Pay Off My Mortgage Early?

~ Because not every set of advice will be great for you. But you have options. ~ I Wanted to Pay Off My Mortgage Early, Then I Realized This (Image credit: Apartment Therapy ) Ah, 2009. The year that first-time home buyers in America were majorly incentivized by government funding to get out of their … Continue reading Pay Off My Mortgage Early?

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Wins and Losses in TCJA

How homeowners win and lose under the new tax law What you should know if you’re considering buying a new house this year Alliance Atlantis Vivafilm / Courtesy Everett Collection With prices surging in many areas, buying a new home can seem more attractive than ever. Here’s what to know about the tax implications. Home … Continue reading Wins and Losses in TCJA

3 Doable Mortgage Hacks

3 Totally Doable Mortgage Hacks That Can Save You Thousands (Image credit: Yulia Grigoryeva/Shutterstock) There's nothing quite like the excitement of finding and buying your dream home. You found a home within your budget, set aside a down payment and found a mortgage at a stellar rate. But did you know over the course of … Continue reading 3 Doable Mortgage Hacks

PMI: An Explanation

The Money-Wasting Mortgage Mistake You’re Likely to Make (Image credit: Kristin Duvall/Stocksy) Share Pin It Email 7 Property taxes, homeowners insurance, interest, HOA fees—when it comes to your monthly mortgage payment, your loan's principal doesn't lack company. Still, few of these additional costs and expenses draw as much ire from a homeowner than private mortgage … Continue reading PMI: An Explanation

You Can Use Your Home as Cash

~ Now just because you can doesn't mean you should, if you are thinking about it give me a call or your lender so you can make sure it is a sound decision ~ How to use your home as a source of cash Homeowners are currently sitting on a record amount of cash in … Continue reading You Can Use Your Home as Cash

Soaring rents prompt many millennials to get help from Mom and Dad

Soaring rents prompt many millennials to get help from Mom and Dad The tradition of parents and grandparents offering down payment funds for their offspring to help them buy their first home is nothing new. But what is relatively unknown is the widespread financial assistance given by parents to millennials for rent money, everyday expenses … Continue reading Soaring rents prompt many millennials to get help from Mom and Dad

This is the salary you need to afford the average home in your state

This is the salary you need to afford the average home in your state Before you buy a home, it's important to find out if you can afford the monthly mortgage payment. To do this, some financial experts recommend your housing costs — primarily your mortgage payments — shouldn't consume more than 30 percent of … Continue reading This is the salary you need to afford the average home in your state

Reverse Mortgages

Why reverse mortgages are a harder sell now The millions of Americans who haven’t saved enough money for retirement still have a potential safety net: their home equity. But recent changes to reverse mortgages mean seniors and their families may have tougher decisions to make. Reverse mortgages allow people 62 and older to tap their … Continue reading Reverse Mortgages

Navigating the Mortgage Ecosystem

Navigating the Mortgage Ecosystem Editor's Note: This story was originally featured in the March issue of MReport, out now. Thirty years ago, mortgage origination was a simple process. An application was taken at the local savings and loan branch, documents were prepared within 48 hours, sent to a title company with a note to close, … Continue reading Navigating the Mortgage Ecosystem

Dorm Living for Professionals Comes to San Francisco

Dorm Living for Professionals Comes to San Francisco In search of reasonable rent, the middle-class backbone of San Francisco — maitre d’s, teachers, bookstore managers, lounge musicians, copywriters and merchandise planners — are engaging in an unusual experiment in communal living: They are moving into dorms. Shared bathrooms at the end of the hall and … Continue reading Dorm Living for Professionals Comes to San Francisco