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When deciding how to finance or refinance your home, you need to explore all options. Read about tips to help you choose between an adjustable or fixed rate.
Credit cards? A home equity loan? Understand your options for financing home projects before you get started.
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).
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.
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.
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.
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.