For people considering buying a home for the first time, things can be a bit intimidating. You just have to keep in mind the benefits far outweigh the risks.
Benefits to Homeownership Outweigh Risks
There are many benefits to owning a home. Sure, there are the usual obstacles to get over. First, people don’t want to put that much money into it, they’d rather just rent.
Also, they don’t want to have to go through the lengthy process of buying the home and even searching for the right home in the first place. Then they don’t want to have to go through the mortgage process and go into debt to get the home. While these are definitely disadvantages, the simple fact is that there are so many major advantages to owning a home that going through these steps ends up being well worth it.
The most notable benefit to owning a home is equity. Equity is the value of the home. When mortgaging a home, your initial equity is the down payment you made on the home. As you make additional payments, your stake in the equity of the home rises (since the lender owns the rest of the equity). However, it is also important to note that equity also rises when the value of the home rises. This equity is solely yours, the equity of the lender does not increase. That is why many California homeowners are sitting on gold mines.
This equity can be used for valuable things such as home equity loans and home equity lines of credit. These are low interest loans with the home used as collateral. Equity opens up many valuable new doors and is just one reason why owning a home is one of the best things you can ever do.
Another advantage is the tax savings. Every dollar of interest paid in the mortgage payments can be used as a tax write-off. This can be a very considerable amount, especially early on in the loan when the interest is front-loaded, and it can save you a lot of money in taxes.
Of course, it really comes down to the simple fact that you own a home. That home is yours and that with that comes a certain pride. Owning a home is one of the most important things you will ever do. Don’t pass it up, don’t choose to rent if you don’t have to. There are just too many advantages of owning a home to pass up.
How To Manage Mortgage Risk Due to the CORONAVIRUS - What Options are Available to Me!
FOR OWNER OCCUPIERS & INVESTORS - What if I can't pay my mortgage if I or my tenants lose their jobs.
In this Face book Live video, I am going to explain not only what options may be available to you, but also what would be the cost, if you convert a loan to Interest only or defer payments for 6 months. Can I defer payments if I own property in a Trust, or as a company or in my SMSF?
Link to my Video The Adept Investor - Redraw Facility vs Offset Accounts What all property owners MUST know.
Vero Beach Real Estate Agent: Renting vs. Owning Your Own Home
We’ve got a very special guest joining us today. Eric Intihar from U.S. Mortgage of Florida is here to talk about the advantages of owning a home. The decision to switch from renter to homeowner can be a scary one, but the pros far outweigh the cons. For example, owning a home means building your own wealth instead of making your landlord richer. To see why now is the time to stop renting and buy your first home, watch this short video.
Looking to buy in Vero Beach? Get a full home search here:
Looking to sell in Vero Beach? Get a free Home Price Evaluation here:
With years of experience helping local buyers and sellers just like yourself, Kelly Fischer knows how to locate the finest properties and negotiate the best deal. She keeps up on all the latest market conditions, government regulations, and upcoming developments -- so you don't have to.
Kelly and her team specialize in professional marketing of real estate across the Treasure Coast of Florida, including Vero Beack, Sebastian, Fellsmere, and surrounding areas. Her team brings well over 25 years of experience to your transaction and their expertise virtually ensures you will have a successful and seamless transaction. With Kelly in your corner, your real estate transaction will be the beginning of a valued relationship for everyone involved.
Kelly Fischer Team
1401 Highway A1A, Suite 100
Vero Beach, FL 32963
Phone: (772) 236-7862
Fax: (772) 365-0175
Everything You Need to Know About the VA Interest Rate Reduction Refinance Loan
With interest rates at an all-time low, now might be the perfect time to use the Interest Rate Reduction Refinance Loan (IRRRL) to refinance your VA mortgage. Curious if this is the right option for you? Tune in to our upcoming complimentary webinar hosted by Kevin Iuppa, Military Mortgage Advisor at AAFMAA Mortgage Services LLC to learn about the benefits of the IRRRL.
