Buying a home is a huge economic choice to make in your life. Sometimes it might not be the right choice right now, and renting might be a better option. There are many factors to consider when thinking about buying a home, such as debt, income, needs, and goals. In this article, we will go through each of these factors to determine if it is the right time for you to switch between rent to buy and buy to rent.
Free Ways to Take Care of Yourself
Got the winter blues? Stuck in a funk and don’t want to spend any money? We completely understand and want to help you get out of this rut without hurting your bank account. No need to buy yourself anything to try and bring a smile to your face. Here are 15 ways you can take care of yourself for free.
Differences Between a Second Home, an Investment Property, and a Vacation Home
When buying a house, many people might simply think it is just as simple as that. However, there are many ways homes can differ depending on how you’re going to use them. Whether you want this place to be your primary residence, a house you rent out to make passive income, or a home you venture to when you just want a change of scenery, all these factors can change what kind of mortgage you can get. This article will illustrate the differences between a second home, an investment property, and a vacation home.
Practical Tips Homebuyers May Consider When Saving for a Down Payment
Becoming a homeowner is probably one of the biggest life goals everyone wants to achieve. Not only does owning a home give you a sense of freedom and autonomy, but it can also help increase your wealth. However, raising funds to achieve this dream can feel as challenging as climbing Mount Everest. This article will give you the tools to help make saving for a down payment a reality.
Is it Beneficial to Make a Larger Down Payment? (Part 1)
Down payment is one of the upfront payments we need to settle when taking out a mortgage to buy a home. Deciding how much to put on a down payment as a first-time homebuyer is important as it affects your finances when you buy a home and all throughout the life of your loan.
How Real Estate Agents can be Your Guide
Whether you are looking to move to a new city or a different neighborhood, a real estate agent can be a huge asset in helping you get the home of your dreams. Their expertise, experience, and knowledge will benefit you when looking to start the next chapter of your life. If you’re still not convinced, we have a guide that will show you all the reasons why a real estate agent is a way to go when buying a new home.
Economic Benefits of Renting and Buying
When we all fly out of the nest, we usually land in a rental apartment or room and then upgrade somewhere down the line to buying a home or condo. However, sometimes these options make more economic sense depending on your circumstances. Here we will discuss the economic benefits of renting and buying so you can decide how you want to use your money.
Ways to Start Prepping for Paying Your 2020 Taxes
As we close out the year 2020, it is time to reflect on how much money we earned and give some of it back to the government. That’s right, it is tax season. 2020 was a tough year for many and it is going to be a bit more difficult when the time for filing taxes arrives. That is why it is important to start early and make sure you have all the correct documents. Whether you got a new job, kept your job, or lost your job, we all still have to pay our taxes like the person next to us.
Helping Your Adult Children Purchase a Home
As we approach the new year, it means the spring housing market is peeking just around the corner. Many forecast that the Spring of 2021 is going to be a great time to buy a new home, however, if your children aren’t able to make a down payment or find themselves needing some assistance, a little extra help from family could be an alternative option to support buying their first home. Many Millennials are striving to succeed, yet the current climate makes it tricky to buy a home.
4 Ways to Prepare for Moving Up from a Starter Home
As we transition away from 2020 into the light of the new year, many are considering a move-up from their starter homes. Realtor.com predicts that there will be a housing boom in the spring and summer of 2021, meaning now is a very good time to sell your starter home and look for an upgrade. With many Millennials and Gen Z’ers looking to leave cities for more suburban and rural areas due to working remotely, there will be plenty of demand in 2021. If you are thinking of capitalizing on this upcoming wave of demand, now is the time to start preparing for your move-up.
