20 Mar 2020
By 24hr Mortgage

Paying Rent And Mortgages With A Credit Card

Mortgage, ,
When people purchase a house, they usually set up their mortgage payments as a direct draft out of a checking account. The same is typically true of rent payments; however, many people have wondered if there was another way to pay rent or mortgage. After all, there are credit cards out there that have fantastic rewards. It would be great to take advantage of these rewards by placing rent and mortgage payments on a card. Sadly, there is no way to pay rent or mortgage with a credit card without a fee. There are bank interchange fees that would lead…
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19 Mar 2020
By 24hr Mortgage

More Than 25% Of Millennial Homebuyers May Be Financially Unprepared

Mortgage, ,
Millennials are the first generation in America that will probably not be able to do as well as their parents. In the United States, there is not as much upward mobility as there was in the past. What is the cause of this? CNN reports that Millennials have more college degrees than their parents. They also have an enormous amount of student loan debt. Many millennials have lower-paying jobs than their parents had at the same age when adjusted for inflation. Spending patterns changed as well, due to the high cost of living. Finding The Money Saving is not easy.…
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18 Mar 2020
By 24hr Mortgage

How to Buy An Investment Property

Real Estate, ,
It is important for everyone to take steps to diversify their assets. While many people take this to mean holding multiple stocks, bonds, and mutual funds in the market, this also includes branching out into the real estate industry. The real estate industry is far more stable than the stock market and provides a fantastic opportunity to generate reliable returns. At the same time, there are lots of options to choose from when it comes to investment properties. Here are a few tips everyone should keep in mind. Buying And Renting One option is to purchase a single-family home as…
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17 Mar 2020
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week -March 17th, 2020

Financial Reports, ,
Last week’s scheduled economic reports included readings on inflation and consumer sentiment. Weekly readings on mortgage rates and new jobless claims were also released. Inflation Holds Steady in February The Consumer Price Index rose 0.10 percent in February and matched January’s reading. Analysts expected no inflationary growth for February and noted that the Coronavirus had not yet impacted national inflation. Higher rents and grocery prices caused inflation to rise in February. Year-over-year, the Consumer Price Index rose 2.30 percent in February after posting its highest reading of 2.50 percent in January; analysts expect inflation to decrease in the coming months.…
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13 Mar 2020
By 24hr Mortgage

How To Finally Become A Real Estate Investor This Year

Real Estate, ,
Investing in real estate remains one of the best ways to accumulate wealth in America. There are six ways to get started in real estate investing. One way does not require any investment capital, just an investment of your time. Ways to get started include investing in a REIT, buying an incoming-producing property, using a buy-and-hold strategy, flipping houses, crowdfunding, and wholesale deals. Investing In A REIT A real estate investment trust (REIT) is an investment instrument that offers a proportional ownership interest in a real estate portfolio that follows a particular investment strategy. A private REIT has a minimum…
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12 Mar 2020
By 24hr Mortgage

The Long-Term Toll Of College Costs

Mortgage, ,
Taking out enormous student loans to get a college degree may be a terrible idea for some. The burden of paying off this debt can make it far more challenging to do other important things like buying a home. Here are some common problems that come from taking out large student loans: Not Worth It: The college degree may not help you land a high-paying job. Even high-paying jobs like being a dentist have extremely high educational costs as well. Aspiring dentists borrow, on average, over $500,000 to go to dental school and spend multiple decades paying it back. Tuition…
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