14
Jun
By Jim Hasek
Mortgage, ,

What Are The Advantages Of Owning A Multifamily Property?

It is important for everyone to diversify their investments. One of the ways to do so is to invest in real estate. There are numerous types of properties, and one of the most attractive options is a multifamily property. Even though it might seem like a challenge to manage such a large property, there are several benefits of multifamily properties everyone should keep in mind.  Hiring A Property Manager One of the first advantages of purchasing a multifamily property is the potential to hire a property manager. With more families living in the building, it might be worth it to…
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07
Jun
By Jim Hasek
Mortgage, ,

The Majority Of Millennials Plan On Buying A House In The Next Few Years

During the past year, the housing market has been on fire. There are not a lot of houses for sale, many people are interested in moving, and there is a rising demand from the people who put off moving during the coronavirus pandemic. Furthermore, Millennial demand is picking up, which will only make the housing market even hotter. Recently, a survey found that approximately two-thirds of people who qualify for Generation Y are thinking about buying a home in the near future. Many of them have improving financial circumstances, and they are looking for a way to build wealth and settle…
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03
Jun
By Jim Hasek
Mortgage, ,

Should You Use A Home Equity Loan To Buy A Vacation Home?

If you are looking for a way to diversify your investments while also making it easier to go on vacation, you may have thought about purchasing a vacation home. Saving up enough money for one house was already hard enough, so how are you going to save up money for a second house? If you have owned your primary residence for a while, you might be able to take out a home equity loan. Then, you could use this to purchase a vacation house. How Does A Home Equity Loan Work? A home equity loan allows you to borrow against…
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01
Jun
By Jim Hasek
Mortgage, ,

Make Modifications To Age In Place With A Home Equity Loan

There are a lot of people who would like to remain in their homes for as long as possible. Unfortunately, a traditional home may have a few features that can make it difficult for people to stay in their homes as they get older. There are some modifications that can be done relatively easily to reduce the risk of falls. This includes adding handrails, improving the lighting, and even adding seats in the shower. Unfortunately, some modifications, such as making a home wheelchair accessible, can cost thousands of dollars. A home equity loan can make this process much more affordable.…
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24
May
By Jim Hasek
Mortgage, ,

The Top Home Renovations You Should Go All Out On

With many people spending more time at home, lots of homeowners are taking advantage of the opportunity to improve their houses. If you are thinking about making an upgrade to your house, you probably have a budget you would like to stick to. On the other hand, there are several home renovations you should splurge on if you want to maximize the return on your investment. Renovate The Kitchen Many people say that the kitchen is the center of the house. This is where you will spend a lot of your time, and a lot of your guests will congregate…
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20
May
By Jim Hasek
Mortgage, ,

Is It Best To Put Down A Large Down Payment, Or Be Agile With Your Savings?

Putting down the largest sum of money at your disposal might seem like the best way to go when it comes to your mortgage down payment. There is a certain amount of truth to this, but the reality is bigger is not always better. Ideally, the amount of money you settle on for your mortgage down payment will take into account your monthly budgeting requirements. The Big Advantages Of A Large Down Payment Fewer Mortgage Payments: The larger the down payment, the higher the likelihood that you will be able to afford a shorter mortgage. Unlike some of the other…
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