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Monthly Archives: February 2020

    What kind of properties are these?

    By Carla Higgins | February 25, 2020

    It is the way the property is used that determines the type of property it is, not what it looks like. Based on the intent of the owner, the property could be a principal residence, income property, investment property or dealer property. A principal residence is a home that a person lives in. There can … Continue reading What kind of properties are these? → Read More

    Why Put More Down

    By Carla Higgins | February 18, 2020

    The least amount in a down payment is an attractive option when people are thinking of buying a home. A common reason is to have cash available for furnishing the new home and possible unexpected expenses. Some people don’t have any options because they only have enough for a minimum down payment and the closing … Continue reading Why Put More Down → Read More

    Financing Home Improvements

    By Carla Higgins | February 11, 2020

    Home improvement loans provide a source of funds for owners to finance the improvements they want to make. These are usually, personal installment loans that are not collateralized by the home itself. Since there is more risk for the lender with this type of loan, the interest rate is higher than a normal mortgage loan. … Continue reading Financing Home Improvements → Read More

    House-Hacking Rental Property

    By Carla Higgins | February 4, 2020

    House-hacking refers to buying a multifamily property on an owner-occupied mortgage, living in one unit and renting the others. If you’re thinking about becoming a rental mogul, starting early is an advantage. Not only will you have longer to accumulate a larger portfolio, you can increase the leverage on the first acquisitions if they are … Continue reading House-Hacking Rental Property → Read More

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