interest rate: Increasing Family Wealth Through Homeownership - 03/12/19 11:35 AM
For most Americans, buying a home is the most important financial investment that we will ever make. Nevertheless, the recent housing bubble has left many people wondering if buying a home is still an effective way for people to save money and build wealth for the future.

The answer is 'yes,' according to recent studies.
The study revealed that the median net worth of a homeowner is $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).
These numbers reveal that the net worth of … (1 comments)

interest rate: Housing Prices Coming In For A Soft Landing - 03/08/19 03:17 PM
We are definitely headed to a balanced market this year. As things start to unfold, we are beginning to realize that last year's worries are nothing more than speculations. Price hikes are starting to soften as more inventory is introduced, this is good news to sellers and buyers alike.
The previous housing market was fueled by an artificial demand created by mortgage standards that were far too lenient. When this demand was shut off, a flood of inventory came to market. This included heavily discounted distressed properties (foreclosures and short sales).
Today's market is totally different. Mortgage standards are tighter than … (2 comments)

interest rate: Mortgage Interest Rate At Its Lowest In The Last 12 Months - 03/07/19 10:52 AM
As the rates continue on its slow and steady descent, it is now in its lowest by far in the last 12 months. This is good news to prospective buyers looking to buy their first house or existing homeowners planning to move up to their dream home.
According to Freddie Mac's Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven't been seen since February 2018! Last week's survey results reported an interest rate of 4.35%.
This is a welcome change from the near 5% rates seen in … (1 comments)

interest rate: David Bach's Advice To Millennials - 02/28/19 04:23 PM
A self-made Millionaire David Bach gave a piece of simple yet compelling advice to Millennials; "Don't Get Stuck Renting A Home... Buy One!" plain and straight, Bach pointed out a common mistake a majority of millennials tend to make with their life decisions.

In a CNBC article, self-made millionaire David Bach explained that: "The biggest mistake millennials are making is not buying their first home." He goes on to say that, "If you want to build real financial security, real wealth for your lifetime, then you need to buy a home."
Bach went on to explain:
"Homeowners are worth 40 times more … (0 comments)

interest rate: Setting The Best Price For Your Home - 02/21/19 03:00 PM
Pricing your home right is one of the most challenging part of the sales process, too low may mean a loss on your end, on the other hand, you can be at risk of having a stale listing if you price it too high.
If your plan for 2019 includes selling your home, you will want to pay attention to where experts believe home values are headed. According to the latest Home Price Index from CoreLogic, home prices increased by 4.7% over the course of 2018. The map below shows the results of the latest index by state.

Real estate is … (0 comments)

interest rate: Prepping House For Sale Made Easier - 02/15/19 12:01 PM
One of the things that add up to the stress of selling a house is cleaning up. Believe it or not, most people spend days to weeks on end trying to tidy up their home in preparation for selling. Well, we have good news for all you prospective sellers.
The KonMari Method is here to save the day. Marie Kondo, the inventor of the KonMari Method of Tidying Up, has gained popularity with her new Netflix series. She gives some great tips for sorting through years of accumulated possessions that we all collect in our homes.
"The KonMari Method encourages tidying … (0 comments)

interest rate: Are You Spending Your Money On Your Own Mortgage? - 02/14/19 03:43 PM
Would you rather pay rent so someone else can afford to pay the mortgage or buy your own home so all the money you spent on it monthly will leave you with something to call your own?
As Entrepreneur Magazine, a premier source for small business explained in their article, "12 Practical Steps to Getting Rich":
"While renting on a temporary basis isn't terrible, you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight, but by renting, you're paying someone else's mortgage. In effect, you'e making someone else rich." … (0 comments)

interest rate: Building Family Wealth Through Real Estate - 02/08/19 03:02 PM
We have discussed about how owning a home could significantly increase a person's net worth. Today we're giving you four more proven ways on how real estate can build sizable family wealth.
1. Appreciation
"The rising of home prices over time, is how the majority of wealth is built in real estate. This is the 'home run' you hear of when people make a large windfall of money. While prices fluctuate, over the long run real estate values have always gone up, always, and there is no reason to think that is going to change.
One thing to consider when it … (2 comments)

interest rate: Hacking Mortgage Interest Rate - 01/04/19 02:27 PM
Paying off mortgages takes time, but it's helpful to know that there are ways to shorten your mortgage payments by months or even years. Here are some ways to help you beat the loan clock legitimately and save thousands of dollars in the process.
Any additional payments to the principal amount (the original sum of money borrowed in a loan), helps to cut down the amount of interest that you will pay over the life of your loan and can also help to shave years off the loan as well. When you make 'extra' payments toward your loan, the key is … (1 comments)

interest rate: A Forecast on Interest Rates for 2019 - 12/12/18 03:49 PM
If you are planning to buy a house, knowing the interest rate at the time of your purchase will give you an idea on how much your monthly payment will look like. Keep in mind that even the slightest of change in the interest rate could significantly increase or decrease your mortgage depending on your loan amount.
Below is a chart created using Freddie Mac's U.S. Economic & Housing Marketing Outlook.
As you can see, interest rates are projected to increase steadily throughout 2019.

How Will This Impact Your Mortgage Payment?
Depending on the amount of the loan that you secure, … (0 comments)

interest rate: Buyers on the fence looking to buy real estate, Investment property, Rental income! - 09/17/08 05:35 AM
Invest into real estate the fastest most profitable why to get rich is by real estate.  
History has shown that getting rich quick is only a dream, unless you're bill gates or that million dollar lottery winner.  But if you have a plan and a good hold on to your finanal you also can make it to the million dollar mark. Not being richest person but in a place u don't have to worry anything.  This market is the best market that's won't come for long time; stop listening to those ad and news.  If you're a serious business person, … (0 comments)

 
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Rummy Dhanoa

Rummy Dhanoa Real Estate Experts

Eastchester, NY

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Rummy Dhanoa Real Estate Experts

Address: 760 White Plains Rd, Scarsdale, ny , 10583

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