Tips & Advice

Understanding the ‘Short Sale’

If you’re searching for your next home and have come across listings for “short sale” properties, you may be wondering what that means. In layman’s terms, when a seller’s debt on a home surpasses the property’s market value, they may choose to avoid foreclosure by selling their home as a short sale. This requires bank approval, ... More

Pro Tip: Consider Your House Purchase A Five-Year Commitment

If you’re thinking of buying a home, the financial side of the equation is probably foremost in your mind. After all, buying a house is likely the largest single financial transaction you’ll make in your lifetime. However, there’s another important consideration, too, and that’s the time commitment you’ll need to make in order to ... More

Having Buyer Anxiety? Try Rent-To-Own

If the thought of purchasing your first home brings on anxiety about the responsibilities, financial and otherwise, you’re not alone. In fact, many first-time prospective buyers struggle with making the commitment. After all, a home is likely the most meaningful – and most expensive – purchase you’ll ever make, so it’s natural to ... More

Chances Are You’re Making A Home Finance Mistake

If you are one of the millions of Americans working to save for a down payment on your first home, you know that it can often feel like an uphill battle. Experts say, however, that avoiding the following common money mistakes can increase your chances of accomplishing your goal: Thinking in terms of a “monthly” budget Recent studies ... More

The New Year Is A Great Time To Review Your Credit Report

Aside from health and fitness intentions, financial goals are the second most popular New Year’s resolutions topic. Credit counselors recommend reviewing your credit report at least once per calendar year to ensure this all-important picture of your financial health remains accurate, and there’s no better time that the beginning of a new ... More

How To Pay Off Debt And Still Save For A Down Payment At the Same Time

Many a prospective homeowner has been frustrated by long-term debt that seems to quash any hope of saving enough for a down payment on a home. In fact, among renters who wish they could own a home, debt is cited as the number one roadblock to doing so. Debt payments, especially of the high-interest variety like credit cards, can eat up a ... More

Savvy Buyers Don’t Settle For The First Mortgage Loan They’re Offered

When it comes time to buy a first home, most buyers will consult a familiar lender, like their local bank, for a mortgage loan. Although that can simplify the process, it will rarely yield the best loan option. For optimal results, consumers should go “mortgage shopping” and meet with at least two lenders before making a decision. ... More

Three Important Reasons To Just Say ‘Yes’ To A Home Inspection

Buying a home is a costly endeavor, and many a prospective buyer will look for opportunities to save a few dollars throughout the process. Skipping the optional home inspection, however, could have negative consequences that far outweigh several hundred dollars in savings. Although it’s not required by law, here are three reasons to insist ... More

Negotiation Tactics For Landing That Dream Home

The most intimidating part of the home purchase process may be negotiating the sale price with the seller or the seller’s agent. If you’re working with a real estate agent, they will likely do quite a bit of the “dirty work” of negotiation. Still, it’s wise to understand negotiation tactics to ensure you’re getting the best deal ... More

Dispelling The Myth: Why You Should NOT Pay Your Mortgage Off Early

For many Americans, owning a home outright is still an important milestone in their personal financial journey. That’s why so many homeowners work to pay their mortgage loans off early. While a home is certainly a valuable financial asset, however, some experts believe paying a mortgage off early will hurt a consumer’s long-term financial ... More