HOAs can be a great benefit—and selling point—in terms of reduced labor on your part and amenities, as long as you don't mind abiding by a few rules in return.
It might sound strange, but not all debt is 'bad.' Certain types of debt can actually provide opportunities to improve your financial future. Before you make any decisions, you need to understand the difference between 'good' and 'bad' debt, and how you can manage it. Check out this infographic and find out everything you need to know when it comes to all types of debt.
Recently retired, you've sold your home at the top of the market, you're flush with cash from all the home equity you've realized, and now but one question remains: Where are you going to live next?
Lenders use LTV to convey the maximum amount of money they're willing to lend to the borrower and how much money in the form of a down payment they expect the borrower to contribute.
Typically, the lender approves your loan application based on conditions, meaning you have to satisfy certain requirements before your loan is fully approved.
To make decisions about your money, you need to know where it goes. The best way of doing this is to keep a money diary for at least a week and, preferably, a full month.
Debt is one of those things that can be both hard to live with and hard to live without. Many of us choose the former. The average household carried $137,063 in debt (including mortgages) last year.
What does open escrow mean? Opening escrow is quite simple. It involves going to the escrow or title company and handing over a deposit.
There's a perception that buying a home requires a 20% down payment, but the reality is far different. Learn more about home loan options.
Ever wonder how life might be better as a homeowner? From taking control of your finances and investing in your future, to improving your day-to-day quality of living-there's a lot to love about being a homeowner. Take a look at these 50 benefits homeownership could offer you.
Smart Moves Start Here.