Real estate can make an great addition to almost any portfolio. However, few of us have the large amount of capital needed to buy a property, and it can be difficult to get approval for a mortgage. Fortunately, there are alternative investments that allow you to become a real estate investor without having to overcome … Read moreReal Estate Investing with REITs, Pros and Cons
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 moreHow to Get Rid of Your Private Mortgage Insurance
As an owner of several rental properties, I strongly believe that your rental property has to generate positive cash flow. Depending on where you are located, finding a positive cash flow rental property might be harder in certain areas. For example, I live in the Washington DC suburb and it is difficult to find good … Read moreHow to Calculate Rental Property Cash Flow
Many investors like the idea of investing in real estate. Real estate has the allure of being considered a tangible asset, and there is the potential for regular income with real estate. Additionally, many investors aren’t comfortable with the traditional makeup of cash, bonds, and stocks, and want to branch out a little — real … Read moreHow to Invest in Real Estate
How to find the best mortgage rates? How do you find a good lender? These are some of the common questions that first time home buyers face. It is also something that I come across daily in my job as a Realtor. Today, I am going to share with you some insider information about how … Read moreHow to Get the Best Mortgage Rate
When it comes to buying a house, there are many things that you, as a Buyer, can negotiate with the Seller. How much you can negotiate depends mostly on the market condition, other buyers competing for the same property, and the Seller’s willingness to sell the house. Here are six things you can negotiate when … Read more10 Things to Negotiate When Buying a House
Should You Pay Off Your Mortgage Early? This is a popular question among homeowners. Some people believe paying off the mortgage as fast as possible is better, and some people believe investing the difference is better. In his book The Total Money Makeover, Dave Ramsey’s Baby Step #6 advocates paying off your home loan early. … Read moreDave Ramsey’s Advice to Pay Off Your Mortgage Early, Good Idea?
When you purchase a new home, there are a lot of costs that you might not think about. Some of the typical costs of homeownership, in addition to the mortgage payment (principal and interest), include property taxes, homeowner’s insurance, and utilities. However, these are costs that many people expect to pay eventually — even if … Read more10 Extra Costs When You Buy a New Construction Home
Should you refinance your mortgage? The general rule of thumb is if you can reduce your current interest rate by 1% or more, it is worth it to do a mortgage refinance. And many people are happy to follow this rule as long as it lowers their monthly payment or lets them take out some … Read moreShould You Refinance Your Mortgage? Refinancing Pros and Cons
As a Realtor, I have dissuaded potential home buyers from buying more than once. Yes, it is not good for my pocketbook, but it is the right thing to do. If you’re in the financial and credit position to buy a house, buying may still not be the right thing for you (see below). For … Read moreRenting vs Buying – Should You Rent or Buy Your Home?