Posts

Financing an Investment Property, Part 2

How do I finance an investment property for the first time? Last week I offered a 5 step blueprint to help answer this question. Mortgage rates are still low and a lot of homeowners want to know the best way to access capital to expand their real estate portfolio. What’s more, new legislation in California […]

How to Finance an Investment Property for the First Time

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 […]

Buying a New Home? Ask Yourself These 5 Questions First

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 […]

How Much House Can I Afford Right Now?

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 […]

You Don’t Need 20% Down for a Good Mortgage

For many homeowners, saving money for a large down payment can take years. Add to that rising house prices and discouragement can set in, especially if house prices are rising faster than you can save. But you don’t need to put 20% down on a new home to get a good mortgage. In fact, putting […]

How to Cancel PMI and Lower Your Monthly Mortgage Payment

Private mortgage insurance (PMI) is typically required for homeowners who put less than 20% down toward their home loan. In general, private mortgage insurance (PMI) is 0.5 – 1.5% of the total loan amount and is tacked onto the monthly mortgage payment. It can easily add a few hundred dollars to your mortgage payment every […]

7 Top Questions Your Loan Officer is Going to Ask

Even if it’s not your very first home purchase, you can to be prepared to provide your loan officer with what is required. Experienced home buyers may like a refresher for all the things provided and questions asked. Here are some questions you can bet your loan officer will be asking before you get too […]

Why Financing a Second Rental is So Much Easier

Financing a second rental property can be much easier the second time around. For those thinking about dipping into the investment real estate world, there are some important things to know. At its most basic level, financing a rental property is not much different as it relates to income, assets and credit. First time buyers […]

Still Renting? You’re Paying a Mortgage, Just Someone Else’s

If you’re still renting, you might think that you’re not paying a mortgage. Technically that may be correct but in the end, you’re paying the property owners mortgage.  When real estate investors evaluate a potential purchase, one of the first things they’ll be looking for is whether or not the unit generates cash flow. Investors […]

How to (effectively) Buy a Fourplex and Live Mortgage Free

Understanding how to buy a fourplex is an interesting concept and at first glance it might seem a bit misleading. The obvious way to buy a fourplex and live mortgage free is to pay cash for it. But many don’t take that route because it can put a dent in a bank account and tie […]