One of the phrases that you might have heard at one point is “house poor.” This term can seem like a contradiction in some cases, since it’s hard to envision some people actually being poor, based on the homes that they have. Read More
When you buy a home with a mortgage, the lender is on the hook. A financial institutions lets you borrow money to make a huge purchase, fronting the money so that you don’t have to. Read More
For many consumers, homeownership is still an important financial and life milestone. Buying a home, however, requires a great deal of capital. Most of us can’t pay for a home in cash. Read More
We all wish our finances were better. Even when we feel like things are going well, there is usually something else that can be done to improve the financial situation. As you look forward to the rest of the year, here are a few tips that can help you improve your finances: Read More
I’m not exactly a millennial. I fall in that gray area between Generation X and Generation Y. Generally, I identify with Gen Xers, but there is one way that I really feel “in tune” with millennials: I’m not really into buying a home. Read More
Even with the recent real estate market troubles, many people are still interested in buying homes. Buying a home, though, isn’t something you can just do. Read More
When it comes to events that can have a negative impact on your credit situation, a foreclosure is near the top of the list. As a result, many homeowners faced with the possibility of foreclosure are interested in finding ways around the foreclosure. Read More
Part of the American Dream is buying a home, and then, eventually, “upgrading” to a larger house. There’s a lot of emphasis on home buying in our culture, since it is a major milestone that carries with it the idea of adulthood and financial stability. Read More
Your mortgage is likely to be the largest loan you have in your life. As a result, it makes sense to consider the interest you pay. Because your interest rate is based on the size of your mortgage, the smaller the rate, the less you pay over all. Read More
For three years I dithered about refinancing my mortgage. I meant to check into and get around to it, but it never quite happened. One day, when I logged onto a free consumer credit site, a popup suggested that I talk to someone about refinancing my loan. On a whim, I checked “yes” in the box, and soon I received a follow up about refinancing. Read More
