The Money Mentor

Return to Blog Roll

Posts in Housing

6/2/17  Housing
Is an adjustable rate mortgage (ARM) right for me?

Though common wisdom may be to opt for a slow-and-steady 30-year fixed mortgage, many home buyers may find greater value in an adjustable rate mortgage (ARM). 

Read Full Article
4/15/17  HousingSmart Spending Tips
How to increase your home’s value with your next big improvement project

Money invested in maintaining and upgrading your home generally comes back to you, at least in part. According to the 2017 Cost vs. Value Report from Remodeling magazine, homeowners can expect an average of 64.3 cents on the dollar in resale value gains for every dollar spent.

Read Full Article
2/25/17  HousingSmart Spending Tips
Is it time to stop renting and start owning?

If you (or your kids) are trying to decide whether to keep on renting or to buy a home, you need to carefully weigh the costs and benefits of each option to make a smart, informed decision. Many factors go into calculating the value of renting vs buying – it’s not just a simple comparison of the cost of rent and the cost of a mortgage payment. There are less obvious factors, along with intangible benefits and drawbacks of each option to take into account.

Read Full Article
1/30/17  Housing
Tips for setting up an Airbnb to earn extra money

Rental platforms like Airbnb offer a unique opportunity for entrepreneurial homeowners and renters to earn some extra cash. If you’ve ever thought about putting your pad on the short-term market, consider these points to help you get started.

Read Full Article
1/4/17  Housing
Mortgage 101: What’s the difference between prequalification and preapproval?

Homebuyers are often confused about the difference between being prequalified for a mortgage and being preapproved for one. Get the scoop on what these terms mean and how the two processes differ. 

Read Full Article
10/28/16  Housing
6 tips for finding your first apartment on a budget

Renting your first apartment can be both exciting and overwhelming. Check out these tips so you know what to do before signing a lease. 

Read Full Article