The short answer is that the 30-year mortgage amortizes
extremely slowly, making it nearly twice as risky as a similar loan with a
20-year term. And the 30-year loan compounds risk-layering by promoting the use
of higher combined loan-to-value and debt-to-income ratios (DTI).
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Almost from the time that farmer Jean-Baptiste Pépin built a
homestead and raised seven children on the edge of the river in the eastern
extremity of Montreal Island in the early 19th century, the
Rivière-des-Prairies district’s vast uninhabited land has stoked many
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The Auburn City Zoning Ordinance now includes a new
performance housing type known as Academic Detached Dwelling Unit (ADDU), to
differentiate homes for single families from student housing.
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Owning my own home was never a dream of mine.
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Investment in real estate has always been a priority for
investors holding a well-diversified portfolio of assets. In the 2019 Budget speech,
the Maltese government announced its intention to create a regulatory regime
for Real Estate Investment Trusts (REITs). With the introduction of this new
legislative framework, Malta will join 35 jurisdictions across the world that
have already established a regulation for REITs.
Read more: https://bit.ly/2GzQi3W
The idea of living mortgage-free can be particularly
enticing for individuals nearing retirement. At this time, it’s also common for
empty-nesters to consider selling the large family home in favor of a smaller
property or condo that’s easier to maintain. Homeowners who have lived in a
house for a long time and now have a low mortgage balance or perhaps no
mortgage at all may consider whether it’s advantageous to buy a new property
with sale proceeds in cash instead of getting a mortgage. Although pre-retirees
may be hesitant to carry debt into retirement, the leverage can pay off.
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An influx of construction workers to meet the demands of the
tourism boom on the Okinawan resort island of Miyakojima is creating severe
apartment shortages, sending rents higher.
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After months of discussion, the Tuscaloosa City Council is
poised to approve a series of changes to its short-term rental rules to make it
easier for participants citywide.
Read more: https://bit.ly/2ZhtwoK
A city in north China is offering half-price homes or two
years’ free accommodation to recent graduates in a bid to attract fresh talent
and breathe new life into its economy.
Read more: https://bit.ly/2IM7nt5
THE tide has turned for Brisbane’s luxury apartment market,
with a new report revealing riverfront unit prices are nine per cent higher
than they were a year ago.
Read more: https://bit.ly/2UO20Aw