The Risks of Buying a Fixer-Upper

The Risks of Buying a Fixer-Upper What does it mean to buy a home as-is? If you buy a house "as-is" you are usually getting the home at a lower price, but you could potentially end up repairing or doing work that would have been ordinarily completed by sellers. Buying a home as it is can require a c

Can You Afford a Second Home?

Can You Afford a Second Home? Some homeowners are lucky enough to wonder "Can I afford a second home?" Whether you are just curious or are in the early stages of considering buying a vacation home, let's go over how someone can afford a second home. What will you use the second home for? There are t

Should I Get a Reverse Mortgage or a Home Equity Line of Credit?

Should I Get a Reverse Mortgage or a Home Equity Line of Credit? Before we start, let's get the definition of a normal mortgage out of the way. Mortgages are loans given to people to purchase a property with. The money that you borrow is then repaid over several years, together with interest. To get

When Do You Know That It's Time To Buy a Home and Stop Renting?

When Do You Know That It's Time To Buy a Home and Stop Renting? Evaluate your current situation. Before you make a major decision like a home purchase, there's a lot of thinking that needs to be done. First, you need to look at your own current situation. How much are you paying monthly for rent? Yo