Blog entries for Webteam

Currency Exchange

Webteam

GB Pound hits 14-year dollar high

The pound has hit a 14-year high against the dollar.

By early afternoon trading in Europe, the pound was at $1.9924, after earlier hitting $1.9958, its highest level against the dollar since 1992.

UK interest rates are currently at 5.50%.

Dollar weakness

The strong pound is good news for UK residents planning to purchase in the US.

Real Estate - USA

Webteam

USA Real Estate News

Please Register to gain access

Existing Home Sales Increase Slightly But Median Prices Decline

Reports on the sales of existing homes for October were released on November 28 by the National Association of Realtors. On a slightly optimistic note, sales were up one-half percent to a seasonally adjusted annual rate of 6.24 million units compared to the upwardly revised figure of 6.21 million in September but were off dramatically - 11.5 pe [...]

Closing Process

Webteam

The Closing Process

After your loan has been approved by the underwriter, it is sent to the closing department. Once again, everything is checked for accuracy and the closing package is forwarded to the approved closing agent.

The closing agent in this transaction represents the lender and will conduct the closing on the lender& [...]

Completed Application

Webteam

Loan processors call to confirm the information you provided, or send out the Verifications of Employment and Deposit and order the credit report, property appraisal, and other documents. The time it takes to receive these documents affects the length of time required for approval of the loan. If you are transferring into the local community, it may take longer to receive the credit and employment information.

Application Process

Webteam

Details Of Purchase Contract & Property in the US for US residents.
Because the property is security for the loan, the lender will have an appraisal made of the property; and you will need to have the following information available:

A complete copy of the sales contract, including any addendums, signed by all parties, showing the full names of the sellers and buyers as they will appear on the new deed, [...]

Mortgage Basics

Webteam

Choose from a wide range of mortgages and get personal assistance from IFC every step of the way.

"Just Right!" You’ve been looking at houses for months and months, and you have finally found it--the property that’s just right. Now, you’re anxious to buy your new home or investment property. But you may still have an important task ahead of you--getting a mortgage loan!

Country

Max LTV

Max Term

Rates From

Browse

Webteam

Browse through our site to learn about overseas financing, mortgages overseas and finance abroad in your areas of interest

Navigation Tip

Webteam

Use the "Search" bar above to easily get to a specific content/area of the site!

General News

Webteam

{mosimage}European mortgage markets have performed exceptionally well in recent years, and this solid performance continued in 2007. Rapid house price growth, high demand for housing and increased competition have pushed mortgage markets onwards. But can we expect the boom times to continue and, if they do, which markets will benefit?

{mosimage}Rates have dropped from 2006 highs of about 6.79 percent for a 30-year fixed mortgage to 6.4 [...]

About online applications

Webteam

Is it safe to fill an entire loan application online?

Depending on the site. Our full loan application has encrypted information so no one else can see the information you are entering. Encrypted meaning in the rare event a third party finds a way to get in the process of providing/obtain information, it would be hard-coded using the latest in encryption technology so the "stolen information" would be useless to that third party.