10 Extra Costs When You Buy a New Construction Home

10 Extra Costs When You Buy a New Construction Home 2

When you purchase a new construction home, there are several hidden costs that you might not think about. The normal costs of homeownership like mortgage payments (e.g., principal and interest), property taxes, homeowner’s insurance, and utilities are obvious. Other costs, though, can come as something of a surprise. When we bought our home (a new … Read more

Rental Property Cash on Cash Return (CCR) and Return on Investment (ROI)

After you started investing in the stock market for a while, you are probably thinking about diversifying beyond stocks, bonds, and REITs. A common next step for many investors is investing in a rental property. Personally, that is what I did, and as a fairly seasoned real estate investor, I feel that it is important … Read more

Mortgage Forbearance: Should You Ask Your Bank for a Mortgage Relief

As states and cities issue stay-at-home orders and businesses are forced to shut down due to the current pandemic crisis, more and more people are financially impacted. Homeowners are among those affected by job loss and economic slowdown. If you are one of the homeowners affected, you are probably looking for help with your mortgage … Read more

How to Get Rid of Your Private Mortgage Insurance

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If you paid less than 20% down payment on your home purchase, you are most likely paying a monthly Private Mortgage Insurance (PMI). The PMI is an insurance policy that protects the lender — not you. If you default on your mortgage, the lender receives payment from the insurer for the loan given to you. … Read more