Tips & Advice


How Much First-Time Buyers Should Save

"Singles, couples, families -- at some point almost everyone turns their financial attention to buying a home. But how much do we really need to save the first time out? How much is enough to handle the typically steep curve of down payments and closing costs? When it comes to saving for a home, there are some helpful rules of thumb. But ... More

Considerations For Renting Property

"Many beginner or speculator-type real estate investors think that the crux of real estate investing is finding a distressed property, fixing it up, and selling for top profit. Keeping it as a rental ends up being a mistake, a backup plan, or a last resort for many people. But is keeping a property as a rental always a bad thing? Regard... More

Using Your Home To Avoid Debt

"I have plenty of experience going into debt. I've spent over half my life paying down a mortgage. I've taken out more than one home equity loan and have made more than my share of car payments. Have I ever been debt-free? Yes, for the first 18 years of my life. But now that I'm approaching retirement, I am nearing that state of equanim... 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 Do Before Buying A Home

The spring homebuying season is in full bloom, and odds are, if you're reading this, you may be thinking it's time to finally start looking for your first house. But before you dive in, it’s important to get your finances organized and know what you can afford. Here’s a checklist to get you moving toward this major purchase..." Conti... 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

Avoiding Homeownership Barriers

"Think you can’t buy a home? Think again. In November 2013, Trulia surveyed renters who want to buy a home, asking about the obstacles that hindered their goal. The survey respondents cited several barriers to buying a home, all of which are listed below. Let’s explore these obstacles to homeownership, and look at how you can ... More