How Much Should You Rent Your Investment Property For? - 10/28/08 11:09 PM
Visit Our Daily Blog at www.wealthwithmortgage.com! You’re Not The Only One It’s not uncommon to be a property investor and be ‘unsure’ of what market rent is.  Honestly, market rents can change as quickly as our housing market changes.  I’ll let you process how crazy that could be….
When deciding how much to charge for rent, most investors are trying to weight out two (painfully obvious) concerns:
What is the most rent that I can get out of this property each month to maximize my cash flow? What amount of rent will keep my property occupied with a good tenant that … (1 comments)

Capital Gains Exclusion is a Changin'! - 10/28/08 11:07 PM
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So, you remember that rule that capital gains exclusion rule that has become pretty much common knowledge?
Go ahead and get ready to change it.
The rule where if you sell a home after living in it for two years you could carry $250,000 (single person) or $500,000 (jointly filing) without getting hammered on capital gains.  Well, throw that out the window.  This new piece of legislation (694 pages) changes that tax code.
Sneaking It Under The Radar The Housing and Economic Recovery Act of 2008 had a lot of great (highly publicized) components:
… (0 comments)

Reminder: We're NOT in a Great Depression - 10/28/08 11:04 PM
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There is doom and gloom everywhere.
Let me be candid, we are living scary times.  I’m not refusing that.  However, we ARE NOT facing anything like The Great Depression.  I wish you’d get out of that line and realize that we’re in a different time.
Don’t believe me?  Here are the facts.
Unemployment is currently 6.1% (source: US Department of Labor).  I know, not sexy. Still….
During The Great Depression, unemployment peaked at 25%.  Wow!  Even towards the end of the 1930’s unemployment was about 15%.
Now, wouldn’t you agree that we … (0 comments)

Mortgage Market Recap for the Week of October 20th 2008 - 10/28/08 11:01 PM
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Mortgage Rate and Market Recap for the Week of October 20th - 27th, 2008
Big News for Bonds As we’ve talked about in the past, mortgage rates are based directly off of mortgage backed securities.  These are much like stocks, being traded throughout the day.  This is also why mortgage rates change throughout the day.  If you’re curious what mortgage rates are going to do, it helps to be tuned into what mortgage backed securities are doing.
Last week PIMCO (the worlds largest bond fund) announced that they were raising their stake in mortgage … (0 comments)

Mortgage Market Rate Watch for the Week of October 20th, 2008 - 10/28/08 10:59 PM
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Mortgage Market and Rate Watch For Week of October 20th, 2008
What To Watch This Week? The number one (and most obvious) thing to keep your eye on this week is the reactions to the Fed decision Wednesday.  It is everyone’s expectation that the Fed will cut.  I think the question is how much they will cut.
Remember, Fed Cuts Do NOT Equal Lower Mortgage Rates! It’s commonly mistaken that mortgage rates move lower when the Fed cuts.  Remember, the Fed Funds Rate (FFR) doesn’t directly correlate to mortgage rates.  In fact, … (0 comments)

When the Fed Cuts, What Happens To Mortgage Rates? - 10/28/08 10:57 PM
Visit our daily blog at www.wealthwithmortgage.com! Let me save you some time and money. The Fed does not control mortgage rates.  Not at all.  The Fed can do many things to influence the economy, but one of those things they control is NOT mortgage rates.  Influence, yes.  Control, no.
Let me explain.
What Does The Fed Control? Now that I’ve established the Fed doesn’t control mortgage rates, it’s important to realize what the Fed does control.
Fed Funds Rate - This is the rate that banks are charged directly from the Fed for overnight funds. (More at Wikipeida). Discount Rate - … (3 comments)

Make Your Job Recession-Proof - 10/28/08 10:50 PM
See our blog that's updated daily at www.wealthwithmortgage.com Things Are Changing It’s not something we often think about, but when unemployment is climbing in the US (currenlty 5.7%, nationally) we start thinking about the possibilities.  Recent lay-offs locally have this weighing heavy on my heart, so I wanted to post on it.
Let’s face it, there is no such thing as a ’safe job’.  Everyone is replaceable (at least that’s what my old employers used to tell me), and unless you’re an owner, things tend to fall down hill.  So, what can you do to recession-proof your job?  Well, let’s dig … (1 comments)

 

Tyler Osby

Urbandale, IA

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The Tyler Osby Team at Fairway Independent Mortgage

Address: 8515 Douglas Ave, Suite 22, Urbandale, IA, 50322

Office Phone: (515) 257-6729

Cell Phone: (515) 991-7102

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A blog updated daily educating you on how to do more with your money. Topics range from basic tips and tricks with personal finance to mortgage terms and market news.


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