Purchasing a Home with a Mortgage – Part 3 of 4
How a Mortgage is Calculated So, you’ve been pre-approved for a mortgage, and the next step is to calculate monthly payments for a new house. Your lender will use several factors to calculate your mortgage. In this section, we will describe each piece of information and how it applies to the mortgage calculation process. Down […]
Purchasing a Home with a Mortgage – Part 4 of 4
A Real-world Scenario Let’s take all the information we presented in the previous section and connect it to a real-world scenario to see how someone gets prepared to take on a mortgage for a house. Meet Johnny Smith. He is 25 years old, single, and his S.M.A.R.T. goal is to: Buy a 3 Bedroom 1 Bath […]
Four Benefits of Real Estate Investing
The benefits of investing in real estate as a way to build wealth are many. When investing in the right property, investors can enjoy predictable cash flow, excellent returns, tax advantages, and diversification. Four Benefits of Real Estate Investing are: Cash-on-cash – This measures as a percentage the cash income earned on the cash invested […]
How House Hacking Changed an MFF Fellow’s Life
MFF Fellow Steve Spain recently joined the MFF Team to develop our business and skill development content as a subject matter expert. Steve has a passion for real estate (including owning this beauty of a property!) and recently took the time to share how leveraging this passion is helping he and his family to work less […]
House Hacking: How to Live for Less
Join us to learn how to live for less (or even free!), increase your wealth, and leverage real estate to work less and enjoy life more. Presented by #MFF Fellow and Subject Matter Expert Steve Spain, House Hacking: How to Live for Less, is Steve’s story of how he started House Hacking (before that was a […]
Understanding the Process for First-Time Homeowners
By Tori Berube, Director of Marketing and Outreach Buying a home is one of life’s major decisions, especially for first-time homebuyers. Neighborworks® Southern New Hampshire’s HomeOwnership Program Director Paul McLaughlin recently joined us to share the factors to consider when beginning the homebuying process. While buying a home may help you build equity and provide housing […]
The Basics of a Real Estate Proforma
Are you considering investing in commercial or residential real estate as part of your financial plan? If so, first-time investors will want to know how to prepare, read and understand a real estate proforma, which analyzes a property’s potential income and determines what you can expect for a property’s cash flow or net operating income […]
Legos and Money: Real Estate
By: Lyndsey Ducharme, MFF Fellow & Mom of Twins When I think about money I always feel anxious, uncomfortable and like I am never ever, ever going to get ahead. In order to tackle a fear or obstacle, figuring out where the fear comes from, at least for me, is important. So where did my […]
Home Buying – The Journey Begins – MFF Two Minute Tuesday
Home Buying – The Journey Begins MFF Two Minute Tuesday – March 31, 2020 2 Minute Tuesday is a short conversation about a topic related to financial, literacy, investing or entrepreneurship.
ABC’s of Real Estate Investment
ABC’s of Real Estate Investing by Ken McElroy By: Russ Harriger Having seen a review of the book by a Morgan Financial Fellow, I felt compelled to share my thoughts coming from a (well) seasoned property management professional. When Peter Morgan handed me this book on real estate investing, my instinctive question was “ I […]