Most homeowners assume all types of mortgages have similar terms and conditions. They don't, and when the housing bubble burst in the late 2000's, many learned a hard lesson. There is a huge difference between non-recourse loans and recourse loans. While the terminology is strange, the …
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Is it Worth it to Refinance Your Home?
If you refinance your home, or at least think about it, you’re in good company. The mortgage that you’ve got right now might not be the best you could get, especially if it’s been a while since you financed your home. But a refi isn’t guaranteed, and there’s a lot to consider before you take the …
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Finances & Making Sure You’re Ready to Buy a House
When I saw the article, 10 Questions To Ask Yourself Before Starting The Home Buying Process, I thought it would be fun to answer the questions as I just bought a house and I really wasn't ready. We'd just started researching where to move, and expected to take one to two years from start to …
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Managing the Home Mortgage Process
Getting a mortgage today is much more difficult than it needs to be. At least that's my perspective based on buying my fourteenth house in 2014, meaning I've got lots of experience with the home mortgage process. I just walked away from the first mortgage broker I was working with, a week before …
Let Your Monthly Budget Be Your Home Buying Guide
It’s easy to let the excitement of shopping for a home overtake your more reasonable side. But just because you can technically afford a payment, doesn’t mean you should because it's not much fun being house poor. Your monthly budget is one of the best tools for learning where you stand financially, …
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Debt-to-Income Ratios
CreditKarma.comWhen you apply for a mortgage, your debt-to-income ratios (abbreviated DTI) are an important factor used by lenders to determine how much your can borrow. These limits might be frustrating but the debt-to-income ratios are used to prevent you from taking on more debt than you can …
