How does a reverse mortgage work? A few years ago, my mom and dad were in a tough spot financially. Living off of a smallpension and an even smaller Social Security Check, they were having trouble keeping up with their bills.
They were still paying off their mortgage and a home equity loan they had [...]
If you are planning on buying a new home, try to save as much money as possible for the down payment. Ideally you will be able to put down at least twenty percent of the purchase price.
If your down payment is less than twenty percent of the sale price, you’ll be required to obtain private [...]
Has anyone ever told you that investing in rental property is easy? Yep, just buy a property with no money down, wait a year and then sell it to the next person in line for a hefty profit, all while collecting monthly rent checks and not getting your hands dirty. Sounds great - ok, my [...]
How to finance rental properties. It’s 2008 and much has changed in the mortgage industry. Between the year 2000 and 2007, we could all get zero down mortgages on rental properties. Even if our credit scores were as low as 580. Credit was easy to obtain.
The purpose of this article is to show you the [...]
For rehabbers, finding construction financing can be even more difficult than finding the right property to buy. Banks and most other lenders have many rules and regulations to follow. Most offer nothing more than conventional mortgages. Some offer home improvement loans, but one requirement is that the borrower is living in the house. Of course, [...]
With the slow real estate market we are experiencing, you want to make sure that your house is as attractive as possible to potential buyers. You need to remember that when buyers visit your house, they are imagining what it would be like to live in your home.
For instance, if your house doesn’t smell well, [...]
If you’re a FSBO seller, or thinking about becoming one, you’re asking yourself: exactly what does a real estate agent do to sell a home? Your next question should be: Can I do this myself? Here are some FSBO tips for listing and selling FSBO real estate.
Information is king. Real estate agents provide potential buyers [...]