What is the best type of mortgage loan? Before we examine which type of mortgage loan is best for your circumstances, let’s review all the different types of mortgage that are currently available. Mortgage loans can be classified under two categories; residential and commercial. Read more “What Is The Best Type of Mortgage Loan?”
Whether you are purchasing a single-family home as your personal residence or purchasing an income property, your objective is to get a return on investment (ROI). My experience has been that property purchased for personal residence does not produce a very good return.
First of all, you have to pay for all the maintenance costs with after-tax dollars and you cannot take depreciation. When you factor in all the costs of ownership during the time you live in the property, including all the interest and property taxes, you are fortunate if you break even. Read more “Maximizing Return on Investment”
A common question that is frequently asked lately, is this a good time to refinance your existing mortgage? There is no definite yes or no answer to this question. Each situation is unique and requires an analysis of your current circumstances. Read more “Is Now A Good Time To Refinance?”