Tag Archive: money

How Do You Actually Make Money Flipping Houses?

October 30, 2014 by Leave a comment

If you have cable, you’ve probably crossed paths with a house flipping show or three. These days, it seems like every network has at least one knocking around their line-up, and it’s easy to see why. Though there may be fewer houses being flipped, flippers are making more money off each house than they did... View Article

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Excessive Loans? When Refinancing Your Home to Free up Cash Makes Sense

September 5, 2014 by Leave a comment

To some homeowners, the idea of refinancing their mortgage seems a little daunting. The process is akin to buying your house all over again. Paperwork, credit checks, an appraisal, and closing costs are all aspects of the loan origination process that can complicate the answer to whether refinancing makes sense. For those unfamiliar with the term, refinancing simply... View Article

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When buying a house, should I use my gross income or net income to determine what I can afford?

September 3, 2014 by 2 Comments

There’s a big difference between your gross income and your net income. Your gross income is the money you earn each month before taxes are removed. Your net income is that same income after taxes are removed. No surprise, your net monthly income is usually much lower than your gross monthly income. When it’s time to buy... View Article

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Have You Tried to Refinance Lately? HARP Changes Could Help You Qualify

August 29, 2014 by Leave a comment

As the housing market continues to rebound, lenders are in a tricky situation. Excessively strict lending laws can cause the market to stagnate, but loosening restrictions too much will result in foreclosures. Consumers and economists often eagerly await news about lending conditions, since it directly impacts the market. One major source of information on lending conditions is the... View Article

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What is a home equity loan?

August 26, 2014 by Leave a comment

Many homeowners think of home equity loans and home equity lines of credit as the same thing. But they’re not. In fact, there are some significant differences between the two. Think of a home equity line of credit as a type of credit card that uses your home as collateral. You can borrow up to a certain... View Article

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Advantages of Renting

August 14, 2014 by 1 Comment

In a previous article we discussed the benefits of home ownership, now we will focus on the other side of the coin.  Buying a home is not for everyone, and that is perfectly fine as renting has many of its own benefits.   Many people think that renting is a waste of money, and that is... View Article

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Is Real Estate Really Passive Income?

July 24, 2014 by Leave a comment

Many people think buying a second property for the purpose of renting the unit to tenants or investing in real estate will create a great form of passive income. But the reality can be far different. The majority of people don’t start with a turnkey operation that immediately generates income without the additional investment of time and... View Article

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