
Monthly Mortgage Payment – Three Ways to Lower
Everyone likes to save money, right? And for most people the monthly mortgage payment is the most expensive outlay. Your monthly mortgage payment which includes not just the principal and interest payment but also a monthly allotment for property taxes and...
read moreMortgage Payment | Downsizing, Upsizing and Sideways-sizing
Mortgage Payment - Downsizing, Upsizing and Sideways-sizing: How to Manage Multiple Mortgages During Change Your mortgage payment may come to mind whether you’re looking for your forever home, thinking of buying a bigger home or simply buying and refinancing the...
read moreNew Federal Income Tax Changes
The new federal income tax brackets are now in place for 2018 and going forward. The new federal income tax rate have been called the most significant changes since the Reagan tax cuts back in 1981. And of course there will be the back and forth from both sides of the...
read moreWhy Pay Rent When You Can Build Equity
We all need a place to live, right? Food and shelter are two of our most basic requirements and while eating habits vary from person to person having a place to live is not an option. It just depends upon where someone lives and why. There are two types of residents,...
read moreWhy do I need mortgage insurance
The FHA (Federal Housing Association) did research in the late 50’s on mortgage default rate and concluded that homebuyers that put less than 20% down had a significantly higher default rate than people who had invested more than 20% down on their new homes. At this...
read moreWhy Borrow Hard Money
Why borrow hard money? To understand why so-called hard money is so important in the real estate marketplace today, we need to know what the term actually means. As you might expect, hard money, or private money, has interest rates and fees that above the norm when...
read moreWhere is the 10
Where is the 10-year Treasury Going to Be in Five Years? If you’re not in the mortgage business, a financial advisor or a portfolio manager, you most likely don’t pay much attention to the 10-year Treasury Note. But this index, along with other securities is followed...
read moreWhen is the Best Time to Buy Real Estate in Florida
Surely you’ve heard stories of real estate investors who just seem to have the golden touch, right? Maybe you’ve seen any number of shows on cable TV where someone finds a real diamond-in-the-rough and makes thousands of dollars when fixing and flipping the property....
read moreWhat is the VA Funding Fee
For most VA purchase money loans, the answer is a direct 2.15%. But the funding fee is more than just a number or a percentage but a key ingredient in the entire VA home loan program. Let’s break down what the funding fee is, its origin and why it’s necessary to...
read moreWhat is hard money
Hard-money or hard-equity refers to lending with little documentation or zero documentation on investment property. Unlike conventional financing hard-money lenders often lend to borrowers with no credit reports, zero bank statements and no tax returns. These types of...
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