The best mortgage rate is a relative term. The absolute best or lowest mortgage rate isn’t always right for everybody –since the lowest prices available generally require significantly more closing prices than do speeds that aren’t as low. Knowing why you need to refinance, and exactly what your objectives are for refinancing, is critical to […]

Rental properties are a favourite vehicle of many investors since they usually appreciate in value and provide a steady flow of income. In addition they allow an investor to pay himself a salary and deduct depreciation, a non-cash cost, from leasing income. Managing rental properties demands that you maintain accurate income and expenditure records if […]

Refinancing a loan means changing an existing loan for a new one. Homeowners refinance mortgages for a lot of reasons. Some refinance to take advantage of interest rates that are lower. Other people wish to take money out of the home equity in a cash-out transaction. When home prices rise and banks give money liberally, […]

In a short sale, homeowners sell their residences for less than what they owe on their mortgage loans. It’s one means for owners to sell a house quickly. Some owners may resort to a short sale if they’re struggling to pay their mortgage bills each month; it’s a means for them to prevent losing their […]