Home Loans

Debt Traps and How to Avoid Them

7 Tips for Avoidable Debt Traps You Should Know

Debt Traps and How to Avoid Them. Debt isn't all created equal. While all forms of borrowing carry some risk, certain credit decisions are more likely to send you into a debt trap. These are referred to as debt traps. It's all too simple to get into a debt trap. It only takes a little lack in judgment. One example is opening a new credit ... More

A Reverse Mortgage Could Help In The Long-Run

"Interest has increased in recent years about whether reverse mortgages are a practical way to supplement retirement income. In a reverse mortgage, a lender makes payments to you based on a percentage of your home's appraised value..." Continue to original source Image via Wikimedia Commons. More

Why You Can Be Patient In Buying A Home

"While 30-year mortgage rates are not quite as low as they were during the first half of 2013, the current average rate of 4.14% is still very low on a historic level. In fact, before the mortgage crisis hit, we had never seen rates this low. Despite the attractive rates, you don't need to be in too much of a rush to buy right now. ... More

Important Statistics To Know When Searching For A House

"Buying a new home can be quite the undertaking, and in many ways, it's a numbers game. Here are five stats, numbers and percentages you'll need to be familiar with - to give you that winning edge..." Continue to original source Image by Infrogmation of New Orleans via Wikimedia Commons. More

It Is A Smart Investment To Own Your Home

"According to a recent Gallup poll, more Americans are beginning to view real estate as a viable long-term investment. Thirty percent of those surveyed early last month took this view, up from 25% just a year ago. Gallup credited an improving housing market as being the chief driver of the change in popular opinion on this matter..." Co... More

What To Consider When Refinancing

"When interest rates drop, there's often a surge in home refinancing. A low-interest-rate environment is bad for savers, but it can be great for those interested in refinancing a home or buying one. The good news is that interest rates are still at low levels. If you're interested in refinancing a home, here are some tips and some things ... More

pay attention to your credit

Pay Attention To Your Credit

Pay Attention To Your Credit. In order to qualify for a mortgage, you must understand the regulations governing your debt-to-income ratio (DTI). Since debt-to-income ratio is one of the most important elements in determining loan acceptance, this is the reason. For the finest mortgage lenders, there are a number of factors that go into ... More

buying a home

What To Do Before Buying A Home

What To Do Before Buying A Home. What are the requirements for first-time house buyers in order to purchase their ideal property? You may be tempted to start going to open homes right once, but you must first get your finances in order. To secure financing, speak with a mortgage lender, then negotiate with a real estate agent to have your ... More

Why It Is A Good Time To Purchase A Home

"If you're wondering whether this summer is a smart time to buy a home, then let me cut to the chase. Thanks to still-historically low mortgage rates, housing may never again be as affordable as it is right now. At present, the interest rate on a 30-year fixed rate mortgage is 4.19%. That's the cheapest they've been all year, and they even ... More

home ownership barriers

Avoiding Homeownership Barriers

Think you can’t buy a home? Think again. In November 2013, Trulia conducted a survey of renters who wanted to buy a property, inquiring about the challenges they faced. Several hurdles to home ownership were mentioned by survey respondents, all of which are described below. Let's take a look at each of these barriers to homeownership ... More