Building equity in your home can be confusing. Home equity is the difference between what you owe on your mortgage and what your home is worth. To calculate your home equity, subtract what you owe on your mortgage from the…
In the housing industry, there is a lot of discussion about changing interest rates. However, if you focus too much on the rates, you might miss out on the long-term benefits of homeownership. Rates fluctuate, housing prices go through highs…
Buying a home is a significant financial decision that requires careful consideration. It is important not to let common myths hinder you from making the best choice for you and your future. Myth #1: Bigger is always better Stay focused…
Choosing a home is about more than just square footage or the number of bedrooms. It would help to consider several factors when deciding which size house is best for you. Firstly, you must ask yourself if this will be…
Finding your dream home can seem like looking for a needle in a haystack. These essential tips can help when searching for the perfect fit. First, set your budget before you start searching for a home. Setting a price range…
The 43% rule states that monthly housing costs and debt payments should be no higher than 43% of your monthly income. For example, if your household monthly income is $10,000, your total rent and monthly debt payments should not exceed…
Homeownership provides several tax benefits, including the homestead exemption, tax credits, and tax deductions. In this article, we’ll explain the basics of these benefits. However, it’s best to talk to a tax advisor or accountant for more personalized and detailed…
When it comes to purchasing a home, securing the right mortgage is a pivotal step in the process. To ensure you make informed decisions and choose the mortgage that best fits your needs, it’s essential to ask the right questions…
The decision to renovate a house before listing it for sale is a significant consideration for homeowners looking to maximize their property’s value and appeal to potential buyers. While renovating can enhance a home’s attractiveness, it’s essential to weigh the…
Before you embark on your journey to homeownership, it’s crucial to determine how much home you can afford comfortably without straining your finances. Here are some strategies to help you find that sweet spot: How to Determine What You Can…
