Finance
When You Should Refinance
When you should refinance is a big question on the minds of many homeowners now that rates have started to move downward. How do you know when is the right time for you to start the paperwork? Should you wait a few months or start the process now? With the current talk about interest rates dropping refinancing a mortgage can be a smart financial move, but the timing and circumstances need to be right. Here’s a breakdown of the best time to refinance, things to consider, and how your home equity impacts the process:
Investments in Mid-Term Rentals in the DC Area
Investments in mid-term rentals can be an attractive addition to your financial portfolio. The mid-term rental market is booming! In 2023, nights sold for 30+ day bookings in the U.S. increased year over year by 94%. This rise is driven by a growing demographic of digital nomads, remote workers, and students, all seeking flexible housing solutions.
Mandatory Radon Testing for MOCO Rentals
Mandatory radon testing for MOCO rentals is here. On November 1, 2022, the County Council passed a new bill, 26-22, which mandates radon testing for all rental properties on the ground floor, first or second floors. Unlike the residential resale provision which is limited to single family homes, this statue applies to single family homes and multifamily homes. (It still has an exemption for condos and coops, even if they are townhomes.)
What Does a Recession Mean for Real Estate?
What the Inflation Reduction Act Means for You
Ways to Deal With Rising Interest Rates
Financing a Co-op – Simple Explanation
How to Win Against All Cash Offers
How to Win Against All Cash Offers. As a buyer when you find that dream home after weeks or months of searching, you wonder how to win against all cash offers from the other buyers who also love your dream home. It can seem like an insurmountable problem – and maybe it is …. in some circumstances…. but not all.
Homeowner’s Insurance Deductible-Increased?
Should you increase your homeowner’s insurance deductible? If you own a house, you need homeowner’s insurance. You may be able to lower your premiums significantly and save money each month by raising your homeowner’s insurance deductible. But before you do so, weigh the pros and cons.