How to Help Your Children Buy a Home

With student debt looming and career paths constantly changing, the financial situation for a lot of young adults is tough. If your kids are in their 20s or 30s and still haven’t purchased a home, maybe you would like to help them. For those who can’t afford to give...

Time to Reassess? How to Modify Your Home Loan

By Brooke Chaplan In a surging economy, many homeowners are thinking about updating mortgage loans to better suit their financial circumstances. There are several options to consider as you evaluate the balance of your home loan and current interest rate. Here are...

Why You Should Check Your Credit Reports on a Regular Basis

Financial institutions request copies of credit reports to help them decide whether to approve loan and credit card applications. Reviewing your credit reports regularly can help you correct any errors and better understand your overall financial situation. Find...

Can You Get Approved for a Mortgage if You Have Student Loan Debt?

A large percentage of recent college graduates have student loan debt, often totaling tens of thousands of dollars. While having significant balances might make it harder to become a homeowner, you may still be able to qualify for a mortgage. Factors That are...

Pros and Cons of Prepaying Your Mortgage

Paying off your mortgage early could lead to a sense of financial freedom, but it’s not the right move for everyone. Consider your complete financial picture and check your lender’s policies before deciding whether to prepay your mortgage. Reasons to Make Extra Loan...

Do You Have High Enough Liability Coverage?

Homeowners insurance includes several components. One is liability coverage, which can cover accidental injuries or property damage. Insurance companies offer a wide range of liability coverage limits. You may need more coverage than you currently have to fully...

Improve Your Credit Score Before You Start House Hunting

If you want to buy a house and you’ll need to take out a mortgage, getting your credit score as high as possible should be a top priority before you begin searching for a home. Your credit score will be used to set your interest rate, so be sure to stay on top of it....

Why Your Mortgage Servicer Might Change

Many homeowners are surprised to receive a letter stating that their mortgage servicer has changed. Financial institutions that issue mortgages are permitted to sell loans or to transfer the rights to service mortgages to other financial institutions without...

How Does a Reverse Mortgage Work?

A reverse mortgage is a loan designed to help older homeowners access home equity while using their house as collateral. This can provide financial flexibility and security in retirement, but it’s important to understand the terms. Who Is Eligible for a Reverse...

Avoid These 5 Refinancing Mistakes

If you’re someone who isn’t happy with their current mortgage—whether it’s because you heard of someone having a better rate, you realized the payments are too large or you want to pay your home off quicker, then it’s probably time to look into a mortgage refinance....

Why You Should Avoid Using Credit Cards When Shopping for a House

If you’re looking for a new home, you probably already know that a mortgage lender will consider your credit score, percentage of available credit used and debt-to-income (DTI) ratio. If your score is too low or your credit utilization or DTI ratio is too high, the...

3 Money Tips for New Homeowners

Being in your first home is an exciting time in your life. But coming up with a down payment may not have been the toughest part of it. Aside from buying furniture, painting and decorating, and making those first fixes, you should probably give your finances an...

How Much Money Do You Need for a Down Payment?

Buying a home often requires years of saving for a down payment, which is money that a buyer pays upfront toward the cost of a house. This is the immediate equity that a buyer has when purchasing a home. Unless buying with cash funds, the rest of the money comes from...

Tips for Avoiding Scams

Unfortunately, scammers continue to get more creative in their attempts to trick the general public into relinquishing funds and personal information for nefarious purposes. Here are some important best practices from the Better Business Bureau (BBB) to help protect...

When Can You Negotiate the Price on a Home?

If you’re searching for a home to buy, you probably know by now that a lot goes into that all-important offer you make on the house you’ve finally decided is the one for you. Hopefully, you’ve connected with a professional, informed real estate agent who has great...