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HUD's Proposals For Reform
October 19, 2002 On July 29, 2002, HUD released a set of proposals to substantially change the ways in which home loans are originated in the US.  As usual, the proposals were open for comment, and many thousands of them were received.  Mine was among them, and is shown ... more...

Pros and Cons: Mortgage Insurance Versus Higher Rate
December 6, 1999 "We have a 5 percent down payment and our lender has offered us a Tax Advantage Mortgage Insurance plan instead of conventional private mortgage insurance (PMI). Instead of paying a mortgage insurance ... more...

rental property home value american mortgage balance real estate related definitions

Real Estate Investment Trust
Real Estate Investment Trust (REIT) A trust that uses investors money to purchase and manage real estate. A Real Estate Investment Trust (REIT) is a company that invests its assets in real estate holdings. REIT investments may be excellent inflation hedge. REIT's ... more...

Mortgage Note
Mortgage Note A written negotiable promise (agreement) to pay a sum of money plus interest at a set interest rate. The note is secured by a mortgage. In turn, mortgage is secured by property. Mortgage note states the amount of debt and the rate of interest, and makes the ... more...

More about rental property home value american mortgage balance real estate

Appraisal vs. Market Value: How to Avoid Pitfalls in the Sale of Your Home
When you sell your home, appraisers use comps (comparable market sales) of local properties sold within the last six months to value your home. With todays rapidly rising sellers market, six-month-old information is ancient history. Appraised value does not always equal the true market value, or ... more...

Four Pillars of Creating Wealth
Some people in this world are thinking that their poor financial condition today is their destiny. They keep telling themselves that theyll never get rich in this lifetime. Are you one of those people? If you are, its a good thing that you find this article, because I want to personally give you ... more...

New Credit Advice: Don't Pay off Those Credit Cards!
Credit needed for real estate mortgage financing differs from credit needed for consumer loans. If you need help getting a home mortgage, these credit tips will help you.Contrary to what many credit advisors say, paying off credit cards each month is not always the best action to take. When making ... more...

How to Build a Real Estate Investing Power Team
As you continue to read about real estate investing, you will no doubt come across the term 'power team'. What is this 'power team'? A power team is a group of people without whom successful real estate investing becomes very difficult, if not impossible. Included in a power team are at least one ... more...

Secrets of Making Money from Real Estate - Part 4
Analyzing and finding the right property deals:Firstly read my other article on how to Buy the property at a discount, this will cover the basics on how to buy property at a lower than market value price. This is very important because It can completely change the aspects and financing the deal. It ... more...

Zero Down Real Estate Investing
Zero down? Why would a seller want to walk away from closing with nothing? Well, they wouldn't, and that brings up the most important point about real estate investing with no downpayment: The seller almost always needs cash at closing, but it doesn't have to be YOUR cash.A Zero Down ExampleI'm ... more...

High Profit Real Estate Investing--Make a Good Deal Every Time!
Knowing what a Good Deal is Is the Key to Success in Real Estate.Dear Investor,Take this little survey: The most important key to Real Estate Success is:1. Finding Motivated Sellers2. Funding Your Deals3. Negotiating4. Knowing a Good Deal when you see one.Yes all of them are important. And if you ... more...

To Buy or Not to Buy
Purchasing a home is a major emotional and financial decision. Often times, people want to buy a home; however, emotionally cannot afford to commit to the home-buying process. They are, in fact, afraid. My payment will be too high or What if I lose my job, are some of the excuses which I often ... more...

Rental Properties In Chicago Illinois
Renting a property is usually quite a straightforward affair. However, renting a property and finding rental properties that are of good value for money are two completely different things. If you are searching for a house to rent, you would be wise to research the current rates, and look around ... more...

Rent Control Rehab for the Well-Heeled
For those who don't need it, rent control can become an addiction, resulting from too many years of a sweet deal. It can leave the real estate muscles paralyzed and the investment portfolio sick. "Penny wise" might have a "pound foolish" problem.Don't get me wrong. I'm not talking about those who ... more...

What is a Credit Report
This article is a concise, informative tell-all explaining what exactly a credit report is, and what that means to you. It will NOT inform you where to get a cheap, or free, credit report. Rather, this article will explain what types of credit reports are available, and why they are used.A credit ... more...

Be Patient Screening Tenants
Rental real estate is a solid way to make money. I'm particularly fond of residential properties, because people have to live somewhere. But it's not for the faint of heart.I've seen it more than once: the first mortgage payment is due and the contractor isn't done with the renovations yet, or ... more...


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