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Should You Buy Or Rent?

For most of us, buying a home (or not) is the biggest financial decision of our young adult lives. There’s no easy answer to the question “is it better to rent or buy?” It depends on so many factors: Your age, your finances, your neighborhood, your … [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...]

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...]

Funny Money: Homeowner Money Traps To Avoid

When you manage to scrape together enough cash and responsibility to buy a house, you're not just acquiring a place to live. You're entering an exclusive club — one shared by those you no doubt admire and respect. That club, though, is not so p … [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...]

Our Credit Isn’t Perfect; How Can We Prepare to Get Home Financing?

Q: I’m 27 and recently got married. My husband and I are ready to buy a home. We have enough saved for a down payment, but his credit isn’t great because of a couple of credit cards he didn’t pay about four years ago, and we’re nervous about getting a … [Read more...]

Budgeting for Home Expenses: Expect the Unexpected

Americans are buying houses again. Home prices throughout the United States are expected to increase an average of 13 percent in 2013 and 2014, according to National Association of Realtors’ Chief Economist Lawrence Yun. If you’re about to pur … [Read more...]

When Buying, Look for Features That Add Value to Your Home

If you're buying a home, you want it to appreciate. Even if you realize your own house may not be a great investment, you still want it to hold it's value and — hopefully — to be able to sell it someday for more than you paid for it. But in real est … [Read more...]