Category: Blog

Why Invest in Real Estate?

Real estate investment is one of the greatest ways to build wealth today. Notice how I said build. It doesn’t happen overnight, and it takes a lot of hard work, research, and experience to understand the difference between a good and bad real estate investment. However, when done correctly, it is a very lucrative way to diversify your portfolio and produce passive income. One of the major benefits of investing in real estate is freedom and flexibility. It is a source of income, it could be your only source, where you work for yourself. You get to pick and choose what areas and projects to focus your time and energy on. That is, of course, if there aren’t other investors you’ve teamed up with. That being said, if you are going to find a partner or two, make sure they are like-minded individuals. Too often deals go south when partners no longer see eye to eye. It is not a bad idea to team up with someone to share some of the costs and liabilities even though you may lose some of your freedom in decision-making. Maintaining and operating rental properties is also a time-sucking ordeal. That is why, more times than not, investors choose to hire management companies to deal with the day-to-day responsibilities of managing your properties and tenants. It is a cost worth making if it means time is freed up to pursue other endeavors. One of the nice things about owning real estate is that it appreciates as time goes on. A well-managed, up-to-date property in a desirable area only becomes more and more profitable. Owning property provides a long-term return and you can take advantage of all the tax deductions that come along with it. Real estate investing is not get rich quick scheme. It takes time and long-term costs, to manage and profit.

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VA Loans 101:

There are many benefits to a VA loan. One of the greatest benefits is the option for no-down-payment when making a purchase. Borrowers have the option to finance 100% of the purchase versus traditionally putting down 20%. This is great news for service members and vets, as they don’t have to spend years saving for their down payment. With no or a smaller down payment, borrowers typically have to pay for mortgage insurance due to the loan being high risk. VA Loans do not require mortgage insurance on top of not requiring a down payment. Fees and costs are limited by the VA, saving borrowers even more money. Additionally, VA loans have more forgiving credit requirements and income requirements are lenient. There are many different VA loan programs. The perfect fit is out there depending on one’s needs and goals. It’s also easier to qualify for a VA Loan than a traditional loan with fewer hoops to jump through. You served us, now let us serve you! Contact our team and we can get started. 




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Why Get a Mortgage Loan From a Broker?

Broker vs Bank…. 

Broker: Offers access to a variety of lenders & loan products. Brokers have significantly more options than traditional banks and can provide a better, more specialized product. 
Banks: Only consider their in-house products.—

Broker: By-law are required to disclose the lowest possible rate as is bill of sale and cost to you. They present different available options and allow the borrower to make the final call. 
Banks: There is no way to tell if you are getting the best rate/loan. They don’t even have to disclose what their earnings are. —

Broker: Represents you and your interests rather than a lending institution. They are dedicated to finding borrowers the best program that suits their financial needs. 
Bank: Have a financial interest in themselves and their employer —

Broker: Because they have access to an abundance of lenders and programs, there is a higher chance of being approved. 
Banks: Strict rules and guidelines, therefore, more chance of being denied. Even if you are a good candidate for a loan, the bank can deny your application for trivial reasons.

Filed under: Blog