Missing Black Friday is a good thing, especially if you have one of these home-related items on your to-buy list. Black Friday often promises many once-in-a-lifetime deals, but are they really that great? It depends on the product, but you can usually find deals year-round, especially with the explosion of online shopping and e-commerce.
Keep your holiday spending under control, and you’ll avoid the nightmare of year-long debt. Here are some ways to keep your holidays merry minus the maxed-out credit cards. The holidays are a time for friends and family. Over the years, however, they’ve become highly-focused on spending, which can put you in a financial hole for…
If selling other people’s free stuff for cash sounds like a scam, it isn’t. You can start doing it today for some substantial extra income thanks to a specific section on Craigslist. Why would somebody give away their perfectly good items for free? Some will do it to reduce clutter. Others, meanwhile, will do it…
You may know what your credit score is at the moment, but do you know what it means? See the five different credit score tiers so you can see exactly where you stand.
Why do so many people stress over their credit score? Because having a good one can save you big bucks over the years.
Putting down 20 percent used to be the norm to buy a home, not anymore. Rising home prices made it difficult for most people to even afford half that much. To combat a slump in home sales, the industry came up with several programs to keep people buying homes. In this article, we explain the…
The classic Valentine’s Day scenario has befallen us all. The afternoon of February 13th rolls around, and all of the sudden the significance of that day hits you like a ton of bricks—tomorrow’s Valentine’s Day, and you have not done a thing for your sweetheart yet. So you visit your local grocer or drugstore at the 11th hour and grab a dozen roses, some chocolates, and a nice bottle of wine. Chances are you will also see a handful of other forgetful individuals frantically doing the same thing.
While looking into purchasing a home, you’re likely to explore a number of different financing options; throughout your exploration, you may encounter the term “ARM Loan.” ARM stands for Adjustable Mortgage Rate, meaning that the interest rate of a mortgage is not fixed for the entire term of the loan. Instead, the mortgage is fixed for an initial period, once the initial period expires, the rate may be adjusted to reflect movements in an interest rate index with which the loan is associated.
Our country has the largest and most powerful military tradition in the world’s history; comprised of millions of American men and women who, through their bravery and sacrifice, have afforded us the freedoms we enjoy every day. We take pride in our brave service members and offer a wide array of programs designed to benefit and support them during and after their service. One of the most notable opportunities available to military veterans is home mortgage assistance. Becoming a homeowner is an integral component of the American dream; as benefactors of that dream, it’s only right that these heroes are given the opportunity to enjoy one of their own.
Because a home purchase will likely be one of the most expensive purchases you’ll make, how you finance your purchase is one of the most critical decisions you make in the process. There are two main financing options for mortgages: FHA loans and conventional loans.
Everyone loves the idea of becoming a homeowner, but the truth is, it can be one of the most rigorous, at times even invasive processes one can experience. Your finances will be scrutinized; outstanding past debt, bankruptcies, rental history, late payments on an automobile lease- any blemish in your financial history will be brought to the forefront and put under a microscope. As if that doesn’t sound complicated enough, you’ll need to have a sizeable lump sum of money up front as a down payment in order to secure a mortgage for your home. So how much cash do you actually need for a down payment? There are several factors that are taken into consideration when determining how much money you’ll need up front.