Investment property loans help you purchase homes to rent out for extra income or to flip and sell for a profit. These loans typically have higher barriers to entry than traditional mortgages — and higher interest rates. Always shop around to find a lender that offers the most competitive rental property loans.
Saving money doesn’t always come naturally, even though it’s one of the best ways to stabilize your finances and live the lifestyle you want without going into debt. Apps like Tip Yourself exist to help you become a better saver.
Retirement can be a rich and exciting time in your life — a chance to explore sidelined interests, invest more deeply in your hobbies and travel. It’s also a good time to evaluate your finances and determine how and where you want to live during your retirement years.
One big question homeowners are asking this year is whether interest on a home equity loan is still tax deductible under the new tax law. The answer is yes, but there are more limitations than in previous years.
This mentality often stems from negative early-life experiences and messages surrounding money and success. As adults, people who develop scarcity mentalities often spend money as soon as they get it, fearing the opportunity to buy the things they want won’t come again.
If you’ve been wondering whether you’re eligible for better rates on your mortgage, now may be the time to consider your refinancing options.
Buying a new home can be the experience of a lifetime, and nothing compares to the thrill of finding your perfect house. These insider tips will help you find the perfect house without succumbing to common home-buying pitfalls.
Debt management and debt settlement programs can help you work with creditors to pay off your debts or pay a lump sum that is less than what you owe but still closes the account. Neither option involves a credit check, although both will impact your credit score long term. The two key differences are whether you’re repaying the debt in full and whether the creditor is involved when establishing a repayment plan.
Of all the nightmare scenarios a homeowner can face, having an underwater mortgage is one of the biggest ones. When you’ve purchased an asset you expected to earn you equity and boost your net worth, watching the value drop is both concerning and disheartening. Fortunately, there are steps you can take to improve your circumstances even when your home loan is underwater.
Buying a house is an investment, one that can open opportunities in numerous areas of your life. Not only does it become a home for you and your family, you can also borrow money against the property, creating financial flexibility for a wide range of goals.You can access that flexibility is through a home equity loan (HEL) or home equity line of credit (HELOC).