MyCashFlowNotes.com, an online community and blog about financial investments and the state of the U.S. economy, has been updated with new pages
Brookfield, WI (PRWEB) December 15, 2010
MyCashFlowNotes.com, an online community and blog about financial investments and the state of the U.S. economy, has been updated with new pages on its blog entitled “Building Equity,” “Buying a Short Sale,” and “Cash Flow Notes.”
The post “Building Equity” from MyCashFlowNotes.com explains the best ways homeowners can build equity, and which methods to avoid. The page explains that equity is earned when a homeowner makes a payment, as long as the value of the home is more than the amount owned on it. Home renovations are another method of gaining equity, but the author advises readers that some renovations, such as building a pool, may be more costly than the value they add to a home.
“Buying a Short Sale” discusses the ins and outs of purchasing short sale homes. MyCashFlowNotes.com notes that the price of a short sale may be significantly smaller than the value of a home. They may also be in better condition than foreclosed homes, the page also states. However, the author also points out that getting bank approval for a short sale price can be very difficult, and the process may take several months to a half year to finish.
“Cash flow notes may be a difficult concept for many people to grasp,” begins the page “Cash Flow Notes” from MyCashFlowNotes.com. The page explains that cash flow notes are a more complex form of an IOU. They represent a person’s financial commitment to pay back a loan, such a mortgage or business loan, or a deed of trust. Lenders, such as banks, sell cash flow notes for a lump sum to buyers, the page illustrates, who then receive the remaining payments owed to the former lender. The author mentions that brokers are often a necessary tool used to find cash flow notes, which are generally only sold through “banks, investment firms, title companies, and small business lenders.”