Advantages to Choosing a Mortgage (Even When You Could Pay in Cash)

Many financial gurus spend most of their time discussing strategies for getting rid of debt — and that includes creating a plan to pay off your existing mortgage early or to save up enough cash to buy your next home outright. This idea sounds like a good one at first. If you’re interested in buying a second […]

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Is Real Estate Really Passive Income?

Many people think buying a second property for the purpose of renting the unit to tenants or investing in real estate will create a great form of passive income. But the reality can be far different. The majority of people don’t start with a turnkey operation that immediately generates income without the additional investment of time and […]

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5 Things to Look at Before Buying a Home

More often than not when a potential home buyer goes to look at a house, they will overlook many things and focus on what they are looking for in their home.   Because of this, they may end up buying a home that might need to be repaired, and we all know fixing anything home related […]

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Mortgage Lending Has Dropped to a 17 Year Low

At the end of the first quarter, U.S. mortgage lending hit $226 billion—a 17-year low that was last seen in 1997, according to the Mortgage Bankers Association. This came amid increasing interest rates and rising home prices, pushing borrowers away. It also had the country’s two biggest mortgage lenders, JPMorgan Chase & Co. and Wells Fargo, reporting that […]

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Energy Efficient Ideas for Your Kitchen

Many home owners believe that their kitchen is the most important room in their home.  Believe it or not, your kitchen uses 25 percent of your entire home’s energy.  Like most home owners, we are all looking to reduce our energy consumption to help save costs.  The new wave of having a “greener home” helps […]

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Falling Behind on Mortgage Payments? It’s Time to Call Your Lender

Maybe you’ve suffered a job loss. Maybe your spouse was injured and can’t work. Maybe your employer has reduced your hours. Whatever the reason, you’re struggling to pay your mortgage bill on time every month. First, know that you’re not alone. The national economy is improving, but it’s still sluggish. And many homeowners because of this are struggling […]

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Local Amenities That Can Boost Home Value

A home’s value can be determined by several obvious factors like the square footage, layout, condition, age, etc. However, there are other factors that may not be so obvious, but still influence a property’s value. Local amenities within a community can have a considerable impact on how much a property is ultimately worth. Being within a close proximity to […]

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Should You Lend Your Kids Money to Buy a House?

Buying a house requires a minimum down payment between 3.5 percent and 5 percent. And unfortunately, it might take several years to save up for a purchase, which can significantly delay dreams of ownership. However, in an effort to help your children realize their dream sooner, you may decide to lend them money to buy a house. Lending […]

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