HOME SALES ARE SLOWING AS INTEREST RATES HIT SIX PERCENT – RED ALERT, BRACE FOR IMPACT!
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An ARM may make sense for buyers who anticipate moving before the initial rate expires. However, because life happens and it’s impossible to predict future economic conditions, it’s wise to consider the possibility that you won’t be able to move or sell.
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Understanding the different types of home loans available to you as a first-time homebuyer can help, particularly as mortgage rates continue to rise across the country. Knowing your options and comparing different mortgage programs will also allow you to make a more informed financial decision.
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In today's uber-competitive real estate market, many people are opting to forgo home inspections when they make their purchase offers — all in the hope that their offer will look more appealing than some other offers. However, most real estate pros would advise against taking this step since home inspections can reveal valuable information about the state of the property.
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f you are considering buying a home, ensure your research includes the option of a duplex. I guarantee you by the time you retire; you will be glad you did. A duplex represents a triple WIN!
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The major factor in paying your mortgage off early is prioritization of limited resources- your income. You already have a mortgage payment and hopefully, you are contributing to a 401-K plan and if you can afford it a IRA plan. If you have children you may be contributing to a 529-Plan. With above expenditures and more, only a few can afford to pay a mortgage off early. But maybe, you ...
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I came from a family that never read The Wall Street Journal and did NOT talk about the stock market over dinner. We did, however, play Monopoly. An inexpensive game I credit with introducing me to real-world financial literacy. It was up to me to continue building on that education
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Once you decide to make an offer, the negotiation starts and is completed when you close on the property. Closing usually occurs 45 days after you sign the contract (faster if paying cash). After making an offer, you have more work to protect yourself and have zero surprises after final closure. Once you close, YOU OWN THE GOOD AND THE BAD!
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Every for-profit business requires positive Net Operating Income (NOI), including your rental property business. This calculation is used to analyze the profitability of income-generating real estate investments and equals all revenue from the property, minus all necessary operating expenses, excluding mortgage payments.
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There is no doubt that COVID-19 has caused an economic crisis in our country. However, it has not affected some parts of the country in the same ways that it has affected others.
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