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
The Advantages of Buying a Home Versus Renting an Apartment

The Benefits of Home Ownership

Buying a home has always been built into the American dream, but in the wake of the housing crash, a new generation of homebuyers is treading more carefully. While renting is more flexible, buying a home has the bigger potential long-term payoff, with tax advantages and quality-of-life benefits. Comparing the costs of buying are more varied and complicated than for renting, so it's important to... Continue reading

How to Use Software for Rental Property Management

The Rental Protection Agency reports that over 22 million Americans are landlords, with more than 500 new landlords entering the business daily. When you own rental property, staying on top of the numbers simplifies all aspects of managing your business, from rent collection and property maintenance costs to tax payment calculations. Quicken's Rental Property Manager software has all the tools a... Continue reading

Buying Rental Property: How to Make a Good Investment

Don't wear your homeowner hat when you go out to buy rental property, because the elements to consider are very different. You may love houses with big backyards and picket fences, but the most important factor when buying a rental property is financial. Whether it's determining your return on investment (ROI) or per-unit cash flow, it's important to do the math first rather than buying based on... Continue reading
How to Increase Your Home Value

How to Increase Your Home Value

A home is often a person's biggest investment. When you're thinking of selling, it makes sense to select improvement projects carefully. Choose ones that will boost your home's value rather than spending money on expensive remodeling that may not attract buyers. Experts agree that some fixing-up is in order before you put your house on the market, but you may be surprised at how little money is... Continue reading

Where to Move Now: Best Real Estate Markets

Most financially savvy people consider home ownership a necessary step in building wealth. After all, wise real estate investing could bring big returns. BiggerPockets.com compiled a list of the best real estate markets for buying single- and multi-family homes in 2015. Whether you buy a property as your primary residence or as an investment to rent out, consider this data before making your move. Continue reading

Pages