Apparently, Real Estate Scams from the 1990s are back. Some scammers are posing as landlords … stealing rent checks. Others claim to be foreclosure specialists. It is sad to think the scammers are purposefully targeting individuals that are already in a tight spot.
Buying a new house? How long do you plan on staying there? If you plan on living in this home long-term, you may want to look into paying points on your mortgage. You may pay more up front, but the savings in the long run can be significant.
My wife and I have been working on getting our finances in order….budgeting…paying off debt…etc. With this new “cut corners” mentalitiy, I started looking at the current interest rates and thought about refinancing our house. We are currently on a 30 year fixed at 6.82% rate. We talked with our bank. They mentioned a lower 5% interest rate for 15 years. Our monthly payments will still go up, but according to my math ( and online amortization calculators ) it is only about $180 a month. I will save over $110,000 throughout the life of the mortgage.
If you are new to real estate investment, you might be finding all of the information that you need to know a bit confusing. However, by following these five simple steps, over and over again, you can put yourself in the best position to complete as many transactions as possible and realize amazing profits just like the seasoned professionals do.
As we have hit hard times in the market, the time has come for homeowners that are looking to sell their property to think creatively. If their home is just sitting on the market, they should begin considering Rent to Own. A Rent to Own would immediately free them from their payments by having a qualified tenant buyer in the home that makes monthly payments, does repairs, and takes good care of their home as if it were their own, as at some point in the near future, it just may well be if they decide to exercise an option to purchase the home at a predetermined price and during a predetermined period of time.
Are you trying to sell your home but you do not want to just rely on a real estate agent to do it for you? Did you know that you can sell your house online?