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September 2015

Found 4 blog entries for September 2015.

With so many uncertainties in today’s economy, it is difficult to evaluate the options that might be worth investing your money in. Investments hold potential risk, yet the return could prove to be substantial. Putting your money into investment properties, for example, has a high risk of inflation, but if you’re lucky and the market is right, you stand to gain a great deal.

Taking the time to learn which properties are worth investing in and how to keep an eye on the local market near you can put more money in your pocket and help steer you towards financial independence. Check out our tips for buying an investment property below.

First: Are You Prepared to Invest Your Time and Money?

Owning and maintaining investment real estate might prove

1,464 Views, 1 Comment

Perhaps you’re moving to a new home, you’re investing in property, or feel like you finally have to scratch that itch on the vacation home you’ve always wanted.  Though it is often more difficult to secure a mortgage when buying a second home – lenders just consider them to be a higher risk – finding and financing a second home doesn’t have to be a fiscal nightmare.

Here are a few simple tips on how to finance a second home more easily:

Keep Your Credit in Check

Make sure your credit score is between average or above-average. There are more programs available for first-time homebuyers than there are for those looking to move or buy a second home. Pay your credit cards and bills on time and keep your debt-to-income ratio in check for better

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Buying a home for the first time can be a daunting, yet rewarding experience. Fortunately, there are existing first-time home buyer programs that provide financial assistance for various needs and circumstances.

Whether you are looking for a loan, down payment assistance, or building from the ground up, there are many federal, state and local agencies that have programs in place that specifically help and are designed for first-time homebuyers.

Federal Programs for First-Time Homebuyers

FHA Loans

FHA loans are property loans insured by the Federal Housing Administration (as part of the U.S. Department of Housing and Urban Development – HUD), for low-income borrowers or those with credit scores as low as 580.

With FHA loans, a down payment

19,359 Views, 8 Comments

credit scores explainedOwning a home can be a rewarding and exhilarating experience in anyone’s life. There is responsibility, security and comfort with having a place of your own.

Whether you’re a first time homeowner or looking to refinance or buy a new home, understanding credit scores is essential to your chances for success in the real estate market.

Mortgage brokers will look at those magic three digits that make up your credit score. A low score could lead to higher interest rates or even result in being disapproved entirely on property purchases.

Your three-digit FICO credit score is comprised of five parts:

  • Debts Owed
  • New Lines of Credit
  • Time Period of Credit History
  • Types of Credit in Use
  • Payment History

Below is a simple checklist for

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