Posted on
October 28/2020By
northwood
Buying a home is one of the biggest decisions anyone can make in their life. Becoming a homeowner can help or hurt you financially, depending on your situation. While there is no perfect age to buy a home, you’ll want to ensure that you have the right financial stability before doing so. Yet, when it comes to purchasing a home, anyone who dreams of having their own property can get into the market. Considerations for First-Time Homebuyers Before you decide to purchase your first home, it is important to understand what is involved in the process. You’ll also want to…
Posted on
October 21/2020By
northwood
In the world of investment properties, owning an apartment complex can be one of the best purchases you can make. It’s important to understand how it differs from other properties before deciding if an apartment is the right choice for your investment dollars. What is an apartment building? The first thing to understand is what type of rental property counts as an apartment building. A building with five or more units is considered a multifamily property or an apartment. This means that duplexes, fourplexes, and condominiums do not fall under the apartment category when it comes to investment properties. Financing…
Posted on
October 14/2020By
northwood
Owning a commercial space is a great investment opportunity. You can count it among your business assets and even rent some of the space to bring in some extra revenue. However, a commercial mortgage can be quite different from a residential mortgage. The process of applying and securing a commercial mortgage often includes assessing the investment, selecting a location and property, finding the right mortgage professionals to help with the purchase, and applying for the mortgage. There are also several options when seeking a commercial mortgage, including a real estate mortgage, working capital loan, or a line of credit, among…
Posted on
October 07/2020By
northwood
One of the concerns that new home buyers have is about how much they need for a down payment. The truth is that many people don’t have as much as they think to make their homeownership dreams come true. How much you need for a down payment depends on what you currently have saved and what you want to spend on a home. Most people believe that a down payment for a home should be 20 percent. This can leave some would-be homebuyers feeling discouraged, but the truth is that you don’t need a large down payment. While it’s in…
