Mighty Mortgages

If you own a rental property for 10 years and charge $750 per month in rent, that is $9,000 a year or $90,000 in total income. Now what if you have two? The income to be earned from owning revenue properties is significant and needs to be managed diligently. If you lack the time and resources to do this yourself, professional property management can step in and do it for you. Here are seven ways hiring a rental property manager can help you make money, save money and save time. (more…)

You are tired of living paycheck to paycheck and struggling to make ends meet. You have read my previous article and acknowledge a mortgage refinance will solve these problems. But what is the first step? What does this process entail and what should you be aware of?

A mortgage refinance is the simple process of rewriting your existing mortgage with additional funds. You can borrow up to 100% of your home’s current market value. These additional funds can then be used to consolidate debt, or any other purpose you deem appropriate, like renovations for example. The new mortgage loan can be repaid over as long as 40 years. This means that your new payments will be manageable. In fact even with the additional money borrowed, your mortgage payments may even end up being lower than they were before. (more…)