Mortgage appraisals … no matter how much a buyer loves a house and feels confident in their selection, the mortgage appraisal process often creates that moment of anticipation and concern while waiting for those important results. Will the appraisal confirm the offer amount? Will the buyer have to bring additional money to the closing table? Will everything work out as the buyer hopes?
As a whole, the real estate market is improving throughout the U.S., which may make this important step in the purchase process a critical issue. Cartus Home Loans explores the potential appraiser shortage and impact of inventory on [...] Read More
With the advent of spring and summer real estate and relocation seasons, it’s important to revisit jumbo loan limits, particularly with recovery in most real estate markets where inventory is at its lowest levels in years. Conforming loan limits are $417,000 in most areas, but limits are increased in certain high-cost regions throughout the U.S. For example, limits for conforming loans are as high as $601,500 in Fairfield County, CT, and $625,500 in Los Angeles, San Francisco, and Greater Washington, DC. Any loan amount above these limits would be considered a jumbo loan and is not subject to the guidelines [...] Read More
The landscape has changed for U.S. borrowers over the past several years. The days of qualifying for a loan just by being “a great customer” have passed, and “the old days” are back. Now, borrowers have to:
• Prove income
• Verify net worth
• Verify employment
• Prove sufficient income to easily cover monthly housing expenses
The fact that these qualifications were reduced from the underwriting process for multi-thousand-dollar transactions stretches credulity.
The days of people barely qualifying for large mortgages are also over, with a new dawn that brings with it exacting paperwork that taxes the resources of the borrower. For your transferees, the [...] Read More
January 31, 2013 – 11:50 am
Throughout Central and South America, Carnaval means music, parades, and people having a lot of fun! It can also mean delays for assignees trying to book trips and conduct business. Here are a few tips for clients and their employees planning to travel during Carnaval time.
• This annual festival is a national holiday in many countries in Latin American. This year, it runs from Friday, February 8, until the following Tuesday, February 12.
• In Rio de Janeiro, Carnaval is one of the largest parties in the world, bringing in more than half a million foreign tourists each year.
• Brazilians turn [...] Read More
By Fabiana Hershfield
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Posted in Americas
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Also tagged assignee, assignment, Brazil, Carnaval, cartus, corporate relocation, culture shock, diversity, emerging markets, employee relocation, executive relocation, expatriate, global mobility, Intercultural, international assignment, mobility, mobility challenges, outsourced relocation, primacy, relocating during Carnaval, relocation, relocation management company, relocation services, Rio de Janeiro, third party relocation, transfer, travel during Carnaval, Trusted guidance, What is Carnaval?
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January 29, 2013 – 8:00 am
1 10 13 Intra Country v2As companies seek to find the most robust and competitive global assignment programs, they often spend time searching for synergies in the hope of finding a “one size fits all” approach to their intra-country programs. Although many organizations already have solid intra-country mobility programs in the US, UK, and Canada, it is not always possible to take this approach into other countries in order to find a “Global Domestic Policy.” As companies continually strive for global consistency and efficiencies, the formula for intra-country relocations will likely look very different from one country to another. This [...] Read More
By Peter Stirrup
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Posted in Emerging Markets
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Also tagged assignment, cartus, corporate relocation, employee relocation, executive relocation, expatriate, global domestic relocation policies, global mobility, Intercultural, international, international assignment, intra-country mobility programs, Intra-country moves, intra-country relocations, mobility, mobility challenges, outsourced relocation, Real Estate, relocation company, relocation management company, relocation services, transfer, Trusted guidance
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