Time may be up on the home buyer tax credits, but you may hear “it’s still a great time to buy a home”. Why? Because interest rates on home loans are low and, most likely, have nowhere to go but up. Smug home owners love to extol the virtues of buying, but you should never […]
Today, only four out of ten mortgage applications close. That means 60 percent of prospective home buyers walk away disappointed. For first-time home buyers, that statistic may be even higher. But if your mortgage application is declined, don’t despair. Getting mortgage approval isn’t easy and—like many things worth doing—it may take several tries to get […]
Should you ever go into debt even if you have the cash to make the purchase? Dave Ramsey would definitely say “NO!”. But believe it or not, there are situations in which it may actually cost you more if you don’t go into debt!
Mortgages are complicated. Looking to swap one mortgage for another by refinancing? They get even trickier. So it pays to understand how the mortgage refinance process works and when refinancing is a good idea (and when it’s not) early in life. That is, even before you buy your first home.
Everybody I know that has bought or will soon be buying a home spends countless hours searching for the perfect home. Few, if any, spend much time searching for the perfect mortgage. Make no mistake; finding the right first home is important. But your dream home could be for naught if you end up in […]
Embattled real estate markets and soaring foreclosures aren’t just affecting middle-aged Americans; there are plenty of young people who bought early at the wrong time. True, young homeowners have less invested in a home and plenty of time to rebuild their finances, but finding yourself staring down the barrel of foreclosure is unpleasant at any […]