Submitted by Rick Kahler on Thu, 11/21/2013 - 12:00pm
Want a good way to build wealth? Own commercial real estate. But only if you are willing to undertake due diligence that may not be readily available online, make a big hands-on commitment to mind the investment and exercise enormous patience.
Real estate is one of the largest asset classes in the world. The family home is the largest asset many middle-class Americans own. And real estate makes up a significant portion of the net worth of many wealth accumulators.
Submitted by Michael Kitces on Thu, 10/10/2013 - 3:00pm
Would-be homeowners long turned to the Federal Housing Administration for affordable mortgages. That’s also true for older folks and reverse mortgages, which they use to supplement their income by tapping the equity value of their homes. But the agency is tightening the terms on these loans.
Expanded loan volume paired with what some suggest is a decrease in loan quality have led to increased defaults and depleted FHA reserve funds.
Submitted by Kimberly J. Howard on Thu, 10/03/2013 - 12:00pm
Buying a home is life’s biggest financial investment for most people. Because of the size of the commitment, most buyers need a home loan and must choose a mortgage with unusual care. Here’s what to look for.
Since the depths of the Great Depression, the Federal Housing Administration has helped cash-strapped Americans buy homes. This government agency recently toughened some rules, and here’s what you must know now before applying for an FHA mortgage.
Submitted by Walid L Petiri on Wed, 09/25/2013 - 9:00am
Mortgage rates are up now and are driving higher in the future for two reasons, both emanating from Washington, including one that many are overlooking.
The first reason is well known: The Federal Reserve is planning to withdraw its bond-buying program. The second reason, whose impact is down the road, is the likely revamping or outright extinction of Fannie Mae and Freddie Mac, the two government-supported mortgage giants.
Submitted by Hilary Martin on Wed, 09/11/2013 - 3:00pm
Wondering if it’s better to buy or rent? You’re not alone. We have long been conditioned to view homeownership as an uncontested good, but the housing market took a serious hit during the Great Recession. Now that home values are recovering, will the American Dream of homeownership regain its luster?
Submitted by Sterling Raskie on Wed, 09/04/2013 - 12:00pm
Headlines scream about health insurance policies’ complications and traps, but other kinds of policies need your scrutiny, too.
A friend, for example, asks me about his rental property. He just moved from a duplex that he entirely owned, though he only lived on one side. He purchases a home and finds a new tenant for where he’d been living – then reels when insurance on his duplex nearly doubles. After debate, he cuts the replacement cost that the insurance company put on the building to $250,000 from $500,000. And red flags fly in every direction in my brain.
Submitted by Brenda P. Wenning on Tue, 08/06/2013 - 9:00am
The majority of Americans think we’re still in a recession. We’re not, but we may as well be. Though the economy technically grows, few people see any improvements. Just the perception of poor conditions makes the economy worse.