To state the obvious, homeowners like it when property values begin to rise. When a home’s value increases, so does the owner’s wealth. However, when this happens, more and more people begin to view real estate, including family homes, as a form of investment—but this isn’t necessarily a good thing....
Category: Investment
Have Outstanding Credit? You Deserve an Outstanding Rate
Here’s a question you’ll want to answer for yourself if you ever apply for a mortgage loan: what’s my credit like? There are different ways of measuring your own creditworthiness, and the best way is to obtain your FICO credit score. These reports are a numerical representation of your credit...
Should Your First Home Be an Investment Property?
Generally, people wait until after they’ve bought their first home—or in some cases even their second—before they start seriously investing in real estate. However, there’s no rule to say that you can’t start earlier. In fact, more and more people are making their very first home purchase an investment property....
The Pros and Cons When Considering a 15-Year Mortgage
Many borrowers and aspiring homeowners assume that they’ll be making mortgage payments for a full 30 years. While the 30-year mortgage has long been the standard, it’s important to know that other options exist—including one that cuts the standard loan term in half. Of course, we’re talking about the 15-year...
5 Mortgage Refinancing Errors to Avoid
There are many reasons to consider a mortgage refinance—shrinking your monthly payments, minimizing your interest rate, or freeing up additional cash for another major purchase. With that said, refinancing doesn’t always work out as borrowers hope it will, and there are a few common refinancing errors you’ll want to avoid. ...