A recent survey by Freedom Debt Relief found that many American homeowners are having trouble paying off their homes and wish they would have saved up a bit more down payment money before purchasing their home. The survey polled 1,028 U.S. homeowners who were carrying at least $10,000 in unsecured debt. Unsecured debt includes credit […]
Have your realtor show you comps in your neighborhood to make sure you are not overpricing your home as this can lead to it sitting on the market and becoming a stale listing. Selling your house can be exciting and a new chapter in your life but it is also a lot of work and […]
If you are in the market for a new home and have been preapproved for a big, fat mortgage you may want to step back and calculate what you can actually afford to cover on a monthly basis. There can often be a disconnect between what a homebuyer is approved for by their mortgage lender […]
Brand new home in Carmel, Indiana. A large two-story tan home with a historical house style construction. If your mortgage recently came to an end and you own your home free and clear you may be considering dropping your Indiana homeowners insurance coverage. While losing this monthly bill would certainly be good news this is […]
If you recently purchased a house, one of the first questions you may have when you open your monthly mortgage statement is what is an escrow account and why am I paying money into it every month. Escrow accounts are used to pay your property taxes and homeowners insurance premiums. A mortgage lender usually requires […]
Purchasing a home is a major undertaking and getting a mortgage is one of the first steps in making your dream a reality. Mortgages can be complicated and understanding all of the terms and conditions of a home mortgage can be confusing. We compiled some of the most common questions that new homeowners have about […]
The majority of us need to take out a mortgage to purchase a home and in many cases it will be the biggest loan we will ever have. This makes your mortgage one of your most important financial instruments and making decisions about it can have a major impact on your financial life. Deciding whether […]
The Tax Cuts and Jobs Act was signed into law on December 22, 2017 and rewrites large portions of the tax code for both businesses and homeowners. We thought we would take a look at how these changes will impact homeowners. This article is an overview of the coming changes and is in no way […]
There are plenty of ads on TV touting the benefits of a reverse mortgage, you can access the equity in your home while still living in it, allowing you to have a more financially exciting life. The ads claim the money can be used for travel, upgrades to your home or to simply supplement your […]
A 15-year mortgage is a great way to pay off your mortgage in half the time while also saving yourself tens of thousands of dollars in interest payments. The downside to the shorter mortgage is the fact that your mortgage payment will most likely be close to 50 percent higher than a 30-year mortgage. Roughly […]