Part 2: COVID-19 and the Risk to Black and Brown Communities | Afro-Vegan Society Speaker Series
Support Afro-Vegan Society's work to help dis-empowered communities take back control of their health and environments through vegan living by donating today!
Watch part two of the presentation here:
COVID-19: Mortgage Deferral Webinar
Join real estate broker Derrick Chan of Chan Real Estate Group and mortgage agent Andre Persaud of Safebridge Financial for this informative session regarding the mortgage deferral program in response to COVID-19.
Topics: 1. Explaining the mortgage deferral process
2. Review pros & cons of deferring your mortgage
3. Outline current market condition, mortgage rates & approval processes during COVID-19 4.
Q & A
Additional resources available at
If you have any questions, feel free to reach out to us at any time at email@example.com or by calling 905-271-5128.
Mortgage Update - Rates, Appraisals, & Changes to lending during Coronavirus.
Here are some of the changes you need to know about this week in mortgage industry and loan process. I discuss mortgage rates, appraisals, and some important changes to verification of employment. As an independent & local mortgage broker we bring more options, more flexibility & we do the shopping for you.
We look forward to helping you and your family with your home purchase or home refinance. Our goal is to provide a wonderful mortgage experience through education, communication, and our low rates and fees.
STEP 1 Application: Here is a link for our online application.
STEP 2 Documents: Click here to send me documents securely or Fax to 503.486.7827 -
• 2018 & 2019 Taxes and W2s
• Recent 1 Month Paystubs
• Recent 2 Month Bank Statements
- Copy of Recent Mortgage Statement
• Copy of ID’s
STEP 3 COMPLETE PRE-APPROVAL: Once we have your Application and Financial Documents we will be able to complete your Pre-Approval. We can email you the results and information or we can schedule a time to meet virtually to go over everything together.
We look forward to working with you and helping you with your home purchase or refinance goals.
Adrian Hinckley nmls# 264845
9295 SW Electric St. #B Tigard, OR 97223
Mortgage Cafe NW nmls #1482278
Reduce Buy To Let Property Tax - YouTube live – 7pm Monday 5th August 2019
Reduce Buy To Let Property Tax - YouTube live – 7pm Monday 5th August 2019
Make sure you book in for next Monday night property Q&A at 7pm using the link
Subscribe to our channel and press the notifications button to ensure you keep up to date with the very best tax reducing strategies
In this session Simon Misiewicz the co-owner of Optimise Accountants discussed
In the news
▶ Property Wire: ‘Removing stamp duty for these so-called last time buyers would help those who want to downsize to move into smaller, more manageable properties for retirement. It would also increase the availability of larger houses suitable for growing families and ease the movement in our housing market,’ said Kate Davies, IMLA executive director. Source:
▶ Property Investor Today: Yet with the growing UK population, supply for housing is no longer meeting demand. And market prices are only set to increase in the coming years. This presents a great opportunity for property investors, especially if they can adapt to the changing buy-to-let market. Source:
▶ The Express: Last week the new Prime Minister suggested drastically raising the threshold for paying stamp duty from its current level of £125,000 to £500,000. At the same time the top rate should be cut from 12 percent to seven percent. Now the Daily Express understands that Mr Javid has ordered officials to look into overhauling stamp duty following concerns the tax is having a negative impact on the housing market. Source:
▶ Estate Agent Today: he majority of housing talk since Boris Johnson’s appointment has centred on stamp duty and whether he will shake up the system to kickstart the property market. So far, most of the conversation has revolved around the owner-occupier market. However, the buy-to-let market could benefit from a tax cut and this is something the new ministers, alongside the Prime Minister, might want to consider. Source:
▶ Buy Association: Under the current rules, a landlord that has owned a property for 13 years and lived in it for six would only be taxed on five years and six months of gains; from April 2020 they will be liable for taxation on six years and three months. Gordon Andrews, tax and financial planning expert at Quilter, said: “The government expects to net an additional £470m over the next five years in additional tax revenues as a result of this change. It means that owning a second home becomes slightly less profitable for those that rent out a property they previously lived in.” Source:
