Now that it’s springtime, baseball teams are starting their spring training and the heat is beginning to come back. The temperature isn’t the only thing beginning to rise though; interest rates are at a 3-year high and back in the mid 4’s on average. Even with rates going back up, many borrowers are starting to [...]
By J.P. Dahdah, Vantage Self-Directed Retirement Plans Being a “self-directed” investor doesn’t mean you have to go through your financial journey alone. In fact, very few high-net worth individuals would tell you that they reached their level financial success by themselves. Making sound financial moves consistently requires a high level of financial literacy and it’s [...]
Mortgage News Today! Andrew Augustyniak, Peoples Mortgage Co. There were a few changes made in relation to QM (Qualified Mortgage) that were implemented in the beginning of January that may affect borrowers. What is Qualified Mortgage? Basically it is a new set of regulations to protect the borrower and make sure that they can afford [...]
What Does Taking Title "Subject to" Mean? by DiAnna Jackman Senior Escrow Officer/Branch Manager Chicago Title Agency When you finally find that perfect investment property and run your numbers, be sure you read the entire contract before you sign. Many investor contracts will indicate that the buyer is to pay all closing costs. This can [...]
by Dianna Jackman, Sr. Escrow Officer Chicago Title Agency There is a new sheriff in town and its name is the CFPB. Beginning January 10, 2014, the Consumer Financial Protection Bureau will now be in charge of policing the mortgage industry under the regulations of the Dodd-Frank rules. According to the new rules under regulation [...]
By: John Burley There is a Major Flaw in real estate investing that very few people want to admit, and fewer still have the answers for how to overcome it. The major flaw with real estate investing is not the education. There are a tremendous amount of great educators out there, who provide really great [...]
