loans: 2 Questions To Ask When Selecting a Mortgage Lender
- 07/08/17 03:12 AM
If you are not paying all cash, you will need a lender on your team. Remember you don’t have to put 20% down to purchase your home! You may be able to use low money down programs. How do you plan on finding a lender that best suits your needs? Do you plan on asking a family member or going online?
The key is knowing what questions to as them. Since you will be making a major financial purchase, you want to find the best lender you can find. They are a major part of your team so make sure you speak … (2 comments)
loans: Do You Know These 10 Financing Terms?
- 07/01/17 06:13 AM
Looking to purchase a property? Here are ten terms you want to know and must understand if you want to make the right purchase. 1. Cash Flow To invest in real estate, you want to have cash flow! This is your income minus expenses. Income includes rental income. Expenses can be mortgage, taxes, insurance, water, repairs etc. For example. You have a property bringing in 3000 a month. Your expenses equal 2700 a month. You have a cash flow of 300 per month. You can increase your cash flow by increasing income and decreasing expenses. 2. Appreciation Your property has increased value over … (3 comments)
If you are not paying all cash, you will need a lender on your team. Remember you don’t have to put 20% down to purchase your home! You may be able to use low money down programs. How do you plan on finding a lender that best suits your needs? Do you plan on asking a family member or going online?
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