Money Matters

Found 9 blog entries about Money Matters.


No Bad Options: Decide Among The Many Good Mortgage Products Available Today

There is no "right" answer to the question, "Which loan type is best?"

In fact, the best answer is, "it depends".

No two home buyers are alike, so the best loan program for one buyer is likely unsuitable -- or plain unavailable -- to another.

That's why today's home buyer is fortunate enough to have access to multiple programs. It's up to the buyer and his or her lending adviser to make the right call based on these and other questions:

  • Which loan has the lowest monthly payment?
  • What option requires the least amount upfront?
  • What will cost me less over time?
  • Which loan type is suitable for my credit score?
  • How does my income affect the products
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couple free of mortgage payoff worries in hammock

These tips can help you pay off your mortgage every month (and still live your best life!).

Mortgage payment taking a bite out of your budget? Use these hacks to make it easier to pay each month, and speed up your loan repayment in the process.

Your mortgage is likely your largest monthly bill. But if you use the following five hacks, you can make that slice of the pie easier to fit into your budget. You can even save money on your loan and pay it off faster if you use your savings right! Here’s how.

1. Share your space

It’s the ultimate mortgage payoff hack: get someone else to pay the bill for you! It may sound crazy, but it’s possible if you’re willing to share your living space with others in exchange for rent.

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Did your credit score take an unexpected turn for the worst? There's still ways to buy even with bad credit.

By Sam Brannan | Mar 02, 2017 7:12PM  

Are you worried that a low credit score will affect your dream of owning a home? Check out these four tips to buy a house even with a low score.

As much as we may hate it, numbers can determine much of what we’re able to do in life. Just like a high grade point average is necessary to get into the college of your dreams, a high credit score is required to secure a loan on your dream Portland home.

And numbers don’t always reflect your pre-determined qualifications realistically. Similar to how you might be a poor test-taker in school, a one-off financial

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couple studying mortgage rates

It’s important to understand how mortgage rate increases could affect your home purchase — but there’s no reason to panic.

By Laura Agadoni | Feb 08, 2017 11:56AM

Mortgage rates are rising steadily for the first time since the Great Recession. So what does this mean for buyers now and in the future?

Unless you plan to buy your home with cash (lucky you!), it’s important to know what’s going on with mortgage rates these days. The bad news is that they are rising. The good news is that they have been at historic lows since the housing market crashed nearly 10 years ago — and they are still low. But since they probably won’t stay this way forever, let’s take a moment to learn what rate hikes could mean to you.

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sisters sitting on edge of backyard pool home upgrade

If you’re looking to add a pool, don’t forget that you’ll need to operate and maintain the pool yourself, and this comes with a sizable extra cost.

By Paula Pant | Feb 10, 2017 9:30AM

 

Just because you upgrade doesn’t mean you'll profit when it comes time to sell.

If you’re hoping to increase your home’s value (above and beyond the cost of an upgrade itself), you should know that the upgrades you value might not be valuable to potential buyers. In fact, you may never recoup the full cost of some home improvements, and the primary offenders might surprise you!

Five common upgrades with the worst return on investment

  1. Adding a pool
    Pools can be hit-or-miss when it comes to added value. If
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Single Parent Home Buyers: Start Here

When you’re a single parent, it can seem as though the stakes are higher in just about every decision you make, or action you take.

You may have all the family responsibility and little help with the most important issues.

This can make a home-buying effort – a huge project by most people’s standards – feel downright Olympic.

The Single Parent Home Buying Guide acknowledges the special difficulties you may face as a single parent, and helps with your particular challenges.

This includes the decision to buy or rent, minimizing your costs, qualifying for your home loan, and how the entire process works, from start to finish.

Our goal is helping you achieve a successful housing experience for you

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child holding down payment fund

The fastest way to save a down payment? Start now.

By Kali Hawlk | Jan 02, 2017 9:15AM

Need to save $50,000? Here’s how to make it happen.

Thinking about buying a home in the near future? Whether it’s a home for sale in Houston, TX, or Las Vegas, NV, you’ll need a solid savings fund to accomplish this goal. In addition to covering such expenses as closing costs, escrow, and initial payments on taxes and insurance, cash is necessary for a down payment on your mortgage.

Planning to have 20% of a home’s purchase price to use as your down payment is a smart move. It not only makes you a more attractive borrower to a lender, but it also makes you a more reliable buyer. The more money you put down, the less likely

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Take a look at the numbers and see why there are very compelling reasons to choose a mortgage payment over a rent payment.

With rental deposits significantly lower than most down payments — not to mention the costs of maintenance and upkeep to consider — the rent vs. buy equation can seem like a tough one to solve. But while saving up for a down payment, or worries about the cost to maintain an HVAC unit, can be intimidating, the full picture can look much different. In fact, those extensive numbers say something else entirely.

Market conditions and rising rents in areas across the country caused Trulia’s Rent Vs. Buy Report to lean strongly in favor of buying for a large segment of the population. Of course, your decision should be based on

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woman in coffee shop working on how to reduce debt

Once you’ve outlined a clear plan of action, you’ll be able to reprioritize your finances and work to reduce debt.

By Kayla Albert | August 1, 2016

Debt can feel like a messy home after a busy week: You’re intimidated to start decluttering, you don’t know which section to tackle first, and the entire process seems exhausting and even a little impossible. However, just as messy spaces are often conquered faster and more easily than you’d think they could be, it is possible to reduce debt, declutter your finances, and notice the results quickly.

Bonus: The long-term effects of healthy finances can help you save for a new car,

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