What is a Reverse Mortgage Loan, and How does it Work?
If you’re a homeowner over 62 and in need of extra funds, perhaps it’s time to consider taking out a reverse mortgage. Unfortunately, if you aren’t a real estate or lending professional, you may not be as familiar with this practice. To help you make an educated decision about your financial future, here’s everything you need to know.
How to Get Started with Residential Real Estate Investing
Over the long term, investing in residential real estate is one of the most productive and effective ways to grow your wealth. However, to actually find success in this field, there’s a whole lot that you need to learn first. Make sure you check out these savvy ways that you can get started with residential real estate investing.
How to Refinance your Property’s Mortgage Loan
Whether you are looking to reduce payments, lower your interest rate, change mortgage companies or take out cash for a large purchase, a mortgage loan is a productive way to save money—but only if you take the right steps. Start by consulting this guide to figure out exactly how to refinance your mortgage.
Why Homeowner’s Insurance is Essential for Property Owners
There are many incredibly important steps that a prospective buyer must take on their way to purchasing a new home. Some are familiar, others aren’t. Nevertheless, they must all be undertaken with the utmost attention and deliberation when considering the consequences. Just think about what can go wrong if you don’t have a homeowner’s insurance[…]
Setting a House Sale Price that will get your Property Sold
If you’re looking to get your home sold in a timely manner, it’s important that you set a reasonable, attainable sales price to interest and attract potential buyers. Depending on your individual property, there are several factors that can determine your house sale price.
How an Interest Rate Hike Can Affect Homebuyers and Owners
In December of 2016, the Federal Reserve decided to increase the key overnight bank lending rate by a quarter of a percent for only the second time since the 2008 financial crisis. It may not seem like much, and it may only be a short-term deal, but this will produce major consequences for the housing market and affect long-term loan rates for[…]
A Buyer’s Guide to Financing a Commercial Building
One of the most important steps to buying commercial property is securing the necessary payments and funding to complete the transaction. With an undertaking of this magnitude, it’s essential that you practice due diligence in financing your commercial building. Whether you’re an investor, business owner or landlord, use this guide to learn how[…]
Measuring the Necessity of Renters Insurance
When renting property, a landlord or the homeowner will usually cover maintenance expenses and resolve most problems. However, what happens if there’s a robbery or a fire? Contrary to popular belief, some accidents that may arise aren’t the responsibility of the landlord. For protection from those incidents, there’s renters insurance.
Easy Ways to Cut Expenses when Owning Rental Property
Owning rental property is usually a sound financial investment. Besides all the money you’ll save by becoming your own landlord, there are still costs and expenses that people never even think of when they take on this responsibility. But if you have the right knowledge to make informed financial decisions, it won’t be difficult to yield a[…]
How to Make the Most of a Mixed Use Property
As a first-time investor in Long Island real-estate it can be difficult to decide which type of property you would like to invest in. Buying commercial property in the right location can yield significant returns, but the initial cost may be too great. Residential properties might not be as profitable as commercial properties, but they do have[…]
