Mortgage & Home
Everything you need to know about paying off your home early, getting a mortgage and saving money around the house.
For one reason or another, after spending several years to decades in your current home, you may feel that the time is right to move on; maybe to a new neighborhood, a bigger house or even a smaller one.
The most important thing at this point is to get the best return on investment on your house.
Home improvement has, more often than not, proved to be the difference between a modest return and the handsome return that you expect.
You may need to invest on a few fixes around your home to spruce it up.
Here are five quick fixes that will do well to add value to your house and ensure a huge return.
Buying a house can be an incredibly exciting experience, one that can send people running around all over the place trying to figure out just how exactly to find the residence of their dreams. However, just because a house is a big investment does not mean that it is impossible to understand just what you need in order to make the best choice possible for yourself and for others.
If you are going to put a large amount of money down on a property, then you might as well make absolutely sure that you are going to get the one that will serve your needs perfectly, not just in the current period of time, but for many more years far into the future.
In this post, we will discuss a very important question that you can ask yourself in order to determine whether you are making the best decision possible, or if you might be setting yourself up for financial failure down the line.
First-time homebuyers struggle with the process because it’s overwhelming.
There’s a lot to contend with: mountains of paperwork, mortgage rates, the down payment, and the list goes on.
The last thing a new homebuyer needs is to lock themselves into a lifelong commitment that ultimately winds up being the wrong decision.
With more than 880,000 homes in foreclosure, that’s a very real possibility.
The secret to ensuring your dream home doesn’t become a nightmare purchase is to put together a solid plan; this is the essential information you need to know, so your experience of buying a home is a positive one.
“Renting is throwing your money away.”
“Buying ties you down and locks up money that could’ve been invested.”
“When you buy a home, pay it off as fast as possible.”
“If you do buy, don’t pay off your home early. It’s better to invest the money.”
These are just a few of the ideas floating around the web. It makes the choices so easy, doesn’t it?
These are difficult topics that require slightly complex (but not scary-complex) answers.
Let’s dive in to theses topics, and decide what’s best for you.
Four bedrooms with a large backyard and a white picket fence.
For most people, this is an American dream that they cannot wait to attain.
But turning that dream of homeownership into a reality can take a lot of grit and determination in this day and age. Considering that a traditional mortgage requires a 20 percent down-payment and that the average price for a single-family home sold in 2014 was $345,800 according to the US Census Bureau, you would have find a way to save a whopping $69,160 (not to mention additional closing costs) before you would be able to sign on the dotted line.
So how is it that 437,000 people were able to do that?
We at Modernize have a few tips to help you reach your goal without having to give up everything.
The best way to sell a rental property is to let the lease expire and put a vacant home on the market. This option avoids many potential difficulties, but is not ideal from a financial standpoint, since an empty rental brings no income and still has expenses.
Whether your renters are difficult or dream tenants, if they are under a lease when you are ready to sell your property, it poses a few challenges. That said, it’s not anything that can’t be overcome with some effort and know-how.
Are you tired of paying rent and listening to the demands of a stubborn landlord? How about buying your own house?
Living in their own house is what most people look forward to from an early age. However, buying a place with only your savings may not be the safest bet. You could end up with too little money to finance your other requirements.
That’s where home loans can rescue you. You can borrow the required amount from a financial institution and pay it off in EMIs over a fixed tenure.
Before applying home loan it is important to look at the eligibility criteria in order to know if you qualify for a loan. Here is a list of the most significant factors that banks take into consideration when giving out home loans.
Airbnb is the personal accommodations website that’s taking the overnight guest industry by storm. If you’re considering posting your home or personal property on the website to make a supplementary income, you’re not alone. People across the world have taken note and put their homes up for grabs, but this route is not without its caveats and risks. Before you take the plunge, consider the risks and rewards that come along with this venture.