Why is getting a mortgage a bad idea?

Your premise is incorrect. Making a down payment on a home and financing the balance with a mortgage ultimately makes far more sense than taking some extended period of time to accumulate the funds to buy for cash. Furthermore, the cost

What are some tips for a semi monthly mortgage?

Its best to get a 30 year fixed mortgage. Then get into the habit of paying down principle on a monthly basis. Its better not to lock yourself down into a semi monthly mortgage, just in case an emergency happens, say an injury, hospital bills, layoff's, or other circumstances. Its

How to buy a house without getting a mortgage

The obvious answer is all cash of course. - Lets look at some less obvious ones. You could trade something else of value. - Usually that would be some other real estate that you own.  But it could be a boat, motorhome,

What are some tips for passing a real estate exam?

Most states use a testing service. For instance here in Georgia they use a company called GoAmp. Sample tests and pamphlets are available for a fee and they are worth the money. Read each question carefully twice and each answer before you pick one. If you don't know the answer right off, skip

How to get a mortgage without a deposit

In Dubai, You can get a mortgage from a bank with 100% financing.However, in other cases you can Consider getting a property with a post handover payment plan especially from developers. This is like paying a high rent, but the property becomes yours after the agreed period.You can also consider

What are a few tips on getting a mortgage?

To get a jump start in mortgage loan process use these five tips to find out the best lender for you:GET YOUR CREDIT SCORE IN SHAPEA low credit score signals that lending to you is riskyTo build your credit score, first make sure your credit reports are accurate and free

What are the advantages of a 10-year mortgage over a 30-year mortgage?

The biggest advantage would be a lower interest cost on the mortgage overall, and you will accumulate equity on the home quicker (faster amortization schedule).Like others have said, interest rates on a 10 year mortgage will typically be lower than a 30 year mortgage. But looking at the bigger picture, the total interest cost

What is the best way to avoid the inflated valuation of the London property market?

Unfortunately the way properties are sold in some countries tend to increase their value and the results are over prizing.Example: In England I would not say they sell real estate but due to the way they do business it is more like an Auction sale than

Should I get an interest only mortgage or a repayment mortgage as a first time buyer?

It probably won't be up to you. Take what the bank gives you.

What is the best way to avoid the inflated valuation of the London property market?

Unfortunately the way properties are sold in some countries tend to increase their value and the results are over prizing.Example: In England I would not say they sell real estate but due to the way they do business it is more like an Auction sale than

How to buy a house without getting a mortgage

The obvious answer is all cash of course. - Lets look at some less obvious ones. You could trade something else of value. - Usually that would be some other real estate that you own.  But it could be a boat, motorhome,

What is the best way to avoid the inflated valuation of the London property market?

Unfortunately the way properties are sold in some countries tend to increase their value and the results are over prizing.Example: In England I would not say they sell real estate but due to the way they do business it is more like an Auction sale than

Should I get an interest only mortgage or a repayment mortgage as a first time buyer?

It probably won't be up to you. Take what the bank gives you.

How can someone get a mortgage with a low income?

It is very difficult to get a mortgage with a low income even if you have plenty of equity in the property. This is because banks are in the banking business which means that banks lend money only to people who don't really need it.

How to buy a house without getting a mortgage

The obvious answer is all cash of course. - Lets look at some less obvious ones. You could trade something else of value. - Usually that would be some other real estate that you own.  But it could be a boat, motorhome,

What is the cause of a high house cost?

In the uk there are several factors . 1 The cost of land which is bought on the open market price . 2 the cost of infrastructure . 3 the cost of materials , much of those in modern houses have to be imported and subject to

What is the best advice for someone saving for a down payment on their first home mortgage?

My advice is to eat and drink in your home. Invite your friends to your home to entertain instead of going to restaurants, bars, and theater. Find activities that are free or low cost to do with your friends. Cut cable and sign up for a single site like netflix, hulu or Amazon prime to

How can someone get a mortgage with a low income?

It is very difficult to get a mortgage with a low income even if you have plenty of equity in the property. This is because banks are in the banking business which means that banks lend money only to people who don't really need it.

What is the best way to avoid the inflated valuation of the London property market?

Unfortunately the way properties are sold in some countries tend to increase their value and the results are over prizing.Example: In England I would not say they sell real estate but due to the way they do business it is more like an Auction sale than

What is the cause of a high house cost?

In the uk there are several factors . 1 The cost of land which is bought on the open market price . 2 the cost of infrastructure . 3 the cost of materials , much of those in modern houses have to be imported and subject to

What are some things I need to know before putting a down payment on a mortgage?

Well, to clarify, you don't put a down payment on a mortgage, but rather on a specific house (or commercial property). That sum, usually 5-30% of the purchase price, becomes your equity in the house, and it is your ability to produce that sum which in part convinces the bank that you are of

Should I get an interest only mortgage or a repayment mortgage as a first time buyer?

It probably won't be up to you. Take what the bank gives you.

Should I get an interest only mortgage or a repayment mortgage as a first time buyer?

It probably won't be up to you. Take what the bank gives you.

How to buy a house without getting a mortgage

The obvious answer is all cash of course. - Lets look at some less obvious ones. You could trade something else of value. - Usually that would be some other real estate that you own.  But it could be a boat, motorhome,

What is the best way to avoid the inflated valuation of the London property market?

Unfortunately the way properties are sold in some countries tend to increase their value and the results are over prizing.Example: In England I would not say they sell real estate but due to the way they do business it is more like an Auction sale than

What is the best advice for someone saving for a down payment on their first home mortgage?

