When should you lock a mortgage rate?

When it comes to interest rates, mortgage seekers should pay close attention because every little bit of interest counts. A quarter of a percentage point doesn’t sound like much, but it can mean thousands of extra dollars in interest paid, or not paid, over the life of a typical 30-year loan. For buyers worried that […]

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How Much “Housing Wealth” Can You Build in a Decade?

 Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. Below are three graphs depicting the most important data revealed in the study.How much have home […]

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Can’t find an affordable FHA-approved home? You have options.

Americans took out nearly $150 billion in loans backed by the Federal Housing Administration to buy homes in 2018. Nearly 83% of those FHA borrowers were first-time homebuyers, according to the Department of Housing and Urban Development. It’s unsurprising that FHA loans are especially popular with first-time homebuyers, due to more lenient credit-score and debt-to-income […]

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Retiring on Real Estate—Despite Starting in My 40s!

There isn’t a singular correct path toward success in real estate. It’s largely dependent on investors’ goals. Define what you want, explore your options, and determine the best way to get there. As someone who started investing in real estate in my 40s, here’s what I did and how it differs from more traditional paths. […]

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