Breaking down insurance terms can be tricky, especially if you’re starting the journey toward homeownership. Most new homeowners and potential buyers have heard of homeowners insurance (HI) and private mortgage insurance (PMI), but it is common to get the two types of insurance confused. While one offers protection against financial loss to the homeowner, the […]
When you’re buying or selling a home in today’s market, getting the best price and saving money is the name of the game. This is one of the reasons why discount real estate brokerages are becoming so popular. But how do these discount brokerages work for you? The typical brokerage fee to list your home […]
Many homeowners struggle with coming up with the traditional 20% down payment when it comes to purchasing a home. Unless you are able to save aggressively or there is significant enough equity in a home you are selling to help cover the expense, a lower down payment is common among American homeowners.
Purchasing a home is a big financial decision, based not only on location and price, but the potential for its value to increase over time. As a property appreciates in value, homeowners have several options for accessing equity – the difference between the mortgage balance and the sell price.
Filing for bankruptcy is sometimes the only viable option to get out from under the burdens of costly debt. While the process eliminates some of the pressure placed on monthly cash flow from too many debt obligations, bankruptcy has a significant impact on one’s overall financial life. It leaves a black mark on your credit […]