There are three parts to qualifying for a loan. One, your down payment. Two, your debt to income ratios. And, three your Credit Score. The amount of down payment reduces risk to lenders. Because of this they reward borrowers that put more money towards the purchase of the property. These rewards are lower interest rates,…… Continue Reading
Spokane Washington Homes for Sale
What Room Gives the Most Bang for the Buck in Remodeling
The answer is the kitchen. It’s the hub of a home. So, if you are thinking about remodeling a part of your home think kitchen first. Most of you may not know this but we recently purchased a residential property on the court house steps, remodeled it, and sold it. In the first five days…… Continue Reading
Using Other Peoples Money to Fund Your Retirement
As you know interest rates are at an all time low. This is one of the best times to buy residential rental property (2 to 4 units). Anything above 4 units has to qualify for a commercial loan. You may not know this but commercial financing is not as favorable as residential financing. Commercial financing…… Continue Reading
When to Refinance
If you have been thinking about refinancing. The general rule of thumb when considering if it makes good financial sense to refinance is when a new rate is one point (1%) below the current rate. If this is the case then compute the amount of time it will take to payoff the cost of obtaining…… Continue Reading
Check Your Homeowner's Insurance Pricing.
Recently, we were billed for the renewal of our homeowner’s insurance policy. We looked at the bill and felt it might be high. This prompted us to get a quote from another insurance company and, to our surprise; the quote was less than half of our current policy (with the same parameters). We let our…… Continue Reading