• Sample Page

Hanover Mortgages

The Refined Mortgage Lending Company & Home Loan Lenders

garage

Don’t wait: Start building an emergency fund now

January 30, 2023 by Brett Tams

These 3 tips will help you get in a savings groove so you’re covered for the unexpected.

The post Don’t wait: Start building an emergency fund now appeared first on Discover Bank – Banking Topics Blog.

Posted in: Real Estate News Tagged: 2, 2016, All, Bank, Banking, before, bills, Blog, Budget, Budgeting Basics, build, building, car, cleaning, Clothing, coffee, College, creating a budget, Credit, credit card, Credit Card Debt, credit cards, Crisis, Debt, Debts, discover, eating out, Emergency, Emergency Fund, expense, expenses, experts, Extra Money, financial crisis, Financial Wize, FinancialWize, fund, funds, Funds Transfer, garage, gas, goal, goals, good, groceries, habits, healthcare, Healthcare Costs, home, How To, Income, interest, items, list, Make, Medical, medical expense, money, More, Mortgage, natural, Natural disasters, needs, new, Other, pay bills, paycheck, payments, plan, rainy day fund, Rent, retirement, right, risk, save, Save Money, Saving, saving for college, Saving for the Unexpected, savings, savings goal, Savings Strategies, shopping, Spending, Start Saving, teaching, time, tips, tracking, utilities, vacation, weather, will, working, young

Pros And Cons Of Tiny Houses (Is It Right For You?)

January 30, 2023 by Brett Tams

Wondering what the pros and cons of tiny houses are? Thinking about living small? Tiny homes are becoming more and more popular each year. Plus, there are so many different options for tiny homes. You could live in an RV, boat, van, treehouse, build a small home, and more. After several years of living in […]

The post Pros And Cons Of Tiny Houses (Is It Right For You?) appeared first on Making Sense Of Cents.

Posted in: Home, Money Tips, Travel Tagged: 2, 2023, All, appliances, average, Bank, basement, bathroom, bedroom, Benefits, big, bills, boats, Budget, build, builder, builders, building, building materials, Buy, Buying, cents, Children, Choices, clear, Clothes, Clothing, cons, cost, data, divorce, downsizing, Downsizing your home, eco, eco-friendly, electric, environmentally friendly, expenses, expensive, experience, Fall, Family, Financial Wize, FinancialWize, financing, friendly, fun, garage, Google, great, helpful, home, home builders, homes, horror stories, house, How To, Insurance, items, kids, Learn, learned, less stuff, lessons, Life, list, Live, living with less, living with less stuff, low, LOWER, maintenance, Make, making, mobile, money, More, more money, Mortgage, most popular, Move, Moving, National Association of Home Builders, national parks, new, News, Opinion, Other, Personal, plan, poor, Popular, pros, Pros and Cons, Purchase, quality, questions, rate, restaurants, right, risk, room, running, RV, rv living, save, Save Money, search, Sell, single, single-family, sleep, small house, space, Spending, spouse, square footage, statistics, storage, storage unit, stress, swimming, time, tiny home, tiny homes, title, Travel, under, unique, vacation, vacations, weather, will, windows

17 Best Online Jobs for Teens

January 30, 2023 by Brett Tams

If you’re a teenager and you need to make money, we have gathered a list of the best online jobs for you. I have to warn you that most online jobs are not “jobs” in the traditional sense. They don’t usually come with a flat hourly salary, a fixed schedule, or even direct supervision to […]

The post 17 Best Online Jobs for Teens appeared first on Good Financial Cents®.

Posted in: Mortgage Tips Tagged: 2, 2021, 2022, AAMS, Accredited Asset Management Specialist, advisor, All, Amazon, app, author, basic, before, big, Blog, Blogging, blue, book, build, building, business, Buy, car, Car Insurance, Career, cents, cleaning, color, commission, company, Compensation, cost, couple, craigslist, custom, customer service, data, deliveries, design, disclosure, doordash, driving, Earn money, earning, earnings, employer, Employment, entry, experience, Featured, Finance, Financial Advisor, Financial Freedom, Financial Wize, FinancialWize, food, Freebies, freedom, freelance, friendly, front, garage, garage sales, General, get started, gift, Gift Cards, gifts, gig, Giving, good, Google, government, Graphic, great, green, home, hourly, How To, ideas, Illinois, Inquiries, Insurance, interest, internet, Invest, investment, items, job, jobs, Learn, Legal, Life, list, Live, low, LOWER, lyft, Main, Make, Make Money, making, Making Money, market, Marketing, mobile, money, More, Motivation, new, offer, offers, opportunity, Other, paycheck, paypal, Permits, Personal, personal finance, plan, planner, Planning, podcast, points, policies, Popular, products, project, projects, Purchase, questions, Research, resume, retirement, Retirement Planning, Review, reward, rewards, rideshare, right, running, Salary, sales, science, search, searching, seasonal, SEC, self-employed, Self-employment, Sell, selling, single, Sites, Social Media, space, Spending, starbucks, Strategies, survey, surveys, thrift, time, traditional, Uber, under, unique, upgrade, virtual, virtual assistant, wealth, wealth management, Websites, will, work, working, working from home, young, youtube

