A mortgage is a loan that is taken out to cover the value of your home. You then have to pay it back with added interest. Lenders will want proof of your income and may want to know about your personal spending habits, including bills. They will also check if you have any unpaid debts… Read more
Viewing posts tagged with: mortgage
How I built wealth faster
I was talking to a friend recently, about how having kids made him a better worker. He wanted to give his kids the best, and whatever happened, he needed to feed two more mouths each day. He said he had never been making so much money because finding money to cover food, clothing and schooling… Read more
How an FHA 203(k) Renovation Loan Can Extend Your Mortgage
Did you know that the Federal Housing Administration (FHA) insures more than mortgages? One important program is the FHA 203(k) that is an FHA-insured loan that gives homebuyers and homeowners the opportunity to renovate or repair their primary residence and roll the loan into a FHA insured mortgage. Getting these loans requires you to work… Read more
Talking about death: a big money taboo
Talking about death is not an easy topic, and even when you try to bring it up, it is rate people will listen. Everyone thinks they will live forever… until something happens. When I used to work in the corporate world, I was flying about twice a week for the last three years I was… Read more
Finding the Right Loan That Meets Your Need
The most important decision you will ever make (other than who you marry) is buying your first home, or really any home for that matter. The next most important decision is the type of mortgage loan you are going to take out. This might seem minor in comparison, but paying for a house is easily… Read more
Getting a mortgage when you are self-employed
When I knew I was about to quit my job and work for myself full time five years ago, the first thing I thought about was the possibility to get access to credit down the road. I had a good credit score, and had been working with the company for long enough to qualify for… Read more
10 things to note about Guatemalan real estate
Last week, I talked about what $250,000 to $1m can get you on the Guatemalan property market. It was a long post so I split that second part about the specifics of Guatemalan real estate.
Only Take Car Title Loans for These Reasons
Car title loans are a saving grace for many in desperate times. Since it will not help you during a job loss because you have to provide proof of income, other means of obtaining funds would have to be used in that instance. Auto title loans must be on vehicles that are paid off and… Read more
Clicking into place: Are people getting more financial advice from the web?
Today, financial advice is available from all manner of sources. Traditionally, people would head to their local bank or building society to ask for help with anything from buying a house to taking out a loan or saving for the future, but a growing number are looking to alternative sources for handy financial tips such… Read more
If I’m Living Outside of the Country how easy is it for me to get a Home Loan?
These days it’s a lot more common for US citizens to be living and working overseas; if this applies to you it doesn’t mean that you will never want to purchase property at home. You may be looking to have somewhere to stay if you return to the country to visit, or you may… Read more
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