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Real Estate

HOW TO REPAY THE MORTGAGE EARLY?

If I’ve recently had a mortgage approved or are already some way into my repayments, I may be thinking about how to repay the mortgage early rather than later.  So I’m eager to join the nearly 40% of American landlords who actually own their homes outright. Can you imagine that? When the bank doesn’t own your home and you step onto your lawn, the grass feels different under your feet—that’s called freedom. But the problem is you’re currently stuck dragging around that… Read More »HOW TO REPAY THE MORTGAGE EARLY?

HOW TO PROTECT MY VACANT HOME AFTER SHIFTING?

Keep your vacant home from falling victim to the elements, system failure, or burglary. If I’m shifting out of my home and my home is vacant for some time. Then, it’s crucial for me to take the required security measures to keep it protected. Unless somebody shifts in and starts residing in it. Why? Everybody seems to know the answer to the WHY question here. Of course, an empty home tends to be vulnerable to theft and vandalism for a… Read More »HOW TO PROTECT MY VACANT HOME AFTER SHIFTING?

HOW TO BE A GOOD TENANT?

Taking care of my rental being a good tenant might allow for rent negotiations. It also allows for more favorable conditions of the lease. I may not intend to care for my rental space as I would do of my own house, but there is a bundle of reasons to be a good tenant. In addition, to keep my landlord happy, taking care of the rental gives me the upper hand in rent negotiations. Maybe, I can get better lease… Read More »HOW TO BE A GOOD TENANT?

WHICH CLOSING DOCUMENTS TO KEEP AFTER CLOSING?

A guide to the closing documents I should keep after I purchase my house! New homebuyers can easily watch the amount of paperwork they own grow after purchasing a house. From a folder full of closing documents to piles, the pages are added up once a home purchase is completed. The inclination may be to keep everything. After all, I’ve just completed the largest purchase of my life. Also, all of those closing documents must have some purpose to keep… Read More »WHICH CLOSING DOCUMENTS TO KEEP AFTER CLOSING?

WHAT SHOULD I OPT FOR, A FIXED MORTGAGE OR AN ADJUSTABLE MORTGAGE?

Fixed Mortgage or an Adjustable Mortgage? Which one I should go for? There are two kinds of mortgages, fixed-rate and adjustable-rate mortgage (ARM). Every mortgage kind has its highs and lows. If you feel Illinois real estate is the industry for you, check out Illinois Brokers Academy. We offer pre-licensing and post-licensing courses, as well as state exam prep dates. Do check our updates now for more information. What is a Fixed Mortgage? A fixed mortgage has an interest rate that remains… Read More »WHAT SHOULD I OPT FOR, A FIXED MORTGAGE OR AN ADJUSTABLE MORTGAGE?

WHAT NOT TO STORE IN THE BASEMENT?

Finished and unfinished basement storage can be tricky. Follow these rules to make sure to keep the things rightly stored in the basement. Ah, the joys of having a basement to my home. It might offer me an extra space to transform into a family room or guest bedroom. It also gives the correct amount of square footage to use for short- and long-term storage. But to store in the basement doesn’t always make for glad home partners. Some basements… Read More »WHAT NOT TO STORE IN THE BASEMENT?

IS HOME INSPECTION AND HOME APPRAISAL ARE SAME?

Two giant steps in a real estate transaction are the home inspection and home appraisal. Both steps are equally important for the sale. So it’s crucial to know the difference between a home inspection and home appraisal. With it, I’ll also learn how they can blow things up or keep them moving forward. Sound like something you might enjoy? Then, you should explore more about real estate education to help you become the most demanded real estate broker. Click here and… Read More »IS HOME INSPECTION AND HOME APPRAISAL ARE SAME?

3 MOST LISTENED HOME BUYING CONTINGENCIES

I’ll Make an Home Compelling Offer, But… Home buying contingencies are a common occurrence in property transactions. They fairly indicate the selling and purchasing of a house will only occur if they meet the specific conditions. The offer is given and accepted, but either party can bow out if those conditions aren’t met. Most people perceive home buying contingencies as being tied to financial concerns. A purchaser can give an offer, but it is contingent upon them receiving a mortgage.… Read More »3 MOST LISTENED HOME BUYING CONTINGENCIES

HOW TO CALCULATE THE DEBT-TO-INCOME RATIO?

Tons of people dislike math, but there is one easy calculation that is very necessary when purchasing a house. This is called the debt-to-income ratio. Having a strong debt-to-income ratio can assist a person get approved. Having a weak debt-to-income ratio can be the key difference between approval and denial for a house loan. The portion of calculating the ratio is rather simple. Understanding what is included, and what is not included in the calculation, requires a bit more work. I’ll… Read More »HOW TO CALCULATE THE DEBT-TO-INCOME RATIO?

HOW TO AVOID CAPITAL GAIN TAX WHEN SELLING PROPERTY?

I might have to pay capital gain tax when selling out my house. But there are ownership and some specific requirements that can assist me to avoid paying capital gain tax on some of the gains I’ve accrued during the time of my house ownership. So before I finalize my house-selling plans, I’ll talk to a tax professional. I’ll be sure not to skip this step.  It’s not a debt I want to be surprised about at some time in the… Read More »HOW TO AVOID CAPITAL GAIN TAX WHEN SELLING PROPERTY?