As a homeowner (or soon-to-be homeowner), you most likely hear this phrase a lot, “Build up that home equity!” But why build it up in the first place? Home equity is an important financial resource for you that you can take advantage of at a later date. Home equity is the amount of the home’s […]
Making the decision to purchase your own home is a huge choice that should not be taken lightly. There is a lot of budgeting and other preparations you need to undergo to understand how much you can afford to borrow. If you find that you have less than perfect credit or not enough income, consider […]
Owning a home is a huge financial responsibility. If you are not prepared for it, you could face financial hardships, fall behind on your monthly mortgage payments, and even foreclose on your home. Here is what you can do to help you prepare a homeownership budget.
When paying off your monthly mortgage payments, you may have wondered if you can make extra payments each month in order to pay off the mortgage early. But is paying off your mortgage early really worth it? Let us explore the pros and cons of paying off your mortgage early:
Whether you are facing financial difficulty because of unexpected expenses, an illness, divorce, a death, loss of a job or other hardship, you may find yourself falling behind on your monthly mortgage payments. It is essential to make your payments on time because when you entered into a mortgage contract with your lender, you agreed […]