If you are considering buying your first home, you’ve probably spent some time on Google, talked to other people asking for advice and are in information overload! How can you tell if the advice is good…or just a myth? It seems like everyone you meet has a story about buying their first property or an opinion about what type of real estate that you should buy. There is just as much bad advice – if not more – out there as there is good advice, but it can be difficult to navigate the fact from fiction to make your own informed decision.Continue reading “Common Excuses and Myths that are Keeping you from Buying a Home”
Refinancing your home is a major financial move that could result in some significant savings for you OR it could make your situation worse. There are typically 2 types of refinancing options:
- A rate and term refinance with a goal to save money. You refinance your remaining balance for a lower interest rate and a term (number of years it takes to repay the loan) that you can afford.
- Cash-out refinancing, where you take out a new mortgage for more than you owe and take the difference in cash, for example, to pay off existing debt.
You’ve probably asked yourself the question “Should I lease, or should I buy” in the past when it came time to get a new car or decide on where you wanted to live. But, it’s also a question to ask yourself if you own your own business. If you’ve been struggling to find a rent that fits your needs, dealt with increased rent year after year, or you’ve outgrown your current space – it may be time to investigate buying your own space. Purchasing commercial real estate is a big step that can have far reaching impacts on your business’ cash flow, balance sheet, and funding options, so it does require some serious thought. If you have the capital, here’s why now is the time to act.