21 Ways Retirees Can Bring in Extra Money

January 30, 2023 by Brett Tams

A little cash — or a lot — comes in handy in retirement. Have you considered these options?

Posted in: Mortgage Tips Tagged: 2021, ad, air, airbnb, All, balance, before, Blog, Blogging, business, Buy, buyers, Buying, car, cash back, chance, cleaning, Clothing, coffee, collecting, consignment, cooking, craigslist, Credit, credit card, credit cards, customer service, data, dogs, driving, Earn money, energy, exercise, experience, Extra Money, Family, Fees, Financial Planning, Financial Wize, FinancialWize, freedom, furniture, garage, gardening, get started, good, green, grocery, Grocery Shopping, grocery stores, helpful, home, homes, house, How To, ideas, Income, interest, internet, internet access, items, job, jobs, kids, landscaping, language, laundry, learned, lending, leverage, library, list, lists, Local, lyft, Make, Make Money, making, man, market, money, More, new, offer, Other, pandemic, payments, Pet, pets, Planning, plants, Popular, products, questions, ready, Rent, rental, renters, renting, restaurant, retirees, retirement, returns, room, running, RV, sales, scams, School, search, second, Sell, selling, shipt, shopping, Sites, Small Business, space, specialty, Spring, students, surveys, swagbucks, teachers, teaching, the balance, time, tips, town, tracking, Travel, Uber, vacation, walking, Websites, will, winter, woman, work, work from home, workers

Can I Afford to Move Out? + First Apartment Checklist

January 30, 2023 by Brett Tams

When thinking about moving out for the first time, you’re contemplating taking a big leap into adulthood. Having a whole place to call home is more than gratifying — it’s a rite of passage. You may already be creating vision boards to decorate your perfect space to feel cozy and homey. Or, you may be

The post Can I Afford to Move Out? + First Apartment Checklist appeared first on MintLife Blog.

Posted in: Minimalist LIfestyle Tagged: 2, 2022, 529, All, apartment, apartment checklist, app, author, Bank, bank account, bathroom, bedroom, before, big, bills, Blog, Budget, build, business, Buying, checklist, Checklists, cleaning, coffee, coffee table, College, color, containers, cooking, cost, couple, Credit, data, decorate, education, Essentials, Financial Goals, financial habits, Financial Wize, FinancialWize, first apartment, floor, food, friendly, furniture, garage, garage sales, goals, graduation, habits, healthy, home, Home & Refinance, house, Housing, Housing Finances, How To, investment, jobs, journey, kitchen, kitchens, layout, Learn, learned, lease, lessons, Life, list, Live, living room, Local, Make, mindset, Mint, mint.com, mobile, money, More, Move, Moving, moving day, moving out, new, new home, Other, outdoor, plan, ready, reward, rewards, right, room, roommates, sales, save, shower, sofa, space, stage, Style, summer, time, tips, title, tools, tv, white, work

Exquisite Birge Clark-Designed Mansion on the Market in Palo Alto

January 30, 2023 by Brett Tams

A whimsical French Riviera-inspired mansion designed by renowned Palo Alto architect Birge Clark is on the market for $16.8 million right in the heart of Silicon Valley.

The post Exquisite Birge Clark-Designed Mansion on the Market in Palo Alto appeared first on Fancy Pants Homes.

Tagged: 2, air, All, apple, architect, architectural wonders, Architecture, bathroom, Bathrooms, beach, bedroom, Bedrooms, blue, Built, cali living, california, car, cars, castle, data, design, dining, dining room, dream, drive in, estate, expensive, Fall, Financial Wize, FinancialWize, fire, fireplace, French Riviera, garage, gold, good, green, guest, guests, home, homes, house, japanese, job, kitchen, library, living room, Luxury, Main, Make, market, Minimalist, modern, More, Most Expensive, new, News, offer, offers, outdoor, outdoor space, pool, pretty, property, right, room, safety, san francisco, School, search, second, shopping, space, Spending, students, Style, Tesla, time, under, West Coast, will, work, young

15 Thrift Shopping Terms You Need to Know

January 30, 2023 by Brett Tams

Want to thrift shop like a pro? Learn the lingo! These terms will get you started.

