How to Calculate Rental Income for Investment Property – Part 2
In part one, we discussed what kinds of expenses come into play. Now, let’s talk about how to assess and maximize the income there is to be made from a rental property.
The Mortgage Credit Certificate Program 2022 Application Is Open!
The Mortgage Credit Certificate program (MCC) is back in 2022, helping first-time and repeat homebuyers in select areas own a home. Buying a home can be financially challenging, especially in the current competitive market. Thanks to the state Housing Finance Agencies (HFAs), you can get a tax credit based on the interest you’ll be paying on the mortgage.
What Does “In Escrow” Mean?
Once an offer is accepted, the home-buying process enters the escrow period. The escrow period begins when the seller accepts an offer and continues until the buyer receives the title and keys to the house. A lot can happen in the “in escrow” process.
How to Calculate Rental Income for Investment Property – Part 1
Buying a residential property and renting it to families is a good investment in almost every housing market. Well-kept properties can steadily increase in value over decades while also generating positive income each month from renters. Of course, not every property is ideal for a rental home investment.
Closing Day? Things To Know Before Getting Your Keys
You’ve been waiting for the right time to get the keys to your home, working hard, saving up year after year for a down payment, and raising your credit score while ensuring a steady flow of income. Now, it’s come down to the final days of the loan process. A process that feels like it’s lasted forever. Now, the question is: when do you get the keys to your new home?
Why You Should Wait on Big Purchases Until after You’ve Bought a Home
Buying a home is exciting-you have a whole new house to make your own. It’s so tempting to get a head start on all the new things you need to buy, but you should know that excessive spending while you’re in the contract-to-close period can cause problems with your final loan approval.