It is a situation that reminds me of the villain in the popular Harry Potter films. “He Who Shall Not Be Named.” Well, instead of a, “He,” it’s more of a, “That Which Shall Not Be Mentioned.” Do you know people in your neighborhood, neighbors of many … [Read more...] about How Much of Your Income Should You Dedicate to the Mortgage?
I've been thinking a lot about what it will mean for me to be a homeowner financially and physically as I get older. In a little over two decades, I will be a senior citizen. The average homeowner can pay anywhere between $1,500 to $3,000 a month in … [Read more...] about What Is a Jumbo Reverse Mortgage and Is It Right for You?
I was unfamiliar with the concept of “starter homes,” before I ended up owning. I actually rented two smaller houses before I saved enough money to buy my own house. Who doesn’t dream of home ownership? Owning a home is part of the American ideal of … [Read more...] about Buying a Home Isn’t Always the Best – Here’s When You Should Rent
My mortgage application was rejected the first time I ever applied for one. It was a very crushing experience. A mortgage is usually the biggest investment you can make in your lifetime, and it can be a life-affirming decision, especially as the head … [Read more...] about How to Understand the Loan Approval Process and Get a Mortgage Loan
One of the measuring sticks that many people use to determine if they are successful is the value of their home. Being able to say, I can afford a million dollar home, is a milestone that many would agree in saying represents success. … [Read more...] about How Much Income Do You Need To Afford a Million Dollar Home?
Homeowners refinance their mortgage for a variety of reasons. With a lower interest rate, they may lower their monthly payment. The term of the mortgage could be shortened to payoff the loan faster. Some choose refinancing to cash out equity in … [Read more...] about What To Expect When Refinancing Your Mortgage