One of the questions I often hear from my clients is, How much house can I afford on my current salary? It’s a wise question, especially for homebuyers who want to build wealth and financial stability. When it comes down to it, every homebuyer wants a mortgage payment that fits their budget, their lifestyle, and […]
Learning how to finance a rental property is similar to financing a primary residence or vacation home. Most lenders follow the same general set of guidelines and funding often comes from the same sources. In general, mortgage financing for rental properties is often approved using standards set by Fannie Mae or Freddie Mac, although there […]
Qualifying for a mortgage isn’t always a straightforward process and your financial picture might not fit a simple profile. Tenancy in common offers a modern financing solution to help you build your wealth through property ownership. Sometimes the tenants in common have equal stakes in the property, but more often than not, buyers own different […]
Selling a condo can be very different from selling a home. The good news is that it’s often a faster process to sell a condo vs. selling a home. New homebuyers often look for condos as a first step toward homeownership, and condo buyers appreciate the lower cost and lower maintenance compared to single-family homes. […]
If you’re one of many unmarried homebuyers ready to buy a home with your partner, there are a few things to know. For one, marrieds and unmarrieds are treated differently when it comes to state laws and taxes, and buying a house together puts you straight in the crosshairs of both. A few things that […]
Buying a house with a friend or family member can put you on the fast track to homeownership. Together, you may be able to purchase a bigger home, move into a better location, or even buy an investment property for passive income. The hard part is finding the right friend. Homeownership requires financial stability and […]
Investing in real estate can protect against inflation, expand your wealth portfolio and hedge against stock market volatility. Still, investing in real estate is not without its own risks. If you’re thinking about buying a second home or investment property, it’s wise to know your options. Especially how to finance an investment property. Doing a […]
Mortgage interest rates are starting to inch upwards, and it’s difficult to know when they’ll start rising for good. If you’ve been thinking about buying a new home, now is a good time to take action before the holidays are in full swing. Traditionally, inventory dwindles during the winter months, so it can be difficult […]
One of the top questions I hear from clients is, “How much house can I afford right now based on my salary?” Usually, they tell me what they make and want to know how much house they can afford based on that criteria. But salary is only one part of the equation. To figure out […]
Buying a condo for the first time can be a smart path to homeownership in 2021. Condos offer homeownership at a lower purchase price than single-family homes and a lot less maintenance. Buying a condo also offers community living, access to shared amenities such as fitness centers, pools, tennis courts, or parks. As a result, condos are […]
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