Why and How to Buy Your First Home
Home sweet home – buying a home is a dream for everybody and you are no different. If you still stay in a rented house, you must think about having your own home. Buy your own home and make your dream true. Why More...
Mortgage: Pre-Qualification vs. Pre-Approval
[ad#Left-Align Content Ad]When you are ready to buy a home, you need to figure out how much you can borrow. Many sellers like to see that you have already been considered by a lender, and that you have been approved More...
Re-evaluating Your Housing Needs
One of the the things I’ve learned about personal finances is that there is a big difference between what you can do and what you should do. When my husband and I were shopping for a home, we were approved More...
Housing Expenses: What is the 30% Rule?
One of the biggest questions people ask about finances is what the 30% rule means for housing. Does it mean net or gross income? Is it just the mortgage plus interest, or does it include other expenses? You might More...
How Do You Know if You Can Afford that Mortgage?
[ad#Left-Align Content Ad]One of the most common concerns for many consumers is whether or not they can afford a mortgage. Figuring out whether or not you can afford a mortgage should be more about simply figuring More...
Are Mortgage Points Tax Deductible?
[ad#Content 300x250] One of the ways that you can reduce the interest rate on your home mortgage loan is to pay points. A point is equal to 1% of the cost of your loan principal. If you get a mortgage for $180,000, More...
Are Mortgage Rates Going Down?
If you are in the market for a home mortgage, you might be in luck. Mortgage rates appear to be going down – again. Indeed, Freddie Mac reports that the average 30-year fixed rate mortgage is going for 3.25%. [ad#Content More...
3 Goals to Meet Prior to Retirement
Retirement is one of those big milestones we mark in life. However, getting there is more of a journey than an event. On your way to retirement, it is a good idea to have small goals that can help you along to a More...
5 Essential Things to do Before Buying a Home
You’ve probably heard that we’re in a buyer’s market. Home prices are low, and mortgage rates are low. And, since the home buyer tax credit has expired, there is speculation that home prices could More...