Your mortgage could be for a hundred thousand dollars (or more), so, your lender will not simply take your word for everything and hand over the money. Instead, they will want to review various documents
Documents You’ll Need When Buying Your First Home Read More »
It’s not easy to stay within budget when building a new house, but with these simple steps we came up with, it might be.
How to Stay Within Budget When Building a New House Read More »
Taking care of a home is an ongoing job that requires a bit of hard work, perseverance, and foresight. Here is a glimpse at just a few of the potential problems in your home that you should keep an eye out for if you want to avoid health issues and property damage down the road.
Yearly Home Checkup: What To Look For Read More »
When you’re ready to buy a home, make sure your finances are in good shape BEFORE applying for a loan. A solid financial standing will help to ensure a smooth mortgage loan application. It could also establish you as a premiere buyer that property sellers will favor over other buyers. Here are a few tricks to help you get your finances in order before you purchase a property.
Approved Methods to Prepare Your Finances To Buy a Home Read More »
Are you in the market for your very first home? Congratulations. Buying a home is an exciting milestone in anyone’s life. However, it’s important to remember that buying a home is also a major financial commitment. If you’re not careful, you could find yourself in over your head financially. That’s why it’s important to plan and make smart choices when buying a home.
4 Tips You Need To Know Before Buying Your First Home Read More »
Everyone knows that house prices have skyrocketed in the last couple of years… around the new millennium, housing prices started going “parabolic,” i.e., they curved almost straight up. The common refrain was “housing prices always go up”. And then the economy fell apart, and everything came crashing down, including housing prices. By 2012 the index was back down to 134, i.e., a 27% loss.
So obviously, housing prices don’t “always” go up. Generally, over time housing prices do go up with inflation.
With housing prices once again going up parabolically, we might consider selling and using the gains to pay off debt and then buy again once housing prices are lower.
About a year ago, we published an article entitled 7 Benefits to Downsizing, which is one approach to reducing debt. In the following article, we will look at whether Selling a House to Pay off Debt is a Good Idea.
Should You Exploit High House Prices To Pay Off Debt? Read More »
Some parts of the home-buying process can actually be fun. Dreaming of the features you want and rolling through neighborhoods and wondering if they’re your next home can be a time of hope. Then again, crunching your numbers to determine a budget and going to showing after showing without finding ‘the one’ can drain you. Knowing what to expect when buying a home helps you prepare yourself for the process.
Advice on What to Expect When Buying a Home Read More »
Whether you are thinking about buying or selling your home, the aim is to get the best price. Understanding what buyers look for or the Seller’s motivation will help you get the best deal.
Get The Best Deal When Buying Or Selling Your Home Read More »
Vacation rentals have been used by travelers for some time, but they have become even more popular recently. If you’re looking for a way to bring in extra money, you might consider purchasing a property to rent out as a living space for those on vacation.
Want a Sensational Side Hustle? Rent Vibrant Vacation Properties Read More »
If you’re going to sink money into a home upgrade or repair, you want it to be worth your money. The value you might get in return can be the benefit the project gives your home, money that you save in the long run, or even increased property value. Many of the top home projects might even accomplish several of these simultaneously.
Top 5 Home Upgrades and Repairs Worth Your Money Read More »
article “The Wealthy Buy Assets, the Poor Buy Liabilities, and the Middle-Class Buy Liabilities Believing They Are Assets” we explain Robert Kiyosaki’s philosophy of what makes an asset. And according to Kiyosaki, an asset puts money in your pocket while a liability takes money out of your pocket. Unfortunately, most homeowners are lucky if they break even once you include inflation, maintenance, insurance, and taxes. So in order for your home to truly be an asset you need to find ways to have your home actually pay for itself.
Clever Ways to Make Money with Your New House Read More »
Often, children leave the nest early so they can attend college or find jobs. Sometimes, they move out to simply learn how to become independent. Most of that time is spent in dormitories or apartments, but as your kids get older, they start thinking about buying their first home. Have you instilled a sense of good credit in your kids? Are they financially ready? Becoming a first-time homebuyer is the start of credit for many kids and this is something you start working on at an early age. Here are some guidelines and ideas to help them afford their first home.
How to Help Your Children Afford Their First Home Read More »
