real estate investing

Vendors and Alphabet Soup!

This week I am going to share some my personal experiences and learnings I had when selecting vendors that TruVest was going to work with.  Yes, I am doing this somewhat...
Note Investing

I Have to Review What? Damn!

Last week I shared with you my struggles with communicating with Asset Managers. That struggle was the hardest thing to overcome through my journey of note investing.  I struggled for weeks...
real estate investments

1,764 Hours Watching the Market! Why?

This week I wanted to give an update on the homeowner in Connecticut, bids on assets, and a diversification conversation. During the week, I spoke to the daughter and grandson of the...
Note Investing

How Does Critical Thinking Play In Your Life?

I found this quote and thought that I would share it with you. Famed American entrepreneur and financial investor Malcolm S. Forbes said, “Education’s purpose is to replace an empty mind...
Note Investing

TRU Trends-July 2017

I hope everyone had a great weekend!  I apologize in advance for missing a week of our newsletter.  I was off the grid for a week and just needed some down...
Note Investing

What the Heck is Passive “Note” Investing?-On the Hunt

I last left off with you on the quest to find how I could buy directly from lenders. This was by far one of the most difficult things I have done...

What the Heck is Mortgage “Note” Investing? The Start of a Journey

Have you ever heard of people talking about note investing? Probably not! It is not a topic that you are discussing over coffee or at a social event.  Would you be...

TRENDING

Mortgage Problems: What If Mom & Dad Can’t Make Their Payment?

Mortgage Problems: What If Mom & Dad Can’t Make Their Payment?. Mortgage Problems And Reverse Mortgages Available to those aged 62 and above, a reverse mortgage is a way to refinance a home and lower monthly cash costs. They also pay $200 a month toward property taxes and homeowners insurance. If the Starks refinance with a reverse mortgage, they can pay off their existing loan completely. The reason they save $500 a month is that with a reverse mortgage, there’s no required monthly mortgage payment. Starting balance: $300,000 Original rate: 4.5% Original payment: $1,526 After ten years: Remaining balance: $229,830 New rate: 4.0% New payment: $1,097 Refinancing frees up over $400 a month. Increasing Equity Can Help The National Association of Realtors (NAR) reported that existing home prices in June were up for “the 64rd straight month of year-over-year gains.” Because property values have increased substantially in most areas, owners may have enough equity to refinance. Streamline Refinances Allow Declining Credit If there’s the problem of little or no equity then parental borrowers might want to consider several options. Those with FHA-backed loans can look into “streamline” refinances, arrangements where they can get a lower rate but avoid such application hassles as credit checks, asset and employment verifications, and home appraisals. Family Help Rather than new financing or boarders, a better option may be family help, just giving Mom and Dad what they need each month.