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 … [Read more...] about Why You Shouldn’t Make House Purchases Based on Emotions
Mortgage & Home
Essential Information for First-Time Homebuyers
Since I recently published the Understanding Mortgages article, I thought it would be a good time to publish this contribution that talks more specifically about the loan itself. Enjoy and share any thoughts in the comments! First-time homebuyers struggle with the process because it’s overwhelming. There’s a lot to contend with: mountains of paperwork, mortgage rates, … [Read more...] about Essential Information for First-Time Homebuyers
Understanding Mortgages: Buying, Renting and Paying Off Your Home
"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 … [Read more...] about Understanding Mortgages: Buying, Renting and Paying Off Your Home
Top 6 Ways to Save Money for a Down-Payment
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 … [Read more...] about Top 6 Ways to Save Money for a Down-Payment
How to Sell an Occupied Rental Property
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 … [Read more...] about How to Sell an Occupied Rental Property