This article will guide you through the labyrinth of options available and what you should consider if you’re in the market for self-storage units.
Category: Home Buying Tips
In 2020, MassLive reported that at least 2,000 homes in Massachusetts have crumbling foundations due to pyrrhotite. The state estimated at the time that the cost to fix all these homes would total $350 million. Roughly, fixing the problem would cost $150,000 to $250,000 per house.
Landlords are in the investment business – buying apartment buildings to provide a Return-on-Investment (R.O.I) to an investment fund that owns the building. The best way to increase the investment value of an Apartment portfolio is to boost the profitability of it.
A mortgage is one of the best financial product inflation hedges ever created. What do I mean by inflation hedge? Let’s call it protection against inflation, or totally outside of the effect of inflation.
Can I Sell My House without a Realtor? Yes. You absolutely can. It’s legal to do so and you don’t need a license to sell your own home. For every vote that you can do it yourself, you will get 99 votes that you shouldn’t. This answer is the 1 vs the 99. To sell […]
About 100 times per year (twice a week) I dance around the subject of both spouses securing the mortgage obligation when buying their first home. For most home purchases we participate in, one spouse has the ability to carry the debt (qualify) without using the other’s income.
An apartment provides you with a safe place to operate from and clean accommodations for your life. Here is a list of some of the things funny and practical that you can’t do from your apartment – only in your own home.
I debrief ARMs in detail on our website: ARM Debrief. But am compelled to write to you today based on the ludicrous volume of advocacy for the ARM as a workaround to the rate increase of the Fixed Mortgage.
Yes – from $647,200 to $715,000 available immediately and into 2023. There aren’t too many financial topics where inflation is considered a good thing. Taxpayer income brackets, I-Bonds, Social Security indexing, and Cost-of-Living (pay) increases are a few that come to mind.
You’ve just been made a Partner at your firm. Congratulations. Because you can now truly afford it, you opt to purchase a home that was previously out of reach. Except maybe you’re not.
In mortgage underwriting-land, when you alter your pay methodology, you also enter into a new classification of underwriting (there are several).
Without bias, I’m going to let my author-self write like this is instructions to my children. Before taking any “First Steps to Home Ownership” you will need to plot a course. The investment in that plan will have a tremendous return on the time to create it. With a completed written plan course map you will take fewer overall steps in the process.
How will rising interest rates affect the future price of buying a new home? There’s more at play here than only soaring interest rates.
Should I renew my apartment lease or buy a home for myself? You’re curious about options and curiosity is a great mindset to be in. It sure beats asking questions later like, “How do I break my lease?” or “how did my new home lose so much value?”
The keyword in the answer to this question is “amicable” as in the communication and resulting terms being such. With the support of the goal of one party keeping the house by both parties, it can be done.
Thinking about buying a home in 2022? If so, you may be keeping a close eye on current mortgage rates. It can be hard to predict how rates will change in a given year, and rates alone aren’t the only thing to consider when buying a home, but they do have an impact on your finances.