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Author Archives: Ken Doyle
How Long Does It Really Take to Buy a House?
How long does it take to buy a house? So you’re ready to buy a house, but you aren’t sure how long this whole process is going to take. While each deal is different and can vary in a multitude of ways, for the most part, buying a house is pretty straightforward. Assuming that you […]
The Reason Mortgage Rates Are Projected to Increase and What It Means for You
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer. Whenever we try […]
What is a home appraisal gap?
Here’s what happens if your home appraisal comes in low When you go to buy a home, your mortgage lender will almost always order a home appraisal. The purpose? They want to verify the home’s worth. Specifically, they want to be sure it’s worth the money they’re lending you and, most importantly, that they’ll recoup their investment […]
Invest in real estate, not the stock market
The stock market is a funny game. Not the kind of game that the rookie Game Stop investors are used to playing, but a real-life, action-packed, form of entertainment that toys with millions of Americans’ emotions and finances every day. You know what isn’t a game, and can also provide oh-so-sweet returns? Investing in real estate. […]
How to invest in real estate during COVID
Prepare for the investment opportunities to come after the pandemic passes Although coronavirus vaccines are being distributed throughout the U.S. and life is expected to slowly start getting back to normal in 2021, we are still quite a while from the old status quo. That is, if life ever truly returns to normal after living […]
Understanding Capital Gains Tax on a Real Estate Investment Property
Changes in tax laws have resulted in more complications, and owners of rental properties should invest more time and resources on tax planning. Real estate properties generate income for investors, but taxes play a factor in returns. OWNING REAL ESTATE produces steady income for investors, but the sale of residential and business properties can generate a […]
What Happens When Homeowners Leave Their Forbearance Plans?
According to the latest report from Black Knight, Inc., a well-respected provider of data and analytics for mortgage companies, 6.48 million households have entered a forbearance plan as a result of financial concerns brought on by the COVID-19 pandemic. Here’s where these homeowners stand right now: 2,543,000 (39%) are current on their payments and have left the program […]
What’s the Difference between an Appraisal and a Home Inspection?
If you’re planning to buy a home, an appraisal is an important step in the process. It’s a professional evaluation of the market value of the home you’d like to buy. In most cases, an appraisal is ordered by the lender to confirm or verify the value of the home prior to lending a buyer money for the purchase. […]
Financial Fundamentals for Homebuyers
Some Highlights When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses. From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning. Let’s connect today […]