If you want to get into real estate investing, you have a lot to consider – more so than goes into purchasing an owner-occupied residence. Because a rental property is supposed to make you money, you have to look at all aspects of the financial components of buying the property. Compare Offers from Several Mortgage Lenders. We discuss the most important areas below. The … [Read more...] about Analyzing a Rental Property Purchase
Mortgage Tips for Self-Employed Borrowers
Today there are many more self-employed people than ever before. While it’s a great feeling to work for yourself and create your own success, it does come with its hardships. Getting a mortgage could be one of those hardships; however, it’s easier today than it sounds. The mortgage crisis seemed to cause a crackdown on those working for themselves simply because they didn’t … [Read more...] about Mortgage Tips for Self-Employed Borrowers
What are the Major Costs of Owning a Home?
Buying a home means more than making sure you can pay the mortgage payment. There are many costs you must consider before you purchase a home. Talking with the current owners can help give you an idea of the average cost of a particular home, but we will discuss in general the factors you should consider. Get Matched with a Lender, Click Here. Real Estate Taxes First, let’s … [Read more...] about What are the Major Costs of Owning a Home?
Is the Home Sale Price a Public Record?
The home sale price of various homes can give you a lot of information. Whether you are in the market to buy in the area or you want to know the value in your current area, finding out home sales prices can be a valuable resource. Looking for Current Mortgage Interest Rates? Click Here. Luckily, the home sale prices are public record. How you access those records may differ … [Read more...] about Is the Home Sale Price a Public Record?
Is it Wise to Use a 401K to Pay Off Your Mortgage?
You want to get out of debt, including your mortgage, so you think it may be a good idea to use your 401K savings. While we are all for consumers getting out of debt, the one time we wouldn’t recommend that you pay off your mortgage is if you have to use your retirement funds to do so. Your 401K funds should be left untouched until you are at least 59 ½, if not later. Get … [Read more...] about Is it Wise to Use a 401K to Pay Off Your Mortgage?