This Was the Biggest Mistake I Made When Buying My First Home

The very first time I walked into the house I now call home, I fell in love. It was in a quiet, tree-lined cul de sac where children played in the streets—yet it was only 10 minutes from the downtown core. I couldn’t believe how much space there was: three bedrooms (room enough for possible babies to come), a yard with a deck, a huge finished basement, and even a little lawn where I imagined my husband and I would grow vegetables. READ MORE » Powered by WPeMatico

I Wanted to Pay Off My Mortgage Early, Then I Realized This

Ah, 2009. The year that first-time home buyers in America were majorly incentivized by government funding to get out of their tiny, beige student apartments and invest in their first home. Sounds good, right? So that’s exactly what my husband and I did! As we set off in our home search, graduate students in our early 20’s, we had two pieces of advice from our fantastic and tolerant real estate agent in mind: 1. The only thing you can’t change about a home is where it is. 2. Buy under what you are approved for. READ MORE » Powered by Read More

The 5 Best Sources for Prefab Homes

Want to build your dream home from scratch? Don’t want to wait forever and drain your savings? A prefabricated—or prefab—home is the way to go. They’re built in a factory and transported section-by-section to be assembled almost wherever you please—almost like the IKEA furniture of homes. There are many pro and cons to buying prefab homes, and many ways to go about it. But if you think one of these trendy, durable homes sounds right up your alley, there are many construction companies on the market today that offer prefab options that will suit your needs. Here, some of the Read More

6 Money-Saving Habits to Steal from Smart Homeowners

If you’re a homeowner, the threat of a big, unexpected expense might be keeping you up at night. But if that’s what you’re losing sleep over, you’re not alone. In fact, a recent study from NerdWallet found that the main anxiety shared among homeowners was financing (65%). The simple secret to maintaining a great-looking house without having it drain your bank account? Never falling behind in upkeep. Here, the six things smart homeowners regularly tackle to keep their anxiety levels low, their bank accounts plentiful, and their homes in great shape. READ MORE » Powered by WPeMatico

Can You Save Money by Paying Your Mortgage Biweekly?

Tell me if this sounds familiar: It’s the first of the month, your humungo mortgage bill is due, and you just have enough money in your checking account to cover it, since you were last paid… when? Maybe it was 11 days ago? Guess you’re eating pasta for every meal and staying in until that next paycheck comes in. READ MORE » Powered by WPeMatico

3 Things You Need to Know About Mortgage Fraud

Real Talk: The chances that you could commit mortgage fraud unknowingly are minimal. The industry has become much more highly regulated in recent years to prevent issues like this. READ MORE » Powered by WPeMatico

Money Mistakes That Will Make it Really Hard to Buy a Home One Day

The real estate process begins well before you make your short list of dream homes and start attending open houses — and it can end there, too, if you’re not prepared. READ MORE » Powered by WPeMatico

You Have To See This Miniature Kitchen Get Remodeled

It’s no secret that we love a good before and after. A recent ad for financial startup SoFi walks us through a kitchen renovation—on a smaller scale than even we are normally used to. READ MORE » Powered by WPeMatico

This Ranch Featured On Fixer Upper Just Had a Price Reduction

While some folks just cannot get enough of all things Fixer Upper and Chip and Joanna Gaines, others are cooling on the couple and their Magnolia empire in Waco, Texas — including, it would appear, local home buyers. A few years ago, after Fixer Upper was well into its third season, each real estate listing for a home featured and fixed up on the show could command a bidding war, but now the same or similar inventory sits on the market, even seeing reductions in price. READ MORE » Powered by WPeMatico

Mortgage Rates Are Rising, Ready to Quietly Crush Your Homebuying Dreams

The average interest rate on a 30-year fixed-rate mortgage has surged past 4.28% this week to its highest point in years, according to CNBC. That’s bad news for home buyers, because even a small rate increase can be enough to push an already difficult-to-afford house completely out of reach. READ MORE » Powered by WPeMatico