Mortgage rate lock and rate lock extension fees are important variables future homeowners should know about, especially with the current fluctuations of housing interest rates. A mortgage rate lock is a commitment by a lender to provide a borrower with a specific interest rate for a certain period during the
The Importance of Having a Clear Plan Real estate investing can be a lucrative and rewarding venture, but it also comes with its fair share of risks and uncertainties. During my time as an investor, I had to create a good plan that continued to evolve as I have become
Understanding the amortization schedule for a loan can also help borrowers make informed decisions about loan repayment. For example, borrowers can use an amortization calculator to see how much of each payment goes towards interest and principal, and how much they’ll pay in total interest charges over the life of
Welcome, fellow real estate enthusiasts! Today, we’re diving into the world of buy and hold real estate investing, a long-term investment strategy that aims to generate recurring rental income and build wealth over time. As a potential investor, you might be asking yourself a few questions. How does this strategy
Refinancing a hard money loan will be a way for you to get into conventional, government backed and longer term loans. You will need to be able to qualify with the lender you choose to work with. Refinancing hard money loans can be a great way to save money and
Risk Tolerance in real estate is an important factor to consider when you are looking to start from scratch or further your real estate investments. Hello, fellow real estate investors! Today, we will be discussing an essential topic for any successful career in real estate: risk tolerance. As you plan
A Home Equity Line of Credit (HELOC) offers advantages such as flexibility and sometimes lower interest rates but also has potential risks which should be considered such as variable rates and it will put a second lean on your home that if unpaid can cause you to lose the asset.
Screening tenants can be a huge lift for someone who is just starting out with their rentals. Time and the right tools can be extremely helpful. We highly recommend using property management software if you plan to manage your own rental properties. TurboTenant is an excellent all-in-one platform, offering everything
DSCR, Debt Service Coverage Ratio loans can be an incredibly useful tool for an investor who wants to qualify using the property’s potential vs their own credit. Now of course that doest come without some requirements applied by the banks but as long as the asset meets the DSCR requirements
Hard money loans can be a great option for real estate investors looking to get into the real estate game and use other’s money to do it! When investing in one or many properties as a borrower, hard money is an option that many will consider trying to get their
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