The HELOC method is essentially you taking a loan to pay off your mortgage sooner. But at the moment, mortgages have one of the lowest interest rates available, unlike other types of loans. A HELOC can work for people with a low interest in personal finance and a history of poor money management. However, investing …
Determine the reason why your wife wants to move. If the new state provides better conditions, bigger pay, better environment for child upbringing, moving is a reasonable step. But if moving puts a greater financial burden on your finances, and the surrounding doesn’t provide many opportunities, isn’t safe or suitable, moving can be a mistake. …
Lately, I have been receiving a flurry of questions around the topic “what happens when one partner owns the house?” The way I have been bombarded with the questions, I realized many people are dealing with these issues and need answers. When you own a house by yourself, you paid your mortgage, or are still …
Purchasing your first home is exciting, overwhelming, and a little scary. As a relatively new homeowner, I’m already thinking of upgrading in the foreseeable future. One of the reasons might be my addiction to multi-million dollar house shows. I often catch myself outlining a long-term plan to afford one of those stunning homes. There’s not …
When asked, most of us have two big goals: buying a house and buying a car. We find these big purchases necessary (most of the time) and consider a house as an investment. Undeniably, not all of us can afford to purchase both simultaneously or even afford to have one on a short-term basis. We …
There’s no greater feeling than buying your first house. But it’s a serious investment that can be overwhelming, especially if you’re not well familiar with the process. The first step toward purchasing a house is determining how much house you can afford. Next is saving for a down payment and getting pre-qualified for a mortgage. …
Buying a home is one of the most significant decisions you have to make sooner or later. Except you have loads of cash to dole out, finding a property is one half of the challenge. The other half of this is selecting the type of mortgage that best suits your situation, especially your finances because …
