The Difference Between Prime Rates and Mortgage Rates

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Don’t feel bad if you’re confused by prime rates and mortgage rates.  Most Americans are equally confused so you aren’t alone.  Let’s take a moment and see if we can’t clarify it a bit since this is something you might need to know the next time a relocation occurs.

The prime rate is the interest rate that commercial banks charge to their best borrowers….their prime borrowers.  It is based on a number of factors including the bank’s cost of funds, savings rates, availability of money, the economics market and the banks desirability to loan money.

The mortgage rates are influenced primarily by the bond market and competitive conditions.  They are offered on what is called the secondary market, namely Fannie Mae, Freddie Mac and private loan buyers.  If bond rates increase there is generally a corresponding increase in mortgage rates.  The same is true if a decrease occurs.

Usually the only relationship between the two is in reference….you will hear someone say that the mortgage rate is five percent over prime, but other than that, for the average homeowner or home buyer, the mortgage rate is the only rate you need to be concerned with.

Do you have a real estate question? How about a question concerning athlete relocation?

Call the experts!

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Athlete Relocation with Sportsrelocation.com is One Stop Shopping

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Athlete relocation with Sportsrelocation.com is a little bit like shopping at Costco.

Be patient with me and I’ll explain.

So the other day I was in Costco doing some shopping that simply couldn’t be put off any longer.  I didn’t have time to run around to several stores, and I knew Costco had everything on my shopping list, so it just made good sense for me to do it all in one place.

And that got me thinking about athlete relocation.

A professional athlete gets word that he/she has been traded.  They have twenty-four hours to report to the new team in the new city.

Twenty-four hours!

Even for the most optimistic person in the world, twenty-four hours is not enough time to take care of all the problems that arise from an athlete relocation.  The athlete barely has time to pack a bag, kiss his spouse goodbye, make an airline reservation and leave for a new location.  What about all of the affairs that need to be taken care of?

Those, unfortunately, usually fall upon the spouse, or the athlete’s agent, or are shared by three or four members of the family.   Of course, in all the hectic haste to get things done, something is inevitably forgotten, and that means more problems.

But none of that happens if the professional athlete goes to the Costco of athlete relocation, namely Sportsrelocation.com.

Meet with us, tell us your situation, and then go meet your new team.  We take care of all the rest.  We take care of the home buying and selling. We take care of the household moving, the financial details and the automotive services. We take care of leasing and transport and concierge services.

We Costco you and take care of it all.

Doesn’t that sound much better?

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

 

Athlete Relocation Calls for Relocation Experts

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You are a professional athlete facing athlete relocation.

You are a celebrity facing relocation.

You are a business executive facing relocation.

Money is involved.  Serious money, and serious money requires serious professionals during your relocation process.

Who do you call?

Call the company with over ten years of relocation experience.  Call the company with decades of real estate experience.  Call the company that specializes in the very specialized world of athlete relocation.

Call Sportsrelocation.com and find out what many others already know:  when you need the best in athlete relocation, you call the best.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Sportsrelocation.com and Public Relations

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Sportsrelocation.com is not just about athlete relocation.  You might be surprised to know we also help athletes with their public relations and marketing.

It is a natural extension of our business, actually, one that makes perfect sense.  As active members of the luxury real estate community, and as agents who have helped professional athletes for years with their relocation needs, it is only natural that we have over a decade’s worth of professional contacts in the professional sports industry.  This has enabled us to form an affiliation with a well-established public relations firm whose sole purpose is to develop an athlete’s off-field profile.

This is accomplished through strategic publicity which includes media interviews, event/award show appearances, marketing and charitable involvement.  They promote, maintain and protect the athlete’s brand on and off the field.

Athlete relocation….athlete public relations…athlete marketing….is there any doubt that Sportsrelocation.com should be one of the first phone calls you make once you have your professional contract in hand?

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

The Difference Between Fixed and Adjustable Mortgage Rates

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We were asked the other day what the difference is between a fixed-rate mortgage and an adjustable-rate mortgage, so I thought I would take a moment this morning to clarify.

A fixed-rate mortgage means that the mortgage rate on your newly purchased home will never change.  If you purchased a home tomorrow at four percent, the loan rate would remain four percent through the life of the loan, and this is one of the best times in real estate history for securing a fixed-rate loan.  If you were to look at an amortization schedule you would see that the longer you pay on a fixed-rate mortgage, the more interest you pay down.  In other words, the longer you pay the greater percentage of your monthly payment goes to reduce the principal.

On an adjustable-rate mortgage, the load will adjust periodically according to the market rates from year to year.  That also means that your mortgage payment can change.  Adjustable-rate mortgages can look quite enticing early on, but turn into something less than enticing in ten years if the market is not favorable.

Choosing between the two mortgages is a personal preference based on many factors.  Are you going to be staying in the home for the life of the contract?  How will the market react to outside influences during the next ten years?  What is the state of the economy?

A good real estate agent can help you navigate these waters, as can a good loan officer.  This is one of those cases during an athlete relocation when you really do need to rely on the professionals for good counsel.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

A Good Athlete Relocation Agent Provides Security

yolanda smith sports relocation

The security that a good athlete relocation agent provides cannot be understated.

