by Andrea Reynolds
Do we really need 5 bedroom, 3 bathroom, 3 car garage homes to house our families and our stuff? Put another way, do we really need bigger mortgages if we’re already in debt? Let me [...]
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Talk about being frugal. No rent, no mortgage payment. $100 bucks a year spent on utilities. This is cool. I could see myself doing this someday. Great idea. See the yahoo video Could you do this? Downsize to [...] Selling a home is tough in this housing market and economy. Here are three common mistakes to avoid. Not checking your agent. You need an agressive experienced agent in this market. Consider giving them a bonus to help [...] Dave Ramsey teaches that you can pay cash for a home. But is this really possible? Yes, I think it’s possible if you made a decent salary and had no debt, but it wouldn’t be easy. This [...] A good basic rule is this: 1-2 percent of the value of the home. For example, if your homes value is $100,000, then the estimated yearly maintenance costs would be between $1000-$2000. source: Your Money [...] Like Dave Ramsey says, Broke people should not buy homes. It will be a curse, not a blessing. Here are some tips to help you buy a home. Become debt free. Have 3-6 months living expenses saved for [...] This is happening all across the country, and spreading fast. There are people who can pay their mortgage, but are choosing to stop paying because their home value has dropped dramatically. This is called Strategic Defaulting. If you [...] 100% of the time, a paid for home can’t be foreclosed on. A tax deduction is a bad reason to go in debt for a home. If you have a home with a $900 payment, and the interest portion is around $830 a month, you paid about $10,000 in interest [...] |
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