couple homebuying

Buying a House Together? Avoid a Financial Heartbreak with These Tips

A couple in love will show their commitment to each other with an engagement ring. But, the trend has changed these days as many couples seal their love for each other with a set of keys to a newly purchased house. Especially, a good number of Millennials consider buying a home together before getting married as a good financial move. Read More →

mortgage payment credit card

Is It Financially Sensible to Pay Mortgage with a Credit Card?

Many people prefer making payments with the credit card. It appears to be easier and simpler. The bills will be paid on time and you will get reward points in return. Considering these points, it seems lucrative to pay the mortgage installments with a credit card. Read More →

earnest money

5 Times When You Won’t Lose the Earnest Money

In real estate transaction, everything you hear and all the promises made are just words until they are put into a written contract. It does not mean anything when you shake hand with the seller and say that you will buy the house. You want confirmation that the seller will keep the house for a certain period so that you can have some time to collect the money? Deposit cold hard cash in an escrow, which is known as earnest money. Read More →

mortgage alert

Don’t Mess up with Your Mortgage: Avoid Doing These 5 Things

Getting the mortgage approval for buying a home is not only stressful but complicated too. The lender does a complete scrutiny of your financial background and asks lots of questions. There is a lot of paperwork to be done in the process too. A lot of things can go wrong during this approval procedure and screw up the deal. Read More →

down payment vs earnest money

Earnest Money Deposit vs Down Payment: The Differences

When you are in the real estate market, with the intention of selling or buying a home, you will hear many words that you have never heard before. The real estate jargon could be confusing for the amateurs but there are some terms that you should have a clear concept about. Two such important terminologies for buyers and sellers are ‘down payment’ and ‘earnest money deposit’. Is there any difference between them? Let’s do a down payment vs earnest money comparison to give you a better idea of these terms. Read More →

evaluate property value

How to Find Out the Value of Your Home

What is my home worth? No homeowner cannot help but wonder about it at the time of selling the home. Even if you haven’t put it on the market to sell, most homeowners think about it, calculating how much of their investment has been appreciated. Fortunately, there are plenty of ways to estimate the value of your home. Follow these procedures to find out an approximate figure so that there is no confusion when you finally decide to put the house in the market. Read More →

coop vs condo

The Key Differences between Co-op and Condo

Co-ops (short for ‘cooperative’) and condos (short for ‘condominium’) are the types available for the buyers who want to purchase a home in a common building or community. The FHA guidelines allowed financing of condos only in the 1960s. Before that time, all the buildings with more than one owners were co-ops. Read More →

earnest money deposit

Everything You Need to Know about the Earnest Money Deposit

Earnest money is mostly used in real estate transactions. It is a key part of a home buying process, ensuring the seller about the buyer’s commitment to the proposal and providing the latter some time to seek financing and collect the down payment. Both parties jointly hold the deposit in a trust or escrow account. Read More →

joint mortgage filing

Who Gets the Ownership for a Joint Mortgage Filing?

It is not unusual for a couple to file for a mortgage loan jointly. Many couples want a 50/50 split, indicating an equal ownership of the property. Does having your name on the mortgage means you get the ownership? Is it even a good financial decision to put both names on the loan? Read More →

buying or building a house

Buying or Building a House? The Pros and Cons

Being the owner of a house is a major part of the American Dream. But, many people get the dilemma of whether to buy or build a home when they finally gather the money and decide to settle in. There are lots of factors to consider before going for house hunting because it’s a huge financial decision. Unless you are rolling in money, you probably want to consider the perks and downsides of both options. Read More →