DEBBIE BURNESS REAL ESTATE GROUP
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Leverage your home’s equity into rental property
There can be many reasons homeowners aspire to have their home paid for. They can include no mortgage payments, financial security, debt reduction, lower expenses, retirement planning, financial freedom, legacy planning, no risk of foreclosure, and reduced stress, just to name a few. All… Continue Reading “Leverage your home’s equity into rental property”
Adapting to Life’s New Chapters
All of us encounter major life events and they have the possibility of disrupting our lives temporarily, if not permanently. The homes we live in may have met our needs originally but due to a change in our life, it may no longer be… Continue Reading “Adapting to Life’s New Chapters”
House-Hacking your way to multi-unit rentals
House-hacking refers to buying a multifamily property on an owner-occupied mortgage, living in one unit and renting the others. If you’re thinking about becoming a rental mogul, starting early is an advantage. Not only will you have longer to accumulate a larger portfolio, but… Continue Reading “House-Hacking your way to multi-unit rentals”
The relationship between homeownership and net worth
During the span between 2019 and 2022, the COVID-19 pandemic significantly disrupted both society and economic activities. Nevertheless, the latest Survey of Consumer Finance, which has recently been unveiled, highlights widespread enhancements in the financial well-being of American families during this timeframe, especially concerning… Continue Reading “The relationship between homeownership and net worth”
Understanding Credit Life Insurance for Home Buyers
Credit life insurance is a specialized type of insurance designed to provide financial protection for borrowers and their families in the event of the borrower’s untimely death. This insurance is often associated with loans, including mortgages, and is specifically tied to the outstanding balance… Continue Reading “Understanding Credit Life Insurance for Home Buyers”
Discover how to make a difference in your neighborhood
Whether you’re a seasoned homeowner or just starting this thrilling chapter, every time you turn your key, you’re not just entering a house but also embedding yourself in a neighborhood. The heartbeat of a vibrant community doesn’t solely rest upon pristine lawns or architectural… Continue Reading “Discover how to make a difference in your neighborhood”
How Home Value Growth Beats Renting
Over the last 60 years, the average sales price of homes has appreciated at a rate of 5.56% annually, according to the Federal Reserve Economic Data. During the same period, rent has increased at a rate of 3.88% annually which presents a compelling argument… Continue Reading “How Home Value Growth Beats Renting”
Bridging Wealth Gaps: Homeownership’s Stand Against Inflation
When exploring the benefits of homeownership, it’s more than just having a place to call your own. Among its many advantages, homeownership stands as a formidable safeguard against inflation and a strong vehicle for long-term wealth accumulation. This article will delve into the dynamics… Continue Reading “Bridging Wealth Gaps: Homeownership’s Stand Against Inflation”
Access “Trapped Equity” without Refinancing
American homeowners have a record amount of equity in their home. Many of these homeowners would like to cash out part of that equity but don’t want to trade an historically low interest rate for one that is as high as it’s been in… Continue Reading “Access “Trapped Equity” without Refinancing”
Navigating Closing Costs During Your Home Sale
Buying or selling a house is an exciting and sometimes confusing experience that includes expenses called "closing costs" that can often catch us by surprise. Closing costs are simply the fees and expenses incurred by buyers and sellers during a real estate transaction’s closing… Continue Reading “Navigating Closing Costs During Your Home Sale”
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