The big question we all have at the moment: Are we going to see a continued boom, a bust or something in the middle?
It’s no secret that real estate is one of the most successful ways toward wealth creation, as a firm foundation in real estate can insure a successful financial future. However, knowing where to start can be daunting. Here are a few practical tips:
Property taxes are often forgotten when planning a budget for a home. It is important to understand how your property tax bill works as your monthly payment goes beyond just your mortgage. As a home buyer, you have several tax breaks available to you, and you have the ability to challenge your property tax if it seems too high. Here are a few things you need to know about property taxes:
Mortgage rates are rising in western real estate markets, in response to a very bullish market in the last few years. The good news is that they’re rising from record lows. Refinancing your mortgage now may help you lower your payments, especially if you’ve owned your home for some time and want to see if a better rate can make those monthly payments easier. It’s not right for every situation, but depending upon your circumstances, it could help you out a great deal.