"At first glance, a decline of 0.44 percentage points may not seem like a big deal. But, in mortgage land, a 44 basis-point drop is nothing to scoff at," saving about $100 a month in payments for buyers of a $35
However, in states where the practice is legal, dual agency can be more efficient because there are fewer parties involved in the transaction. A dual agent may charge slightly lower sales commissions as well, since they are making money off of both sides of the transaction. Agent vs. broker...
A key example of interest rates affecting our purchasing power is housing—particularly home mortgages. Housing costs account for more than a third of the CPI. During 2020 and the COVID-induced economic slowdown, a borrower with good credit could get a mortgage with a 3.5% interest rate. Sinc...
Syndicated loans can be made ona best-efforts basis, which means that if enough investors can't be found, the amount the borrower receives is lower than originally anticipated. These loans can also be split into dualtranchesfor banks that fund standard revolving credit lines and institutional inve...
A home was considered an asset in the past, but since the housing market crash, planners see it as less of an asset than they once did. With the popularity of home equity loans and home equity lines of credit (HELOCs), many homeowners areentering retirement in mortgage debtinstead of wel...
Also, Medicare is a federal program that's funded through payroll taxes. Medicaid is a program that's operated by states, although states and the federal government share the costs. About 12 million people qualify for both Medicaid and Medicare. For these "dual eligibles," Medicare pays for ...
Mortgage Learn about your mortgage account transition to M&T systems through these FAQs. Read Mortgage FAQs Hear from our bankers. We asked our bankers some important questions about M&T and the transition from People's United. Listen to what they had to say in their own words. ...
As of April 2, 2022, People’s United Bank is now part of M&T Bank. Learn what to expect and what’s ahead for you & M&T.
A variety of professionals may be needed to complete your transaction. Instead of spending time tracking these people down—like home inspectors, real estate attorneys, and mortgage originators—you can leave the task to your agent. They should have a list of trusted professionals who are excellent...
Failure also came despite the ability to hire the "best of the best" managers, as Nokia almost certainly could in the run-up to the smartphone boom.1 So, while this relationship is not unidirectional and a great strategy can unravel with bad OB, let's start with the premise that there ...