Four Different Ways for Financing a Fixer Upper Home of Your Dreams

Financing a Fixer Upper Home of Your Dreams

Remodeling your home can cost you a fortune if you’re not careful. This is especially true if you purchased a house that needs renovations and remodeling. But, you can find several smart ways of financing a fixer upper and saving you a pretty penny in the process. Financing a Fixer Upper So, how do you finance a home remodel? What are the ways for financing a fixer upper? Here are four ways that you can finance your remodeling project without breaking the bank. Taking Out a HELOC One way for financing a fixer upper is to take out a home equity line of credit (HELOC). Of course, you want to be very careful and ensure that you plan to stay … Read more

The Dangers of Short Selling Your Home Are Enormous and Long Lasting

The risks of short selling your house

Selling your home with a short sale, which is selling it for less than you owe on your mortgage, not only takes a lot of time and energy, but it also as a lot of long-lasting consequences as well. There are many things that you should consider before going the route of selling your home for less than you owe on your mortgage. Here are a few reasons why short selling may not be a great idea for you. Short Selling Your Home Nukes Your Credit Score The only thing worse you can do to your credit score with respect to your home is having it foreclosed on. Selling your home with a short sale is almost as bad in … Read more

Pros and Cons of Paying Off Your Mortgage Early

Understanding The Types Of Mortgages Available To Save You Money

One of the most significant financial events in an adult’s life is the moment when they pay off the mortgage on their home. It’s something we spend decades preparing for by faithfully making our payments on time and in full, month after month until the home finally belongs to us. As of 2017, 34% of Americans had 100% equity in their homes, which means they either paid off the mortgage or bought their homes outright and never had a mortgage loan in the first place. If you’d like to join the mortgage-free club in the future, there are many reasons why you might (and might not) want to pay off that mortgage loan early if you have the means to … Read more

Stessa Review – Smart Income and Expense Tracking for Property Owners

Renting with Poor Credit

The decision to invest in rental properties has the potential to be enormously lucrative for your portfolio, but it can also be a great challenge if you’re unprepared for the obstacles involved in property investments and upkeep. Not only do you have to scout out qualified tenants and fulfill any requests they have during their lease, but you also have to maintain the property, repair any issues, stay up-to-date on property taxes, and restore it to pristine condition whenever tenants move out. Rental property ownership is further complicated by distance (if you live 2+ hours’ driving distance away from your rental property), as well as income/expense tracking, which can be quite complicated compared to managing your own personal finances. To … Read more

What Is a Bi-Weekly Mortgage Payment?

If you have a 15 or 30-year mortgage, it may seem like it will take forever to pay off your debt. Thirty years, or even 15 years, is a very long time to continually have to make payments on something even though it is your house. However, there is a trick to the mortgage payment system that allows you to pay off your mortgage even quicker than you expect with little pain out of your pocket. It is called a bi-weekly mortgage. What Is a Bi-Weekly Mortgage? A bi-weekly mortgage is just like it sounds. You make mortgage payments every two weeks instead of monthly. Instead of making one single monthly payment, you pay every other week, no matter what. … Read more

Streitwise Review – Easy Real Estate Investing for Investors

streitwise

Real estate is one of the most consistently lucrative investment opportunities firms limited to the likes of investors and exclusive investment firms with large rental properties and commercial real estate. But, not with Streitwise. They are one of the only fintech investments that allow non-accredited investors. They are still open to non-accredited investors and accredited investors alike. Thanks to the expansion of fintech (financial technology) innovations, it appears the exclusivity of commercial real estate investments is going away, in favor of letting everyday investors access the profitable world of big-time real estate investing. For instance, Streitwise allows people to invest in commercial properties for as little as $5,000 upfront, and since the company is primarily web-based, they offer substantially lower … Read more