Tag Archive: personal finance

What is a mortgage-backed security?

September 19, 2014 by Leave a comment

If you took out a mortgage loan to pay for your home, the odds are high that your mortgage is backing up a publicly traded security. This sounds complicated. But mortgage-backed securities are actually a common and important investment type today. Here’s how the process usually works: First, a homeowner takes out a mortgage from... View Article

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Increasing Home Value Part 1: 3 Projects to Instantly Add Value to Your Home

August 21, 2014 by Leave a comment

Homeowners constantly seek out new ways to build value to their homes. But adding value can come at a high price. Renovations and upgrades are expensive, and not all home projects promise a return on investment in the form of increased equity. Property owners on a tight budget need to pick and choose which improvements to make... View Article

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Advantages of Renting

August 14, 2014 by 1 Comment

In a previous article we discussed the benefits of home ownership, now we will focus on the other side of the coin.  Buying a home is not for everyone, and that is perfectly fine as renting has many of its own benefits.   Many people think that renting is a waste of money, and that is... View Article

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Cons of Borrowing from a 401(k) to Buy a House

May 20, 2014 by Leave a comment

You might be excited to purchase a new home, but after learning that your lender requires a down payment, you might postpone your plans. The truth is, down payments are a major roadblock to buying a home. Currently, conventional mortgages require 5 percent down and FHA mortgages require 3.5 percent down. Although these percentages are far less than... View Article

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