While refinancing is generally thought of as a good thing, here are 5 reasons that you might want to think twice about refinancing your home.
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Understanding whether or not you can afford a specific mortgage payment — and the rest of the costs that come with homeownership — is an important part of the process. One of the popular rules related to home affordability is the 30% rule.
Concentrate on building an emergency savings account for car troubles, house repairs or other inevitable problems that pop up. Once you have the savings in place, you no longer have to resort to credit cards to pay for these money crunches. A wise amount for an emergency savings is about $1000. After building this type of savings, strive for a larger savings of 3 to 6 months of living expenses.
Read more at http://www.saveonmoney.org/2013/02/basic-money-savings-tips-for-dummies....
Borrowing as much money as possible to buy a home may be the American dream of the past, but purchasing real estate is still a big life goal for many people (not to mention a good investment).
One of the basic tenets of personal finances seems to be this: If you’re going to get a mortgage, you should get a fixed rate. However, does it make sense to get a variable rate mortgage?
The American Taxpayer Relief Act of 2012 extended some popular tax deductions, credits and other breaks for homeowners through 2013. Here are the details of the extended tax breaks.
With home prices still fairly low in many markets, it is little surprise that some think that now is a great time to buy. As you look to buy a home, consider these strategies for getting a better mortgage rate.
With the real estate market pumping out numbers that are at an all-time low, you may be finding that it's time to start house hunting. Now, before you start hunting for that perfect house, there are a few things that you should know before signing that offer sheet.