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When it comes to real estate, the more you spend, the more money everyone makes. And it happens on every level of your home purchase. The costs start adding up once you find the perfect place. According to the National Association of Realtors, real estate agents get paid by taking a percentage of the purchase price of your […]
Why You Should Buy Less House Than You Can Afford Read More »
To understand how much house you can afford, you need to take into account two important factors — what lenders will approve you for and what fits within your budget. The good news is that these budgetary guidelines typically line up. Even so, you will need to make sure you don’t take on more house
How Much House Can I Afford? Read More »
When I was a little kid, a cousin of mine owned several rental properties in the small town near my home. This was basically his livelihood, as he spent his time taking care of the properties as needed, collecting rent, and so on. He spent about 20 hours a week on his collection of properties that
The Pros and Cons of Owning a Rental Property Read More »
It’s common sense. A person buying a new home wants the price to be as low as possible. A person selling a house wants the price to be as high as possible. Where they meet in the middle is when a house sale happens. Sometimes, though, things favor the buyers, and other times, things favor
Will There Be a Buyer’s Housing Market in 2021? Read More »
Are you in the process of buying a home? If so, or if you plan to venture into home buying in the near future, you should brush up on how the mortgage rate lock process works. This process gives you control of how much your mortgage loan interest rate will be, and it can help
What Is a Mortgage Rate Lock? Read More »
Freedom from debt is a common and powerful financial goal. Owning your home free and clear with no other debts gives you a strong financial base for whatever plans you may have in life. In most situations, you will save money if you make extra payments on an existing mortgage. Doing so will directly reduce
Here’s What To Do If Your Mortgage Won’t Let You Make Extra Payments Read More »
If you own a home and are making monthly payments, you have probably read over the breakdown of your monthly mortgage charges once or twice. Your mortgage payment likely breaks out your monthly payment into three parts: principal, interest and funds that go to your escrow account. While you likely know that the principal is
Mortgage Escrow Account: Pros and Cons Read More »
Thinking about a no down payment mortgage loan? You may qualify, but whether this type of loan is the best option for you will depend on a few different factors. The post What You Need to Know About Mortgages That Require No Down Payment appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance
What You Need to Know About Mortgages That Require No Down Payment Read More »
If you’re trying to buy a high-dollar home, you may come up against some obstacles — especially if you aren’t paying cash for the home. It can be tough to get a home loan for homes with hefty price tags, but while it may take more work, it’s not impossible to pull off. You’ll just
What You Need to Know About Jumbo Loan Limits Read More »
Your home is one of the largest purchases that you’ll make in your life. While buying a new home is a goal for many adults, few people are fortunate enough to be able to pay for a home in cash. If you’re buying a home, you’re probably going to need a mortgage to make the
Third Federal Savings & Loan Mortgage Review Read More »
Reverse mortgage requirements say that a borrower must be at least 62 years old, owe little on the home, and use the property as their principal residence. The post Reverse Mortgage: What Are the Requirements? appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance
Reverse Mortgage: What Are the Requirements? Read More »
Conventional, FHA, and VA loans are popular choices for financing a home, each with its own set of pros and cons. The post Find Out Which Mortgage Is Right for You: Comparing Conventional, FHA and VA Loans appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence
Find Out Which Mortgage Is Right for You: Comparing Conventional, FHA and VA Loans Read More »
Today, Alliant Credit Union provides a fully online mortgage experience to home buyers. The lender boasts competitive rates and perks that include 0% down payment loans for first-time homebuyers. The post Alliant Credit Union Mortgage Review appeared first on The Simple Dollar. #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome
Alliant Credit Union Mortgage Review Read More »
Current mortgage rates are low, making the path to homeownership a reality for a wide group of potential homebuyers. Not only are rates low, but there are many different types of mortgages to choose from that come with low rates. Conventional loans are the most common, but what is a conventional loan, and more importantly,
What Is a Conventional Loan? Read More »