Most people buy a property with a mortgage. By securing a mortgage before you find a property or properties, you will be in a good position to move ahead with a purchase quickly.
What is a mortgage?
The Land Registry uses the word “charge” which is a document creating a legal financial interest on the land. The document is executed as a deed by the borrower and it has to be witnessed. A deed is a binding agreement between the borrower and the lender. The agreement will set out the terms and conditions of the mortgage, and may include details of payment schedules, interest rates, payment holiday and other arrangements that the borrower and lender agree on. Read more »
A contract is an agreement between specified individuals to do, or not to do, certain things. The lease takes this one stage further. The lease runs with the land and no individuals are specified.
A lease is traditionally 99, 125 or 999 years long but it can actually be for any number of years. During that time, free- holders and leaseholders may change any number of times. Read more »
Ported mortgages were popular a few years ago. They allow an existing mortgage to be transferred or ‘ported’ across to another property. If you are porting a mortgage on a house that you lived in to a property for investment then you must consider the tax implications. Your tax consultant or account- ant will advise on this.
As the mortgage interest rates have fallen to a drastically low level, an increasingly large number of homeowners are trying to refinance their mortgage loans and save their home from an impending foreclosure. If you too are waiting for the right time to refinance your home loan, you should educate yourself on the most important facts that are associated with taking out a loan. As refinancing means nothing but taking out yet another mortgage loan, you have to be careful so that you don’t make the mistake of taking out a wrong loan and bear it throughout the repayment term of the loan. Here are some points to consider. Read more »
As the popular saying goes, one person’s trash is another person’s treasure; this may well be a very relevant phrase that applies to the global and national economic crisis most Americans are facing these days. With the increasing number of foreclosed homes and the staggering decline in real estate and rental property prices, buying and investing in these commodities have become a very profitable strategy for many. These people see this strategy as something that they can easily take advantage of, potentially resulting to a lot of long-term benefits. Here are 5 helpful tips in buying rental property. Read more »
With every action that we do and with everything that we give, we always expect something in return. As self centered as it sounds, this is the reality of life. Getting something in return and gaining something from something else is a universal cycle. Getting and gaining plays out in different scenarios. We buy to own products and we pay to enjoy services. We study to learn and we work to become better. We even get something out of our mistakes and that is experience. Giving and gaining applies to investments as well. By putting a substantial amount of finances into something, a profitable return is expected. Investments can be made on virtually anything, including rental property. Here are 5 things you need to know about investing in rental property. Read more »
Rental property ownership goes beyond rent collections, lease contracts and tenant occupancy. It is more than renting out spaces and generating income from it. A good rental property owner knows every part of his business from financial operations, to tenant relations down to the available utilities and supplies. Similar to how a clock functions, a good rental property owner must have all his parts work together in order to meet the ultimate goal which is to earn an income and profit prosperously. Often times, landlords lose a great sum of money by not taking advantage of the tax deductions available for them. Here’s the top 5 rental property tax deductions owners need to be aware of. Read more »
A person who’s optimistic sees the glass as half full rather than half empty. He considers every situation as an opportunity, keeping a positive outlook in life, despite the difficulties that might come his way. With the current economic crisis where various industries are greatly affected including the real estate industry, now is the best time to be optimistic. With numerous foreclosed homes and massive depreciation in real estate and rental property prices, now’s the time to look for great deals and invest in them. Looking where to invest is the easy part but choosing the best refinancing option for this investment is a bit difficult. Here are some helpful tips in refinancing rental property. Read more »
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- Things to Remember in Buying a Property with a Mortgage
- The Lease : Example, Explanation and the Danger
- 5 Common Special Condition that May Arise Under a Mortgage Contract
- Guide to Refinancing your Mortgage Loan – Save your Home from a Foreclosure
- 5 Helpful Tips For Buying Rental Property
- Three Strategies To Save Your Home From Foreclosure In Case You Have Real Estate Batemans Bay - TheSequitur.com
- Tenants take advantage of Perth's rental conditions - Your Investment Property (registration) (blog)
- Inner city Brisbane home to "excess of rental stock": BIS Shrapnel - Your Investment Property (registration) (blog)
- Govt must ease approval process for realty projects: Godrej - Economic Times
- Low Housing Inventory: A Logical Explanation - Huffington Post