If you’re self-employed, you’re probably at least somewhat aware that it’s more difficult to qualify for a home loan than it is for a salaried person. Whether it’s fair or not, lenders generally view salaried incomes as more secure than self-employment. For that reason, you’ll have to come up with a lot more documentation with […]
This is a question that most homeowners face sooner or later. Is it better to renovate or buy a new home? There are advantages in either direction. It’s mostly about focusing on the benefits that most apply to you and your situation. Let’s take a look at both renovating your existing home, and buying a […]
The economy and all measures of financial performance–real estate, the stock market, employment, wages–had an incredible 2017. Hopefully, you got a little piece of that success. Today, I want to help you position yourself for your best financial year ever in 2018. This year is expected and is already showing signs of being at least […]
At a certain time in your life renting may be the best option. It can be less expensive than homeownership. And it can also provide you with mobility that may be important early in life. But sooner or later, the time will come when renting will no longer makes sense. Let’s look at the life […]
Though there are specific ways to price your home for sale appropriately, home sellers sometimes ignore those methods. Not surprisingly, it’s usually a higher price. Sometimes it’s much higher. Though that might seem like the right thing to do, much can go wrong if you overprice your home for sale. The Reasons Sellers Overprice Their […]
Television shows feature people flipping houses and making a tidy profit. As you watch these shows, it’s tempting to think that you can accomplish the same thing. After all, how hard can it be to buy a home, fix it up a bit, and then sell it for more? The reality is a little more […]
You want to remodel your home, but the cost is always a factor. It usually makes sense to make improvements that will result in a corresponding increase in the value of your home. For example, if a $10,000 renovation will add $10,000 to the value of the property, the project makes sense – at least […]
As is usually the case with the arrival of a new year, there are changes happening in the mortgage industry. These include changes in maximum loan amounts, as well as to certain underwriting criteria that affect borrower qualification. On balance, all of these changes are positive for 2018. They’ll enable higher loan amounts, and increased […]
If you have some credit problems, you should improve your credit before applying for a mortgage. The house hunting/mortgage application process is fairly complicated. But it will be much more so if you enter it with unresolved credit problems Here are five reasons why you should improve your credit before applying for a mortgage. Being […]
We all wish we made just a little more money. But sometimes what we really need is some fast cash. So, when you don’t have time to start a side gig or wait for your next raise, here are a few ways to make a little quick cash: Sell Your Unused Items We all have […]