Starting a Home Renovation? Don’t Ignore These Key Insurance Risks
More homeowners have been renovating their homes instead of buying due to housing prices. While continuing to build equity in your home can be advantageous
Category: Real Estate
Real estate is a major investment. Darrow Wealth Management has guidance on buying before selling a home, becoming a landlord, financing and refinancing, different mortgages types, buying a home for retirement, inheriting a home, owning a rental property, vacation and second home considerations, tapping home equity, and more. Real estate can make a great investment, but it is also very illiquid and often emotional. Before making a big financial decision, consider all aspects of your financial situation.
With Mortgage Rates So Low, Is Now a Good Time to Refinance?
With 30-year fixed mortgage rates currently averaging below 3%, it might make sense for homeowners to consider refinancing. Depending on several factors, such as your
Should You Buy Your Retirement Home Before You Retire?
When should you buy your retirement home? Buying a retirement home too early could be short-sighted, despite long-term intentions. Whether you’re in your 30s or
What to Look for When Buying a Home for Retirement
There are plenty of ways to buy a home, but for many pre-retirees, it may be a good idea to wait until you’re much closer
Is it Better to Buy a Home with Cash or a Mortgage?
Should you get a mortgage if you can buy the home with cash? The idea of living mortgage-free can be particularly enticing for individuals nearing
Should You Pay Off Your Mortgage Early or Invest Extra Cash?
Should You Pay Off Your Mortgage Early or Invest Extra Cash? It’s true: the idea of living without a mortgage payment sounds enticing. On the
Should I Sell or Rent My House?
Moving and wondering whether you should sell or rent your house? It’s common for homeowners to wonder if they should rent or sell their home
Buying, Selling, or Inheriting a Home
Real estate is often a big part of an individual’s net worth, whether by accident or design. In the last 10 years, we’ve seen a
Should I Put My House in a Living Trust?
Why put your house in a trust? There is one main reason: to avoid the probate process. There can sometimes be confusion that a living
Converting Your Home Into a Rental Property
The IRS defines a primary residence as a living space which you inhabit, but may rent out for up to two weeks per year without