Have you found just the right home – but it is not within your price range? Would borrowing 10% of your home purchase price at 0% interest with no monthly payments help? A co-investor, or equity-share partnership, might be the right solution. Here are the details: A large nationally recognized investment firm (this is not …
Get your financing pre-approved to buy this lovely condominium in La Ventana. As a numbers cruncher for over 30 years now, I love the process of helping my clients qualify to purchase the home of their dreams! Here is a set of calculations showing the approximate monthly payments for 3 different types of loans. With …
While mortgage interest rates are still low you may be wondering if you should take the opportunity to refinance before rates begin to rise once again. But how do you decide whether or not refinancing is right for you? Refinancing can improve your financial situation when used strategically. Here are 3 reasons you may want …
Much has been said and written regarding the financial benefits of home ownership…but I’m a numbers gal and somewhat of a skeptic. I prefer to support “this vs that” statements with hard numbers. So that’s what I decided to do after reading another article generalizing the benefits of home ownership. Let’s explore 3 areas of …
What is PMI? PMI stands for Private Mortgage Insurance. PMI is a risk-management tool required by lenders to protect themselves against loss of money when a borrower becomes unable to repay their mortgage. When you purchase a home making a down payment of less than 20% or the value, most lenders require you to purchase …
Buying a house is a an exciting milestone many people look forward to. Not only does a homeowner have the freedom to personalize their space according to their own tastes and lifestyle, but the mortgage payments do double duty – provides shelter while building additional wealth through loan reduction and price appreciation! If you pay …