My advice is to eat and drink in your home. Invite your friends to your home to entertain instead of going to restaurants, bars, and theater. Find activities that are free or low cost to do with your friends. Cut cable and sign up for a single site like netflix, hulu or Amazon prime to

What is the cause of a high house cost?

In the uk there are several factors . 1 The cost of land which is bought on the open market price . 2 the cost of infrastructure . 3 the cost of materials , much of those in modern houses have to be imported and subject to

What is the best way to get older Realtors to use newer technology?

I am regularly asked to discuss technology with agents in our office and find that many of the agents who have been around awhile are afraid of change. Unfortunatley most of these agents see their businesses fade away. Also, many people use the term "Technology" as

Is the Canadian housing market as filled with fraud today as was the US in 2008?

This article notes that Canadian insolvency rates are approaching 10% or double the US insolvency rate in the run up to 2008.The Canadian housing market puts us all at riskBut Canadians are not so stupid as to allow the

Can foreigners own land in the USA?

Yes. for details. FIRPTA WithholdingForeign Investment in Real Property Tax of 1980.IRS.giv:

What is your favorite Real estate Technology and why?

In my opinion, the most useful real estate technologies are the ones that allow RE professionals to manage and process data in a more effective way. There are as many technology applications in RE as there are number of users ready to use them: owners, tenants, landlord and brokers are just some examples.

What does your home look like right now? Take a picture.

This is my apartment. That was where my TV stood. Above the TV were pictures of me and my fiancée. Today she left me and boarded a plane that I should have been on. It was going to be a fresh start. Instead, this.You're damn right I've been drinking.

What is the best place to find properties in UK?

Where to find the best properties in the United Kingdom? The amount invest in real estate is the second highest in the United Kingdom and there are many best online sites that helps you to find properties in the United Kingdom, listed below are some of them.

How would you compare two career paths: real estate development vs investment banking? Pros and Cons?

Real estate is  a little less lucrative than banking investment however banking can lead to more money. Real estate development involves networking although banking investment can also mean networking but generally you can just invest into financial companies your bank offers you and your given advice while eeal estate can be a little hands free.

How can someone get a mortgage with a low income?

It is very difficult to get a mortgage with a low income even if you have plenty of equity in the property. This is because banks are in the banking business which means that banks lend money only to people who don't really need it.

What are some things I need to know before putting a down payment on a mortgage?

Well, to clarify, you don't put a down payment on a mortgage, but rather on a specific house (or commercial property). That sum, usually 5-30% of the purchase price, becomes your equity in the house, and it is your ability to produce that sum which in part convinces the bank that you are of

What is your favorite Real estate Technology and why?

In my opinion, the most useful real estate technologies are the ones that allow RE professionals to manage and process data in a more effective way. There are as many technology applications in RE as there are number of users ready to use them: owners, tenants, landlord and brokers are just some examples.

What are some good ways to assure the value of a house goes up after getting a mortgage to own it besides renovating it and fixing it up?

I like this question, because the answer gives some background to where a homes value is derived from.If you can't improve the house, improve the comps :-)If you're going to refinance, the bank hires an appraiser to ensure the value of the collateral they're about to take Lien rights

What is the most underrated tip for first time home buyers?

First time home buyers! Forget being shy! travel up and down the street, speak to all you can find at home, ask how they like or dislike the neighborhood and other questions. It can happen that some of these neighbors will end up being more in your life, good or bad, than your relatives.Ask

I am 24 years old and just bought my second investment property. At this point, should I begin creating a plan in the event of my untimely death?

As soon as you have a net worth over five or ten thousand dollars you should have a Will. Next would be enough term life insurance to pay off your debts to make it easy for your beneficiaries to settle your affairs. Then go conquer the world and have fun.Remember money is the scorecard not the game.

What is the perfect house size for a family of 5-6?

It depends on your specific needs, but try to balance having enough space with keeping things reasonable. I grew up in a family of 6, and we moved into my parent's current house when I was a kid. It was enough space then, but now my mom is

Who carries all things needed to build a house?

Building supply dealers. There are many wholesale companies that work with construction companies to supply all the materials they need to build a house. A lay person may be able to set up an account if you furnish documents that you are building a house.Many Contractors and do it yourselfers also

What are the best places and websites to find a furnished apartment for rent in Vancouver?

CraigslistDespite being a household name in the USA and Canada, Craigslist might seem daunting if you're moving from abroad and conjure up some rather seedy imagery: However, it's one of the most helpful resources available for finding things on a budget in the North American continent.Co-op HousingThey're non-profit,

What's the best area in London to rent?

Cheap rent in London? Walthamstow used to be a good bet, so did Shoreditch and Angel. Nowadays even the shabbiest basement hovel is ruinously expensive. Add council tax, service charge and other utilities and you are a very long way from cheap. Vast amounts of immigration of

What is the best way to find a house to rent in London?

I'm guessing from your question that you're coming from outside the UK? I'm basing that guess on your comment about not knowing what sites to use, so I may be off target...Rightmove.co.uk and Zoopla > Search Property to Buy, Rent, House Prices, Estate Agents are big. There are others as

Where can I rent a property in London?

Is there more to this question? At a basic level - anywhere, London is full of rental properties. Assuming you're looking for residential but without a budget or criteria it's difficult to answer.My own preferences... I like to be out of Zone 1 and feel like I've left work behind at the end of the day. Look