What Is A Reverse Mortgage?

Mortgage , ,
A reverse mortgage is a way to use the equity value that built up in a home to improve the quality of life for those who have appropriate circumstances when they reach the retirement age of 62 or older. With a reverse mortgage, a person continues to live in their own home and retains the title to it but does not have to make any monthly reverse mortgage payments. A reverse mortgage may be helpful; however, not everyone qualifies for one. The benefits come with disadvantages as well. Here is a list of the advantages and the disadvantages for reverse…
Read More

7 New Home Upgrades that Could Save Your Life

Real Estate , ,
One of the best things about moving into a new home is personalizing it and really making it yours. From hanging wall art to arranging furniture to finding the perfect spot for your grandmother's hand crocheted afghan, it's a real joy to decorate. But are you forgetting about the big investment you just made? Consider the following important home upgrades that will protect your home and your family. 1. Smoke Alarm Take an afternoon and upgrade all your new home's smoke alarms. Smoke alarms save lives and it's not worth it to assume that just because it's there it's working. …
Read More

What’s Ahead For Mortgage Rates This Week – June 10th, 2019

Financial Reports , ,
Last week's economic releases included readings on construction spending, public and private sector jobs and national unemployment. Weekly reports on mortgage rates and first-time unemployment claims were also released. Construction Spending Little Changed in April Census Bureau readings for April showed a minor dip in construction spending as compared to revised figures for March. $1,295.5 billion was spent on a seasonally-adjusted annual basis and missed the expected reading of $1,314.7 billion. March construction spending was revised to $1,299.2 billion. Falling mortgage rates were good news for home buyers, but concerns over global economic disputes and higher materials prices concerned home…
Read More

Make the Most Of A Small Yard Space

Around The Home , ,
It's great to have a yard in this day and age, but so many new developments in the city have limited green space for you to let your imagination run wild. If you're wondering what you can do with your patch of green space or small yard, here are a few options for making it aesthetically appealing and still maximize the potential. Pick A Centerpiece In order to stretch the look of your green space, try adding a centerpiece or focal point that will draw the eye and instantly improve your yard's appeal. Whether you decide on a planter, a…
Read More

Renovations That Improve Resale Value And Those That Don’t

Real Estate , ,
Those who want to renovate a home usually do this to make it more spacious, improve its condition, and to add amenities. However, it is also important to consider if the renovation has the potential to add value to a home. Unless the plan is to live in the same place for life, there is a strong likelihood that, at some point, the home will go on the market for sale. It is nice if it sells for a high price and there is some profit for the seller in the transaction. It is not the amount spent on renovations…
Read More

The Importance Of “Rights” When Buying A Property

Real Estate , ,
When buying real estate there are certain standard rights usually included, unless the property has an encumbrance that in some way causes an exclusion as noted in the sale.There are also additional rights that may or may not be in the sale, which may represent significant value. Standard Real Estate Ownership Rights The standard rights conveyed to the owner of the title deed for a property include: Possession: Possession is a legal word for ownership. Possession occurs after closing on the purchase of a property, receiving the title, and recording the sale with the county office where the property is.…
Read More

Want to Make A Richer Life? Take Time To Make Time

Real Estate , ,
Many who are financially sound got that way by being skilled at accumulating wealth. The question is, did they also accumulate quality of life? Working all the time to build wealth, while at the same time lacking happy experiences with those who are important, is not creating a rich life. Here are some ideas to promote both a healthy and wealthy lifestyle. Time Budget For those who already do a decent job at managing their finances by using a budget, congratulations for doing half of the planning well. In order to have a fully-satisfying life, the other budget that is…
Read More

What’s Ahead For Mortgage Rates This Week – June 3rd, 2019

Financial Reports , ,
Last week's economic news included readings from Case-Shiller on home prices and pending home sales. Readings on consumer confidence and weekly reports on mortgage rates and new jobless claims were also released. Case-Shiller: Home Price Growth Slows in March While home prices continue to rise throughout the U.S., they are growing at a slower pace. Case-Shiller reported that Home prices dropped 0.20 percent in March to a growth rate of 3.70 percent on a seasonally-adjusted annual basis. Case-Shiller said that March home price growth was the lowest rate reported in 10 years. Top cities for home price growth in March…
Read More

I Can’t Believe It’s Not Grass!

Real Estate , ,
For those who have not taken a look at the innovative technology that is now used to make artificial grass, they will be surprised at how realistic some of the newest products look when compared to living grass. Installing artificial grass, which is high quality, does not come cheap. Prices range from $8 to $14 per square foot. However, this investment may pay off well because of improved resale value, low monthly water bills, and other benefits. The best artificial grass can last up to 25 years with little to no maintenance. Here is a comparison of the advantages and…
Read More

Buying A Second Home And How To Pay For It

Real Estate , ,
How does an average homeowner become a real estate investor? Certainly, owning a home is an investment in real estate. However, this guide discusses the next step for many to become a real estate investor. This is to buy another property and use it for a commercial purpose. Owning another home is less of a burden when an investor finds a way to make the home pay for itself. Here are some tips on how to help a property generate cash flow: Renting Out A Home Renting the home to others may be an effective way to pay for it.…
Read More