Kevin Tacher of Independence Title Does Part 2 In His Series Of Interviews On Housing Market Trends

FORT LAUDERDALE, Fla. - July 31, 2013 - PRLog -- Continuing his interview about the eight top ways the housing market has changed in 2013 Fort Lauderdale, Florida resident and CEO Kevin Tacher says things are on the upswing.  “My business, Independence Title Inc., has shown considerable increases over the past year due to several of the things we’re discussing in this series.  For that I’m encouraged not only for myself and my staff but for the home buyers who have taken the opportunity to increase their own net worth.” said Tacher.

Bringing even more good news to the masses Tacher discusses the adoption of a new mortgage rule that will protect buyers from not so honest lenders.  The government watchdog, the Consumer Financial Protection Bureau, has put the Ability to Repay Rule in place to officially take effect in January of 2014.  “The rule protects consumers from risky practices such as ‘no doc’ and ‘interest only’ loan features which contributed to so many homeowners losing their properties in recent years.” added Tacher.  “Now the financial reform law will require that ample information from the borrowers be supplied to prove that they can pay the banks back for their loans.”

Switching gears a bit Tacher goes on to discuss how home equity loans are coming back into the mainstream with a jolt as home prices stabilize.  “When prices stabilize then those much wanted and long overdue home remodels start looking pretty attractive to homeowners.  That’s when lenders start competing for the homeowner’s business.  It’s good all around.” said Tacher.  Market studies show that the average rate on a fixed-rate home-equity loan fell in early January to 6% from November’s percentage of 6.3.  Those are encouraging numbers when one takes into account that during the 2009 financial crisis the average ran as high as 8.5%.

Giving a little preview into the next installment in the series on housing market trends Tacher will discuss how with the mortgage crisis beginning to fade the same can be said of low priced foreclosure deals.  

Founded several years ago by Amazon.com Best-Selling Author Kevin Tacher, Independence Title Inc. is located in Fort Lauderdale, Florida. They are one of South Florida’s fasting growing Title Insurance Agencies. Independence Title is locally owned and managed. They provide their team of title professionals with state of the art technology, mobile applications and continued training. Together with support of the top underwriters in the title insurance industry, they have the expertise to complete real estate transactions with the highest level of efficiency and client service.  For more information on Independence Title, Inc. or to download Kevin Tacher’s best-selling book, “SOLD” visit http://www.TitleRate.com

For more information on Kevin Tacher and Independence Title, Inc. visit http://www.TitleRate.com