Tips & Advice

Advice for Retirees When Downsizing: Part 4 of 5

As you begin to discuss your downsizing options, you may throw around the idea of maintaining two smaller homes: one in your current locale and one in a place with a more temperate winter climate. But experts recommend weighing the

Advice for Retirees When Downsizing: Part 3 of 5

We’ve all heard it a million times: Location, location, location. The old adage is just as important when downsizing upon retirement as it when buying for the first time. In addition to understanding how your taxes and other expenses will

Advice for Retirees When Downsizing: Part 2 of 5

When downsizing, you may be lucky enough to walk away with some extra cash at closing. To make the most of that money, the best thing to do is invest some – if not all – of it right away, before

Advice for Retirees When Downsizing: Part 1 of 5

The first thing to keep in mind when considering downsizing is that you should be careful not to wait too long. The longer you wait to downsize, the more time you spend paying your higher incoming taxes, utility bills and other

Researching Utilities Is Essential in Determining Home Buying Budget

The importance of factoring in taxes and insurance costs when considering a home buying budget is well known, but Bank of America reminds us of another pesky monthly expenditure to keep in mind. “If you’re moving into a larger home

One Important Thing to Consider Before Taking Out a Home Equity Loan

There are several things to think about before taking out a home equity loan, but among the most important is to consider is what the loan will be used for. “The best reason to take out a home equity loan

Financial Advisors Warn Against Reverse Mortgages

Reverse mortgages can make a lot of sense for many people. They allow homeowners to borrow money against the value of their homes, and the funds don’t need to be repaid until the individuals move. Financial advisors, however, continue to

Experts: Lock Now, As Mortgage Rates Back Down

Mortgage rates are back in line with recent lows and averaging out at 4.125%, Mortgage News Daily is reporting. Experts advise locking in on a rate now. “I’m cautiously optimistic that we are about to break back into the long

Your Next Home: A Shipping Container?

With the right frame of mind, a steel shipping container may make for the perfect affordable, eco-friendly home. There are lots of these vessels sitting around, otherwise useless, in shipping yards all around the country. So why not convert them

Mortgage Calculators Help Determine Home Affordability

When beginning the home buying process, it may be a smart idea to check out one of the many mortgage calculators on the Web. These free calculators take home price, down payment, interest rate, taxes and more into consideration and

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