Submitted by hkoltermann on Fri, 01/04/2019 - 14:46
If you are buying a home, it may be the largest purchase you make during your lifetime. You want everything to run smoothly from finding the right house, to having your mortgage approved. You may discover that there is a lot of terminology to learn when it comes to mortgages.
Submitted by hkoltermann on Fri, 01/04/2019 - 11:28
Owning and renting each have their advantages, but what’s best for you depends on your circumstances. Some great things about owning are listed below!
You’ve probably heard the phrase, “pay yourself, not your landlord.” Basically, it means if you own your own home, you can build equity, and eventually, you may be able to sell your home for a profit, or pass it down through generations. As a renter, the equity in the property where you live doesn’t belong to you, and someone else will reap the benefits of the ownership.
Submitted by hkoltermann on Thu, 03/08/2018 - 14:45
Have a Financial Question? Ask us! We will compile the financial questions we receive, big and small, into a blog to be posted on Fridays. Feel your question is silly? No question is silly, but no worries, you’ll remain anonymous.
Email your questions to firstname.lastname@example.org with #moneyminute as the Subject or message us on Facebook!
There are so many credit cards out there. How do I choose the right one?
Submitted by hkoltermann on Thu, 05/18/2017 - 12:49
You can easily determine how much house you can afford by following a few general guidelines:
Your monthly mortgage payment, including principal, interest, real estate taxes and homeowners insurance, should not be more than 28 percent of your gross monthly income (before taxes). This is your housing expense ratio.
Submitted by hkoltermann on Tue, 05/16/2017 - 12:30
House hunting can be the most exciting part of the home-buying process. But you must never let those pretty white fences, or beautiful countertops cloud your judgment. It is an investment, after all...and one of the largest you may make in your lifetime.
While viewing a property, write down and keep a look out for the following: