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10 Mar 2020
By 24hr Mortgage

5 Benefits of Using A Real Estate Agent When Buying Or Selling A Home

Real Estate, ,
It may come as a surprise for some people to learn that not everyone uses a real estate agent when buying or selling a home. Whenever someone is looking to move, it is critical to rely on the experience of a real estate agent. There are a few benefits that everyone should keep in mind. Tips For Price Guidance The price is one of the most challenging aspects of either buying or selling a home. A trained real estate agent spends his or her days looking at the prices of homes that are bought and sold in the local area. …
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09 Mar 2020
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week -March 9th, 2020

Financial Reports, ,
Home mortgage rates slipped to their lowest rates on record as uncertainty over the coronavirus continued to impact financial markets. Freddie Mac reported lower average mortgage rates for fixed and adjustable-rate mortgages. Rates for 30-year fixed-rate mortgages fell by 16 basis points to 3.29 percent; the average rate for 15-year fixed-rate mortgages was also 16 basis points lower at 2.79 percent. Mortgage rates for 5/1 adjustable-rate mortgages were two points lower on average at 3.18 percent. Discount points averaged 0.70 percent for fixed-rate mortgages and 0.20 percent for 5/1 adjustable rate mortgages. The 10-Year Treasury Yield, which tracks with mortgage…
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06 Mar 2020
By 24hr Mortgage

Coping With Relationships During The Moving Process

Real Estate, ,
Heading to a new place can be an exciting time; however, this is going to have an impact on someone's relationships with family members and friends. The idea of relocation can be stressful for these emotional attachments. This can cause some hesitation as individuals and families adjust to living in a new place. These are a few tips that everyone should keep in mind. Keep In Touch Of course, one of the most important tips for coping with the move is to keep in touch. This doesn't mean that these relationships need to die. Simply arrange ways to talk with…
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05 Mar 2020
By 24hr Mortgage

Most Renters Are Paying Far More Than Their Landlord’s Mortgage

Mortgage, ,
In the overwhelming majority of the 50 largest cities across the U.S., monthly rent is more than the mortgage payment for single-family homes. In several cases, much more.  Global answering service and chat support company Moneypenny compiled data from Zillow on median rent and mortgage payments from July 2014-July 2019. In order to calculate the monthly mortgage payments, Moneypenny took the median home sale prices during the same time period and in the same major cities and then used nationally-average mortgage terms: 30-year fixed rate at 4% with approximately 6% down.  Once the two figures -- median monthly rent and median…
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04 Mar 2020
By 24hr Mortgage

5 Essential Questions Real Estate Investors Should Ask Before Making An Offer

Real Estate, ,
Real estate investing is not only a great way to diversify assets but can also be used to generate both income and capital appreciation. While this is a fantastic opportunity, it is also important to choose investment projects carefully. It is critical to ask the right questions before making an offer on an investment property. Why Is The Building On The Market? There is a reason why the property is on the market. It is important to know the answer to this question. Sometimes, the house is on the market purely because the owner is moving for job or family…
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03 Mar 2020
By 24hr Mortgage

How To Keep Records For Your Real Estate Business

Real Estate, ,
Anyone who is looking to build a successful real estate business needs to keep meticulous records. When buying and selling property, there are a lot of tax and legal responsibilities. While some people may not want to think about this issue, the IRS may audit a real estate business. In this case, it is critical to have documentation that demonstrates proof of income as well as any credits or deductions that might have been claimed. Some of the most common deductions that are claimed in the real estate business include depreciation, mortgage interest, repairs, insurance premiums, administrative costs, and property…
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