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- FHA Mortgage Insurance: Big Changes On the Way, And Not For the Better
- Ten-Year Treasury Yield And Mortgage Rates Increase Aggressively
- Mortgage Advertisements: Pay Attention to the Fine Print
- Fed to Continue Buying Bonds for Forseeable Future?
- Avoid This Deal-Killing Mistake the Next Time You Apply for a Mortgage
- Home Affordable Refinance Program (HARP) For Underwater Homeowners Extended to 2015
- Large Cyprus Depositors Could Lose Up to 60% of Their Account Balances
- Eurozone to Cyprus: Take the Bailout, Or Else . . .
- Cyprus Bank Levy Voted Down, But the Damage is Probably Already Done
- Mortgage Rates Improved Significantly This Week
SmartMoney is reporting that insurance companies are cutting back coverage and raising premiums for many homeowners insurance policies thanks to a spate of natural disasters over the last few years. Continue reading
This post is part 3 in a series of posts entitled “How Can I Get a House” that outlines the basics of how to become a homeowner, including preparing your finances, your credit, the mortgage process, and working with real estate agents.
Homeownership is a great goal to have and rewarding once you achieve it, but it’s also a big financial commitment. When you’re a renter, you don’t need to worry about fixing the plumbing, replacing the boiler or AC unit, or replacing the garage door. However, when you graduate from renting to homeownership, these expenses become your responsibility – in addition to your mortgage payment and all the other unexpected expenses that life throws at you. This is why it’s important that you prepare financially for the new responsibility you’re about to take on. Continue reading
This post is part 1 in a series of posts entitled “How Can I Get a House” that outlines the basics of how to become a homeowner. Congratulations on taking the first steps to becoming a homeowner! Becoming a homeowner is one of the biggest steps you’ll take in your life, and I think you’ll find that it provides a lot of great benefits, including pride of ownership, the opportunity to build equity and wealth, great tax write offs, and the ability to decorate as you like – which I’m sure you can really appreciate if you’re currently renting!
Student loan debt is a topic I’ve addressed off and on because it’s a serious financial burden that younger generations will be contending with for many years to come. This burden likely will mean many young people will be forced to delay one of life’s biggest milestones: first-time homeownership. Continue reading
If you carry a lot of credit card debt, you could be damaging your credit rating without realizing it, even if you pay your bills on time. Credit utilization, or debt-to-credit, is a big factor in how the credit bureaus calculate your scores, so it’s important that you understand how it works and manage your credit accordingly. Continue reading
Biweekly mortgage payments are a great way to accelerate the payoff of your mortgage and save you thousands in interest (or maybe tens of thousands) over the life of your home loan without seriously impacting your monthly budget. Many lenders offer a biweekly program, but if yours doesn’t, there are alternatives that can help you achieve the same result. Continue reading
How can I pay my mortgage off early? Paying off your mortgage early can put thousands (or even tens of thousands) of dollars back in your pocket over the life of your home loan. The following are some great ideas for how you can pay off your mortgage faster. Continue reading