▶ Mortgage Strategy: Johnson is also expected scrap stamp duty on homes up to £500,000 and cut the charge on properties over £1.5m from 12 per cent to 7 per cent. However, there has been no word on whether he would also abolish the 3 per cent stamp duty surcharge on homeowners buying additional properties. Source:
▶ Mansion Global: “The rental market is hitting a boiling point, as landlords continue to stray away from the buy-to-let market and the number of tenants registering to rent continues to rise,” Paul Smith, CEO of haart, said in the report. “We are now at risk of pricing young Londoners out of renting, as well as owning a home. I urge [Prime Minister Boris Johnson] to relax taxation against landlords to encourage investment in housing stock again.” Source:
Client Frequently asked questions
▶ 3% SDLT surcharge second homes
- 3% SDLT surcharge on any 2nd property in own name
- The surcharge will not apply if you buy a Buy To Let but have not other property in your own name
- 3% SDLT surcharge will apply if you do not sell your main home to buy another home (unless you already sold your home previously to 28th October 2018)
- 3% SDLT surcharge may be claimed back provided that you sell a property within 36 months of buying a new home
- SDLT may be reduced by chattels
- 3% SDLT surcharge applies to limited companies
Negative gearing changes could 'tip Australia into recession' (Part 3) | 7.30
The Labor party has promised to remove negative gearing tax breaks for new investors who want to buy existing properties. But with property prices already falling in Melbourne and Sydney, there is heated debate over what those changes might have on the property market.
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When to refinance a mortgage
Refinancing your mortgage takes a lot of consideration. Here are some basic tips to keep in mind for determining whether or not it's right for you.
#refinancing #mortgages #whentorefinance
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7/7/20: Title & Title Companies (Rudy Title)
In, Outs, and Whataburger’s of Title. Learn all the detailed services of a title company and how to best partner for success. Preparing for a great closing – What to arrange in advance. Best closing dates. When not to close. Delayed closings. Escrow agreements.
Peekskill NAACP- Home Owners Workskop
NAACP Economic Empowerment Committee welcomes Mia Shervington Real Estate Salesperson
Risk Management and Insurance Fundamentals, Part II
What do natural disasters, the sharing economy and an aging population have in common? These are all policy topics where a basic knowledge of risk management and insurance can help state leaders make better policy decisions. In collaboration with The Griffith Insurance Education Foundation, The Council of State Governments addresses these topics and more throughout a four-part webinar series designed to provide public policymakers with a greater understanding of risk management insurance through the lens of emerging issues.
Building Climate Resilience in the Real Estate Sector
Learn more at:
The Environmental and Energy Study Institute (EESI) and Citizens Climate Lobby (CCL) held a briefing to explore the climate risks facing the U.S. real estate sector, as well as policy solutions and innovations to help protect this crucial piece of the American economy.
Rep. Charlie Crist
U.S. Representative (D-FL 13th)
Rep. Lee Zeldin
U.S. Representative (R-NY 1st)
Realtor, Smith & Associates Real Estate; Council Member, City of St. Petersburg, FL
Vice President, National Institute of Building Sciences (NIBS)
Legislative Chair, New Jersey Association of Floodplain Management
The turbulent 2017 hurricane season has sparked a national dialogue on how future extreme weather events may impact the security of homes, businesses, and other built infrastructure. Given the economic activity and investment tied to the buildings sector, its long-term health will depend on the capacity of public officials, insurance agencies, and property managers to adapt to climate change risks.
The speakers discussed ways the public and private sectors can collaborate to develop the policy tools necessary to safeguard America's buildings and homes from future natural disasters.
