Buying a house in today’s market can be stressful. With demand for houses booming and low inventories, the market price on housing have increased. One way to get adequate information on the current housing situation is to do research online. The one website that I use to get up-to-date information is Realtor.com. Using Realtor.com isContinue reading “Using Realtor.com”
Author Archives: guillermo caraveo
Using LegalShield
LegalShield is an American corporation that sells legal service plans to consumers through employer groups and multi-level marketing. Legalshield was founded by Harland Stonecipher in Ada, Oklahoma in 1972. The mission is to provide individuals and businesses with the ability to talk to an attorney on a personal legal matter without incurring high legal costs.Continue reading “Using LegalShield”
Using Quicken Loans
If you are looking for a VA, FHA, or conventional loan, one of the top internet companies that provides this service is Quicken Loans. Quicken Loans prides itself as being one of the top personal finance software companies in the United States. The company has been in business for over 30 years. Quicken has alsoContinue reading “Using Quicken Loans”
FHA Loans
There are mortgage products available that allow homebuyers to put down very little money. These are FHA loans. FHA loans are backed by the Federal Housing Administration and have been around since 1934. The down payment on an FHA loan is 3.5 percent. It is available on condos, single-family homes, and multifamily homes. With multifamilyContinue reading “FHA Loans”
Investing in a 529 Plan
If you have kids that aspire to attend college, one of the financial tools available to them is a Section 529 Plan. Section 529 Plans are sponsored by state agencies, states or educational institutions. A Section 529 Plan is named after a section in the Internal Revenue Code, which was authorized to allow for taxContinue reading “Investing in a 529 Plan”
Should I use an LLC to invest?
What is an LLC? As one grows their rental property business, there are many ways that one may want to consider to shield themselves from liability and maximize the value of their investments. One of the ways of doing both is through the formation of an LLC. There are organizations such as LegalShield that assistContinue reading “Should I use an LLC to invest?”
The Four Ways of Making Money with Real Estate
There are four main ways that a person can make money through real estate when investing in rental properties. These include cash flow, appreciation, taxes, and equity. Cash Flow Cash flow is the amount of money that is moving in and out of your real estate business. Cash inflows into the business come from theContinue reading “The Four Ways of Making Money with Real Estate”
Comparing a VA Loan to a Conventional Mortgage
When purchasing a home, one must decide on what type of loan one is going to use. It seems that choosing between a VA loan or a conventional loan would lean heavily towards a VA loan. After all, with the VA loan, one does not need to put any money down and there is noContinue reading “Comparing a VA Loan to a Conventional Mortgage”
VA Loan Eligibility
VA loans are used by thousands of service members every day. The loans are issued by private lenders and are backed by the U.S. Department of Veteran Affairs. Here are the requirements necessary to qualify for the VA loan: You are on active duty and have served 90 continuous days. You are a veteran whoContinue reading “VA Loan Eligibility”
VA Funding Fee
The VA loan allows borrowers to put down no money on their property purchase. In addition, borrowers can take advantage of low interest rates. Active duty members, disabled or retired military service members, certain National Guard members and reservists, and eligible surviving spouses are able to take advantage of the VA loan. Mortgage insurance isContinue reading “VA Funding Fee”