Just over a month ago, the fundamentals of our economy were strong, i.e., low unemployment, low real estate inventories, low inflation, low-interest rates, and stability in the capital markets. Within a month, this coronavirus pandemic has rocked our world. I want to pass on some hope in the...
Saves Time – An experienced mortgage broker has a network of relationships to help you quickly find the lender that best fits your particular loan request. Saves Money – The cost of using an experienced mortgage broker is a sound investment that yields a great return. The real savings is...
Financial leverage is the borrowing of capital to invest with an expectation the return will exceed the cost of the capital. Financial leverage may or may not be a benefit during differing economic conditions. For example, financial leverage with subprime debt was bad for banks during the...
Know Your Lender’s Track Record Be smart from the start. To save time and reduce stress when looking for private money real estate financing, research the lender’s track record and references. Look for a private lender that values integrity and has the results to prove it. Many times...
1) Know how Net Worth is Calculated Net worth is the difference between your assets and liabilities, calculated as: Net Worth = Total Assets – Total Liabilities While your liabilities are easy to calculate it can be challenging to determine accurate asset values. It is best to make...
