Serious illnesses and injuries seem to happen at the worst times and when they do, they can really wreak havoc on your finances. If you find yourself up to your eyeballs in medical bills and unable to pay them, you could end up hurting your credit, which in turn negatively affects your mortgage eligibility. When do Medical Bills go to Collections? The first thing to … [Read more...] about How do Unpaid Medical Collections Affect your Mortgage Eligibility?
Flood insurance is one of those mysterious things about home ownership that many people believe the wrong things about. The most common myths about flood insurance are often the ones that keep people from purchasing it and end up forcing them to pay, literally, in the end. Here are the most common myths that you should really learn the truth about so that you can understand … [Read more...] about Common Myths about Flood Insurance
A "1031 exchange" can be a smart way for you to defer paying a large capital gains tax should you decide to sell a rental property that has appreciated substantially over the years. Let’s face it, after you've invested your hard-earned money, time and effort throughout the years to provide tenants with a comfortable place to live, it only makes sense for you to keep as much of … [Read more...] about Using a 1031 Exchange to Sell Your Rental Property
“By failing to plan, you are planning to fail”. That statement establishes the importance of creating a rental property investment plan. If your main objectives for investing in rental property are to fund your child’s education and provide for your retirement, then having an investment plan will help tremendously with being able to achieve those goals. To achieve your … [Read more...] about Why Planning is Essential for Rental Property Investing Success?
Mortgage Insurance Premium Rates FHA Mortgage Insurance Premium (MIP) rates have changed drastically for the year 2015. This is in large part due to the fact that the insurance reserves are reaching its highest expected total this year, enabling the FHA to pass the savings onto homebuyers, making home ownership a higher likelihood for many people. The high reserves are due … [Read more...] about Mortgage Insurance Premium Rates