Tips & Advice

Experts Warn: Don’t Try to Time the Market

When purchasing a home, it may be very tempting to try to either delay or rush the process in order to secure the best interest rate. But experts warn against both of these strategies. If you wait too long, a

Investing in Real Estate? Remember It’s a Business.

Anyone planning to invest in real estate should remember that it’s a business and should treat it as such. The first step in managing a successful real estate venture is to create a business plan complete with revenue projections for

As Rents Increase, Buying May Be Better

Although home prices have been increasing, so too have rent prices. So with interest rates as low as they are, it may be better, financially, to purchase a home than to continue to rent. Even former HUD secretary Shaun Donovan

When Looking to Buy, Know Your Income

It likely comes as no surprise that when an underwriter is reviewing an individual’s mortgage application, income plays a huge factor. “We want to see a history of income that’s documented and has a likelihood to continue,” says Arlene Allert

Signing Your Mortgage Docs: Don’t Be Afraid to Ask Questions

Filling out loan documents is a long and complicated process, and you’ll be asked to sign lots of documents that you may not fully understand. If this happens to you, don’t be afraid to ask questions. The complexity of the

Budgeting for your Mortgage

When budgeting for your mortgage, consider spending no more than 30 percent of your monthly income on your housing costs. Spending more than that makes for a cost-burdened household, making it difficult to afford other everyday living expenses. According

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

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

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

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

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