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The Money Side of Real Estate
The Money Side of Real Estate
Sometimes refinancing is not about getting a lower interest rate. Sometimes it is about solving a bigger problem. In this real-world example, a homeowner had a mortgage balance of about $285,000 at 3.60%. Because of a divorce, the homeowner needed…
A lot of homeowners today have a large amount of equity in their homes. 45% LTV vs. 85%: Why Today’s Housing Market Is Different — Even as Foreclosures Rise Housing headlines can sound scary. Foreclosures are increasing. Affordability is difficult.…
Sometimes you don’t need more bedrooms. You just need more house. A family may already own a 4-bedroom, 2-bath home, but with adult children still living at home, the house can start to feel too small. Moving to another 4/2…
Real estate investors sometimes get into a property using expensive short-term financing because they need to close quickly. Real estate investors sometimes use expensive short-term financing to purchase a property quickly. That can be a good strategy to get the…
Why retirement planning and real estate need to be looked at together. The homeowner is retired. The house is completely paid off. There is substantial equity in the property. But based on the current spending and retirement income, the available…
When mortgage rates are moving higher, one of the biggest decisions a buyer has to make is: Do I lock my interest rate today or wait and hope rates come back down? There is another question that is just as…
For many homeowners, their largest financial asset is their home equity. But equity sitting inside a house does not automatically create cash flow. There are several ways homeowners may access it: The right choice depends heavily on your existing mortgage.…
A rental property going up in value does not automatically mean you should sell it. A rental property going up in value does not automatically mean you should sell it. And collecting rent does not automatically mean you should keep…
This is one of the biggest questions homeowners face. Selling first gives you certainty. You know exactly how much equity you have available for the next purchase. But you may need temporary housing while searching for another property. Buying first…
Waiting to buy can sometimes be the right decision. Waiting to buy can sometimes be the right decision. But waiting also has a cost. Imagine a home today costs $450,000. If prices increase 4%, that same property could cost approximately…
