A home equity line of credit (HELOC) is a loan against the equity (value minus debt) of your home, it is essentially a second mortgage. Through calculating the equity of your property you can borrow from a lender, up to a certain amount, using your property’s value as collateral. A HELOC can be used for … Read moreHow Much Will the Bank Loan for a HELOC
EXCLUSIVE DISCOUNT: GET THIS COURSE TODAY FOR ONLY $10 CLICK HERE Learn basic and advanced real estate math concepts you need to: pass your real estate licensing exam become a successful real estate agent understand the math behind real estate transactions Get Over Your Math Anxiety and Succeed In Real Estate At the end … Read moreNew Udemy Course Just Released! Real Estate Math Made Easy: Pass Your Exam & Make Top Money
As a real estate agent you may have problems with your property not appraising, especially if it is a hot market. Prices may be rising, but appraisers may only go on previous (lower) sales. So what does this mean for your buyers? Let’s take a look at the real estate math behind your appraisal options. … Read moreWhat Happens If My Property Doesn’t Appraise?
Calculating interest is an essential real estate math question that you may encounter on your real estate licensing exam. Forbes magazine recently indicated that the interest rate is around 3.87 percent. As a real estate agent, it is important to know general trends of the rates (are they rising, falling, or staying the same?). It … Read moreReal Estate Math – Calculating Interest
Earlier this week, the S&P released the Case-Shiller Indices for January 2011. As a real estate agent, you should be familiar with this real estate math term and what the numbers mean. There are varying opinions on the usefulness of the Case-Shiller Index for real estate professionals. This post breaks down what you need to … Read moreReal Life Real Estate Math: What an agent needs to know about the Case Shiller Index
The Federal Housing Administration recently announced an increase in their monthly insurance premium (MIP), starting April 18, 2011. While FHA loans are a great way for buyers to purchase a home with only 3.5% down, an increase in the MIP will affect your monthly payment. Consequently, this affects the maximum loan amount you can afford. … Read moreFHA increases Monthly Insurance Premium (MIP) starting April 18, 2011