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.
The good news for Arkansans is that there are down payment and homebuying assistance programs for prospective homeowners of all income levels. From forgivable loans to low-interest second mortgages to tax credits, programs throughout the state make the dream of homeownership achievable.
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.
Bridget Holcomb, executive director of the Women, Food and Agriculture Network, says that female farmers tend to take a community-oriented approach that also makes it harder for them to secure funding. “We know that, since women are looking at farms that are outside of the box, they’re less likely than their male counterparts to get support,” she says.
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.
The Financial Accounting Standards Board (FASB) made a number of changes to the types of hedging allowed under the new guidelines. The amendment greenlights the use of the Security Industry and Financial Markets Association (SIFMA) Municipal Swap Rate and contractually specified rates in hedges against interest rate changes.
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).
A buydown isn’t just for home builders or developers, but it’s so common it’s often known as a builder buydown mortgage and can certainly take a chunk out of the expenses that come with buying and outfitting a brand-new house.
The costs of home staging range widely depending on whether you do it yourself or hire an expert. You might spend a few hundred dollars on paint, decorative plants, and replacing a few fixtures on your own, or a few thousand on a staging service. The experts we talked to provide practical tips to help seal the deal on selling your home, no matter your budget.
Although higher rates signal a tighter market for both homebuyers and sellers, it’s important to understand the context in which they’re happening and how you can maximize your opportunities even if rates continue to rise.