There’s no doubt about it: Lenders have tightened the guidelines they use to evaluate loan applications. That means borrowers who want to refinance their mortgage to take advantage of low interest rates may wonder whether they will qualify for a new loan. This summary should help you understand what lenders… read more →
One question you hear frequently through your 20s is, “When are you going to buy a house?” Some believe you are missing out on the benefits of homeownership, while others think that with careers constantly taking you to new cities, you are better off renting forever. Many people grapple with… read more →
Rent is one of the largest monthly expenses for most people and, as a result, dictates the budgeting process. It’s common knowledge you can get kicked out of your place if you fail to pay (that’s usually spelled out pretty clearly in rental agreements), but eviction is only one of… read more →
Banks are getting very cautious about home mortgage loans these days — right up to the closing date. Even consumers with good credit and plenty of cash may find themselves out on the sidewalk if any of these last-minute loan application issues pop up. To make sure you’re on the right end… read more →
The home-improvement shows you see on TV make it look so easy. Buy a complete dump of a house with “good bones,” and presto change-o, turn it into your dream home. The reality, however, is that buying a fixer-upper is some serious work. One option is to hire someone to… read more →
Although any home loan might be the right choice for homeowners of any age, mortgage needs change over a lifetime. Here’s a look at which loans are best-suited to different life stages, including when you’re just starting out, hitting middle age and preparing to retire. Just Starting Out Many of… read more →
The home-improvement shows you see on TV make it look so easy. Buy a complete dump of a house with “good bones,” and presto change-o, turn it into your dream home. The reality, however, is that buying a fixer-upper is some serious work. One option is to hire someone to… read more →
You want to start climbing the property ladder. You want to buy your own home. But there’s just one problem: You don’t have the cash for a 20 percent down payment. What should you do? First, let’s assess your current situation: Are you a first-time homebuyer? Or do you own a home?… read more →
Rent is one of the largest monthly expenses for most people and, as a result, dictates the budgeting process. It’s common knowledge you can get kicked out of your place if you fail to pay (that’s usually spelled out pretty clearly in rental agreements), but eviction is only one of… read more →
Home sellers who receive an abundance of offers might be tempted to grab the highest price and call it a deal. But that might not be the smartest way to choose the best offer of the bunch. A better approach is to consider a variety of factors, including the buyer’s… read more →