Rental homes are the IDEAL investment because they offer a higher rate of return than other investments without the volatility of the stock market. With certificates of deposit and bonds at less than 2%, people need an alternative investment that they understand and with a reasonable amount of control. In this case, IDEAL is an… [Read More]
Save the Cost of Mortgage Insurance
During the banking crisis in the Great Recession, certain types of mortgages were unavailable that are once again being offered. Fortunately, the 80-10-10 mortgage is one of those making a reappearance and it can save borrowers a considerable amount of money. The objective of an 80-10-10 mortgage is to avoid the expense of mortgage insurance… [Read More]
Before You Pay Cash for a Home
The National Association of REALTORS® reports in its 2016 Profile of Home Buyers and Sellers that 12% of all buyers paid cash for their home. Before paying cash for a home, a buyer should decide if they might put a loan on the home in the near future. It may affect the ability to deduct the… [Read More]
Home Buyers – What Would You Give in Order to Buy a Home?
Yogi Berra said he’d give his right arm to be ambidextrous. While most first-time home buyers are not going to that extreme, it is interesting to see what sacrifices are being made according to the National Association of REALTORS® 2016 Profile of Home Buyers and Sellers. 43% – cut spending on luxury or non-essential items 34% – cut… [Read More]
Rent or Buy – You Pay for the Mortgage on the House You Occupy
The ironic thing about people who think they can’t afford to buy a home for themselves, end up buying the home for their landlord. There are several facts that support this notion. Weather you rent or buy, you are paying for the house. Only difference is who you are paying. Mortgages, whether held by an… [Read More]