Taking out a mortgage is a costly enterprise, with fees you probably don’t expect. It pays to know what you are in for when applying. Since the housing bust, many lenders tightened their standards, which means more hurdles for you.
Our first article talked about some low-risk investments for your new-found fortune. But if you have the stomach for higher risk and, as a result, aim to earn higher returns, here are additional ideas.
Spring – a time for fresh starts and, for some, a new home. Before you head out to open houses, your first question should be: Should I own a home at this time? Your second: Or should I remain a renter?
Should you invest with your spare cash or pay off your mortgage early? As with most financial planning decisions, the answer is not black and white.
Interest rates on home loans are historically low. That means now is the time to dig out your mortgage loan paperwork and consider whether refinancing is right for you.
What’s the best way to hold commercial real estate in a retirement portfolio? For many investors, the answer seems to be “not at all.” The reason is that real estate investments have burned people in the past and that stocks get more attention. That’s too bad.
The weather is starting to get chilly (if not downright cold) and you already have packed your bags to head south for the winter. Before you surrender to daydreams of sandals and shorts on New Year’s Day, here are a few smart tips to safeguard yourself and your property, if you plan to be away from your primary residence for the winter.
Conventional wisdom says that making extra payments toward your mortgage saves interest. True, but that’s not all. Increasing your mortgage payment also means larger equity value and more money in your pocket when you’re older.
Daydreaming of owning a second, seasonal home? A mountainside vacation house with a fireplace or two? Sounds enticing, but fulfilling this dream takes attention to detail and a firm vision of your long-term goals.
In a still-tight credit market, if the seller finances the buyer, home sales can happen faster. But in the long term, it is unlikely to be to your advantage as a seller.