Alternative mortgage lenders include online lenders and non-bank lenders. Theyre shifting the real estate marketplace and making it much simpler and easier for consumers to get a mortgage. So what should you know?There are three main categories that alternative mortgage lenders tend to fall into.There are online mortgage lenders, which work to a...
Why is it taking so long to collect delinquencies? Can we close the pool to the deadbeat? Why cant we collect on that judgment? These are questions that too many board members and managers ask ... mainly because there is no collection policy.A clearly worded, communicated and enforced collection policy is the solution to collections. A collectio...
Typically, the winter holiday season is not an optimal time to sell a home.The weather isnt conducive to showings, its the middle of the school year, and most people think about holiday planning and travel.Of course, there are some possible benefits. For example, if you sell your home in the winter, theres less competition because most people se...
In this time of supreme uncertainty, how can sellers decide whats the best thing to do now or next with their real estate?Real estate sellers are trying to guess what the future holds as much as everyone else: When they are wrong, sellers may put their home and other real estate at risk. When they are right, sellers may add wealth and security.T...
In a real estate transaction, there are typically three main parties involved. There are the real estate agent, the buyer and the seller. The takeaway for the agent is a commission, but many people experience confusion about things like how much it is and how its paid. They also wonder if they can negotiate a commission.What is a Typical Commiss...
According to the United Nations, a whirlwind of issues, many of which are likely caused by man, threaten to harm our precious Earth in irreversible ways. From greenhouse gas emissions to air pollution, deforestation, and issues with water and waste, the human impact on our planet has become real. And if we dont change, we face both unintended an...
For those who invest in real estate, cash flow is king. Investors considering buying a rental property take into account how much rent can be charged compared to ownership costs. Those costs can include a mortgage, property taxes, insurance and maintenance. If the expected rental is more than that, the property will cash flow. Otherwise, its an ...
In nation of 300 million, theres at least one sharp-eyed person who can see a marketing tool for what it really is.I read your recent article about storage and the fact that real estate agents urge clients to reduce the amount of clutter to make the house look bigger, the sharp-eyed reader writes.Sounds a bit sneaky to pare down the contents of ...
Freddie Macs results of its Primary Mortgage Market Survey shows that "Mortgage rates remain at record lows and while that has fueled a refinance boom, its been driven mainly by higher income borrowers. With about 20 million borrowers eligible to refinance, lower-and middle-income borrowers are leaving money on the table by not taking advantage ...
When youre planning a home renovation project, there is one of two categories its likely to fall into. The first is a simple cosmetic refresh. For example, maybe youre going to reface your cabinets and change out the light fixtures, but theres no major work to be done. Changing floors is another example of a cosmetic project.Then, there are thos...
A lot of sellers dont listen to their real estate agents, so well tell you what your agent wants to say, but cant say to you and this is it - your agent cant get you the price you want unless your home is in pristine move-in condition.That means no sticking drawers in the kitchen. No leaning fences. No rust-stained plumbing fixtures. We could go...
Committees are an untapped gold mine available to a homeowner association board. Besides benefitting the board by spreading the work around, committees are an excellent training ground for future board members. Members that are >Committees come in all shapes, sizes and functions and may be temporary or long term, as the need dictates. They are o...
If youre a service member or veteran in the United States, you might be eligible for a Department of Veterans Affairs VA home loan. The spouse of a service member or veteran may also be eligible for a VA home loan. The entire objective of this program is to help veterans and service members obtain a mortgage with little-to-no money down.The Basi...
A lot of people, thanks to low interest rates, are thinking about home renovations right now. You have different options to pay for these projects if youre not going to pay in cash. One option is a Home Equity Line of Credit or HELOC.A HELOC is a way to borrow against your homes equity, and it provides flexibility. With that being said, because ...
Maybe youve heard this and maybe you havent, but when someone asks when the best time is to close on a contract its typically at or near the end of the month. Why? Because its how mortgage interest is accrued. When someone makes a mortgage payment on the first of the month, the payment doesnt apply to the month about to be lived in but instead i...
Expanded DrivewayOne area that many people never think about changing is their driveway. Over the years, a lot of people have learned that they can expand their driveway to hold more cars. This is especially useful if you have multiple vehicles that members of your family drive.In the average neighborhood, there is simply not enough space for mo...
Exceptional curb appeal will add to the enjoyment and value of your property and home. Maintaining your curb appeal throughout each season may pose its challenges, but with these tips, you can ensure that your home and landscaping will look their very best throughout the year.1 Clean It UpA thorough power wash is essential for maintaining the cl...
A lot of people want to invest in real estate, but theyre not ready to flip properties or be a landlord. There are other ways to invest in real estate without having the responsibility of holding physical property. One way is a Real Estate Investment Trust or REIT.The purpose of a REIT is to help individuals invest in income-producing real estat...
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