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Is an Adjustable Rate Mortgage Right for You?

Cape or Colonial? Three bedrooms or four? Hardwood floors or wall-to-wall carpet? Use a realtor or handle the negotiations yourself? Make a 20 percent down payment or not? To say that there a ton of decisions to make when buying a house is certainly an understatement. The most important decision to make, however, is choosing… Read More

Buying a Home in 2014? Here’s What You Need to Know

If you’re buying a home in 2014, you need to know what’s happening with home prices, mortgage rules and financing options. Here’s a look ahead at what to expect. Home prices will continue rise Prices rose about 12 percent in 2013. We won’t see such a steep increase this year, but most experts expect to… Read More

Links We Love: New Mortgage Rules Protect American Dream

Taking a look at the best personal finance news, tips and advice from others on the web! This week’s highlights: —New Mortgage Rules Protect American Dream —CFPB Thanks to the CFPB, new mortgage rules went into effect today to help protect homebuyers. Richard Cordray, Director of the Consumer Financial Protection Bureau, shares his thoughts about the… Read More

Links We Love: Why Buying a Brand New Car for a Teenager is a Form of Insanity

Taking a look at the best personal finance news, tips and advice from others on the web! This week’s highlights: —Why Buying a Brand New Car for a Teenager is a Form of Insanity —CashMoneyLife Whether as a first car or a graduation present, Kevin Mercadante gives four really good reasons why a buying a… Read More

What Happens If You Only Make Part of Your Mortgage Payment?

We asked our Facebook fans and Twitter followers to share their most pressing personal finance questions, and this week we’re talking mortgage payments — or more specifically, unintentional partial mortgage payments that end up being reported as a 30-day late payments. John Ulzheimer, Credit Expert for Credit Sesame, weighs-in. “John, I received a notice of… Read More

Today’s Adjustable Rate Mortgage, Good or Bad Idea?

Not too long ago, brokers and agents alike convinced many a financially naïve home buyer to buy a home he or she couldn’t afford on an interest-only ARM (adjustable rate mortgage). The idea was that in a short time, the property value would rise and the owner would thus magically acquire sufficient equity to qualify… Read More

6 Steps to Buying a Home

The decision to buy a home is an exciting one. But the process for buying a home can easily become overwhelming and confusing, especially for first-timers. To guide you through the process, here are six basic steps to buying a home. 1. Check your credit reports and scores Before you start shopping for your dream… Read More