You found a home! A rush of excitement and uneasiness at the same time. What’s the timeline and steps to make this a done deal? Your realtor will guide you through the negotiation process on price and basic timing for possession of the home. Once your offer is accepted, and you select a lender, the process typically wraps up start …
The choice of which mortgage loan to go with starts with a simple question: fixed-rate or adjustable? There are many different terms, points, and rates associated with each, but narrowing your search to a category simplifies the process. Fixed-rate mortgages are the more traditional choice. You and a lender agree to a length of time (or term) and an interest …
If you’re looking to sell your home and start over somewhere else, you likely want to see that sale happen as quickly as possible. After all, it isn’t easy to be paying two mortgages at once! You might also be counting on the proceeds of the sale to help make a down payment on your new home. Read on for …
Debt is the wealth killer. Debt is the single greatest threat to your retirement planning, college savings, and financial independence. Except, as it turns out, there is one kind of debt that defies all of these rules: mortgages. The money you owe on real property can be a boom to your financial independence in a lot of ways. Let’s talk …
