Bridge Loans Explained: How to Buy a New Home Before Selling the Old One
A bridge loan costs $13,000–$17,000 on a $200K loan—often less than the discount sellers demand for a contingent offer. Here's when the math works and when it doesn't.
Mortgage Basics – Reading an Amortization Table
Most borrowers don’t should keep tabs on where their money goes to manage a home loan. Maybe giving a read on your amortization tables is in order.
Fannie Mae Posts Record Profits in the Second Quarter
Just a few years ago Fannie Mae was in a dire situation. They had gotten in over their head with subprime mortgages.
The Impact of Interest Rate Increases on Mortgage Applications
The lower the interest rate on a mortgage loan, the less a borrower pays monthly and over the life of the term.
Understanding What is APR and What is an Interest Rate
The interest rate on a home loan has a tremendous impact on how much you actually pay for the house.
Mortgage Basics – Using an Online Calculator for Mortgage Payment Estimates
Buying a house is one of the biggest decisions you’ll ever make – and probably the largest purchase you’ll ever make. Now you should think of the mortgage.
Tips for Evaluating an Investment Property
Getting the most amount of profit from an investment property is not going to come by accident – or luck.
Make an Extra Mortgage Payment and Take Years Off Your Mortgage
Homeownership isn’t for everyone. Maybe you like the idea of renting, as you’re not tied down to one place or responsible for repairs.
4 Qualities of Good Investment Advisors
Investment advisors can be found just about anywhere. Unfortunately, this does not at all mean that they are good ones or that your money is safe with them.
As Housing Prices Rise, 3 Ways to Estimate What is Equity in Your Home
Even if you plan to stay put for the time being, there are good reasons to keep a close watch on your equity.
They’re Back! ARMs Hit 5 Year Highs
As hard as it may be to believe, the adjustable-rate mortgage (ARM) has reached levels not seen since the housing bubble burst in 2008.
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Just in Time for Halloween: The Mask of Condo-Mania
If you’re among small real estate investors who don’t think it matters what the big developers do, consider what happened when Wall Street and larger investors learned this...
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The Simplest Guide to Successful Selling
You are ready to sell your investor house and collect the benefits. Hopefully. But your profits are razor-thin, so you don’t want to involve a broker who will reduce the small...
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Sound Familiar? House Flippers Hit A Snag
Uh oh. Haven’t we seen this movie already? As many of you undoubtedly know, much of the housing “recovery” has been concentrated in what is euphemistically referred to as...
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Move Fast to Sell Your Home Before Thanksgiving
Some buyers preferred the more laid-back, relaxed environment of the holidays because they have few competing buyers for properties they are interested in touring and possibly...
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Flip-flopping on Flipping
A recent report contends that short-term investor profits from home flipping are declining. I view this as good news, at least in my opinion.
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Is Housing Market Following Stock Market Pattern?
The stock market crashed. Is the housing market next? That’s not my opinion. And if you asked me, I would say I don’t know if that will happen.
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