Top 5 mistakes when getting home equity
Rates have historically never been better, so nowadays the temptation to borrow against your home equity is very strong. However, many homeowners unknowingly make costly mistakes. Here are the top 5 mistakes people make when applying for a home equity loan. Mistake #1 – Not Knowing The Difference between a Home Equity Loan and a Home Equity Line of Credit A home equity loan is a one-time transaction that allows you to draw out all the funds available. A home equity line of credit (HELOC) is open; you can choose a small initial advance against the full amount of the line; then reuse the line of credit as often as you want during the period that the line is open. Your monthly payment is based on the outstanding balance. A general rule of thumb is: use a home...
Read More5 Top Home Improvements That Add Value To Your Home
Carrying out some home improvements to your home not only increase the functionality and usability of your home, if the right improvements are carried out then you can also add value to your home. For this reason it is important that you are aware of which improvements add the most value to make sure you are getting the biggest bang for your buck. I have listed the 5 top value adding improvements below which should make it easier for you to decide how best to spend your money, and get the best return for it. Build an extension to your home: This obviously has to add the most value to your property as you are increasing its size and adding to its functionality. Whether you are adding extra bed rooms or increasing the size of your kitchen, it does not really...
Read MoreTop Secrets About Real Estate Investing
Most people new to real estate investing find that it is actually harder than it looks. Investing in property is the same as setting up any new business, there are hidden problems that only the most experienced people actually know about. Here are some tips to make the process a little bit easier. To learn and understand what the first things you need to know about investing you can do two things, watch others and learn from their mistakes or take the plunge and learn the hard way, by your own mistakes. If you watch what other investors do and listen to their experiences, be them good or bad, you can then use their knowledge and mistakes to your advantage and therefore avoiding that the same things happen to you. Remember to be consistent with your offers when...
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Bev Schow
DRE #01867018
As a highly energetic and creative broker/agent and stock broker, Bev Schow has sold over 80 million dollars of real estate, is a member of the President’s Circle (the top 3% of all sales associates in the country), and holds both CRB and GRI designations. Read More.
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