Ishakis Finance Report Mortgage Broker Brooklyn
Loan Officer Yael Ishakis’s take on mortgage and finance news.
Owning a home is a rewarding milestone that symbolizes stability and personal achievement. It also comes with its fair share of challenges and responsibilities. Maintenance, emergencies, and long-term property planning require having the right professionals in your network to ensure a smooth homeownership experience. Here are the key individuals every homeowner should connect with early… Continue reading Key Professionals to Know When Building Your Homeowner Network
With the current shortage in housing inventory, more buyers are considering condominiums and townhomes as viable options. Most of these properties are part of a homeowners’ association (HOA), which plays a crucial role in maintaining the community. Understanding what an HOA entails can help you make an informed decision before purchasing your next home. Here’s… Continue reading In A World of Homeowners’ Associations (HOAs)
Have you ever heard of house hacking? It’s a real estate strategy that allows you to live in a property while renting out part of it to generate income. This approach helps offset your living expenses and can even pave the way to financial independence. Here’s a breakdown of what house hacking entails, along with… Continue reading House Hacking Pros And Cons Explained
Are you tired of pouring your hard-earned money into rent payments every month, only to see it vanish into thin air? Have you ever considered that homeownership might be the key to escaping the rent trap and building wealth for your future? We will explore how homeownership can be a powerful wealth-building tool compared to… Continue reading Escaping the Rent Trap: Building Equity through Homeownership
It’s important to be financially prepared for emergencies so that you can handle unexpected expenses or situations without having to worry about your financial stability. Here are some ways to financially prepare for emergencies: Build an emergency fund: Start by building an emergency fund that can cover at least 3-6 months of your living expenses.… Continue reading Ways To Financially Prepared for an Emergency
Getting a mortgage can potentially help your credit score, as long as you make your payments on time and in full each month. Payment history is one of the most important factors that influence your credit score, so consistently making your mortgage payments on time can have a positive impact on your credit score over… Continue reading Will Getting a Mortgage Help My Credit Score?
If you own a home, you must make sure it is properly protected. Hazards can change throughout the year, and one of the biggest threats during the spring is the arrival of frequent thunderstorms. If your home is damaged by a severe storm, it might be covered by your homeowner’s insurance policy. You need to take a closer look at your policy to see if you have the right coverage.
The decision to buy a new or pre-owned home depends on your priorities, budget, and personal preferences. It is important to consider all factors and work with a reputable real estate agent to find the right home for you.
One of the worries associated with getting older is having the ability to maintain your lifestyle in old age, and a smaller home can actually alleviate many of the high costs that go along with having an oversized home.
Home equity is the difference between what your home can sell for and what you owe on it. Generally, the longer you own your home, the more equity you build.