The monthly mortgage payment can be burdensome for many, but it's possible you've thought of trying to pay it down more quickly. Without getting a new job or working overtime, here are some tips you can use on a daily basis to save additional funds and pay off your mortgage at a swifter rate.
What Are The Advantages Of Owning A Multifamily Property?
It is important for everyone to diversify their investments. One of the ways to do so is to invest in real estate. There are numerous types of properties, and one of the most attractive options is a multifamily property. Even though it might seem like a challenge to manage such a large property, there are several benefits of multifamily properties everyone should keep in mind.
Using A Renovation Loan: A Case Study
How would you buy a property that needs a new roof and additional work if the seller is unwilling to fix it? In this video, I’m going to share the case study of a borrower that was trying to buy a house through the FHA program—but got denied because of the property condition. I’ll explain how our innovative solution was able to get the borrowers the home they really wanted.
An Appraisal Denied
Although the borrower wanted this house, it needed some work. Anytime you’re trying to do FHA financing, they’re a little pickier on the condition of the property. In this case, we had a leaky roof and flaky paint, and it wouldn’t pass the appraisal.