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Are Adjustable-Rate Mortgages A Safe Bet?

iStock Adjustable-rate mortgages are certainly tempting, with their low introductory interest rates, but we’ve all seen their downside in the recent housing crisis. The good news: An adjustable-rate mortgage, or ARM, isn’t all bad; in fact, they can work well for many homeowners. The secret is in understanding the facts about adjustable-rate mortgages—as well as the potential …

Skip Credit Repair Clinics, Do It Yourself Instead

When you’re planning on buying a home, your credit score will have a big impact on your interest rate and loan terms. If your score falls on the lower end of the scale, you’ll pay a higher interest rate. Dip too low, and you may not get approved at all. Boosting your credit score can …

How Do Lenders Determine Your Interest Rate?

When you apply for a loan, you need to submit a ton of documentation and answer a bunch of questions from your lender. Turning over all this information about your personal finances and financial history may seem intrusive, but it makes sense: The lender needs to gather all the information they can to decide on the interest rate for your loan. …

Same-Sex Couples Face Taxing Questions When Owning a Home

Same-sex couples who want to purchase a home together face widely varying laws and tax requirements from state to state that can result in a legal morass. “This is the price of making some advances toward marriage equality,” said Prof. Anthony Infanti of the University of Pittsburgh School of Law, who specializes in tax issues and …