Foundation Home Finance

02/26/2024

Ok, today we are going to talk about how to start investing… Obviously, there are several things to take care of before you can start investing. You need to cover rent or mortgage payments, monthly bills, groceries, etc., and you also need some money set aside for emergencies. But once you’ve accomplished that, it’s time to start investing for the future. Here are 5 steps to help you start investing…

⁣Ok, today we are going to talk about how to start investing… Obviously, there are several things to take care of before you can start investing. You need to cover rent or mortgage payments, monthly bills, groceries,

02/19/2024

Ok, today we are going to talk about what a stratified market is and what it means to you… If you’re planning to buy or sell a house, you’re probably already familiar with the terms “buyer’s market” and “seller’s market.” In a buyer’s market, there are more homes than buyers, so prices drop and buyers get better deals. In a seller’s market there are more buyers than homes, so prices rise and sellers make more money. But there’s a third type of market, and it’s called a stratified market. Here’s what you need to know…

⁣Ok, today we are going to talk about what a stratified market is and what it means to you… If you’re planning to buy or sell a house, you’re probably already familiar with the terms “buyer’s market” and “seller’s marke

02/12/2024

Ok, today we are going to review everything you need to know about second mortgages… What is a second mortgage? A second mortgage is an additional loan taken out on a property that’s already mortgaged. Second mortgages are riskier for lenders than first mortgages because they’re in second position on your property's title. As a result, the interest rate on second mortgages is higher. Here’s what you need to know about second mortgages…

⁣Ok, today we are going to review everything you need to know about second mortgages… What is a second mortgage? A second mortgage is an additional loan taken out on a property that’s already mortgaged. Second mortga

02/05/2024

Ok, today we are going to talk about how to convert a construction loan into a traditional mortgage… If you’re planning to build a house or do a major renovation, you usually can’t qualify for a traditional mortgage because there’s no existing home to use as collateral. What you need is a construction loan, which is based on the projected future value of the completed property. Generally, construction loans are interest-only while the house is being built. Then when construction is complete, you refinance into a regular mortgage. Here’s how the process works…

⁣Ok, today we are going to talk about how to convert a construction loan into a traditional mortgage… If you’re planning to build a house or do a major renovation, you usually can’t qualify for a traditional mortgage be

01/29/2024

Ok, today we are going to talk about how much home renovations can cost… Renovations can help make your home more comfortable and easier to sell. But depending on what you’re planning, they can also be expensive. To help you budget for your next project, the HomeAdvisor website has published a list of typical costs for renovation projects. Here’s a list of the most common renos and how much they cost… https://1l.ink/NTX3FH7

01/22/2024

Ok, today we are going to talk about 10 factors that determine your home’s value… Coming up with the right price for your home is a science. It’s not based on how much you love your home or how much money you need to get out of it. It’s based on what a potential buyer is willing to pay for a home like yours in the current market. Here are 10 factors that determine your home’s worth… https://1l.ink/F55HKFD

01/15/2024

Ok, today we are going to talk about 6 things to do before you list your house… If you’re thinking of selling soon, you’ve probably already started working on enhancements like painting, replacing appliances, installing new flooring or re-grouting bathrooms. But there are lots of little maintenance items you need to take care of too. Here are 6 things to do before you list your house… https://1l.ink/GP68VBP

01/08/2024

Ok, today we are going to talk about how to maximize the sale price of your home… Selling your home isn’t as simple as putting up a For Sale sign. There are many things to do in advance to prepare yourself financially and make sure your home sells for top dollar. Here are 5 ways to maximize the sale price of your home… https://1l.ink/TQ4PLCS

01/01/2024

Ok, today we are going to talk about how to build your savings up FAST! Have an unexpected financial need? Rather than borrowing or putting it on your credit card—which just makes your financial situation worse—consider accelerated saving. Here are 7 ways to accelerate your savings… https://1l.ink/CJ7V8ZX

12/25/2023

Ok, today we are going to talk about 4 risks of home equity loans…
A home equity loan lets you borrow some of the equity you’ve built up in your home. For most people home equity loans are a convenient, affordable way to access extra cash. But they’re not without risk. Here are 4 things to consider before applying for a home equity loan… https://1l.ink/5TJJPNH

12/18/2023

Ok, today we are going to talk about 5 things you need to know about foreclosures… Heaven forbid, you get several months late on mortgage payments, your lender’s last resort is to initiate foreclosure. This is a lengthy and expensive process for your lender, but its impact on you can be even more negative. Here’s 5 facts you need to know about the foreclosure process… https://1l.ink/GRGJTVS