By James Hall Nowadays, many seniors are choosing to continue working after they retire. People who work after retirement tend to have more social opportunities and remain more active, as well as keep building their wealth. If you have an interest in real estate, consider the house-flipping business. Understanding House […]
Homeownership
14 posts
By Katie Conroy Buying a home is one of the biggest — and most stressful — decisions many of us will ever make in our lifetime. And for those of us who work as freelancers or independent contractors, the home buying process is made even more stressful — especially when […]
By Katie Conroy Being a first-time homebuyer is both exciting and scary. The financial commitment can be overwhelming, but the benefits of owning a home are many. If you’re considering buying a house in the next six to 12 months but have debt that you need to get rid of […]
I generally discourage taking out a Home Equity Line of Credit (HELOC). However, I was approached by someone that r-e-a-l-l-y wanted one. She had read that it was a great vehicle for increasing wealth. Her question was “should I wait until the primary mortgage is paid?” I understand that there […]
If you are the owner of a rental property, you have probably spent some time thinking about how to maximize the monthly cash flow. Fortunately, there are a number of ways to increase the cash flow status of your investment property. In this post, we outline 5 highly recommended methods. […]
Low mortgage interest rates have created a great opportunity for many homeowners to refinance their mortgages, resulting in lower monthly payments or extra cash to pay off debts. But what about people who have low credit scores and may have trouble qualifying for a new loan? We asked Roslyn Lash, […]
If you are applying for a mortgage loan you need to know what to do, what lenders expect, and what you should expect during the loan application process. Lenders want to know that you have the three C’s: Capability: You have the income to support the mortgage payment Credit: You’ve […]
As an accredited financial counselor, I often hear this question from so-called millennials, or young adults in their 20s and early 30s: “What do I have to do to buy a home?” What I tell them is simple: Your first step is to get pre-qualified. While my advice may be simple, getting pre-qualified does […]
Low interest mortgage rates have given some homeowners the option to refinance their mortgage and free up extra cash, either through lower monthly mortgage payments or a “cash out” refinance in which they borrow against the equity in their home. Homeowners can use this money in a variety of ways, including […]
The process of buying a home can be a intimidating process. However, it can be narrowed down into bite-size steps: Contact a housing counselor for guidance and counseling. Check your credit at http://www.AnnualCreditReport.com. Shop around for the best Annual Percentage Rate (APR). Verify the lender’s required downpayment amount. If you do not have enough, […]