Tips & Advice


short sale

What Is a Short Sale (Real Estate)

What Is a Short Sale (Real Estate)? In real estate, the term "short sale" refers to a transaction in which a financially challenged homeowner sells their home for less than the amount owed on their mortgage. The property is purchased by a third party (not the bank), and all proceeds go to the lender. The lender has two options: ... More

Is Buying a House an Investment?

Is Buying a House an Investment and other common housing questions we receive at Rate Marketplace. If you’re thinking of buying a home, the financial side of the equation is probably foremost in your mind. After all, buying a house is likely the largest single financial transaction you’ll make in your lifetime. However, there’s another ... More

house you can afford

The House You Can Afford Based on Your Career Salary

Four simple calculations that will tell you how much house you can afford in seconds. A few places to refinance or find a fantastic mortgage rate are included. You're definitely asking yourself a few significant questions if you're planning to buy a new house–especially if it's your first property. The question of "How much house can I ... More

First Time Home Buyer Tips.

14 First Time Home Buyer Tips & Mistakes To Avoid

Purchasing your first home entails a slew of major decisions, and it can be as nerve-wracking as it is exciting. It's easy to get caught up in the excitement of home hunting and make mistakes that could lead to buyer's remorse down the road. Below are some First Time Home Buyer Tips to follow. If you're a first-time homebuyer or it's been ... More

How Often Does Your Credit Report Update

How Often Does Your Credit Report Update?

How Often Does Your Credit Report Update? When the information in your credit reports changes, your credit scores may be updated as a result. The information in your credit reports determines your credit ratings. Your credit scores, like your credit reports, might fluctuate over time. However, how frequently do they change? The quick ... More

Pay Off Debt Before Buying a House

Should You Pay Off Debt Before Buying a House?

"Should you pay off debt before buying a house" is a commonly asked question buy many under 40. The 2020-22 Housing Market in particular has been difficult for new home buyers to navigate. How to Manage Debt before Buying a Home What is a Debt-to-Income Ratio Lenders use the debt-to-income ratio to determine if borrowers can afford a ... More

disclose child support on mortgage application

Should You Disclose Child Support on a Mortgage Application?

Not sure if you should disclose child support on mortgage applications? Lenders have tightened their underwriting standards and now need more information in order to make an informed lending decision. Many analysts feel that homeowners overborrowed on their homes and lenders gave them loans they couldn't pay. Experts advise knowing which ... More

3 Important Reasons To Just Say ‘Yes’ To A Home Inspection

Buying a home is a costly endeavor, and many a prospective buyer will look for opportunities to save a few dollars throughout the process. Skipping the optional home inspection, however, could have negative consequences that far outweigh several hundred dollars in savings. Although it’s not required by law, here are three reasons to insist ... More

How To Negotiate Home Price

How To Negotiate Home Price for Your Dream Home

How To Negotiate Home Price. When you buy a house, the seller will almost certainly expect you to haggle over the asking price. In fact, to account for discussions, most sellers price their home a little higher than market value. Negotiating can be difficult, but understanding what to expect can help to make the process less frightening. ... More

Dispelling The Myth: Why You Should NOT Pay Your Mortgage Off Early

For many Americans, owning a home outright is still an important milestone in their personal financial journey. That’s why so many homeowners work to pay their mortgage loans off early. While a home is certainly a valuable financial asset, however, some experts believe paying a mortgage off early will hurt a consumer’s long-term financial ... More