Your spouse has a lien or bank levy against them for an unpaid debt and creditors are insisting that you are also responsible for their debt. Are they right? When determining if you are responsible for the debt of your spouse, ask yourself these questions: [Read more…]
Earning money through investments can be tricky. You have some money you can invest, but don’t want to directly invest in the stock market. Investing in a certificate of deposit (CD) is a safe option that you can earn money from when done correctly. [Read more…]
Saving up your money in order to buy a home shouldn’t be complicated. But if you’re looking for a low-risk investment, a high-yield online savings account may be for you. These types of savings accounts are offered solely online and have higher interest rates than traditional savings accounts. [Read more…]
When you are a loan officer, you may have clients with money market accounts. It’s important to understand what a money market account is and how it works. That way, you can educate clients about the best investing options for them.
What is a Money Market?
A money market is a type of savings account offered by banks and credit unions. They are similar to a traditional to savings accounts in that they earn interest, but at a slightly higher rate. The bank will take the money clients invest to create other loans or investments. [Read more…]
Do you need to save up money to buy a new home and be able to afford your Kansas City mortgage rates? Consider getting a certificate of deposit (CD). A CD is a common savings certificate that offers a low risk investment with a good return on investment (ROI) depending on how long you plan to invest the money. [Read more…]
Despite their home being their largest asset, many homeowners never calculate their true return on investment if they want to sell their home. When they do sell, they will receive what is known as return of capital. Viewing your residence as an investment rather than a sunken cost can make all the difference when trying to figure out what return of capital is. [Read more…]
You are moving from your current home and want to gift it to a loved one like an adult child. It can’t be that hard, right? Gifting your home to a loved one can be trickier than you may think, but they are doable when researched thoroughly.
Tax Consequences of Gifting a Home
Where a school district is located has a significant effect on the property values of nearby homes. School districts with a good reputation attract families with school-aged children, creating a demand for nearby real estate. This demand can drive up property values.
The Wealth of Homeowners
In and of itself, a good school district is not responsible for rising property values. For the most part, good schools tend to be located in neighborhoods that are more affluent and have a higher standard of living. [Read more…]
Is your mortgage company veteran friendly? Veterans have unique needs and requirements than civilians, so your mortgage company needs to be able accommodate them respectfully and efficiently. Here’s why you company should be veteran friendly:
Veterans Have Different Needs
Unlike civilian home buyers, veterans tend to have different and more unique needs. For example, the VA has minimum property requirements (MPR’s) that veterans must meet when looking for a home in order to be eligible for a VA loan. [Read more…]
If you’re in the market for a new home, there’s a lot to consider like price, square footage, number of bedrooms or bathrooms, the layout design and more. But one of the most important factors is the quality of nearby school districts. Even if you don’t have children or don’t plan to have any, school districts should be on every buyer’s radar. [Read more…]