Posts by Kevin Mercadante

Kevin Mercadante is a freelance professional personal finance blogger, and the owner of his own personal finance blog, OutOfYourRut.com. He has backgrounds in both accounting and the mortgage industry.

When it Makes Perfect Sense to Do a Cash-out Refinance

Strictly speaking, doing a cash-out refinance is a form of “equity-stripping.” That’s what it’s called any time you borrow money against your home for a purpose that is not related to the property itself. There’s no question that equity stripping can lead you to a bad place. But there are times when it makes perfect […]

Keep Reading

Why a Home is Probably Still Your Biggest and Best Investment

While there’s much discussion about building wealth through retirement plans or investing in stocks, a home is probably still your biggest and best investment. That certainly true for the average household in America. Yes, there is the potential to accumulate significant wealth in retirement plans and stocks. But the reality is that a home is […]

Keep Reading

The Pros and Cons of Making a Minimum Down Payment

If you’re a first-time home buyer, you probably expect to make a minimum down payment when you buy a home. But there are pros and cons of making a minimum down payment, and you should be aware of them before you make your purchase. The Pros of Making a Minimum Down Payment Enabling You to […]

Keep Reading

Why You SHOULD Buy a Home in the Winter

A few months ago, I wrote a similar article Why Fall May Be the Best Time to Buy a Home, and that was true for all of the reasons stated in the article. But you know what? It’s even truer in the winter. That’s because all of the factors that make fall an excellent time […]

Keep Reading

Questions Employers Aren’t Allowed to Ask in a Job Interview

If you’re on a job interview and you’re being asked questions that are making you uncomfortable, it may be more than just a bad interview. Certain questions are illegal, and an interviewer is prohibited from asking them either directly or indirectly. Interviewers are usually trained in which questions they can ask and which they can’t. […]

Keep Reading

Self-Employment and Buying in HOA Neighborhoods – What You Need to Know

Neighborhoods that have Homeowner’s Associations (HOAs) present a special challenge for the self-employed. Depending upon what type of business you operate, you may find HOA neighborhoods to be something less than welcoming. In a worst-case scenario, it can even turn into a legal confrontation. That’s why you need to know exactly what you’re getting into […]

Keep Reading

How Will the Trump Tax Proposal Affect Homeowners?

On September 27, 2017, President Donald Trump proposed sweeping income tax reform. If enacted as presented, it will be one of the biggest changes in the US tax code in history. There are provisions in the proposal that also specifically affect housing and homeowners. What are the main changes proposed, and how will the Trump […]

Keep Reading

How to Begin Saving Money if You’ve Never Been a Saver

The biggest hurdle for a non-saver is just getting started. You can cook up all of the various savings strategies that you want, some of them brilliant, but none of them will move you forward if you can’t take that first step. That point should never be underestimated. Some people seem to be “natural savers”, […]

Keep Reading

Should You Accept a Job with a Start-up Company?

A job opportunity comes your way, and it looks like one of those once-in-a-lifetime opportunities. But it’s with a start-up company. Should you accept the job? It’s virtually impossible to generalize when it comes to start-up companies. Some people have taken such jobs, and it’s paid off handsomely. They may have even become millionaires as […]

Keep Reading

Should You Be The Stay-at-Home Parent?

This question is becoming increasingly important in an economy where both spouses work. But once a child comes along, hard decisions may need to be made. It may be that the cost of daycare and other expenses practically require that one spouse stay home. But if that’s the case, which spouse should be? Historically, the […]

Keep Reading