Like millions of other homeowners paying more than necessary each month, you can take advantage of current low interest rates by refinancing your mortgage loan. But it’s not always the best decision. Before you can decide, you need to know more about the pros and cons of refinancing.
State and local taxes in the U.S. add up to real money. There’s a huge difference between the highest-taxed states and the lowest. If you’re considering where to set down roots or looking to move to a lower cost-of-living area, read on to learn which states offer the lowest tax rates.
Crowdfunded real estate investments allow you to participate in real estate without needing hundreds of thousands of dollars to buy properties. Real estate crowdfunding comes in many varieties and has advantages and risks. Learn about the major pros and cons here.
Real estate investment trusts (REITs) allow investors to invest in real estate without requiring special knowledge or huge sums of available cash. What is a REIT and what are the pros and cons of investing in one? Read on to learn about these popular instruments and find tips for investing in REITs.
Real estate investors can reduce their taxes through myriad strategies and incentives. But when it comes time to sell, many property owners face sticker shock at their tax bill. These strategies can help you reduce — or better yet, eliminate — your taxes when you go to sell.
There are several ways to tap into your home equity when you need extra money. A cash-out refinance can be an effective source of funding, but it’s not for everyone. Here’s what you need to know about the pros and cons of cash-out refinancing to determine if it’s right for you.
Offering seller financing when you sell a home lets you act as the bank for the buyer’s mortgage. Seller financing may be the only way to sell a unique or difficult-to-finance property for what it’s worth. Is seller financing right for you? Read on to learn about the risks and rewards.
Buying a home comes with many decisions, among them the loan term you want. Should you choose a shorter loan term with higher minimum monthly payments or a longer loan term with smaller payments? Learn the differences between a 15-year and a 30-year mortgage, and the pros and cons of either option.
It’s all too easy to feel alone and ashamed when you fall behind on your mortgage. But what options are available? Before making any rash decisions, take the time to explore all options on the table — because you have more support services available to you than you realize.
Bad credit doesn’t mean you can’t own a home. But the worse your credit, the harder it is to qualify for an affordable loan. And just because you can buy a home even with poor credit doesn’t mean you should. Read on to learn what to consider when buying a home with less-than-perfect credit.
Getting a mortgage to buy a home is complicated. Hearing terms like “preapproval” and “prequalification” makes it more confusing. What do those terms mean, how does preapproval differ from prequalification, and why would you want to be preapproved or prequalified in the first place?
Homeowners face an uphill battle against rising costs that gets steeper all the time. But homeowners do control many of their own housing expenses and have plenty of options to save money — particularly if you get creative. Read on to learn several creative ways to reduce your homeownership costs.