Mortgage

December 15, 2023Net Operating Income (NOI) is a key financial metric that is used in real estate to evaluate the profitability of an income-generating property. NOI helps real estate investors make informed decisions that could maximize their potential returns and minimize their investment risk. If you’re investing in real estate a financial advisor can help you create… read more…

November 22, 2023‘Lis Pendens’ is a Latin term that translates to “pending litigation.” And in real estate, it refers to a notice that a legal dispute involving a property has been filed. Essentially, this alerts buyers or lenders to a legal dispute over the property, which can indicate a potential risk for property ownership or transfer. If… read more…

October 18, 2023Investing in real estate has historically been viewed as a safe and profitable venture. However, the shifting dynamics of the market have spurred the emergence of unconventional opportunities. Among the most intriguing of these is the tiny home investment trend. A burgeoning wave characterized by compact size and affordability, tiny home investments have piqued worldwide… read more…

October 6, 2023Real estate investment companies have traditionally provided a gateway to profits that have increased around 5.4% annually over the last 60 years. This investment is a key economic facilitator of property development, urban regeneration and market liquidity. However, it’s not easy to set up a real estate investment company if you’re not experienced. Obtaining financial… read more…

September 21, 2023Whether you’re a savvy real estate investor or a homeowner selling the house you raised your children in, you’re likely counting on the impending sale to generate ample profits. However, although you might have 100% equity or put in the blood, sweat and tears for the necessary renovations, your net gain might be lower than… read more…

August 25, 2023Adverse possession is a legal concept that occurs when a trespasser, someone with no legal title, can gain legal ownership over a piece of property if the actual owner does not challenge it within a certain period. To avoid such scenarios, it is of utmost importance that property owners familiarize themselves with the conditions and… read more…

August 17, 2023Navigating financial hardships can indeed be like walking a tightrope. But here’s the good news: understanding tools like forbearance can provide you a safety net. Forbearance acts like a pause button that allows you to momentarily stop or reduce certain debt payments until you get back on your feet. If you’re contemplating forbearance, consider speaking… read more…

August 17, 2023Mortgage curtailment is the act of paying off a mortgage ahead of schedule by making additional payments. This accelerates the repayment process and shortens the loan term, helping homeowners potentially save thousands in interest payments. Here’s a closer look at mortgage curtailment, how it works and some of the primary benefits of this repayment strategy.… read more…

August 4, 2023A wraparound mortgage is a unique financing option that allows a homebuyer to assume the seller’s existing mortgage while obtaining additional financing to cover the remaining purchase price. This alternative form of lending can help buyers with less-than-perfect credit or those seeking to avoid conventional lenders. However, it requires a clear understanding of its mechanics… read more…

August 4, 2023When you take out a mortgage to buy a home, you will have to pay back both the balance that you borrowed (referred to as the principal) and the interest that pays for the cost of the loan. How much you will pay in interest depends on the size and type of mortgage, your down… read more…

August 4, 2023Buying a home is a major milestone. Therefore, deciding on how you should pay for it will also have important long-term consequences. If you can buy your home in cash, you could avoid unnecessary debt. But, taking out a mortgage can also free up your cash to invest in other things. Let’s take a look… read more…

August 3, 2023Typically, when you make a down payment that is under 20% of a home purchase, you will have to get mortgage insurance. This lowers the risk for a mortgage lender to give you the money. Here’s a breakdown of what mortgage insurance is and how it works.  A financial advisor can help you create a… read more…

July 31, 2023Investing in real estate can be a lucrative venture, but it’s not a decision to be taken lightly. Before jumping in, it may be beneficial to consult with a financial advisor to align your investment strategy with your personal financial goals. While real estate investing can be a potential part of a diversified strategy, it… read more…

July 26, 2023Real estate investments can diversify a portfolio, but managing properties can be time-consuming. You might prefer to invest in real estate online as an alternative to owning property directly. Some of the options for online real estate investing include crowdfunding, real estate investment trusts (REIT) and real estate exchange-traded funds (ETFs). Each one can offer… read more…

June 1, 2023Imagine a situation where you could transform your mortgage into a more favorable and empowering financial tool. Picture the possibilities of accessing the equity in your property or securing lower interest rates. Welcome to the world of mortgage refinancing. Refinancing your… read more…

May 23, 2023Buying a home is one of the biggest financial decisions many people will ever make. And it can also be one of the most complex. Even the simple question of what percentage of your income should safely go to a… read more…

May 17, 2023Taking out a home equity loan could make sense if you need cash for home improvements, repairs or other expenses. You might be wondering if you can refinance home equity loan debt to get a lower interest rate or change… read more…

April 6, 2023Selling your home is a process rather than a single event and the journey proceeds in stages. It starts with deciding when to sell and ends with cashing the check for the net proceeds, the many tasks required to sell… read more…

April 6, 2023Many first-time homebuyers will discover that they have to pay for something called “mortgage insurance.” This adds to your monthly mortgage payment and is often an unpleasant surprise. That’s particularly true if you sought out an FHA loan, which are structured… read more…

April 6, 2023House hunting is serious business. You need to secure a good mortgage and find the right property. Not only is buying a house a huge financial decision, but it can be made more complex by the ups and downs of… read more…

April 6, 2023When you’re buying a home, a lot of pieces have to fall into place. You may come across unfamiliar terms, like escrow and title insurance. One such term is mortgage APR or annual percentage rate. Knowing how to get a… read more…

March 28, 2023Selling your house is a major financial transaction. Whether you’re downsizing, upgrading or moving for another reason, you need to know what to expect. After all, you want to get the most you can out of your investment, and part… read more…

March 28, 2023Buying a home is a major investment. You want to put your money into a house that’s going to meet the needs of you and your family. However, if that house isn’t available, you may consider building a home. Is… read more…

March 22, 2023Many people dream of owning a chunk of land and putting their dream house on it. Maybe you fantasize about pulling out all the stops and designing a home with every feature you’ve ever wanted. Well, to make that dream,… read more…

March 13, 2023Renting out your house might be worth considering, especially if you’re ready to relocate and you’re opposed to selling. Picking up a tenant could help you pay off your mortgage more quickly. Then, you could put the money you’ve earned toward… read more…