While there is no one-size fits all solution to the threat posed by extreme weather and other climate-driven risks, communities can prepare by developing, adopting, and exchanging their own best practices for improved resilience. More than half of local governments in the United States are engaged in some form of adaptation planning. The steady integration of climate change factors into risk assessment models used by the insurance and re-insurance industries introduces a significant financial incentive for the real estate sector to build smarter in order to keep premiums down and avert costly damages.
Leverage Explained | The Property Podcast #18
The Property Podcast from Property Hub is the podcast for all property investors, new or experienced. Rob Bence and Rob Dix discuss a different property topic and property news item every week, passing on their knowledge and experience to the listeners. They both invest in UK property so they practice what they preach. No hard sell, no bull, just straight-talking property investment advice!
Be sure to visit propertyhub.net for additional property news, education and discussion.
And don't forget to follow us on social media for even more content!
162: Mastering Money, Build Wealth & Financial Crisis & Going Public, Inside The SEC Norm Champ
Jason Hartman talks with Norm Champ, a partner in the New York office of Kirkland & Ellis LLP about preventing the next crisis. Find out some helpful financial tips from the author of Mastering Money: How to Beat Debt, and Be Prepared for Any Financial Crisis. As the former director of the Division of Investment Management at the U.S. Securities and Exchange Commission (SEC), Norm’s experience and viewpoint has many valuable lessons.
[2:05] Where is the next financial crisis going to come from?
[5:00] The home in which you live, is not necessarily something that needs to be owned
[11:00] Renting vs owning, taking care of the property is one of the major benefits to seeing ownership
[15:00] Understanding affinity fraud
[20:00] What is the Volker Rule? Was it supposed to replace the Glass-Steagall Act?
[28:00] There are some benefits from circulation between the private side and the public side
Coastal Housing Partnership
Low Interest Rates Turn Savers into Spenders
MARKET REACTION: What do you think of the interest rate cut? We talk to savers and borrowers to ask whether they will be spending more now rates are even lower.
Please watch: Should You Be Worried About the Economy?
How the COVID-19 Crisis Creates an Environment for Fraudulent Insurance Claims
James Barbieri, president and CEO of Claims Advantage in Georgia discusses how COVID-19 influences fraudulent claims and what investigators and claims managers need to be concerned about.
Special thanks to our sponsor, AM Best Company, Best’s Insurance Professional Resources, including Qualified Member attorneys, adjusters and expert service providers.
R4! Resilient Residential, Retrofit and Reconstruction
This is a presentation given by Illya Azaroff from New York about his work with resilient housing and practice. Architects are being asked to understand where and how to build better in the face of mass migration, population growth, resource stress and associated risks posed by natural disasters and climate risk. The AIA and its members are at the forefront of addressing these issues highlighted by a commitment to the New Urban Agenda that aims to provide quality housing to people and communities around the world. Here in the US, we are coming to grips with the transformation of communities and the way we build to ensure a the health, safety and welfare of all.
Slides are available here -
The Power of Network Marketing
Thinking About Buying Your First Home?
Thinking About Buying Your First Home? Some things you should think about. Joan Wilson a Realtor t Prudential, 760-757-3468
Group Investing and Opportunity Zone Funds - Real Estate Investing
Set up an appointment with me if you want to explore group investing more or discuss other real estate investing strategies:
In this webinar we zone in on Real Estate Group Investing and Opportunity Zone Funds. Below are some of the topics we covered:
What is group investing?
Why invest in a group?
What are the pros and cons of group investing?
What is a syndication?
How do you raise money for group investing/syndication?
What are Qualified Opportunity Zones?
What are Opportunity Zone Funds?
What are the pros and cons of investing in Opportunity Zones?
What's an example of an Opportunity Zone?
What is the difference between a 1031 Exchange and investing in an Opportunity Zone Fund?
