IRA worth over $800,000 that is intact and stocks worth $600,000. We receive pensions and Social Security, which amount to about $9,000 a month, but we have two mortgages that are not being paid off. Our primary mortgage has $42,000 left with 2.5% interest, … Read more

Real estate. Credit: usury rate of more than 6%, unheard of since 2010

Real estate.  Credit: usury rate of more than 6%, unheard of since 2010

This is a priori their last monthly review. Wear ratesrates* beyond which banks cannot lend money, have been the subject since 1is February of an update every month, whereas previously it took place every quarter. This measure is due to end this month. It made it possible to unblock certain loan files when credit rates … Read more

Understanding the Three Types of Bridging Loans: Dry, Associated, and Integrated

Understanding the Three Types of Bridging Loans: Dry, Associated, and Integrated

In principle, the bridging loan is a short-term bank loan allowing you to create a financial link between a property that you sell and a new property that you buy. As soon as the first property is sold, it is possible to repay all or part of your bridging loan and/or take out a real … Read more

Increase in Credit Rates and the Stabilization of Borrowing Rates

Increase in Credit Rates and the Stabilization of Borrowing Rates

After interrupted increases since the summer of 2022, the European Central Bank (ECB) declared at the end of October that it would not change its key rates and in particular its main bank refinancing rate, stabilized at 4.50%. This is not a surprise, since this break had been announced. It will allow borrowers to regain … Read more

Understanding the Risks: Co-Signing a Mortgage and Potential Consequences for Parents

Understanding the Risks: Co-Signing a Mortgage and Potential Consequences for Parents

My mother and stepfather just co-signed a mortgage for my brother. My mother said their house was used as collateral. If my brother can’t pay his mortgage, our mother will have to pay it for him, or the bank will take his house, right? Also, what happens if my mother and stepfather both pass away … Read more

Can I Get a Loan to Purchase a Quadplex with No Income?

Can I Get a Loan to Purchase a Quadplex with No Income?

First of all, I’m a complete beginner, I know almost nothing and I expect to be made fun of. Here’s my question: I currently live with my girlfriend. I was looking for houses and found a very nice quadplex that was just renovated. I run two businesses, but I personally have no source of income. … Read more