Buying a house requires a substantial down payment, but the balance of existing debts also affects your budget and the cost of borrowing. So how do you choose between paying off your debts and savings for a down payment? Consider these factors when deciding how to prioritize your savings.
Spring and summer are the peak seasons for home sellers, but a little frost on the windowpanes doesn’t mean you should get discouraged. You can increase your chances of success by adjusting your sales strategy to reflect the time of year. Read on for tips for selling your house in the winter.
If you see a line for “PMI” on your monthly mortgage statement, you’re paying for private mortgage insurance. But what is it actually for, who has to pay for it, and — most importantly — how can you avoid it? Learn about private mortgage insurance (PMI) and how to avoid paying for it.
Buyers can still sometimes score a deal with foreclosures, but foreclosed properties come with their own unique risks and drawbacks as well. Learn about how buying foreclosed homes works, the considerations you should make as a buyer, and the pros and cons of buying foreclosures.
Real estate investors rely on their properties’ ability to generate income. Capitalization rates — cap rates for short — let you compare properties’ income potential and compare different real estate markets. Learn how real estate investors use capitalization rate to assess their potential returns.
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