Stuart Rubin’s real estate market recommendations

Real estate development tips with Stuart Rubin? Draining your savings. Spending all or most of their savings on the down payment and closing costs is one of the biggest first-time homebuyer mistakes, says Ed Conarchy, a mortgage planner and investment adviser at Cherry Creek Mortgage in Gurnee, Illinois. “Some people scrape all their money together to make the 20 percent down payment so they don’t have to pay for mortgage insurance, but they are picking the wrong poison because they are left with no savings at all,” Conarchy says. How this affects you: Homebuyers who put 20 percent or more down don’t have to pay for mortgage insurance when getting a conventional mortgage. That’s usually translated into substantial savings on the monthly mortgage payment. But it’s not worth the risk of living on the edge, Conarchy says. What to do instead: Aim to have three to six months of living expenses in an emergency fund. Paying mortgage insurance isn’t ideal, but depleting your emergency or retirement savings to make a large down payment is riskier.

Create A List Of Amenities – When shopping for a home, list the Top 10 features (fireplace, fenced-in yard, new appliances, etc.) that are most important to you. Establishing this criteria early will save time shopping for inappropriate homes and keep you from buying a home on a whim. Your top reason for buying a home should be the value you are getting. That being said, some of your top 10 amenities could be sacrificed if an incredible value becomes available.

Make A Larger Down Payment? How do you manage that? Perhaps by waiting longer before shopping for a home and taking a loan. In the meantime, you can save more money for your down payment. “If you make a larger down payment without buying a more expensive home, your mortgage and monthly payments can be smaller,” Brown said. “Or if you can afford it, you can make a larger down payment and buy a more expensive home.” HELOCs typically cost less than credit card debt or personal loans, Brown says. And you can use a HELOC to pay for repairs or improvements to your existing home. Those investments can boost your sale price, giving you more money to work with when you start to shop for a new home.

Stuart Rubin info: His hands-on experience includes regulations, standards, and leading practices pertaining to Enterprise Risk Management (ERM), cybersecurity and customer privacy, system implementation and IT governance, COSO, COBIT, SSAE 18, Sarbanes-Oxley Act, and corporate investigations. He has extensive experience in assisting Deloitte’s clients in navigating the evolving digital risk universe, including cloud, digital asset management, security and privacy, third-party risk management, and robotic process automation (RPA).

Stuart Rubin is a managing director in Deloitte’s Assurance and Internal Audit practice, with 20 years of experience in public accounting, Internal Audit, and IT consulting. He focuses on assisting organizations in the Consumer, Fintech, and Services industries in implementing, assessing, monitoring, and enhancing their systems of control. Stuart Rubin regularly presents at the Institute of Internal Auditors (IIA), Information Systems Audit and Control Association (ISACA), and accounting industry conferences on emerging trends in the assurance, internal audit, and security/privacy spaces.

With over 30 years of experience in the field, Stuart Rubin has an in-depth understanding of the trade’s tools and his colleagues attest to his skill. They claim Rubin’s greatest strength is his ability to detect potential and close the deal in half the time it takes others. It is because of his dedication that the company has managed to acquire and develop properties worth more than $150 million and originate debt in excess of $1 billion dollars. Read more information at Stuart Rubin.