Archive for February 2021
Top Tips for Saving for a Down Payment on a House
Are you trying to save for a down payment on your dream house? A bigger down payment can make it easier to obtain a loan and reduce your monthly mortgage payments. If you’re trying to save for a down payment, consider these strategies: Set a down payment goal. It’s easier to save if you have…
Read More15 Small Moves That Can Lead to Big Savings
Most of us would like to establish an emergency fund or pay off student loans. Big goals are great, but they can also be intimidating. There are small steps that nearly anyone can take to lead to big savings. Small steps are more comfortable and believable. For example, a moderate diet is easier to follow…
Read MoreShould You Pay Off Your Mortgage Early?
If you’re paying a mortgage, at one time or another you’ve probably thought about what it would be like to pay it off. You’ve likely dreamed about living the life you desire, unfettered by the ball and chain of having to pay your loan payment every month. Before you make a decision, however, take a…
Read MoreConsidering Getting a Loan? Learn About Home Equity Loans
Home equity loans are quite simple to understand. It’s a loan that is secured by the equity that exists in your house or condominium. If you’ve ever heard the term “second mortgage,” you’re familiar with home equity loans. Home equity loans can be a great way to tap into your equity and put that value…
Read MoreAvoid These Mortgage Mistakes in Your Quest to Save Money
Although your mortgage can provide you with many avenues to save money, it’s wise to be aware of common mortgage mistakes. When you’re considering doing anything to alter how you establish and pay your mortgage, avoid the following hazards: Adjustable Rate Mortgages, known as “ARMs.” Although an ARM might save you a lot of money…
Read More7 Credit Score Destroyers
Your credit score not only determines whether or not you can get a credit card, mortgage, or auto loan, it’s also a critical factor in determining the interest rate you have attached to those items. A low credit score can cost a lot of money over your lifetime. Not everyone is aware of the many…
Read MoreThe Hard Facts About Fixed and Variable Rate Mortgages
In the realm of mortgages, a fixed rate mortgage is considered to be the perfect little princess. And, a variable rate mortgage is often thought of as the wicked stepsister. While variable mortgages can be detrimental to some, they can provide the most benefit for many others. The same logic applies to fixed rate mortgages. …
Read MoreHow to Pay Off a Mortgage Faster
Owning a home is clearly number one on the wish list for many of us. However, owning a home outright is a close second. From a financial perspective, paying off your mortgage faster is a smart move. Being mortgage-free allows you to decrease your monthly expenses dramatically and enables you to finally give your retirement,…
Read More9 Steps to Take Before Buying Your First Home
Are you planning the purchase of your first home? Buying a house is a major decision because the house will soon become one of your main financial assets. Plus, you’ll be making mortgage payments for at least ten years. Take these steps before you buy: Ask yourself if you’re financially stable. Have you had your…
Read MoreAre REITs the Right Investment for You?
Many people dream of investing in large apartment buildings, shopping malls, and commercial office space – yet few have the necessary funds and expertise for such investments. Real Estate Investment Trusts (REITs) are one way the average person can invest in large and expensive real estate properties. An REIT invests in properties that produce income;…
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