Real Estate

Everyone wants to save money on the cost of owning a home, but very little people know how to save money on your mortgage.  A large monthly expense that many people can struggle to pay, it’s good to know efficient ways of decreasing your monthly payment so that it’s more manageable, and how to pay off your home loan quickly so that you don’t have years and years left on the term. The Perks of Paying Your Mortgage Early  You’ll own your own home – the sooner you’ve paid off your mortgage, the sooner you’ll own your own home. This helps to give you peace of mind that it won’t be repossessed if you ever miss a payment on it. … Read more

One of the most common parts of the American Dream that millions of people strive for is homeownership, but sometimes it’s not all it’s cracked up to be thanks to homeownership costs. When first-time homebuyers are saving up for a down payment on a home, the other costs related to home ownership that come after you buy the home are oftentimes overlooked because we get so wrapped up in the “saving for a home” part that we fail to adequately prepare for the expenses that come later. The old proverb about the grass being greener on the other side is certainly true when it comes to renting versus homeownership. Rather than focusing almost exclusively on the benefits of homeownership (accumulating … Read more

If you’re in the market for your first home, considering a move to another neighborhood or you want to invest in rental property, it’s important to know the ins and outs of homeowners associations before getting too far along in the home buying process. In a nutshell, a homeowners association (HOA) is a residential community governance organization that creates, implements and regulates rules for properties and residents within the community. If you purchase a home within an HOA community, you cannot opt-out of the membership and must pay HOA fees (typically on a monthly basis). Some people think negatively of HOAs because they’re often perceived as overly controlling and expensive, but there can be many benefits of living in a … Read more