HOMEOWNER'S TAX GUIDE
HELOCs Becoming More Expensive
In September, the Federal Reserve raised interest rates for the third time in 2018 and they're expected to go up one more time this year and three times next year. If you have a Home Equity Line of Credit, HELOC, you're paying more to use that money and it is going to become more expensive.
Housing Affordability Index
High Low Now
Show Me the House
Fast Track Rental Property
FHA allows owner-occupants to purchase up to a four-unit property with a minimum 3.5% down payment. The rent collected on three units could be used to make the payment and the owners' pro-rata share would be less than ¼ of the payment itself.
Primary Mortgage Market Survey
Zig Ziglar quote-001
Mortgage Rates Surge to 7-year High After Fed Hike
However, despite higher borrowing costs, prospective buyers appear to be having more success breaking into homeownership, according to Freddie Mac.
It may be an all too common belief that a person will have a house payment and a car payment for the rest of their lives. However, with a plan and some determination, you can be mortgage free.
3 Strategies for Winning the Bidding War
Broker, CPM, CRS
Triumph Property Management
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