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Monthly Archives: July 2019

    Get Leverage Working for You

    By Carla Higgins | July 30, 2019

    Leverage is an investment term that describes the use of borrowed funds to control an asset; sometimes referred to as using other people’s money. Borrowed funds can affect the investment in your home positively. For instance, if you had a $100,000 rental property, collected the rents and paid the expenses and had $10,000 left, you … Continue reading Get Leverage Working for You → Read More

    Delay Will Usually Cost More

    By Carla Higgins | July 23, 2019

    Two things can happen when the mortgage rates go up before you’ve found a home or locked-in your mortgage. You’ll either pay the current mortgage rate which means a higher payment, or you’ll have to increase your down payment to keep the monthly payment at the same level. If the rate were to go up … Continue reading Delay Will Usually Cost More → Read More

    Measuring Square Footage

    By Carla Higgins | July 16, 2019

    Square footage is commonly used to determine if a home will fit a buyer’s needs. The price per square foot can be used to compare the costs of different homes and even, determine the value of a property. The challenge is what is the source of the square footage measurement and how was it done. … Continue reading Measuring Square Footage → Read More

    Checking for Water Leaks

    By Carla Higgins | July 9, 2019

    Aside from standing water in your yard or water running out from under a sink, the first indication that you might have a water leak comes from a larger than normal water bill. Before calling a leak specialist or a plumber, there is a simple diagnostic you can perform. Go through your home and make … Continue reading Checking for Water Leaks → Read More

    Checking for Water Leaks

    By Carla Higgins | July 9, 2019

    Aside from standing water in your yard or water running out from under a sink, the first indication that you might have a water leak comes from a larger than normal water bill. Before calling a leak specialist or a plumber, there is a simple diagnostic you can perform. Go through your home and make … Continue reading Checking for Water Leaks → Read More

    Building Equity

    By Carla Higgins | July 2, 2019

    Owning a home is the first step to building equity. Tenants build equity but not for themselves; they build it for the owners. Equity is the difference in the value of the home and what is owed on the home. There are two dynamics that cause this to grow: appreciation and principal reduction. As the … Continue reading Building Equity → Read More

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