Real estate investors today are expanding their portfolios to include investment real estate. Residential real estate is the only investment asset class that both appreciates in value while simultaneously providing monthly cash flow. As property values increase so too do rental rates. If you’re been seriously considering buying a rental property, there are three things you can expect.
Investment real estate is[...]
The mortgage process can feel like a whirlwind of confusing new terms, costs for items you haven’t heard of before and daily documentation requests from your lender. One of the terms that may come up during your lending process is PMI (private mortgage insurance) or MI (mortgage insurance). This is important to learn as it can be the difference between a few hundred dollars monthly.
Mortgage insurance was[...]
Getting a mortgage can feel like a daunting task. You may not know where to start, who to talk with or if it is possible at all. The first step of the mortgage process is getting pre-qualified. When getting pre-qualified by a lender, you will sit down and evaluate your current financial situation. You will go over your current financial situation, look at the different types of loans available to you, and can ask any questions you have about the process.
However, not every[...]