How to analyze rental property, then you can understand the numbers that I did not create Fosquare system but I copied it from two real estate investors whom I really respect and really successful. If they already know what they are doing and do not want to redesign the wheel, then this is the easiest …
The income statement is one of the three critical financial statements, including the balance sheet and the cash flow and income statement, and the income statement is the profit and loss you have heard. Top and bottom line This is the bottom line. The right to realize that there are these two main important lines …
How can I choose the best mortgage How to choose the best mortgage for me? A mortgage is the purchase of a home just like any other loan you have borrowed and pays back with interest over time. What makes a mortgage different is that it usually takes you decades to repay it, and when …
Prepaid interest is the interest you pay when you close to cover the period up to the date of your first mortgage payment. An important concept to keep in mind here is the payment of mortgage interest on arrears. I want to say this again because it’s the biggest hurdle when trying to figure out …
Real Estate Closing Process What happens when you sign the contract and the property is actually closed? It is the culmination of weeks of hard work by all parties involved, including the buyer or seller, based on both you real estate lenders and the law. The first thing that needs to happen after you sign …
WHAT TO LOOK FOR IN AN INVESTMENT PROPERTY Find out when you buy a residential or commercial property and avoid some of the disasters I have experienced in real estate buying over the last 25 years, so let’s start with the red flags. It does not matter if the property is more valuable now, residential …
What is home equity loan refinancing and the way is it aiming to profit you? during this , we’re aiming to tell you the fundamentals, and therefore the 5 best ways in which it’s aiming to facilitate improve your money scenario. Sarah: Hi, guys, it’s Sarah. Here at Lendi we’ve helped thousands of Australians finance …
What Is Mortgage Underwriting? Mortgage Insurance What does it mean to you as a mortgage debtor? We hear all these stories because it is presented for protection and you often get that message so what does the defender not do? Like our judges, they are like the Supreme Court of our company. They interpret the …
What is an APPRAISAL – What happens during an APPRAISAL? What is a home appraisal process and why is it necessary to lend? An estimate is therefore basically the value of the current market value and how they do it. Since the approach is to send an appraiser to inspect the physical properties and how …
Understanding Your Property Tax Assessment Property Tax I wanted to make sure I went to a property tax information meeting at Lake County College and I have two hats on it. Avon & Warren Township Assessors Lake County Tax Assessor Marty Paulson has had his hat cut off. I meant that it was a big …