20
Feb 19

Eleanor Roosevelt’s Charming Manhattan Townhouse Is Selling For $13.5 Million

After a long hiatus, Eleanor Roosevelt’s stately townhouse in New York City‘s Upper East Side, where the former First Lady resided is back on the market—for a cool $13.5 million.

READ MORE »

Powered by WPeMatico


18
Feb 19

This Is What Happens to Your Credit Score When You Only Use Your Debit Card

Maybe you’re afraid of racking up too much debt. Or, perhaps you fall into an “anti-credit card” category who loathes the potential of paying interest. It could just be that your debit card is at the front of your wallet and, by default, gets swiped far more than your credit card.

Whatever the reason, if you rely solely on your debit card for purchases—and, as a result, snub your credit card—you may have wondered how it affects your credit score—especially if you’re staying away from it in order to save up more cash for a down payment on a home. We asked financial experts to explain what happens when your credit card is idle, or doesn’t get used at all. Here’s what they have to say:

READ MORE »

Powered by WPeMatico


17
Feb 19

7 Money-Making Apps to Download Right Now

Coming up with a down payment for your first home is no easy task. In fact, according to a recent study from HotPads, renters spend about six and a half years saving up before they have enough. (I personally predict I’ll be eligible for AARP before I could build up a nest egg hefty enough to become a homeowner.)

Finding clever ways to cut back and save everywhere you can is helpful, but at a certain point, you may realize that you simply need to rake in more dough. Short of getting a surprise promotion, negotiating a raise, or planning a Met Ball heist with seven of your smartest friends (please don’t do that!), is there anything you can do to pad your bank account?

Yes! Enter the “side hustle.” Unfortunately when it comes to saving for a big goal like a down payment, nine to five alone might not cut it. But these days, getting a side gig can be as easy as downloading an app on your phone.

If you’re strategic about your side hustle, it can be a great way to stash away extra cash for a down payment to make your homeownership dream a reality.

Before you dive in, take stock of a few things, says Emily Boothroyd, a Certified Financial Planner and private wealth advisor at Price Financial Group in Wilton, Connecticut. First, make sure that your side gig will not interfere with your main job, the one that you’ll likely depend on for the bulk of your housing payments. She also advises you consider any potential risks associated costs with your side gig (i.e. upping your auto insurance to drive for a ridesharing app) so you don’t spend more than you save.

Another factor to keep in mind? Make sure your extra earnings can be documented on a mortgage application, since your total income can affect the amount of the loan you’re approved for.

“Lenders look to a borrower’s last two months’ bank statements and any inconsistent or large deposits would need to be explained,” says Richard Barenblatt, mortgage specialist at GuardHill Financial Corp. in New York City.

Once you’ve got all that covered, it’s time to start hustling. Here are seven app-based side gigs that will get you one step closer to securing a down payment:

READ MORE »

Powered by WPeMatico


16
Feb 19

Pool Your Funds: This Canadian Home Comes with a 2,000-Bottle Wine Cellar

It’s not just the promise of Tim Hortons coffee and milk in a bag that could bring us north of the border. This sprawling Canadian estate could easily do the trick, too!

Tucked inside the exclusive gated community of Stonepine, this 4,135-square-foot home is a contemporary Canadian beauty… and it could be yours, if you’re willing to bring your bidding A-game: The property will be auctioned off by Concierge Auctions starting February 26. Seeing as it was previously listed at $2.495 million CAD, we’re guessing it won’t have much trouble selling this time around.

READ MORE »

Powered by WPeMatico


16
Feb 19

High Ceilings Are Totally Overrated​—Here’s Why

It’s not hard to see why high ceilings are highly-coveted real estate assets: Being typically found in pre-war homes, they give a historic feel and evoke a sense of grandeur. After all, a chandelier looks a bit more stately hanging from a 18-foot ceiling than an eight-foot one.

They’re not just impressive looking, either. Tall ceilings also make spaces look and feel bigger than they actually are—a nifty trick in otherwise small apartments.

But such great heights often come with unanticipated inconveniences. According to Caroline Bass, a real estate agent with Corcoran in New York City, high ceilings aren’t all they’re cracked up to be. Here are four reasons she says this architectural indulgence usually ends up being less-than-luxurious for homeowners:

READ MORE »

Powered by WPeMatico


15
Feb 19

7 of the Realest Tweets About NYC and Amazon’s Dead HQ2 Deal

Nothing is more shocking than being broken up with on Valentine’s Day. New York City knows this more than anyone right now, as the news that Amazon pulling their HQ2 out of Queens is splashed across the headlines.

READ MORE »

Powered by WPeMatico


14
Feb 19

The Hot New Trend for Married Couples? Roommates

It’s not unusual to live with a roommate to cut down costs. Hey, life is expensive! But 2018 demonstrated that an unlikely population is taking on roommates in order to make ends meet: married people.

READ MORE »

Powered by WPeMatico


11
Feb 19

This Is How Much My Actual Mortgage Costs Each Month

Any renter with an internet connection and a passion for painting the walls dark green (or black or maybe just wallpapering a bit) can attest to the bit of confusion you feel when first encountering a mortgage calculator or payment estimator online.

READ MORE »

Powered by WPeMatico


09
Feb 19

Real Estate Rom Com: Three Sisters and a Stately Victorian

In honor of love, February, and gorgeous real estate, I put together another Real Estate Rom Com featuring this stunning home on Sotheby’s International Realty.


EXT- STATELY VICTORIAN HOME, FRENCHTOWN, NEW JERSEY

A minivan turns a corner and pulls into the driveway of 49 Kingwood Ave. FAMILY FOCUSED SISTER takes a big gulp of her very big coffee as she pushes her even bigger sunglasses to the top of her head. She glances at herself in the rearview mirror, where did the time go? She thinks.

READ MORE »

Powered by WPeMatico


09
Feb 19

Here's What You Can Get for Under $350,000 in 5 Major Cities

In many locations across the country, having a $350,000 budget to buy a home will get you some pretty nice digs, but when you’re looking in some of the big cities that stack of cash can translate into what some people may consider a college dorm room. Interested in seeing just how far your dollar stretches in the five major cities? I asked real estate pros to show their best properties in the price range—here’s what’s on the market:

READ MORE »

Powered by WPeMatico