DR 095: 5 Places To Keep Your Down Payment When Saving to Buy a Home

Cash

Photo: Phil Romans Saving to buy a home is both exciting and overwhelming. When my wife and I were saving to buy our first home, I thought we’d never have enough for the down payment. But somehow we came up with the money. One of the keys to our success was saving the cash in […]

Published or Updated: August 10, 2014

DR 059: Should You Rent a Home or Buy One?

Rent vs. Buy  Which is Cheaper for You    Trulia Trends

Is renting or buying a home better? How do you determine which is right for you? Is there a basic rule of thumb you can use to make this decision? A reader named Joe recently wrote in asking if it’s better for him to rent or buy. This is a timely question, and it’s one […]

Published or Updated: May 1, 2014

The Best Online Mortgage Calculator. . You won’t believe what it can do

Best Mortgage Calculator

There are an endless supply of online mortgage calculators. Most of the big personal finance sites have. The best one, in my opinion, is one you’ve probably never heard of: Karl’s Mortgage Calculator. You’re probably asking who the heck is Karl? I have absolutely no idea. Well, that’s not entirely true. I’ve emailed Karl from […]

Published or Updated: March 24, 2014

DR 036: 6 Mortgage Tips Every Future Homeowner Should Know

Mortgage Points

This is the twenty-ninth day in our 31-Day Money Challenge. Over 31 days we’ll publish 31 podcasts, each designed to help you move closer to financial freedom. Yesterday we looked at an how one couple built a 6-figure eCommerce business in under a year.. In today’s podcast, we cover the basics of mortgages. Sponsors: The […]

Published or Updated: July 29, 2014

Low Down Payment Mortgages are Back

Mortgage

Shortly after the mortgage crash in 2008, popular low- and no-down payment mortgage options vanished from most of the market. The Federal Housing Administration was left to take on the homebuyers who couldn’t afford to put down a lot of money, many of whom were lower income or buying a home for the first time. […]

Published or Updated: November 20, 2013

How I Bought a House for Next to Nothing, and How You Can, Too

New Homes

My husband and I are in the process of “buying” a home for $0. Not kidding. I’ll admit our circumstances are so strange that seasoned mortgage loan officers scratch their heads. People just don’t get homes for nothing. But I’ve learned it is possible in many areas of the country. Read on to find out how. Our […]

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Published or Updated: November 18, 2013

Pros and Cons of Using a 401(k) to Buy a Home

401k

Recently, a reader asked us about using 401(k) funds to buy a home: “Hello, can you please give your opinion on borrowing from my 401k to purchase a home? The pros and cons? Thanks for your opinion.” Whether you should use your 401(k) to purchase a home depends on a number of factors, but borrowing […]

Published or Updated: November 12, 2013

How Interest Rates Affect How Much Home You Can Afford

Home Seller Tips

The state of the housing market is the talk of the town. Home prices are beginning to rise, and with them, mortgage rates are rising, as well. While interest rates are still quite low, they’re climbing back from the historic rock-bottom they’ve been sitting at since the housing market crash of 2008. But what do […]

Published or Updated: September 4, 2013

8 Tips for Choosing an Excellent Real Estate Agent

Real Estate Investing

Buying or selling a home? You’re about to make one of life’s biggest and most important financial transactions, and you don’t want to go through it alone. A good real estate agent can make all the difference. They will no the market backwards and forwards. They will have a network of contracts to help you […]

Published or Updated: September 7, 2013