With today's low interest rates, does it make sense to build equity fast or try to pay off a mortgage?
Burning the Mortgage -- An Outdated Goal?
There was a time, not so terribly long ago, when the goal of every homeowner was to have a "burn the mortgage" celebration. But that was when buying a home seemed more like an end goal than home ownership is today. That was also during a time when having the security of a home for old age and future generations was simply "what was done."
Today, owning a home "free and clear," is almost a negative, because it requires cash reserves for taxes and insurance, even
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When the time comes to buy a home or condo, it's very important to buy the right type of property for your needs. Some buyers will be happiest in a single-family home, others in a condo or a townhouse. Knowing the differences between the different types of properties can help you decide what type of property is right for you.
As the owner of a farm, you may already understand the particular challenges involved in selling larger tracts of land. Not only is the buyer pool for farms much smaller than for other types of real estate, but the property can also be harder to reach.
If a home has a fireplace, it likely has a chimney. And if it has a chimney, the homeowner needs to know about chimney maintenance and the problems that may arise. Many homeowners who own a home with a chimney don’t put much thought or effort into it and don’t realize when their chimney has problems that need to be fixed. Here are some of the problems that can occur and some other things homeowners need to keep in mind if they have a chimney and want to help ensure it stays in fine condition.
By now you already know that there's a lot you can do to boost curb appeal and stage your home to make it more appealing, and these small investments can bring in big returns in the form of a quick sale and great price. But what about the structure of your home itself? It's often too costly to make major architectural changes, but there's a lot you can do to fake it.
Selling your home under any circumstances can be stressful. But selling a home with kids can potentially bring about an entire level of stress you never thought possible. Luckily, it doesn't have to be that way. You just need to implement some kid-friendly steps that will make selling your home with kids a breeze.
When you are applying for a home loan, it's important to have everything just right. Errors made before or during the process can result in a higher interest rate or not getting approved for a loan that you otherwise would have gotten.
Selling a home in a buyer's market can be a difficult situation for those who can't afford to wait to sell their homes until the market turns around again. But sellers do have options when it comes to getting better offers. While they may not get the exact sale price they were looking for, they may be able to get closer if they master the following tactics for their home sale.
When a buyer is getting ready to attend their first Open House, it helps to begin eliminating choices whenever and wherever possible. Buyers should see a variety of homes before they make their decision of course, but if they see too many, they're likely to become overwhelmed by the end of the process. One thing a buyer can do is learn how different types of construction will affect their homeowner's experience. Stick and mason-built homes share similarities in terms of size and sometimes even look, but their construction process is very different. Learn more about the respective techniques and advantages of each one.