Security?  What does athlete relocation have to do with security?

Everything!

Consider that a professional athlete will face, on average, five major relocations during their career.  That means five times they must pick up, pack up and move to a new city.  It means the moving of possessions, the transporting of vehicles, the purchase and sale of real estate, the leasing of real estate, the financial details associated with relocation must be taken care of….and on and on, and it is not hard to understand how such relocations can be stressful.

A good athlete relocation agent eliminates that stress and provides…security and peace of mind.

A good athlete relocation agent will walk with you through every step of the process.  A good agent will head off possible problems before they become a reality.  A good agent will be discreet, caring and understanding.

A good athlete relocation agent will have your back!

Isn’t that what security is all about?

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Specialized Athlete Relocation Services

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“When it comes to providing specialized athlete relocation services for professional athletes, Ikem get it done!  I would not hesitate to use Sportsrelocation.com again when it comes to my real estate needs.”  Omar Bolden

Thank you, Omar!  A great testimonial and we all appreciate it.

Omar brought up an important point when he mentioned specialized services.  Here’s the thing:  all of our clients have special needs regarding their athlete relocation.  There are always unique requests or circumstances.  That is just a part of this business, and early on we at Sportsrelocation.com recognized that fact and, in fact, embraced it.

Whatever your situation may be, we are ready for it.  We listen, we adjust and we solve.  We figuratively take your hand and walk you through every step of the relocation process, and we don’t let go of your hand until you are completely satisfied.

Your satisfaction is like gold in the bank for us.  Our business depends on your being completely ecstatic over our services, so that when we are done handling your affairs, you will say the same thing Mr. Bolden said, that you would not hesitate to use Sportsrelocation.com again.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Should You Sell Your Home in Spring 2015?

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Should you sell your home now?

Let me give you a few things to think about.

Statistically, March and April, nationally, are the best months to sell your home, with homes selling, on average, fifteen percent faster and for two percent more money.  Why that is may be anyone’s guess, but over the years the statistics do not lie.

Right now we are experiencing a low housing supply, and because of the laws of supply and demand, a low supply means quicker sales and higher selling prices.

Interest rates remain, relatively speaking, low, but do not expect them to stay low for much longer.  Experts expect more buyers to enter the market in the coming months to take advantage of those low interest rates in expectation of higher rates coming soon.

Finally, rental prices are rising nationally.  In the past five years rental rates have increased by fifteen percent, and at the same time income growth has not matched that increase.  That simply means there is less reason to rent and, conversely, more reason to buy at this time, and more buyers is always a good thing for sellers.

Are these rules and observations etched in stone?  Is selling a home ever a sure thing?  Of course not, but indicators point to this spring as being an excellent time to sell your home or real estate.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

Sportsrelocation.com is on a Mission

yolanda smith sports relocation

Yes, we are on a mission.

You see, we have an unblemished reputation, and our goal is to keep that reputation intact.

This is like Michael Jordan going 15 for 15 from the field in a game and then declaring he will do the same thing in the next game, and the next, and the next.

Unrealistic?  Perhaps in the Jordan example it is, but not for us here at Sportsrelocation.com.

We are committed to the highest level of client services and product quality.  We are dedicated to providing all things related to relocation and that includes buying, selling, leasing, financing and transporting.  We are determined to raise the bar in this industry, and we make this bold promise: we will not tolerate having a dissatisfied customer.

That’s what it all comes down to:  a dedication to excellence.

If you are facing athlete relocation, here is the best tip you will ever receive:  Go with the pros at Sportsrelocation.com.  You believe in excellence on the field of competition.   Sportsrelocation.com believes in excellence off the field.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

 

 

Professionalism in the Athlete Relocation Business

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Let me share another testimonial with all of you, and then I’ll explain the significance of it regarding your next athlete relocation.

“We couldn’t have been any happier with Ikem and his professionalism throughout our relocation process to LA.  Almost immediately, Ikem and his team provided us with leasing options based upon our requirements. He thoroughly explained the leasing process, attended every showing with us, and provided us with enough information to ultimately make our decision to buy our home.  Ikem, thank you and your team for the amazing work.”  Chris and Jada Paul

I want you to pay attention to several sections of that testimonial.  First, professionalism…..Sportsrelocation.com believes strongly in discreet professionalism.  As a professional athlete, you deserve to be treated with professionalism, and that’s what we provide.

Secondly, we provide options based on your requirements. We have no desire to suggest a home to you that does not meet your needs.  There are far too many homes out there waiting to be leased or purchased, and we are committed to finding the perfect home for you.

Thirdly, we are with you ever step of the way.  Yes, we attend every showing with you.  Yes, we provide all the information you need.  That’s what professionals do for professionals, and that’s what a good athlete relocation agent does.

Sports Relocation, Inc. Sports Relocation, Inc assist players/coaches of all professional sports leagues including the NBA, WNBA, NFL, MLB, NHL, and entertainers relocate nationwide by servicing their Real Estate & Relocation needs. Ikem Chukumerije is licensed to practice real estate in New York, California, Nevada, Florida, & Georgia. Sports Relocation, Inc operates nationwide and provides elite athlete relocation services in all 50 states and internationally.

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