All real estate agents are NOT alike! Find out why we are top real estate experts in all of the Pascack Valley, area. Call us direct: 201-218-6802.
|
 Compare three
mortgages at one time. Download TripleCalc now. It's free. |
|
 |
 |
|
 |
 |
Why Buyers Choose Us: Why homebuyers in the
Hillsdale, River Vale, Westwood and Emerson area choose The HammersTeam as their Realtors |
|
Latest Listings: Get
The HammersTeam's latest Hillsdale, River Vale, Westwood and Emerson listings of homes for sale
first! |
|
Find Your Perfect Home: The HammersTeam will
search for your ideal home and email you the newest Hillsdale, River Vale, Westwood and Emerson MLS
listings of properties in Bergen County NJ |
|
First Time Homebuyers: Are you a first time
homebuyer in Hillsdale, River Vale, Westwood and Emerson, NJ? As top Realtors,
The HammersTeam can guide your home buying search |
|
Mortgage Prequalification: Pre-qualify for a
mortgage or loan for your Hillsdale, River Vale, Westwood and Emerson house or other real estate or
property |
Please Sign Up For The Latest Listings and the Latest Real Estate News
Investment Real Estate >Planning for Repairs
If you are the owner of an investment property, you are responsible when something breaks down in the building. So when the tenants call with an emergency, you will need to have a list of local repair companies you can contact, and money in the bank to pay for their services.
One of the best ways to protect your property investment is to purchase a home warranty that covers your home against unexpected system breakdowns that can be costly, particularly if the heating or plumbing systems need repair. The yearly cost of a good home warranty is probably less than the cost of replacing a broken water heater. If your property is older, a home warranty will provide you with greater security and peace of mind.
Another way to plan for investment property repairs is by building up a monthly surplus account, where part of your positive cash flow can sit in preparation for the day some major repair is needed. Having a "rainy day" fund will relieve you of financial stress when something has to be fixed.
|
| Q |
What is a Balloon Mortgage?
|
| A |
A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
|
 See More Real Estate Trivia > |
|
|
|
|
