You’ve heard me talk before about the importance of the secondary market as it relates to the mortgage industry. Understanding how underwriting works and why there are exceptions is just as important when it comes to your mortgage. Mortgage Industry Overview There is both a primary and a secondary market in real estate finance. The […]
If you or someone you know is a first-time homebuyer ready to embark into homeownership process, there are some things you should know and be doing now. Follow these simple tips and your buying process will be a breeze, even a first-time homebuyer. First-Time Homebuyer Checklist Check Your Credit. Check your credit before you get […]
More and more investors are placing real estate into their portfolios. It’s a special asset class that both appreciates over time and provides the owner a monthly cash flow. Investors also know to leverage their money with today’s low interest rates. It simply follows that the lower the cost of funds the greater the cash […]
Real estate investors take time to properly determine whether a particular property is a good investment. There are multiple factors to consider when investing in real estate which is where the debt service coverage ratio comes into play. After all, real estate isn’t the most liquid of investments. Common Ways to Evaluate Property The first […]
In real estate, a mixed-use property is one that contains both residential as well as commercial space within its interior walls. A commercial property is an income producing property and can be as varied as a gift shop to a doctor’s office. To finance a commercial property, a commercial loan is needed. These loans are […]
Let’s face it, there are some very real advantages of renting instead of owning. Most of those advantages are related to a change of scenery. When paying rent, you have a choice of where you want to live, how much you want to pay each month for rent and how long you want your lease […]
Buying a first home is probably the biggest financial decision someone can make. For those who already own their own homes they can relate. It’s a process that can be explained upfront but until someone goes through it, experience is the ultimate teacher. Finding, buying and financing a home can be a rather drawn out […]
For those who occasionally wonder whether or not it’s time to consider buying a home and stop being a renter, it can be difficult to ultimately lead to the decision to drop the landlord and buy your own home. There won’t be any midnight revelation that says, “Buy Now” or anything remotely similar. Even if […]
It appears that, while not backtracking, the Federal Reserve has indeed changed its tune regarding their policy on interest rates. The Federal Open Market Committee, or FOMC, wrapped up its most recent two-day meetings this past January 30. The FOMC meets about every six weeks to review the current state of the economy, review recent […]
It’s now closer to the time when holidays and days off are further in the rear view mirror and it’s back to the standard routine. Investors are back in the markets packing their portfolios with stocks, mutual funds and bonds and analysts are moving back in the guessing game as to the state of the […]
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