Using home equity to provide retirement income can be a brilliant move. There are a number of ways to do this. Taking out a reverse mortgage is one option of course. But is it a good one? And have new laws made it a better idea? Let’s take a look. What is a Reverse Mortgage? […]
Property Investment Loans
Real estate might be a huge part of your net worth. But are you maximizing your properties’ potential? How profitable are your rentals really? How much does it cost you to maintain your home? Should you buy more property or sell? If you have bad credit, how can you get into the real estate market?
This category has posts that will answer all these questions and more.
Typically banks charge higher interest when you buy a second home. I can’t think of any good reason for this – other than they can get away with it. But you don’t have to play this game with the bank. You can get a cheap mortgage for a second home at a very reasonable rate. […]
Interest-only rate mortgages might be especially tempting if you are struggling with cash flow or if you only plan on staying in your home for a short time before selling it. But if you plan on staying in your home for a long period of time, they are risky – and a gamble I usually […]
If you have a mortgage, it’s almost certainly the biggest debt you carry. That being the case, it makes sense to examine that debt and look for ways to reduce the cost. Smart Pilgrim. The thing is, even if you find a lower-cost loan, a refinance is not always a slam dunk. There are costs […]
If you’re looking to jump into a condo as a second home because interest rates are so low you might be on to something. I have to admit that I would only buy a second home if I was going to use it a rental rather than a vacation home but that’s just me. Vacation […]
Is now the time to get out of the landlord business and sell your rentals? Maybe. I received a call from a very dear lady recently with that question on her mind. She owned a nice little house and had good tenants. Still, she wondered if it wasn’t time to sell. The renters were indeed […]