It’s a question that is frequently asked by homeowners and real estate investors around the nation: Should I go with a 30-year mortgage and have a lower monthly payment, or should I go with a 15-year mortgage and pay off the loan much faster? However, if we rephrase the question, expressing a goal, we can certainly come... Continue Reading →
Forget Everything You Know: 15-Year Mortgages Are Best for New & Intermediate Investors
First and foremost, most investors should make an effort to build relationships with smaller, local banks. These banks generally only loan 15 or 20-year money and offer: Quicker turnaround Flexibility on credit score based on personal relationships Knowledge of local markets Networks of local attorneys, real estate agents, contractors, insurance agents, and other professionals The... Continue Reading →