Simple. Honest. Personal finance.

What Happens at a Closing?

You found the perfect home and, after a few negotiations, the seller accepted your offer. You’ve been to the bank and have your mortgage approval in hand. In fact, the only thing standing between you and your new home is the closing. So just what … [Read more...]

Online Home Searches: Convenient, But Not Always Accurate

These days, the first thing many Americans do when they decide they want to buy a home is search for real estate online. In fact, over 80% of homebuyers start their search for a home on the Internet, according to the National Association of Realtors. … [Read more...]

Your Down Payment: Sources of Cash to Buy Your First Home

Want to buy a home? Nine times out of 10, you’re going to need a down payment. Only VA loan programs for qualified veterans and active military personnel offer loans with no down payment. And even if your lender doesn’t require it, a down payment … [Read more...]

Why We Bought a House, and Why We Bought It Now

When is the right time to buy a house? Certainly not when you've got a brand-new baby commanding every waking second of your time. But that's exactly what we did. We just became new parents, and we’re buying a home. We close in ten days. But w … [Read more...]

Bank Owned Homes: Should You Buy a Foreclosed Property?

Bank owned homes are still flooding our nation’s real estate market. For buyers who can handle risk, some are incredible deals. But if you’re gearing up to buy your first home, take a hard look at whether buying a foreclosed property is a good idea. … [Read more...]

How to Qualify for an FHA Loan

Many people think that FHA mortgage loans are only for first time homebuyers. Although FHA loans can be a great option for first time homebuyers, they can be used for many other purposes. Knowing the benefits and drawbacks as well as requirements to … [Read more...]

Home Buyers: How’s Your Future ‘Hood?

Photo by pbo31.If you’re on the road to buying a home, life is about to get busier. You’ll need to choose a Realtor, tour homes, get mortgage pre-approval, and make offers. With all that to keep track of, don’t miss one of the most important tasks on … [Read more...]

Tax Benefits of Home Ownership

Some benefits of home ownership are obvious: there's the investment value, the pride of ownership, the privacy… What you might not have realized is that the tax benefits are one of the greatest benefits to owning a home. In fact, many of the c … [Read more...]

Create a New Home Expense Fund

I take home ownership pretty seriously. It’s probably one of the biggest financial move any of us will ever make. Jumping into owning a home before you’re ready is easy to do, but it will most likely just land you in a tight financial situation in the … [Read more...]

The High Cost(s) of Buying a Home

If you’ve never bought a home before, you may see a $300,000 asking price and think,“I can afford that” (with a mortgage, most likely). But, can you really? Are you aware of the fees and expenses involved in purchasing a home? Homeownership is … [Read more...]