…I’m in the position to pay the house we want in full using the cash reserves my wife and I saved up. Do you think I should get a mortgage anyway and put money to work by investing or do you think it’s better to skip the whole mortgage process? Do you think you can [...]
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Refinancing your mortgage is a highly flexible financial tool, available to many homeowners. Mortgage refinancing allows home owners to potentially get lower interest rates and lower monthly payments, to switch from an adjustable to a fixed rate mortgage, to take out home equity, to consolidate debt, and even to combine two mortgages into one.
Though highly [...]
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If you want to hit me, punch here. I’m numb and can’t feel it anyway.
As we talked about yesterday, the $8,000 first time home buyer tax credit is extended, and that even existing owners who buy will be able to get $6,500. The new requirements – signed purchase agreement by April 30, 2010 and [...]
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After a successful trial run that boosted home sales and brought buyers back to the table, the government has extended the $8,000 first-time home buyers tax credit through June 2010.
Now it’s not just first-timers who are benefiting — the president also signed off on a new $6,500 tax credit for existing homeowners who purchase a [...]
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Despite the tepid national economy, home ownership remains one of the cornerstones of the American dream. For most people who are responsible with their mortgage application, it’s still a great investment for the long term.
But it’s not as easy as it sounds. For scores of prospective homeowners, the prospect of finding, then financing a [...]
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Supply and demand is an economic principle that we know all too well. When demand goes up, prices tend to follow. When supply is high, expect discounts.
Thanks to supply and demand, we might be moving to a bigger apartment. Let me explain…
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Off and on, I’ve been thinking about buying a rental property but for some strange reason, the idea of Real Estate Investment Trusts (REIT) never crossed my radar. Over the weekend, a conversation with a former coworker sparked my interest in this sector again, and this time, I decided to compare a rental property [...]
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If I had my way, the realtors will all be regulated. The financial advisers are regulated, and the accountants are part of the association that governs how they are supposed to conduct business. Why not the realtors as well?
Never mind our 401k and taxable investment accounts. The house is the biggest asset [...]
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We hear about all those people who are underwater on their mortgages, and we hear about the incredibly high amounts of distressed properties on the market today. Yet, many of us never really come across the foreclosure process. Is it really that bad? Is it really happening everywhere?
As I write this, I’m [...]
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It could be argued that being lazy is built into us because we are just trying to do less. One way to look at it is that we are actually trying to be clever. However, if you believe that waiting until the last minute to do everything is smart, you are just dead [...]
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