The percentages vary from one report to another but there is no question that a very high percentage of multi-millionaires attribute their financial success to real estate investments. That doesn’t address how much money they started with or what connections they had to get started. After all, Donald Trump didn’t start with zero assets. Most Read More… »
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» Buying Real Estate – Evaluating Rental Investment Property
Just as real estate market deterioration has been known to lead the economy into a recession, it also has always been a spring board to recovery. Considering the thousands of products and services associated with residential and commercial construction, it is no surprise that our prosperity is so dependent on this one segment of the Read More… »
» Home Mortgages – What No Lender Will Ever Reveal
The most interesting aspect of the commission structure is termed “underage and overage”. Under this practice the lender allows the loan officer to make loan pricing concessions to match or beat the competition. Generally the company and the loan officer share the shortfall or underage. Conversely, they both share in any gain or overage as well.
» Managing Credit – How to Establish and Maintain a High Credit Score
Many of us remember our fathers or grandfathers commenting on the use of credit to achieve our purchases as something close to blasphemy. In decades past the prevailing attitude in middle class America was “if you can’t pay for it, you shouldn’t buy it”. In today’s complicated social and economic environment, maintaining a good credit score has become critical to home, family and the capacity to function effectively in everyday life in general. It is not just about the means to finance purchases but empowers employment opportunities, social status and financial management as well.
» Fannie Mae and Freddie Mac – Pervasive Impact on the Real Estate and Mortgage Industry
Although both Fannie Mae and Freddie Mac have been disparaged in recent years due to their role in the real estate market meltdown, they are still and will continue to be the dominate influence in the mortgage industry. For decades their mortgage market platforms have provided Americans with uninterrupted access to funds for their real estate purchases. Their government sponsored status empowers them with ultimate creditability in international financial markets insuring that funds will be available for real estate purchases in the predictable future.
» Your Credit Report – Critical To Buying a Home and Obtaining a Mortgage
Inaccurate reporting continues to create havoc throughout the credit industry. The primary deficiency is clerical error which would seem to be an easy fix but usually it is not. Credit repositories (bureaus) will not make changes to the information reported by ones creditors without confirmation by the creditor. The creditor’s employees are reluctant to authorize the bureaus to change reported data without proof that information reported was erroneous. However, there are ways consumers can protect themselves.
» Buying or Refinancing a Home – Want a Fixed Rate Mortgage That Really Makes Sense?
At the forefront of our new mortgage market generation is the Automatic Rate Cut (ARC) loan offered by a national bank for most locations in the United States. What separates this mortgage from the norm is that at any time interest rates drop more than 1/4%, the loan is recast at the lower rate.
» Is Now the Right Time to Buy a Real Estate Investment?
Every change in economic conditions affecting real estate creates a new opportunity for financial gain. If you currently own your home, this may be a great time to purchase a residential rental property. For those who are in a position to make the 20% down payment required by lenders for investment property, all of the other elements are in play for a successful purchase.