When Do You Have to Pay PMI?
Myth Buster of the week: When you have less than 20% down you HAVE to pay PMI. NOT true. When you have 10% down, you can borrow the difference (the other 10%) from the bank. We work with a couple of banks who will give you the difference needed for 20% down and have...
How Do You Know if Your Property Taxes Are Impounded?
Question: I just received a property tax bill. Do I pay it, or are my taxes and insurance included in my monthly mortgage payment? Answer: That’s a great question. Having your taxes and insurance included in the mortgage payment, and therefore collected by your...
How to Remove a Co-Signer from Your Mortgage
This post was updated on March 17th, 2019 Q: When I bought my home, I couldn’t qualify on my own, so my brother co-signed for me. Now I want to remove him from the loan. What do I do? A: That’s a great question. Many people face this dilemma. FHA will allow you to...
Create Cash Flow AND Send Your Kids to College? Here’s How
Who would’ve thought that sending your child off to college could be an opportunity for more cash flow-in instead of cash flow-out? A client of mine recently bought a 5 bedroom 3 story home built in the 1930’s for $350,000 in the college town where her daughter is...