Posted in: Moving Guide Tagged: 2, 2021, 2022, acronyms, All, before, Buy, buyer, buyers, car, data, Enforcement, estate, experience, Financial Wize, FinancialWize, flipping, front, gap, garage, garage sale, good, hold, hole, items, language, Law, Learn, Make, Make Money, man, market, markets, mistake, modern, money, More, new, offers, Original, Other, products, Purchase, quality, resale, resale value, room, secondhand, Sell, sellers, selling, shopping, skill, stock, thrift, time, trends, tv, unique, value, will, woman, workers, Yard, yard sale, young

American Home Shield Review – Do you need a home warranty?

January 30, 2023 by Brett Tams

Welcome to my American Home Shield Review. I have partnered with American Home Shield in this article to share the benefits of home warranties and how you can protect your budget with a home warranty. Owning a home can be expensive, and it can really impact your budget if something breaks. After all, there are […]

The post American Home Shield Review – Do you need a home warranty? appeared first on Making Sense Of Cents.

Posted in: Home, Money Tips Tagged: 2, 2022, air, Air Conditioning, All, appliances, Benefits, Budget, Buy, buy a home, buyers, cents, company, contractors, cost, data, expensive, experience, Financial Wize, FinancialWize, fire, garage, good, great, heating, home, Home Insurance, home repairs, home warranty, Homeowner, homeowners, homeowners insurance, house, household, HVAC, impact, Insurance, items, kitchen, kitchen appliances, laundry, Learn, LOWER, maintenance, making, money, More, needs, offers, plan, plumbing, pool, protect, Purchase, questions, Review, Reviews, running, save, Save Money, sellers, selling, simple, stress, tax, theft, title, warranty, will, work

Home Buying Checklist

January 30, 2023 by Brett Tams

Perhaps you are already that super organized, colour-coded folder-carrying type; whether yay or nay, here’s a useful checklist for the aspiring home owner to bring along to property viewings. It’s a convenient way to make notes on potential homes so you can compare your top choices at a glance. HOME BUYER’S CHECKLIST DETAILS Address:__________________________________________________ Age: […]

The post Home Buying Checklist appeared first on Zoocasa Blog.

Posted in: Market News Tagged: 2, air, Air Conditioning, appliances, Bathrooms, Bedrooms, Blog, buyer, buyers, Buying, Buying a Home, checklist, Choices, closets, commute, construction, Financial Wize, FinancialWize, fireplace, garage, garden, gas, heating, home, home buyer, home buying, home owner, homes, locks, low, Make, Other, pipes, plumbing, pool, property, property tax, schools, security, square footage, tax, Transportation, upgrade, windows, work

How to get started with real estate investing

January 29, 2023 by Brett Tams

Today’s article is from Chad Carson, who writes about real estate investing (and other money matters) at Coach Carson. I’ve always been intrigued by real estate investing but overwhelmed by how much info available. I asked Chad if he’d be willing to write an article that would help me (and other GRS readers) understand the basics of real estate investing. This is the result.

I got started in real estate investing right after college. Because a young adult can basically sleep in a car if he has to (my 1998 Toyota Camry with cloth seats was comfortable), I had little to lose by launching a business. Unfortunately, as a Biology major, I also knew very little about business or real estate. But I did know how to hustle and to learn. That helped.

Slowly, I learned to find good deals and to resell them for a small markup of profit (a.k.a. wholesaling). I also learned to buy, fix, and flip houses for a bigger profit (a.k.a. retailing). After a few years, my business partner and I began keeping some rental properties because we knew that was the path to generating regular, passive income.

While my early business might sound like an exciting HGTV house-flipping show, it’s not for everyone. I experienced radical ups and downs of cash flow, and there were many unpredictable outcomes. I learned a lot being a full-time investor, but there are actually easier ways to get started.

Most investors I know started with a full-time job. They became valuable at their job, earned good money, lived frugally, and started boosting their saving rate. With their extra savings, they began buying rental properties on the side.

I’m not saying you shouldn’t begin as a real estate entrepreneur like I did — you’ll know if you’re called to make that leap — but if you currently have a non-real estate job and you’re saving money, you’re already going down the easiest path.

The next step is to learn how to invest that money profitably and safely. I personally think real estate investing is one of the best ways to do that. I’ll show you why that’s the case in the next section.

