HomeHug.com Financial Services is a company that connects people to their network of real estate agents and mortgage lenders.
Personally, I might try them, but I would shop around directly with the mortgage lenders as well. HomeHug.com probably takes a commission, as the middleman, or they probably add extra fees that you might not need to pay if you deal directly with a lender yourself.
Paul Ellis-Graham, a high school US history teacher from Orange County, has created a variation on the game Monopoly to make it more like real life. He says:
Someone born wealthy would already start the game with money and property. The people in middle-class families might own Ventnor Avenue or Marvin Gardens. The poor families don’t start out owning any property
The article has an emphasis on the value of teaching labor studies. From the New York Teacher publication.
In the board game Monopoly, you can mortgage the properties you own. What does this do? It gives you some cash to work with, so that you can buy more properties.
Like real mortgages, you have to pay back the money with interest. It sounds pointless to mortgage properties, then, if you look at it strictly in terms of how much you owe.
The trick is to mortgage properties so that you can use the money to buy as many properties as possible. Real estate in Monopoly always appreciates (for the most part), so it’s an investment that’s worth the price of having to mortgage your other properties.
In real life, property values aren’t as guaranteed to go up. However, real estate prices tend to increase in the long term. Mortgaging your properties in the real world to buy new properties may be as good an idea as it is in Monopoly. A little debt might be worth the huge profits.
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