Understand how credit scores affect mortgage options for parents and discover strategies to improve your credit score to secure better mortgage rates and terms.
The Impact of Credit Scores on Mortgage Options for Parents Read More »
For many people, buying a home is a milestone that signifies stability and achievement. Unfortunately, a variety of factors have made homeownership a challenge. From having to save for a down payment to building your credit, the difficulties can seem endless. Fortunately, developing a strategic plan can help you join the homeownership club sooner than
3 Home Buying Hacks to Buy a House Read More »
Buying a home can provide an enormous sense of accomplishment, and homeownership is a pathway to building wealth too. But making the leap from renter to owner also carries plenty of challenges – including the responsibility of paying for numerous upfront and ongoing expenses. Naturally, there are initial hurdles, like amassing the down payment and
Hidden Costs of Owning a Home Read More »
Are you ready for homeownership? Buying a home will likely be one of the biggest investments of your life. So you want to get it right – especially when it comes to picking the right mortgage and the right mortgage lender. My new Homeownership Smarts course on Money Coach University will turn you into an
Are You Ready for Homeownership? Read More »
Prospective homeowners often ask me what they can do to buy a home – and get into the house of their dreams quickly. Frankly, not everyone should buy a house. There are lots of rights and responsibilities that go along with homeownership. And as I explain in my book, Your First Home, if you’re not
10 Practical Tips to Prepare to Buy a Home This Year Read More »
If you’re hoping to refinance your mortgage, but are worried about having bad credit, there’s good news and bad news. The good news is that you can get a new home loan, and bad credit alone won’t stop you from refinancing your existing house note. The bad news is that a poor credit rating will
Can I Refinance My Mortgage if I Have Bad Credit? Read More »
Did you go through foreclosure, modify your mortgage, or do a short sale last year and sell your home for less than what was owed to your mortgage lender? If so, you probably got a 1099-C, a Cancellation of Debt, from your lender and you now need to know how to account for that transaction
How to Pay Zero Taxes on Mortgage Debt Forgiveness After Foreclosure or a Short Sale Read More »
Q: I bought a condo in 2006 and my mortgage is more than it should be. I recently married and would like to move into a more spacious house. However, it would be difficult to sell my condo or even rent it for what we pay each month. My mortgage lender doesn’t do refi’s. So
How Can I Move Without Defaulting on my Mortgage? Read More »
When you think about the assets you own, does your house immediately spring to mind? It should, if you made any down payment on the house. That down payment – whether it was from funds out of your own pocket or money secured elsewhere – represents equity in your house. Your equity in a home
Is My Home an Asset or a Liability? Read More »
Excerpted from Your First Home: The Smart Way to Get It and Keep It Proven Strategies to Slash Your Property Tax Bill Almost everyone hates to pay taxes, and it doesn’t matter whether they’re federal income taxes, state taxes, or local taxes on the house you own. Americans dread property taxes more than any other
How Can I Lower My Property Taxes? Read More »
Applying for a mortgage is a major financial step. While a solid credit score and consistent savings will definitely help your application, there are certain mortgage red flags that can instantly reduce your chances of approval—or increase the cost of borrowing. Some are obvious, others are often overlooked. Let’s explore what lenders don’t want to
Red Flags That Mortgage Lenders Hate To See Read More »
