Category Self Development

The Secret Behind Points And Closing Costs Part 5

The Secret Behind Points And Closing Costs

The Secret Behind Points And Closing Costs: Welcome To Part 5

Welcome back to the series. In the previous edition we have covered different secrets behind points and closing costs. Some of things you may have known, some you may not have known, and then some you have heard but did not understand.

If you have not read part 4, I recommend clicking here, The Secret Behind Points And Closing Costs, because the secrets will build upon each other.

With that out of the way,  let us continue with the series and uncover more secrets.

The Secret Behind Points And Closing CostsThe Secret Behind Points And Closing Costs: Escrow And Title

The fourth category includes your escrow and title charges. Escrow fees will range from $250 and $900, depending on the size of the transaction.

Expect between $100 and $160 for recording and $35 to $100 ...

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The Secret Behind Points And Closing Costs Part 4

The Secret Behind Points And Closing Costs

The Secret Behind Points And Closing Costs: Welcome To Part 4

Welcome back to the series. In the previous edition we have covered different secrets behind points and closing costs. Some of things you may have known, some you may not have known, and then some you have heard but did not understand.

If you have not read part 3, I recommend clicking here, The Secret Behind Points And Closing Costs, because the secrets will build upon each other.

With that out of the way,  let us continue with the series and uncover more secrets.

The Secret Behind Points And Closing CostsThe Secret Behind Points And Closing Costs: Calculate It Yourself

For origination and points, you can calculate it yourself. The origination will be 1% of the loan balance. If you have a first and second mortgage, it will be 1% of the combined mortgages.

If you’ve...

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The Secret Behind Points And Closing Costs Part 3

The Secret Behind Points And Closing Costs

The Secret Behind Points And Closing Costs: Welcome To Part 3

Welcome back to the series. In the previous edition we have covered different secrets behind points and closing costs. Some of things you may have known, some you may not have known, and then some you have heard but did not understand.

If you have not read part 2, I recommend clicking here, The Secret Behind Points And Closing Costs, because the secrets will build upon each other.

With that out of the way,  let us continue with the series and uncover more secrets.

The Secret Behind Points And Closing CostsThe Secret Behind Points And Closing Costs: What They Are Not Saying To You

The industry has gone beyond avoiding ‘points’. They’re actually avoiding the origination as well...

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The Secret Behind Points And Closing Costs Part 2

The Secret Behind Points And Closing Costs

The Secret Behind Points And Closing Costs: Welcome To Part 2

Welcome back to the series. In the previous edition we have covered different secrets behind points and closing costs. Some of things you may have known, some you may not have known, and then some you have heard but did not understand.

If you have not read part 1, I recommend clicking here, The Secret Behind Points And Closing Costs, because the secrets will build upon each other.

With that out of the way,  let us continue with the series and uncover more secrets.

The Secret Behind Points And Closing Costs

The Secret Behind Points And Closing Costs: Know What Is The Break-even Amount

What’s the break-even for buying the interest rate down? Well, for a 30-year fixed mortgage, the break-even is usually between 3 and 4 years...

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The Secret Behind Points And Closing Costs Part 1

The Secret Behind Points And Closing Costs

The Secret Behind Points And Closing Costs: What You Should Know

Should you pay points?

What are points?

Is that money going directly into the Loan Officer’s pocket?

Well, that depends. This article will look at these questions as well as a few others to see which strategy makes the most sense in the long run. We’ll also look at the math to calculate when points make sense and when they don’t.

The Secret Behind Points And Closing Costs

The Secret Behind Points And Closing Costs: What Are They Exactly

Let’s start with the definition. A point is 1% of the loan balance. So if you’re getting a $500K loan, one point is $5000. The ‘standard closing cost structure’ will include one point. In fact, the first point is referred to as ‘origination’.

The Secret Behind Points And Closing Costs: Origination Fee

The originatio...

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Are FSBOs Really Worth The Time & Effort?

How To Profit From Buying Unfinished Homes

Are FSBOs Really Worth The Time & Effort?: The FSBO Industry

Many people have asked whether or not FSBO’s are really worth the time and effort involved in the sale. The simple answer is, It Depends.

It stands to reason that the FSBO industry is based on some amount of success or else it would never have grown to the size it currently is. And the industry is growing in size every year.

Part of the reason for this phenomena is the fact that home sellers are becoming more and more educated on the involved process and as such are demanding a level of service that many real estate agents are not willing to provide, or able to provide due to a high number of clients.

Likewise people have seen huge losses by what they did not know and would have been better off with the agent.

Are FSBOs Really Worth The Time & Effort?

Are FSBOs Really...

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How Do You Know If You Need A Property Manager

How Do You Know If You Need A Property Manager

How Do You Know If You Need A Property Manager: A Decision To Make Nevertheless

There are many decisions that you will need to make when investing in real estate. One of those decisions, for those handling rental properties is whether or not you need a property manager.

Property managers have many uses and are a great idea for those who have many properties to handle and wish to have a life away from their real estate investing businesses.

A property manager is your buffer between your tenants and your family.

How Do You Know If You Need A Property Manager

How Do You Know If You Need A Property Manager: The Benefits

The benefits of a good property management service are quite numerous. To begin with you will find that they eliminate the need for tenants to have your phone number.

If you’ve dealt with rental properties before without t...

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How To Sell Real Estate In A Sluggish Market

The Secret Behind Points And Closing Costs

How To Sell Real Estate In A Sluggish Market: Need An Investment Strategy

Real estate is one commodity that many depend upon to get them through the rough times in their investment strategies.

The problem is that unlike stocks and bonds, real estate is not the most liquid of assets to turn into cash when the going gets rough and money is needed immediately.

This may be the one large drawback when it comes to real estate.

You cannot rely solely upon real estate to get you through the financial rough patches, as real estate is a very fickle market.

How To Sell Real Estate In A Sluggish Market

 How To Sell Real Estate In A Sluggish Market: This True In All Types Of Sales

There is only one way in which real estate can truly be sold in a sluggish market such as the one that is rocking the real estate world at the moment and that is not ...

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How To Set Goals to Achieve Success

How To Profit From Buying Unfinished Homes

Investing and other areas require the use of setting the rights goals to help you reach your destination. This post will explore those things to help you in your journey to achieve success. Lets start with the process.

How To Set Goals to Achieve Success: Process Of Setting Goals

Setting goals and objectives is a process which has very wide application in business, and it was certainly a part of my own business training which I had to put into practice regularly in the years that followed.

Some of the better businesses and organizations will also incorporate personal goal setting into staff development, as part of the personnel (human) resources routine. But what about you as an individual? Can you use goal setting as a tool to help you achieve success?

Goal setting can, indeed, be a very ...

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