How Refinancing My Home Helped Me to Become a Millionaire in Only 4 years
I was terrified, but my desire to be financially free over took my natural inclinations to avoid risk at all costs. My wife and I are both engineers. We have good paying jobs, and love what we do. We wanted our kids to go to a good school, and so bought a home in...
More Jobs, Jobs, Jobs!
Yes, it was JOBS JOBS JOBS eclipsing all other data. The October non-farm payrolls were up 271,000 putting the US unemployment rate at 5% down from 5.1%. The hourly earnings were up .4% and initial weekly jobs claims were up 16,000. Productivity in Q3 was up a...
Should You Count Income on a Rental Property?
Client who has a lot of property and a lot of depreciation gets turned down for a home equity line by Chase. They came to me as a referral from one of the financial planners that refers me their clients for refis. The financial planner asked if it was normal to not...
You Cannot Finance Land
You cannot finance land. FALSE! There are financing options for land, though they require more equity (or down payment). I had a client this week who has 20 acres of land with a house and utility buildings on it. This is typically not a Fannie Mae or Freddie Mac loan,...