09 Jan There’s no place like home
Planning for the future (and actually acting on it) is hard to do but it pays off in the long run. Homeownership is almost always a good way to build up equity (as long as you buy something you can truly afford) and build a stake in something. Today’s tip comes from a friend we like to call The Mortgage Broker to the Stars aka Steeleworker Al Saylor. It was announced this week that the FHA will cut monthly Monthly Mortgage Insurance fees from 1.35% to .85%. This translates as: a person buying a $100,000 home will save about $41.00 a month or $500.00/year. A person buying a $200,000 would save around $1,000/year. It also means that many who did not qualify now may qualify to become homeowners. More qualified buyers is good news for sellers and for real estate values. Quit buying crap you don’t need and instead invest in property. Then give it time. Need more? Ask Al.
“Son, stocks may rise and fall, utilities and transportation systems may collapse. People are no damn good, but they will always need land and they’ll pay through the nose to get it!”
–Lex Luthor, Superman
Have a tip you think we should share? Let us know below. Success doesn’t come from just business, it’s how you live your life and everything you do every day! Also read: Allow comedian Jim Carrey to change your life with one speech
Have a great weekend and stay warm,