When selling your home yourself, you’ll have to actively look for potential buyers and communicate with them. You’ll have to be available to answer phone calls and emails and to provide more details about the home. Interacting with the vast majority of potential buyers will seem like a waste a time. Even so, it’s important […]
Thanks to Murphy’s Law, financial surprises happen to all of us. Sometimes no amount of planning is enough. Your car, home, and pets are all at risk of being stricken by unexpected calamities. An ill family member or unexpected funeral travel is another common setback. If you haven’t read some of our previous articles about […]
While paying cash for your next home might seem outlandish, if you put in the time and effort required, it’s actually a very attainable goal. While you may not be able to purchase a sprawling Tudor Mansion in the “old money” neighborhood in town, a ranch style home that needs some TLC or a manufactured […]
First time homebuyers are often seen as frivolous or naive and basing their decisions on pure emotion rather than logic and financial calculation. This cliché does not need apply to you. By doing a little research and talking with the pros, you’ll be able to avoid overlooking sneaky expenses before and after your purchase. If […]
In personal finance, every situation is different. While many people perceive fixed rate mortgages as ideal and variable rates as predatory, this is far from the truth. In an economy of falling interest rates, a variable rate is a good thing. If interest rates are set to skyrocket, it could be a disaster. In the […]
Purchasing your own home represents the American Dream for many people. Owning your home free-and-clear though is something many people don’t accomplish until well into retirement. Paying off a mortgage faster than the term of the loan is a positive financial goal just about any way you slice it. Being mortgage-free decreases monthly expenses in […]
If you’re tired of “investing” by paying someone else’s mortgage, it may be time to look deeper into purchasing a home of your own. It’s more reassuring to know that the money you’re putting toward your home equity each month is going into your own pocket and not your landlord’s. Contrary to popular belief, you […]
Before the financial crisis, anyone who could fog a mirror could qualify for a mortgage. Since then, government regulation has made getting approved for a mortgage anything but a sure thing. The requirements are more onerous than they were 10 years ago and debt-to-income ratio requirements are more stringent than in the past. Although it […]
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