There are no simple answers to this question. When you buy a house, you incur all types of costs depending on your particular circumstances. Some of those costs could be loan origination fees, title insurance, home warranty, escrow fees, document fees, HOA transfer fees, etc. These are all ... » Learn More about What Would an $80,000 House Really Cost?
Real Estate Finances
I was poking through some of the properties in the Historic Phoenix Districts and I came across one that caught my attention, much like it would many people. Aside from owning your primary residence free and clear and reaping the increasing valuation over time, there are two ways that I can think ... » Learn More about Is That Investment Profitable?
If you're not aware of what a Home Equity Line of Credit is, here's a simple explanation. If you purchase a home for $100,000 and the value increases to $150,000.00 you can borrow money against the value of your home. There are basically two ways to do this. Cash Out Refinance: That's when ... » Learn More about Defaulting on Your Home Equity Line of Credit (HELOC)
This is a very basic explanation of what financing is in the housing world. When someone doesn't have enough money to purchase a good or service, such as a home, they typically look to someone who does who is willing to lend that money to them. In exchange for the use of someone else's money, ... » Learn More about The Beginner’s Guide to Financing
It's all dependent upon the interpretation of the term, "The Right Time to Buy." For a pushy sales person, the right time for you to buy a home may be RIGHT NOW! TODAY! Don't WAIT...can't you smell the steak on this grill? But the truth of the matter is, the right time for you to buy a home is ... » Learn More about The Right Time to Buy a Home May Not Be In A Down Market