How to get started with real estate investing

Why Real Estate Investing? Because It’s Ideal!

I’ve yet to find a better way to describe the benefits of real estate than this. All you need to remember is the acronym I.D.E.A.L:

  • Income. The biggest benefit of real estate is rental income. Even the worst rentals I find produce more income than a portfolio of other assets like stocks or bonds. For example, I often see unleveraged (no debt) returns of 5-10% from rental income. And with reasonable leverage, it’s possible to see these returns jump to 10-15% or higher. The dividend rate of the S&P 500, on the other hand, is only 1.99% as of 1/24/17. And the yield on a broad basket of US bonds as of the same date was only 2.41%.
  • Depreciation. Our government requires rental owners to spread out the cost of an asset over multiple years (27.5 years for residential real estate). This produces something called a yearly depreciation expense that can “shelter” or protect your income from taxes and reduce your tax bill. (For more about this, check my article The Incredible Tax Benefits of Real Estate Investing over at Mad Fientist.)
  • Equity. If you borrow money to buy a rental property, your tenant basically pays off your mortgage for you with their monthly rent. Trust me: Having somebody else pay your mortgage is a beautiful thing! Like a forced savings account, your equity in the property gets bigger and bigger over time.
  • Appreciation. Over the long run, real estate has gone up in value about the same rate as inflation, roughly three to four percent a year. Combined with the three benefits above, appreciation can produce a very solid long-term return. But this passive style of inflation is not the whole story. Active appreciation is even more profitable. You get active appreciation when you force the value higher by doing something to the property, like with a house remodel or changing the zoning.
  • Leverage. Debt leverage is readily available to buy real estate. This means your $100,000 of savings can buy five properties at $20,000 down instead of just one property for $100,000. Interest on this debt is deductible, so you also save on your taxes. (While this can be helpful, keep in mind that leverage also magnifies your losses if things go bad.)

These IDEAL benefits are core reasons to invest in real estate. But as a Get Rich Slowly reader, I think you’ll appreciate another core real estate investing benefit: control!

Controlling Your Financial Destiny

How to get started with real estate investingI love J.D.’s message here at Get Rich Slowly: You are the boss of you! You can apply this lesson to so many parts of life, but it especially applies to your finances. Real estate investing fits very well with the GRS philosophy. Why? Because real estate gives you much more control than other more traditional investments.

I’m also a fan of low-cost index fund investing, for example, but do you have an impact on the returns of your stock portfolio? Not really. The 3500+ managers of the companies owned by the VTI total stock market index fund do impact your returns, but not you personally. You simply control when you buy, how much you buy, and when you sell.

But with a rental duplex, for example, your decisions directly affect its profitability (for better or worse!).

  • You can buy in certain neighborhoods and ignore others.
  • You can negotiate with your bank, with the seller, and with your vendors to get better prices.
  • You can choose the property manager and the types of tenants who will ultimately produce the returns for your investment.

If this prospect of control excites you, then keep reading. But if your palms are clammy at the idea of hands-on investments, just focus on a different vehicle. That’s okay. There are options for everyone in this big investing universe!

To make things manageable, we’re going to break things down a little. As a baby, you learned to walk by taking tiny steps. You also fell down a lot, but with a diaper four inches from the ground, what’s the harm?!

Well, you’re no longer a baby. Financially you do have a lot to lose. Your family, your hard-earned savings, your plans for financial independence, and your pride would all suffer if you made bad investments.

I get that. And that’s why we still need to take safe, baby steps. There’ll be plenty of time to run and grow faster once you’re more confident. But in the beginning, just strive to move forward steadily.

The seven baby steps below provide a simple path to follow. I’ve taken each of these steps personally. You can use them as a blueprint to help you move forward with your own real estate investments.

