Key Takeaways For homeowners over age 62, a reverse mortgage can provide tax-free income that allows you to continue living in your home, pay bills, supplement your income, and more. Reverse mortgages aren't free money: Borrowing costs can be high, and you'll also need to pay homeowner's insurance and property taxes. Reverse mortgages can complicate life for your heirs, especially if they don't want the home or if the home's value doesn't cover the debt. If you watch TV, you've probably seen Tom Selleck and Henry Winkler touting reverse mortgages as a valuable source of income for retirees and those…
Author: Private Lending Agent
Key takeaways To help get the best mortgage rate, you can work to boost your credit score, lower your debt and save up a sizable down payment. Getting the best mortgage rate can save you money on interest over the life of the loan. Shop around for the best mortgage rate with at least three lenders and compare quotes. Mortgage rates are much higher than homebuyers would like. Fortunately for borrowers, there are ways to set yourself up to get the best possible mortgage rate, even in this high-rate environment. Here’s how to shop for the best mortgage rate for…
Image courtesy of Getty Images, Illustration courtesy of Bankrate TD Bank offers two savings account options: One of the accounts can be linked to another eligible TD Bank account to earn the best interest rate offered, but the tiered standard rate is less impressive. TD Bank is known for offering quality customer service and robust digital banking tools, but if you're looking for the best savings rates, you'll need to look elsewhere. TD Bank received a 3.7 out of 5 rating on Bankrate's overall banking rating, with its most accessible savings account receiving a 2.9 out of 5 rating. TD…
Image courtesy of Getty Images, Illustration courtesy of Bankrate Wells Fargo offers two savings accounts to its customers, but for most savers, the difference is minimal. Like other big banks, both accounts offer small yields. With a balance of $100,000 or more in Wells Fargo's Platinum Savings Account, you'll earn a yield higher than the national average, making it more competitive than the typical brick-and-mortar big banks. But you'll find even higher yields at the top online banks. Wells Fargo, on the other hand, has a large branch network and offers top-notch tools for virtually accessing savings accounts. With over…
In today's world, inflation and the rising cost of living have made it difficult for the middle and lower-middle class to survive. Still, projects like Lahore Smart City are a ray of hope for those looking for budget housing. Yes, with these budget homes for sale in Lahore Smart City, living an affordable life is still not impossible. Amidst the hustle and bustle, LSC's flexible payment plans come as a great relief to investors with a low budget. With all the modern amenities and beautiful infrastructure, LSC fits perfectly into the dream world of modern living. Vision of Lahore Smart…
Bury-based eyewear company, Specskart, has been named in the prestigious Sunday Times 'People to Watch' list. The long-running annual list identifies UK companies that are thriving and have great growth potential, and Specscart was one of just seven carefully selected companies to make the 2024 rankings, which were published at the weekend. Specscart combines a high street retail service from three brick-and-mortar stores across Greater Manchester with innovative e-commerce, offering affordable eyeglasses manufactured in-house at its Bury headquarters and delivered within 24 hours. Specskart founder Sid Sethi launched his eyewear company in 2018. Since then it has grown into a…
executive summaryIn recent years, headlines such as “The office is dead” (Computerworld, January 10, 2023), “Why the traditional office is dead” (Forbes, July 20, 2023) and “The return to the office is dead” (Stanford economist for CNBC, November 20, 2023) have painted a bleak picture for the office sector.Since the pandemic hit 2020, media pundits have been quick to proclaim the death knell of traditional office space, often with sensationalist enthusiasm. Combined with rising interest rates and refinancing challenges facing older office buildings, even local conversations have echoed sentiments like “commercial real estate is going to crash.”But the reality is…
Can I reinvest capital gains from the sale of land to buy tax-exempt land or commercial property? Exemption from capital gains on sale of an asset can be claimed only if the asset sold is a long-term capital asset. The period prescribed for this purpose varies from asset to asset. Land and buildings become long-term assets if held for more than 24 months. Long term capital gains arising on sale of land can be saved by an individual or a HUF under section 54F by investing the net sale proceeds in purchase of a house within the prescribed time limit,…
Do you have the same insurance policy for all your real estate investment properties? Every property is different, so your policy should be customizable to fully cover and protect each property in your portfolio. Why is landlord insurance for rental properties not a one-size-fits-all solution? In this webinar, we explore this topic in depth with Judson Taylor of Obie Insurance. He will discuss the practical steps real estate investors can take to properly cover their investment properties and how Obie Insurance is revolutionizing the insurance process for landlords and rental property investors. Watch the video to learn more about:Types of…
Months after major debt brokerage Meridian Capital Group was effectively blacklisted by Fannie Mae and Freddie Mac, the company is making changes to move the company forward. Chief among the changes is replacing key leadership positions at the company and adding stronger protocols and controls to ensure the accuracy of clients' financials. It is unclear how long the investigation into Meridian will last, but the strategy going forward is clearly focused on avoiding future investigations.Meridian's troubles began last fall when news broke that Freddie Mac, a large multifamily lender, was investigating Meridian Capital Group over one of the transactions it…