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vacation property

Thinking Of Buying A Vacation Property?

Tempted by the thought of spending your free weekends at a beachfront condo, tranquil lakefront home, or perhaps a getaway in the mountains? Americans across the country have been snapping up second homes. Some are planning for their own retirement, while others are seeking investment properties they can rent out, or places to escape with […]

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Despite Interest Hikes, Mortgage Rates Stay Super Attractive

The Federal Reserve raised short-term interest rates last week, but mortgage rates remained virtually unchanged, making it an ideal time to refinance or lock in a mortgage on a new home. Many people think Fed rate hikes should lead to higher mortgage costs, but that’s not always so. That’s because the Fed controls short-term interest […]

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Aye Matey! Too Much Real Estate Sinks Pirate Johnny Depp’s Ship

The new “Pirates of the Caribbean” movie installment just opened in the theaters, and let’s hope it generates a treasure chest of gold for star Johnny Depp. He needs it, or else he may be forced to walk the plank by lenders and tax collectors at the IRS. How on earth did Depp get himself into […]

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The 20% Down Myth, And How You Can Now Buy A Home With Much Less

One of the biggest misconceptions about buying a house today is that you need to make a 20% down payment. And let’s face it. That’s holding back a lot of potential homeowners, especially first-time buyers, who just don’t have that much cash in the bank. But the facts are that while a 20% down payment is […]

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Saving On Your Mortgage: When A Good Idea Goes Wrong

Have you ever noticed that trying to save money can end up costing you more? Over the weekend, a friend was telling me how her twenty-something sister bought a new home and took out a 15-year fixed term mortgage. Looking at the numbers, a 15-year mortgage can be a smart move. Not only does a […]

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Fort Lauderdale Real Estate Is Hot, Hot, Hot!

Fort Lauderdale, once known as the nation’s spring-break capital, is now attracting business moguls seeking waterfront footage, tax breaks, beautiful weather, and a quieter scene than Miami’s South Beach. Business writer Robyn Friedman showcased Fort Lauderdale’s new look, and its multi-million dollar real estate properties, in last week’s The Wall Street Journal. Prices continue to rise in […]

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Tempted To Own Actual Real Estate Properties In Your IRA? Think Twice

Some investors like real estate so much they want to own actual rental homes and apartments in their retirement accounts. While it may be tempting to do so, there are many tax hurdles and potential pitfalls that can make such a move perilous. If real estate is on your mind, check out “Investing in Real Estate With […]

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Never Underestimate The Power Of A Good Referral

Here’s an amazing example that shows the power of a good referral. It happened just before Christmas in our office. We have a client we’ll call David (not his real name). He needs a new roof on his home and wanted to pay for it by refinancing his mortgage. (By the way, if you live out of […]

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Quote Of The Week: Young People, Minorities Left Behind In Housing Rebound

“As prices rise, homes are slipping further out of reach for younger and minority buyers.” Laura Kusisto, The Wall Street Journal, December 15, 2016, “U.S. Home Prices Soar, But Minorities and Young People Miss Out” The Takeaway: Home prices are up, and that’s good news for most people. But younger people and minorities are increasingly […]

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Weston, Florida Named South Florida “Ultimate Hometown”

Looking for one of South Florida’s “best places to live?” You may want to take a look at Weston, Florida, selected as one of America’s ultimate hometowns by Money magazine. Weston has a lot of strong points in its favor. There are plenty of employment opportunities, first-class medical services (including Cleveland Clinic Florida’s medical center) and a manageable commute […]

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