Buying a home comes with a hundred decisions, large and small. And some are easier to answer than others. Do I have time (and patience) for a fixer-upper or should I shell out the extra cash upfront for a turnkey property? How committed am I to a big tree in the front yard? Do I … Read more
You need cash for a down payment to buy a house. But your existing monthly debt payments and credit also affect your ability to borrow, your interest rate, and the lender fees you’ll pay. Which says nothing of financial upsides and downsides to buying versus renting a while longer. So how do you choose between … Read more
Everyone knows that credit card debt is “bad” debt due to the high interest rates on most consumer credit cards, while mortgage debt is often described as “good” debt. But sometimes the distinction between “good” and “bad” debt isn’t so clear-cut. In fact, because of this generalization, some people make the decision to refinance their … Read more
House hunting is a bit like dating. Sometimes, you fall for the wrong person – or the wrong house. It’s not at all unusual to fall head over heels in love with a house that’s way out of your budget. You feel like you just have to have it, so you pull every string you can to get approved for a bigger mortgage. But … Read more
