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Archive for: Real Estate & Renting

Before You Move, Consider This: Where You Choose to Live Has a Surprising Impact on How Rich You Feel

Over the summer, I traveled to Bend, Ore. with my wife and kids to scout it out as a possible place to live. I had lots of good reasons for doing this, starting with the weather: In Chicago, we’re slogging through another horrid winter. Bend, by c … [Read more...]

FHA Mortgage Loans: A Good Idea For First-Time Buyers?

FHA mortgage loans are mortgages that are guaranteed by the U.S. Government's Federal Housing Administration. Thanks to this guarantee, FHA mortgage loans are often available to home buyers who do not qualify for "traditional" … [Read more...]

Building Your Dream Home Sounds Sooo Romantic, But…

Remember that Grey’s Anatomy episode where McDreamy brings Meredith to the top of a mountain at night and uses hundreds of candles to light up the layout for their dream home that he plans on building? It was the swoon heard ‘round the world. If you … [Read more...]

How to Sell Your Home When You Might (Barely) Break Even

Home prices in 20 major cities this last summer were up 12 percent compared to the same month of the previous year, according to USA Today. That's a nice statistic, but if your home has been underwater  — in other words, you've owed more on the mo … [Read more...]

How Much House Can You Afford?

We first published "How Much House Can You Afford", but we've been getting a lot of questions about the subject recently. In fact, we've also been getting a lot of people asking why they haven't been approved for a mortgage. In many cases, we simply … [Read more...]

How To Qualify For An FHA Loan

The FHA loan program makes it possible to purchase a home with as little as 3.5 percent down and with a lower credit score than required by traditional mortgages. (Click here for a thorough introduction to the FHA loan program.) FHA loans are not … [Read more...]

15-Year Mortgage vs 30-Year Mortgages

The home buying process is full of decisions, even before you start looking at houses. Who should your agent be? Who should your lender be? What type of loan should you get? Though figuring out the answers to so many questions can at times be … [Read more...]

How to Pay Off Private Mortgage Insurance (PMI) and Save $200 a Month

I recently paid off the private mortgage insurance (PMI) on my mortgage. For me, that’s a savings of just under $200 a month ... which is substantial. Private mortgage insurance is a monthly expense tacked onto mortgages for home purchases in wh … [Read more...]

Considering a Move to the Suburbs? Here’s What to Look For

In mid-June, we treated Money Under 30 readers to our list of  "The 20 Best Cities in America to be Young, Broke and Single," and the response was phenomenal: more than 15,000 likes on Facebook, 900 Tweets ... and at least one amusing piece of hate … [Read more...]

Military Housing Programs for Servicemembers and their Families

When you’re serving your country while overseas, the last thing you want to worry about is the risk of your family getting evicted or foreclosed upon. Military families make a lot of sacrifices so we can all enjoy our freedoms. Because of this, the U … [Read more...]