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
As housing prices continue to set new records of unaffordability, there are plenty of good reasons to consider whether it's time to move to a smaller home. Larger houses take longer to clean and have higher maintenance costs. Unless your family … [Read more...] about Is It Time to Move to a Smaller 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
I pulled the familiar looking envelope out of the mailbox knowing exactly what it was. Would it contain good news, or bad? Nine years ago this month we moved into our home. It was at the peak of the housing boom, and mortgage lenders used … [Read more...] about Adjustable Rate Mortgages are Not Evil
Today's article comes courtesy of Ana at DebtFREE-Revolution.com. As you can partially tell from her site's name, she's a spunky anti-debt mom and wife, and is now debt-free except for her mortgage, which I also aspire to be soon (debt-free, that … [Read more...] about Couples in Conflict: Different Money Priorities
Matthew found my article "Can we be a single-income household" and asked the following question: Mike, I read your article about becoming a single income household and I have a question. My wife and I recently had our second child and she just … [Read more...] about Going Single-Income: Help a Reader Make the Decision