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15-Year vs. 30-Year Mortgage? How to Decide

Chunumunu/iStock Banks offer a dizzying array of mortgage options, and one of the biggest decisions you’ll have to make in the mortgage process is how long your home loan will last. In other words, you’ll have to weigh the pros and cons of a 15-year mortgage and 30-year mortgage. How long are you willing to linger …

Your 2019 Home Tax Deduction Checklist: Did You Get Them All?

utah778/iStock Welcome to your home tax deduction checklist! For homeowners, this kind of guidance is essential in the wake of all the (confusing) changes ushered in by the new tax plan, the Tax Cuts and Jobs Act. The biggest change? The standard deduction jumped to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly. …

Learn Your Home Loan Options Before You Decide to Buy

When you need help understanding the various ways you can finance a home, your lender will be the best resource. But it’s still wise to have an overview of the types of home loans available and how they might fit in with your particular financial plan and your tolerance for risk. Home Loan Options Most risky loan …

5 Simple Tips on Refinancing Your Home

iStock We get it. Refinancing your home can seem stressful—who wants to crunch numbers and talk with lenders when you already have your home? But there’s something more stressful than refinancing your home: leaving free money on the table. Rates, at historic lows earlier this year, have begun to climb and many experts believe they’ll continue …

More Money, More Problems: When a Big Down Payment Could Spell Trouble

frentusha/iStock; Feverpitched/iStock Hey, there’s nothing wrong with making a sizable down payment—if you’ve got the money to support it. Financial experts advocate putting at least 10% or 20% down, and we’ve got to agree: The more you can pay at the start, the easier managing your mortgage will be. But there’s a caveat: Sometimes putting down a ton of cash …

How To Get a Mortgage With Bad Credit (Yes, You Can)

Julia_Sudnitskaya/iStock Finding home loans with bad credit isn’t for the faint of heart—or at least not something you should do without some serious homework. But there’s good news if you’re wondering how to buy a house with bad credit: It can be done! A good credit score typically means you’ll get a great mortgage. A …

6 Tax Myths Even Smart Homeowners Believe Are True: How Many Misled You?

Taxes are confusing enough as it is—throw in the recent Tax Cuts and Jobs Act overhaul, and it’s understandable if you’re flummoxed. But fear not! With all the mayhem and misconceptions flying around this year now that the new tax code has taken effect, we’re here to set the record straight by highlighting the top tax myths that might dupe even the financial …

Get Smart on Down Payments

Chris Gash Picking the right house is just one of the big decisions you’ll face when buying property. Deciding on the down payment is another. Low inventory in some national markets continues to pressure potential buyers into making bigger down payments to gain a competitive edge. But the possibility of rate increases in the coming year and …

Three Essential Steps To Take to Repair Bad Credit

zimmytws/iStock Having bad credit is scary and disheartening, especially if you are trying to buy a home, but it doesn’t have to be a life sentence. Many credit problems can be fixed with time and diligence. When trying to repair your credit it can be tempting to want to opt for a quick fix but …