Currently Browsing: Finances
How to Stop Paying for Mortgage Insurance
When you bought your house, mortgage insurance might have been required if you didn’t have enough money available for a substantial down payment. So, not only are you paying your mortgage every month, but you also have a payment for private mortgage…
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What Is a 1031 Exchange?
Are you the owner of a rental property? Then, you may not know you qualify for a real estate perk called the 1031 exchange. This specialized transaction offers investors a unique pathway to expand their real estate holdings while deferring tax responsibilities….
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Demystifying the Earnest Money Deposit in Real Estate
When it comes to making a real estate investment, several moving pieces go into signing the final paperwork and receiving your keys. One of the steps includes earnest money deposits. What do you know about earnest money, and how can it affect…
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Unlock a 25% Return on Your Real Estate Investment
Is it possible to expect an ROI of 25% when investing in real estate? Sure it is! If you purchase a home at $500,000, then decide to put down $100,000 as your initial investment, the house will appreciate. On average, homes appreciate…
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Amortization: A Blessing in Disguise
When you buy a home, amortization works in your favor to help you pay off your loan principal when making mortgage payments each month. If you were only ever to pay down interest, there would be no difference between renting and buying…
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Closing Escrow – How it Works
You’re finally reaching the finish line to make your dream become a reality: you are buying a home! All that is left is to sign the paperwork and get the keys. But there are a few things you need to know about…
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You Know You Want to Talk About HOA and Mello Roos
When you are buying a house, especially in today’s environment, you have to look at all the different things that are costing you money on a monthly basis. Homeowner’s Association dues and special assessments (Mello Roos) can be two of the main…
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Why Real Estate is One of the Best Investments
A lot of people are talking about investing in cryptocurrencies. If you think that’s a good investment, maybe we should circle back to real estate. I’m going to explain to you why. I want to help you see why real estate is…
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Paying Off Your Home – Leveraging Amortization
You’re making mortgage payments, but ultimately the goal is to pay the loan in full so you have a place to live without a monthly payment. Every time you pay the mortgage, part of the payment goes towards interest costs and the…
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How Amortization Plays a Role in Paying Off a Home
The dream of homeownership is to eventually live in a home mortgage-free, allowing you a comfortable retirement with low cost of living. Each time you send your mortgage payment, part of the payment goes toward the loan principal and part of it…
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Tip for Managing Cash Flow During COVID-19
I wanted to take a moment in lieu of my normal video to share a pertinent, timely message. As I’m shooting this video, the government is supposed to be announcing the stimulus package – the details of that program will likely be…
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