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?
If you want to purchase a home, you might wonder, “how much house can I afford to buy?” With the mortgage rates still close to its all-time lows and home values still below the peak, this may be a good time to buy. But how can you figure out how much house you can really afford? How … Read moreHow Much House Can I Afford? 6 Ways to Find Out
Now that the house hunting season is in full swing, I thought it’s a good idea to revisit these house selling tips again. Although the economy has been improving, the housing market still favors buyers over sellers in many areas (with the exception of some low inventory areas where there are more buyers than sellers). … Read moreHow to Sell Your House Fast – 9 Tips to Get the Most From Your Home Sale
People are greatly divided on the topic of early mortgage pay off — some say it’s a good idea, others disagree. This topic is highly debatable because there are so many factors to consider, and even a slight change in one of these factors could swing the answer in one way or another. In any … Read moreShould You Pay Off Your Rental Property Mortgage Early?
Homeowners preparing to sell their properties and immediately buy new homes must carefully organize their plans to execute smooth transitions from owner, to seller, to purchaser. Prior to making offers on homes or listing current properties, review these five preparatory guidelines to get the greatest return on investments (ROI). 1. Shop Professionals Judging the complexities … Read more5 Preparation Tips to Buy and Sell a Home Simultaneously
Selling your home is not an easy thing to do. Most of us only get to do this once or twice in our lifetime, so there are usually more questions than answers. However, you can make this tough process easier by learning about and knowing how to avoid these five common mistakes. 5 Common Home … Read more5 Mistakes to Avoid When Selling Your Home
Many investors like the idea of investing in real estate. Real estate has the allure of being considered “tangible.” After all, you can touch it, and there is the potential for regular income with real estate. Additionally, real estate can make a nice addition to a well-diversified investment portfolio. Many investors aren’t comfortable with the … Read moreHow to Invest in Real Estate
Even after the crash of the housing market, homeownership remains a major financial milestone for many. Indeed, for some, homeownership is still a major part of the American Dream. If you’re going to buy a home, though, you will likely need a down payment — especially if you want the best mortgage rate. For those … Read moreHow to Use Your 401k and IRA for Down Payment on a House
I began investing in single family homes with a good friend and business partner about 4 years ago. In that time, we’ve purchases and remodeled 5 single family homes, all of which are rented by reasonably reliable tenants. Over that time we’ve learned a thing or two about investing in real estate. In this article, … Read more10 Real Estate Investing Tips from a Successful Investor