Please use the comments section below to let me know of your thoughts and/or questions -- we read every single comment and I try to respond as swiftly as I can. Thank you! - Steve
Reverse Mortgages: Interview with Josh and Marshall Lipson
Join Don Graves as he interviews Marshall Lipson , long time Managing Director (ret)for Professional Development for Society of Financial Services Faculty and his son Josh on how they first came to discover Reverse Mortgages and Why Marshall actually did one for himself
Money Talks 2: Investing Your Money During & Post COVID-19 Era
Virtually every part of our lives has been affected by the COVID-19 pandemic, including the economy. While we cannot control a market that is volatile, we can control our personal finances - adjusting spending or simply being more mindful during these precarious times.
While women need to stabilize ourselves and our financial situation at the moment, we must also focus on our future financial picture – post COVID-19. The U.S. economy has rebounded from many recessions and will certainly rebound from this one. Improving our financial intelligence, including investing wisely will be key in getting through our current crisis, and prepare us for any future economic downturn.
In our 2nd program of our Women & Money series, we had a follow up conversation with Allison Kvidstad, CFP® Financial Advisor at Ellevest who didi a deep dive into:
• What is the economic & market outlook?
• How do you get started in investing?
• What types of investing should you know about before you begin?
• Are coin offerings & cryptocurrency risky business?
• How much reserve cash should you have before considering investing?
• How do you pick an advisor that aligns with your goals? What about investing apps?
Allison provided our audience with tips, resources, and advice on investing your money during a time of crisis.
MEET OUR INTERVIEWER
• Debra Brackeen — Chief Strategy & Innovation Office, CSAA Insurance
MEET OUR SPEAKER
• Allison Kvikstad — Certified Financial Planner, Financial Advisor, Ellevest
A Closer Look at Discount Points
Did you know that you can lower your interest rate on your home purchase through purchasing “discount points” from your lender? It’s a common practice in the industry and we wanted to talk to you a little bit about the strategy behind it today. Although buying a lower interest rate at closing will require more cash at the time, it could turn into enormous savings down the line. To learn more about discount points and how they work, watch this short video.
To learn more click here:
Check out the next Agent Mastermind:
Success Mortgage Partners INC.
16903 Lakeside Dr. Unit #6
Montverde, FL 34756
The Vision Thing - How To Reconstruct Our Banking System and Make Australia Great Again.
Robbie Barwick from the CEC and I discuss a broad range of issues centered on fixing the banking system, and the Australian economy more broadly in the light of the Royal Commission interim report. You may not agree with Robbie's 5 point plan, but this is a thought provoking episode which will challenge a few assumptions along the way. As you know, DFA is about facilitating debate!
Five Experts discuss causes of 2008 crash
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In the Trenches: Fair Lending and UDAPP Risks to Watch For
Given the seismic change in the economy we are expecting to see a renewed regulatory focus on fair lending and unfair, deceptive, or abusive acts or practices (UDAAP) risks. Brad Rustin & Craig Nazzaro give a review of best ways to operate and a look at common pitfalls to avoid.
Is it Time to Refi Your Life Insurance?
Most homeowners don't hesitate to refinance their mortgages when interest rates go down, if the resulting savings outweigh the costs of refinancing.
However, many don't realize that a similar refi strategy can be applied to another commonly-owned asset: cash value life insurance.
In this month's on-demand webcast, OJM Group principal Jason O’Dell discusses seven reasons why owners of cash value life insurance may want to consider an exchange or refi of their existing policies.
Learn more by visiting ojmgroup.com or contacting us at 877.656.4362! Get a free copy of one of our books by visiting ojmbookstore.com and using promo code OJMWEB during checkout.
Wise Up Real Estate Brief! Buying a home is a cause for celebration!
There are benefits of Buying A Home! Do You Know Them? Tune As I Share 10!
For more information about purchasing a Home contact Kanoee@GolstonRealEstate
Order your perfect map to follow if you're ready to learn about the home buying process. 8 Steps To Homeownership Book at