If you’ve ever thought about investing in rental property, now may be a good time.
With interest rates lower than they’ve been in years, many consumers are looking to buy a home or refinance their student loans. So, is there any reason why you can’t do both?
Q: Three years ago, my son purchased a house. I am the lender for his mortgage. Last year, unable to resist a low interest rate, I took out a bank mortgage on my own home. Both my son and I pay about $6,000 in interest annually. So, effectively, $6,000 passes into and out of my hands.
Q: I have a question about what happens to your real estate taxes when you pay off your mortgage. When you have a mortgage, the payment to the lender includes real estate taxes and insurance. Once you pay off your loan, how do taxes get paid? Is it better to pay off your loan or keep a loan so that the taxes keep getting paid? Do property taxes rise when you pay off your loan?
It’s safe to say that 2020 will go down in history like a year no other. Even, or perhaps especially, in real estate.
PennyGem’s Elizabeth Keatinge tells us how you can save for a down payment on your dream home.
Here’s a guess: There aren’t many of us who’d care to redo 2020. COVID-19, the novel coronavirus, changed everything, killing more than 365,000 Americans (as of this writing in early January) and taking the economy on an even wilder ride than the Great Recession, just a decade ago.
Buying a home is a very complicated transaction, making it easy to fall for some of the most common and costly home buying myths. PennyGem’s J…
Buying a home is a very complicated transaction, making it easy to fall for some of the most common and costly home buying myths. PennyGem’s J…
Q: My husband died in 2013. After his death I learned that the title to our home we purchased when we got married was in his name only. The mortgage was in both our names.
Q: We borrowed $355,900 in 2007 for a 30-year fixed mortgage at 6.25% and still owe $230,000. My wife is retired, and I plan on retiring in May 2023. Normally, we wouldn't even bother with refinancing this close to selling the house; but the rates now are so low that we’re thinking refinancing might make sense. Any thoughts on whether it would be OK to refinance, or just leave it alone this close to retirement and selling the house?
In many cities, construction workers—the people building the new supply of homes—are being priced out of the housing market.
Amid record-breaking unemployment numbers resulting from COVID-19, millions of Americans are struggling to make their mortgage payments in 2020.
Photo Credit: Alamy Stock Photo
Is using your kitchen table as an office-slash-kids’-classroom making you long to upgrade your home? You’re not alone. Sixty-one percent of American homeowners have taken on home improvement projects since…
Q: Is mortgage interest still deductible on our federal income taxes? Is there something new that I am not aware of? Is there some reason to not have a mortgage that is different from what we’ve always believed?
Q: We have lived in our house for 15 years. About four years ago our mortgage was sold to a different loan servicing company. We called the new company several times over the course of a year and they said they have no record of our loan. We had no way to make our loan payments and now the real estate taxes have not been paid. We recently got notice that our real estate taxes were sold. If I pay the taxes, who owns the home?
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of NerdWallet’s new credit and debt survey, which shows people have…
Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. This week’s episode starts with a discussion of NerdWallet’s new credit and debt survey, which shows people have…
Q: My stepfather bought a house in Miami in 1999 and he included my mom on the title of the property at that time. It's not clear to me exactly how they held title, but I would say it was probably joint tenancy, because percentages of ownership are not mentioned in the deed.
If you have 100 friends on Facebook, they will each likely have 100 connections or more. It’s a good bet that putting out the word that you have services to offer will yield some quick results.
The COVID-19 pandemic has touched all phases of the homebuying journey. Today’s first-time home buyers find themselves flailing in cross-currents: Fearing health risks, homeowners have delayed putting their homes up…
The COVID-19 pandemic has touched all phases of the homebuying journey. Today’s first-time home buyers find themselves flailing in cross-currents: Fearing health risks, homeowners have delayed putting their homes up…
With mortgage interest rates hitting record lows, many homeowners have already refinanced — but others are having trouble finding a lender that will approve a new loan. According to a…
With mortgage interest rates hitting record lows, many homeowners have already refinanced — but others are having trouble finding a lender that will approve a new loan. According to a…