Purchasing a home is a major endeavor. Potential homebuyers should carefully review their personal finances and understand what mortgage lenders are looking for in applicants. Understanding the following four numbers is critical to obtaining a mortgage. Credit Score A...
Can you change your mortgage loan servicer? The easy answer is no. You’ll have no real control over where your loan might end up. Upon closing a loan, the lender can sell that loan to another company. It’s common that they do, and they don’t...
Though retirees may want to finish off paying their mortgage before retirement, it’s not always the best option to take. Here are a few factors they should consider before making a final financial decision. Downsizing As people retire, they may want to...
Real estate and stocks are two of the most popular choices for investors. Real estate tends to offer a more reliable income, while stocks produce the most potential growth over time. Stocks are known for being an investment option that you can use even if you’re...
Waterfront properties are not only beautiful but also have the touch and feel of taking a vacation. You can categorize them among high-end homes that fetch a high price; hence you should be prepared for the costs. The cost notwithstanding, owning a waterfront property...
When it comes to playing the property game, it’s generally good to try to buy low so that you can sell high. If you’re buying during a recession, though, you may need to think about more than just the price of the homes. In fact, you’ll want to tread...
Though homeowners insurance is a good thing to have—and, for some places, a necessity to have before owning or renting a home in the first place—no one truly wants to use it. If you need to use your insurance plan, then something happened that damaged your home to the...
The cost of homeowners insurance can vary from insurance company to insurance company, sometimes by hundreds of dollars. That few hundred dollars can make or break the bank, especially if you’re financially down on your luck. Before settling down for one homeowners...
Buying a home will be one of the biggest investments you make in your life. Not only is it a large financial purchase, but it’s also a significant life step. Accidents can happen, though, and severe inclement weather can pass through, so having your home protected...
A home is more than just a shelter, and more than a place to call your own. When you purchase a home, you’re making a large financial investment—one that is at risk for vulnerabilities and harm such as extreme inclement weather, injury liability, and vandalism....
