Summit County Mortgage LLC

For Investors

Here’s a real nugget of information: finance your closing costs into the mortgage. Above you learned about leverage and why it is so good. Here’s a way to further increase your leverage. Consider putting $9,000 down on a $180,000. Closing costs will be about $4,500. If you come out of pocket with the $4,500, that’s $4,500 more you... [Read more of this review]

The next thing to realize is that negative cash flow is not a deal breaker, and in most cases, you will likely have a negative cash flow. This means the rent you collect will be less than your monthly costs, and you will have to come out of pocket with $100-$300 a month. If you put 20% down, your Principal and Interest payment might be low enough so... [Read more of this review]

The first thing you want to realize is that there are several ways to finance your purchase. Most people assume you need to put 20% down, and that PMI (mortgage insurance charged when you put less than 20% down) is the devil. On one hand, it is annoying to pay about $100 a month for basically nothing. On the other hand, it is a small cost for increasing... [Read more of this review]