Blogs

Rental property investment as a beginner – A guide to sheer success

At the time of investing in a real estate market, our prime goal is to engage our funds today and wait for it to increase tomorrow. The money will increase in the form of profit or "return". We must get sufficient return from the real estate investment so that it’ll cover the risk we have taken, and various expenses of owning the real estate investment. Those expenses may include the cost of utilities, maintenance, and insurance.

3 important reasons why lenders want to avoid foreclosure


3 important reasons why lenders want to avoid foreclosure

Lenders want to avoid foreclosure just as much as the borrower. Lenders provide mortgages for one undeniable reason - the profit (money). So, if you go for foreclosure, then they’ll lose their margin of profit on the property.

Lender are not interested to invest in the housing market just to own and sell properties. They want to gain profit by lending money. That’s why many lenders are willing to work with borrowers who decide to go for foreclosure. They even offer loan modifications and short sale options to prevent a foreclosure, and keep the money rolling.

Refinancing private mortgage – Important things and risks to remember

If you have a mortgage through a private lender, you might be thinking if you can possibly refinance it into a traditional mortgage.

Refinancing a private mortgage into a traditional mortgage is practically quite identical to a standard conventional mortgage refinance.

So, similar to a mortgage refinance option, you must keep your eyes on few things first:

How to utilize your home as a source of easy money?


How to utilize your home as a source of easy money?

When it comes to gather extra money, one of the most underutilised sources we have is our home. It doesn’t have to be the place where we dwell in always, but it can also be an easy money generator.

Here are a few ways you can encash your home to get more money.

1. Host a yard sale

Yard sales have a default advantage than other garage sales or indoor sales.

You can put several items in your front yard that you wish to sell. You can decorate trees and make the place cozy with decorations, umbrellas, and other attractive items.

Are you planning to buy a home? Check out these do’s and don’ts

Purchasing a home is a costly affair. You need to consider a lot of things like location, neighborhood, purchasing capacity, and so on before applying for the mortgage.

Check out some do’s and don’ts that you must follow while purchasing your home-sweet-home:

Is it possible to get a refinance in just 21 days?


Is it possible to get a refinance in just 21 days?

Yes, it is possible. You might have done a lot of hard work to get the home loan initially. But today, if you want to save a decent amount from the monthly payments, refinance can be the prime option you have in the first place.

Here are some reasons why you should consider refinancing your home.

Is paying someone’s mortgage good for your taxes?


is-paying-someones-mortgage-good-for-your-taxes

When it comes to giving a financial help that someone will remember always, paying off someone else's mortgage might be the best gift ever. How can paying off mortgage for someone else is considered as a gift? Here's a basic picture that you must know first:

Paying off someone’s mortgage as a gift

Practically, this type of mortgage payment gifts can be done by:

Mortgage discrimination: Does it still exist?


Mortgage discrimination: Does it still exist?

Yes, it does.

According to recent reports, "Wells Fargo would pay $35 million to settle legal claims stemming from allegations of racial bias."

Continue reading to discover more about this ugly truth of the mortgage industry.

What is mortgage discrimination?

Mortgage discrimination means denying home loan to individuals or a group of people on the basis of their race, religion, sex, or ethnic origin.

Mortgage tax deduction 2017 - What you must know being a homeowner

Are you prepared for your tax filing? Tax season is at your door steps - don’t forget the last date of your tax filing. Yes..it’s on April 18th. You probably have started filling out your tax forms, but if you are a homeowner, you may have questions regarding how to properly file your taxes.

Being a homeowner you’ll find many tax benefits, but some homeowners hesitate to take the full advantage of them.

Great ways of being a homebuyer when you are low on funds


great-ways-of-being-homeowner-when-you-are-low-on-funds

At present, if you are living in a rental home or an apartment due to short of funds, here’s a good news for you. There are few mind-blowing home buying options that’ll help you to get out of the loop of being a “tenant” and fulfill your dream of buying a house.

Let’s check them out:

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