Should you rent or buy? A new map helps answer this question

September 29, 2014 by Leave a comment

Whether it’s a challenging roommate, a long commute, or marriage (just to name a few reasons) at some point many of us decide to stop renting and take the plunge of purchasing a home. The housing market continues recovering from its 2008 crash and home prices are rising although they’re not quite back to normal.... View Article

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After I buy a home and rent it out, how long do I have to wait to take out a home equity line of credit on that property? I’d like to do this quickly so I can use my line of credit to buy another home.

September 26, 2014 by Leave a comment

The good news is that you can take out a home equity line of credit, better known as a HELOC, on a rental property. Most lenders will give you a HELOC – if your credit is good – on rental properties that have up to four units. And lenders don’t care what you’ll use your... View Article

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Options When the Appraisal Comes in Low

September 23, 2014 by Leave a comment

Home appraisals are part of the real restate transaction process to ensure both the buyer and seller strike a relatively fair deal. Typically performed by the buyer’s lender, an appraiser’s goal is to determine if the agreed upon sales price is correct so the lender doesn’t give more than what the property is worth. Unfortunately,... View Article

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