Mortgage & Home
Everything you need to know about paying off your home early, getting a mortgage and saving money around the house.
Compound interest. The 8th wonder of the world.
Do you know the power of compound interest in its entirety?
It’s the greatest thing in the world…when it’s working for you.
When it’s working against you, it can be one of the most devastating things in the world. A catastrophe, really.
I’m just going to take a minute or two to show you the amazing power of compound interest. Then I’ll let you decide if you would rather it work for you or against you.
Here it is. Compound interest. The good and the bad…
Whether you’re a home-buyer or seller, you have to deal with a real estate agent for a safe and hassle-free transaction.
Only a few sellers prefer to purchase or sell a home without help of a real estate broker. But most of those for-sale-by-owner transactions are done between buyers and seller who are already related to or know each other. On the other hand, most home-buyers work with a real estate agent while buying a property.
Here’s how your realtor gets paid…
There I was. 21 years old. $24,000 in debt.
I thought it was normal. I thought everyone had car payments. I thought debt was the only way of life. The American way.
I also couldn’t sleep at night, because I was so stressed. I had no plan for an emergency, other than to go into more credit card debt.
That’s when I got angry. A good motivating, driving anger. An anger that ultimately lead me and my family out of debt.
I realized that debt was controlling our life. And I wanted to be in control. So, I started reading…
It is a sad thing to consider, but not all that uncommon.
Sometimes a homeowner with a mortgage will die before the mortgage has been completely paid off.
Since mortgages can last 20, 30, even 40 or more years, a lot can happen to a person between the time they start and the time it finishes.
If you are worried about confusion with the house and mortgage if this happens to you or a loved one, here are some things to know…
Have you ever thought about owning rental property?
Perhaps you’re interested, but you’re worried about high maintenance costs and destructive tenants.
That’s a common thought and a common worry. And there is a way around it.
Yes, you can invest in income property without actually being a landlord.
It’s called seller financing and it could work for you as a seller or a buyer…
If you want to own a home but just can’t seem to get the capital together for a down payment, don’t have the income to carry payments or don’t have the credit history to get the loan, you might consider purchasing it with a friend.
Two incomes are certainly better than one, and you’ll probably have a better chance if you have another strong candidate applying with you.
People buy houses with friends all the time, and while there is nothing inherently bad about it, you should consider a few things before taking the plunge.
There’s no debating the fact that being self-employed offers quite a few benefits you just don’t get with a conventional job.
You don’t have that pesky boss looking over your shoulder all the time, you get to make your own decisions about the direction of the business, and if you work from home you don’t even have a commute.
Of course, there are always negatives to balance things out, and with self-employment getting a mortgage is often one of them.
However, just because you’re self-employed doesn’t mean you’ll never be able to get a mortgage.
It just means the rules are a little different…
The Real Estate sector may have suffered greatly due to recession.
But that’s all in the past.
Now that the economy is stable, many are now looking forward to investing in a new home.
This is why now is the time to consider working for the real estate and construction industry.
Not an engineer or architect? No worries!
You can still make money in this market by setting up your home inspection business. Want to know how to do this? Read the steps below…