Are rental properties REALLY a smart investment?

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Investment in rental properties, especially residential properties, is increasingly being seen as a hot new earnings opportunity.  In the wake of the economic down turn, as the rate of home ownership in the U.S. has fallen, the rental market has grown steadily.  With mortgage lending standards tighter and cash for potential home buyers more scarce, the number of renters has climbed, pushing rents ever higher in most Continue reading “Are rental properties REALLY a smart investment?”

PMI: WHAT YOU NEED TO KNOW

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For most borrowers PMI (or Private Mortgage Insurance) is just one of the many mysterious charges that get folded into their total monthly mortgage payment.  But anyone in the market for a new home, and the inevitable mortgage that comes with it, needs to understand how it works, and how it can be avoided.  Simply put, PMI is an insurance policy that your lender takes out as protection against the possibility that someday you will no longer be able to make your mortgage payments, except that it is your responsibility to pay the monthly premiums.  Also, the lender is typically the beneficiary, not you or your heirs. Continue reading “PMI: WHAT YOU NEED TO KNOW”