Even though a no-cost refinance sounds great, there’s really no free lunch. A no-cost refinance has costs. The costs are just not visible upon closing. The refinance costs are baked in by charging the borrower a higher mortgage rate. Here are all the mortgage fees in a no-cost refinance. It’s like marrying someone for their […]
No-Cost Refinance Loan: There’s Really No Such Thing Read More »
During the 2008 – 2009 recession, I lost about 35% of my net worth in about six months. I don’t plan on doing that again. I want to share how we can make lots of money during the next downturn. In 2022, the S&P 500 has gave up all its 2021 gains. However, thankfully, the S&P
How To Make Lots Of Money During The Next Downturn Read More »
Seeing your property’s value go up feels good, especially if it goes up more than what you made from your day job. However, the biggest downside is your property taxes will likely go up as well. For as long as I can remember, I’ve always stood up for myself. Whether it was getting bullied at
Fighting My Property Taxes And Losing: Key Lessons For Battle Read More »
One of the great benefits of being an investor is that you can sometimes make more from your investments than from your day job. After several years of doing so, you might even start wondering what’s the point of working so much! According to Zillow, home value appreciation in 2021 was higher than median wages
Making More From Your House Than From Your Salary Makes Life Easier Read More »
As a buyer, you love bad real estate agents because you can take advantage of them to get better pricing. As a seller, you obviously want a good listing agent so you can maximize your profits. According to the National Association Of Realtors, there are supposedly around 1.5 million real estate agents today. However, there
How Bad Real Estate Agents Can Cost Sellers A Lot Of Money Read More »
Are you wondering how the stock market has performed during previous Fed-rate-hike cycles? This article will explore whether stocks perform well or poorly when borrowing costs rise. On March 16, 2022, the Federal Reserve approved its first rate hike since December 2018. 11 Fed rate hikes later, the Fed Funds rate is at 5.25% –
Stock Market Performance During Previous Fed-Rate-Hike Cycles Read More »
You may want to pay down extra principal to qualify for a mortgage refinance. When mortgage rates are low, paying down principal to qualify for a lower mortgage rate is a smart move. The return on your capital could actually be quite high. But when mortgages are high, as they still are today, they paying
Should I Pay Down Extra Principal To Qualify For A Mortgage Refinance? Read More »
Even if the Fed hikes rates, it may have little impact on borrowing costs for mortgages. In general, the Fed is behind the curve when it comes to hiking rates. And that’s understandable. The Fed would rather be a little too slow in hiking rates than a little too fast in order to help our
Why Fed Rate Hikes Will Have Little Impact On Borrowing Costs Read More »
As a multiple property owner, I’ve done a lot of refinances over the last twenty years. So just how long does it take to refinance a mortgage loan nowadays? The short answer is: 2-3 months on average. This is up from one month on average before the global financial crisis. With rising mortgage rates in
Sequence of returns risk refers to the risk of receiving lower or negative returns early in a period when withdrawals are made from an investment portfolio. Withdrawals are made from an investment portfolio usually during times of financial duress or more traditionally, during retirement. If you happen to retire before a bear market hits, you
Sequence Of Returns Risk And How It Affects Your Retirement Read More »
