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  • Steven Annth | Explore Twin Cities Listings Blog

    Friday, April 10, 2015   /   by Steven Annth

    Making Your Extra Mortgage Payments Count

    Home owners with a mortgage usually want to reduce their interest cost by paying down the loan balance as fast as possible. This article is about what borrowers can and cannot do on their own, and answers some frequently asked questions about making extra payments.
    Is There Any Benefit In Making Scheduled Payments Before the Due Date? No. On a standard mortgage, interest accrues monthly, and is calculated by multiplying one-twelfth of the annual interest rate times the loan balance at the end of the preceding month. For example,  if the loan balance is $100,000 and the interest rate is 6%, the interest due is.06/12 x 100,000, or $500. The borrower owes $500 regardless of when the payment is made or how many days there are in the month,. If the payment is late by more than the 10 or 15 day "grace period," there is an additional late fee. But there is no rebate for paying early.
    Simple interest mortgages, on which interest accrues daily, are an exception. On these mortgages, . ...

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    Friday, April 10, 2015   /   by Steven Annth

    Is a Condominium a Good Financial Choice?

    You have discovered that your current house is much too large for you. You are strongly considering downsizing to a condominium. But is this a good investment idea for yourself? Are there any unusual fees associated with buying a condo that you ought to know about? We will attempt to answer those questions (and more) in this article.
    Whether or not a condo is a good investment for you depends on a few factors. One is the price of the unit in comparison to other similar properties in the same area. Another is the current real estate market; in particular as it relates to condo sales. If you buy a condo when the real estate market for condos is booming, you will pay a much higher price for it. Then if you have to sell it later on and the market has tanked you will likely have to sell it for considerably less money than you paid for it. That is obviously NOT a good scenario for you. One downside associated with condo investing is that if other units in the same complex become foreclosure; ...

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    Friday, April 10, 2015   /   by Steven Annth

    Home Building And Remodeling Trends For 2015

     

     
    Not all home building trends are a good idea; do you remember the avocado-colored appliance craze, the pink tile trend, and the carpet on the walls phenomenon? If you're guilty of following those trends, don't allow this misjudgment to prevent you from latching on to the best trends of 2015. Below, we look at some home building and remodeling trends to follow, as recommended by experts in the field.
    In the Kitchen
    It seems as if people are moving away from stainless steel appliances because of how easily they show fingerprints. Experts recommend you don't stray too far away from the tried-and-trusted approach, however. For instance, concrete counter tops seem like a cool new trend but have a tendency to stain or even break.
    The main kitchen remodeling trend appears to be clean lines in light fixtures and cabinetry. There is also a move towards larger tiles in the kitchen (and bathroom), with luxury vinyl appearing to be the material of choice because it looks like ; ...

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    Wednesday, April 8, 2015   /   by Steven Annth

    Real Estate Basics Most Investors Forget

     
    There are really only a handful of facts that form the foundation for success in real estate investing. That being said, young or old, grizzled trooper or newbie, it's surprising how many investors are unfamiliar with these essential facts. even if you're  cognizant in the real estate battles, you may be unfamiliar with these key stepping stones to a successful business.
    Although this is not a complete list, following are for basics for building a thriving real estate investment business.
    -Optimizing the Process
    -Private Lenders
    -The Right Attitude
    -Optimizing the Process
    If you're an experienced real estate pro, or even if you're a newbie, you probably know some of the l techniques for running a successful real estate investment business. However, optimizing the process means accelerating and implementing what you already know. Optimization is re-thinking, re-hearing and re-learning the same thing over and over and over again. It's not about the next new shinny th; ...

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    Wednesday, April 8, 2015   /   by Steven Annth

    Buying Short Sale Properties The Perfect Way

     

    Short sale houses are an amazing  method for home buyers to get good deals, and people seeking a mutual pledge should know how to purchase from a short sale perfectly. We buy houses with price, style and location in mind, and you are to manage the cost when you are buying in a short sale. Use the suggestions below to get the best deal on your next purchase.
     Why The Short Sale?
    Short exchanges occurs for a number of reasons. You may not know the full set of circumstances of the short exchange, but you can ask what happened to the previous owners. People who had to leave town very quickly often did not have time to prepare the home. People who allowed the house to go into foreclosure might not have taken good care of the house, and people who fought to keep the house likely took good care of it. You can glean the true condition of the house with this tiny bit of information.
     Bidding
    Short sales are arrangements where the lender has already ag; ...

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