Posted in: Investing, Real Estate, Taxes Tagged: 2, accessibility, accountant, action, active, advice, after college, agent, airbnb, All, apartment, Appreciate, assets, baby, baby steps, Bank, bank account, bank accounts, basement, basic, basics, Bedrooms, before, beginner, Benefits, big, Big Picture, blueprint, bonds, Borrow, build, building, Built, business, Buy, buyer, buyers, Buying, Capital Gains, car, Career, Choices, clear, closing, closing costs, College, Commercial, construction, contractors, contracts, cost, couple, Credit, data, Deals, Debt, debt payoff, debt snowball, Debts, Deductible, dividend, dogs, down payment, earning, earnings, equity, estate, expense, expenses, experience, Fall, Family, Fees, Finance, finances, Financial Goals, financial independence, Financial Wize, FinancialWize, financing, first rental, flipping, flips, formula, foundation, freedom, fun, fund, funds, funny, garage, GEM, General, get started, goal, goals, good, government, great, green, Grow, growth, helpful, hgtv, home, home prices, homes, house, Housing, How To, HVAC, impact, Income, index, index fund, Inflation, Insurance, interest, interest rate, interview, Invest, Investing, investment, Investment Properties, investments, investors, IRA, job, jump, lawn care, layout, Learn, learned, leverage, Life, line of credit, list, Live, LLC, loan, Loans, Local, low, Main, maintenance, Make, making, Making Money, market, Marketing, markets, mls, money, Money Matters, More, Mortgage, mortgage loans, mortgage payment, mortgage payments, Mortgages, Move, Moving, needs, neighborhoods, neighbors, net income, net worth, networking, new, News, organization, Other, outdoor, outdoor living, passive, passive income, payments, percent, Personal, personal finance, pest control, pinterest, plan, podcast, Podcast Interview, points, portfolio, power lines, projects, property, property management, protect, public transit, Purchase, quality, questions, rate, Rates, Real Estate, real estate agent, Real Estate Attorney, Real Estate Investing, real estate investments, Real Life, realtor, Refinance, remodel, Rent, rental, rental properties, rental property, Rentals, renter, renters, Residential, return on investment, returns, rich, right, safe, safety, sales, save, Saving, saving money, saving rate, savings, Savings Account, School, self-employed, Sell, seller, selling, shopping, simple, single, skill, sleep, snowball, space, states, stock, stock market, stocks, storage, story, Strategies, Style, tax, taxes, tenant, time, tips, title, tools, traditional, trust, under, vacation, value, W-2, walkability, walking, wall, wealth, wealth building, Websites, will, work, wrong, Yard, young, youtube, zoning
1 2 … 51 Next »

Archives

  • January 2023
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • October 2020

Categories

  • Account Management
  • Apartment Communities
  • Apartment Decorating
  • Apartment Hunting
  • Apartment Life
  • Apartment Safety
  • Auto
  • Auto Insurance
  • Auto Loans
  • Bank Accounts
  • Banking
  • Borrowing Money
  • Breaking News
  • Budgeting
  • Building Credit
  • Building Wealth
  • Business
  • Car Insurance
  • Car Loans
  • Careers
  • Cash Back
  • Celebrity Homes
  • Checking Account
  • Cleaning And Maintenance
  • College
  • Commercial Real Estate
  • Credit 101
  • Credit Card Guide
  • Credit Card News
  • Credit Cards
  • Credit Repair
  • Debt
  • DIY
  • Early Career
  • Education
  • Estate Planning
  • Extra Income
  • Family Finance
  • FHA Loans
  • Financial Advisor
  • Financial Clarity
  • Financial Freedom
  • Financial Planning
  • Financing A Home
  • Find An Apartment
  • Finishing Your Degree
  • First Time Home Buyers
  • Fix And Flip
  • Flood Insurance
  • Food Budgets
  • Frugal Living
  • Growing Wealth
  • Health Insurance
  • Home
  • Home Buying
  • Home Buying Tips
  • Home Decor
  • Home Design
  • Home Improvement
  • Home Loans
  • Home Loans Guide
  • Home Ownership
  • Home Repair
  • House Architecture
  • Identity Theft
  • Insurance
  • Investing
  • Investment Properties
  • Liefstyle
  • Life Hacks
  • Life Insurance
  • Loans
  • Luxury Homes
  • Making Money
  • Managing Debts
  • Market News
  • Minimalist LIfestyle
  • Money
  • Money Basics
  • Money Etiquette
  • Money Management
  • Money Tips
  • Mortgage
  • Mortgage News
  • Mortgage Rates
  • Mortgage Refinance
  • Mortgage Tips
  • Moving Guide
  • Paying Off Debts
  • Personal Finance
  • Personal Loans
  • Pets
  • Podcasts
  • Quick Cash
  • Real Estate
  • Real Estate News
  • Refinance
  • Renting
  • Retirement
  • Roommate Tips
  • Saving And Spending
  • Saving Energy
  • Savings Account
  • Side Gigs
  • Small Business
  • Spending Money Wisely
  • Starting A Business
  • Starting A Family
  • Student Finances
  • Student Loans
  • Taxes
  • Travel
  • Uncategorized
  • Unemployment
  • Unique Homes
  • VA Loans
  • Work From Home
hanovermortgages.com
Home | Contact | Site Map

Copyright © 2023 Hanover Mortgages.

Omega WordPress Theme by ThemeHall