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Tag: Income

Fannie Mae adds web-based income calculator for mortgage originators

May 9, 2024 No Comments Real estate , , ,

Fannie Mae announced on Wednesday the availability of a new web-based option for its income calculator tool, which is designed to “help mortgage professionals serve the growing number of mortgage applicants in the U.S. who are self-employed and don’t have traditional sources of income,” according to the government-sponsored enterprise (GSE). The new option for the [...]read moreFannie Mae adds web-based income calculator for mortgage originators

Buyers Need An Income That Starts With A 3 To Live In This Pricey City

May 8, 2024 No Comments Real estate , , ,

Homebuyers need to earn an income of more than $150,000 to afford homes in 14 out of the 50 biggest metro areas as of April, according to Realtor.com. But in San Jose, buyers must earn at least $361,000. At Inman Connect Las Vegas, July 30-Aug. 1 2024, the noise and misinformation will be banished, all your [...]read moreBuyers Need An Income That Starts With A 3 To Live In This Pricey City

Earning Less Passive Income Has Changed My Life For The Better

May 6, 2024 No Comments Personal finance , ,

In October 2023, my passive income took a significant $150,000 hit, representing a decrease of 39%, following the purchase of a new house. It was funded by proceeds from selling public stocks and bonds. The decision to buy the house with cash was agonizing, as we didn’t need a nicer home. It also meant we [...]read moreEarning Less Passive Income Has Changed My Life For The Better

How to Supplement Your Income with Real Estate (So You Can Do What You Love)

May 1, 2024 No Comments Real estate , , ,

Why are rock stars turning to real estate side hustles to pay their bills? During the lockdowns, many musicians, gig workers, and creatives saw their income streams dwindle. There were no shows to play, no tours to attend, festivals were canceled, and human-to-human contact was limited as much as possible. As a result, famous musicians began [...]read moreHow to Supplement Your Income with Real Estate (So You Can Do What You Love)

I made $40,000 a month from 3 income streams during a 4-month cruise around the world—here’s how

April 30, 2024 No Comments Personal finance , ,

Hey, I’ve just been featured on CNBC and I want to say hello to all of my new readers. You can read the CNBC article here – I made $40,000 a month from 3 income streams during a 4-month cruise around the world—here’s how If you are a new visitor – welcome to Making Sense… [...]read moreI made $40,000 a month from 3 income streams during a 4-month cruise around the world—here’s how

Low Income Californians Face Hurdles And Red Tape When Applying For EV Incentives

April 23, 2024 No Comments Auto , , ,

California’s EV sales continue to rise. In 2023 the state had a 17 percent increase in EV market share; that was up nearly 30 percent from 2022. But when you look deeper into the numbers you’ll see there’s a problem: EVs are mostly being purchased by wealthier, college-educated Californians. The state hopes to get lower [...]read moreLow Income Californians Face Hurdles And Red Tape When Applying For EV Incentives

Income Needed to Buy Your First Home in Minneapolis

April 18, 2024 No Comments Real estate , ,

You need to make nearly $90,000 annually to afford a starter home. Minneapolis, MN, is known for its gorgeous lakes, abundant outdoor recreation, deep history, and snowy winters. In addition to being a cultural hub and unique place to live, Minneapolis is also home to a competitive real estate market that’s seen a surge in [...]read moreIncome Needed to Buy Your First Home in Minneapolis

Income Needed to Buy Your First Home in Seattle

April 17, 2024 No Comments Real estate , ,

It’s approaching $200,000, among the highest in the nation. Seattle, WA, is known for its natural beauty, outdoor recreation, delicious cuisine, and tech-focused companies. And in addition to being an engaging and unique place to live, Seattle is also home to a highly competitive real estate market that’s seen large changes over the past few [...]read moreIncome Needed to Buy Your First Home in Seattle

Income Needed to Buy Your First Home in Seattle

April 17, 2024 No Comments Real estate , ,

It’s approaching $200,000, among the highest in the nation. Seattle, WA, is known for its natural beauty, outdoor recreation, delicious cuisine, and tech-focused companies. In addition to being an affordable and unique place to live, Seattle is also home to a highly competitive real estate market that’s seen large changes over the past few years.  [...]read moreIncome Needed to Buy Your First Home in Seattle

Income Needed to Buy Your First Home in Denver

April 17, 2024 No Comments Real estate , ,

The Mile High City requires lofty incomes from first-time homebuyers.  Denver, CO, is known for its mountain views, bike-friendly infrastructure, and renowned outdoor recreation. In addition to being a unique and beautiful place to live, Denver is also home to a competitive real estate market that’s seen many changes over the past few years.  For [...]read moreIncome Needed to Buy Your First Home in Denver