Author: Lee Riley

Real Cost of Housing

Better Homeowners Real Cost of Housing  A variety of factors have led to a shortage of rental units, especially single family homes, and as a result, rents have been steadily increasing nationwide. In most markets, it is considerably less to own than to rent. In some cases, the total house payment is less than the […]

6 Reasons for Rentals

Better Homeowners 6 Reasons for Rentals  Rental homes have several distinct advantages compared to alternative investments. These advantages coupled with the opportunity for a higher yield make it a clear choice for some investors. Most investments must be paid for in cash. Stocks can be purchased with 50% cash but if the value goes down, […]

Your Best Investment

Better Homeowners Your Best Investment  According to a Federal Reserve report on Consumer Finances, homeowners’ net worth is 36 times greater than that of renters. Building on that study, the National Association of REALTORS® believes that by the end of 2015, the factor will grow to 41 times greater. There can be several factors that […]

The Cost of Co-Signing

Better Homeowners The Cost of Co-Signing  It seems fairly innocuous; a friend or family member wants you to co-sign on a loan because they don’t qualify. They assure that they’ll make the payments; they’re quite convincing and very appreciative. You don’t want to disappoint them and after all, it’s not like it’s going to cost […]

Finding the Best Mortgage

Better Homeowners Finding the Best Mortgage  As rates are inching up but still very affordable, buyers should remember that there is an alternative to a fixed rate mortgage that can provide the lowest cost of housing for the homeowners who understand the parameters. A $300,000 fixed-rate mortgage at 4% has a principal and interest payment […]

Cut Mortgage Insurance

Better Homeowners Cut Mortgage Insurance  Making additional payments toward the principal of your mortgage will do three things for the homeowner: save interest, build equity and shorten the term on fixed rate mortgages. These things should be beneficial enough to justify the extra payments but another huge advantage is available to those who have private […]

Lower the Rate & Deduct the Interest

Better Homeowners Lower the Rate & Deduct the Interest  A home can easily be a person’s largest personal asset and it can be a powerful tool to increase financial stability also. Since most mortgages are amortizing, the loan becomes a forced savings account that reduces the unpaid balance with each payment. The equity could be […]

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