Rent or Own your Home [Infographic]

Rent or Own: Find Your Perfect Type of Home [Infographic]

Should you rent or own? Start by comparing the pros and cons. Understanding both options can help put you on the path toward discovering the best type of home for you. Continue reading
How Much House Can You Afford To Buy?

How Much House Can You Afford?

Owning a home is part of the American dream – a place of your own where you can raise your kids and your grandchildren can come to visit. Part of that dream might be reaching for the stars to buy the biggest and the best, but your income and budget might make that hard to do. So how much house can you afford? Here are a number of methods that can help you figure it out. Continue reading
Renting Vs Buying: A Regional Guide

Renting vs Buying: A Regional Guide [Infographic]

Buying a house is almost always cheaper than renting. In the U.S., owning is 35% cheaper than renting after seven years, based on a 30-year mortgage with 20% down. Continue reading
What is the real cost of buying a home in America?

The Real Cost of Buying a Home in America [Infographic]

Expereinced homeowners know that the cost of buying a house goes far beyond the list price. Before applying for a mortggage, take a look at the hidden costs we've identified. Continue reading

5 Money Management Messes to Clean Up Before Buying a Home

High Debt Levels   Most credit cards allow you transfer balances for no fee. Professor Michael Taillard – a PhD in economics – suggests, “Pay off as much debt as possible and consolidate the number of credit cards you have by paying off the others using your lowest-rate card.” After consolidation, cut up your highest-interest cards and pay down your balance as quickly as possible. This means... Continue reading

What Credit Score Is Needed to Buy a House?

Real Estate & Personal Finance: What Is Considered a Good Credit Score for a Mortgage Loan? It's true that when you apply for your mortgage loan, having good credit is better than having bad credit. However, it's also true that while a borrower with 759 credit may pay a higher rate than one with a 760 credit score, another borrower with a 630 score might pay the same rate as one with a 770... Continue reading

Real Estate & Personal Finance: How to Get a Mortgage on a Low Income

Real Estate & Personal Finance: How to Get a Mortgage on a Low Income A low income doesn't prevent you from getting a mortgage. Ultimately, your income determines how much you can borrow instead of whether or not you can borrow. While the more you make the more you can borrow, if your other debts are manageable, you won't need a very high income to buy a comfortable home. Know Your Ratios "... Continue reading

Real Estate & Personal Finance: Can a Mortgage Lien Stop Me From Buying a Second Home?

Real Estate & Personal Finance: Can a Mortgage Lien Stop Me From Buying a Second Home? Buying a home is usually "smart debt" because you're building equity. The more equity you build, the more your personal wealth grows. But if you're thinking about buying a second home, consider whether you're making the right decision by looking at a variety of factors, such as whether you can afford the... Continue reading

How To Buy A House With Little Or No Credit

Even though being debt-free can make you a better credit risk, getting a mortgage when you have little or no credit and don't have a credit score isn't easy. "Mortgage lenders are still conservative," explains Minnesota-based real estate agent Lorraine Smith. "Instead of looking for good risks, many of them are looking for no risks." With this in mind, budgeting to buy a house means that you may... Continue reading

6 Green (and Easy) Ways to Heat Your Home

Heating your home this winter doesn’t have to cost a bundle or make you break your household budget. The six easy tips below can not only help you keep warm for less, but they can also make your home a little greener, too.  Adjust your thermostat. The easiest way to curb heating costs is already at your fingertips. Just adjust your thermostat by turning it down when you’re not home. The U.S.... Continue reading

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