Diversify Everything

Whenever I hear someone get really excited about their latest investment, I tend to think the worst.  It’s not that I don’t want that person to succeed but I usually worry they’re making a big mistake.  Any time I see a friend buy a house, I wonder if they spent more than they can afford. […]

What is a Mortgage Calculator?

The decision between buying or renting a property is a tough one.  There are lots of factors to consider but for a lot of people it ultimately comes down to the financial sense of it all.  You can look at buy vs rent spreads all you want but if you only plan on living in […]

Pros and Cons of Refinancing Your Home Mortgage Loan

Gary Dek is a former investment banker and private equity analyst. Don’t hate him – he had nothing to do with the mortgage crisis and the recession. He writes at Gajizmo.com – check out his site sometime. There are excellent reasons for refinancing a home, but before deciding to do so, homeowners should be aware […]

How Age and Personal Finance Affects Home Preference

The following article is a guest post.  If interested in submitting a guest post, please read my guest posting policy and then contact me. Buying your own property is probably as big a decision as getting married is for most people. Well, not as important, but it’s definitely up there. Anyways, what I’m simply trying to say is […]

Should I Buy a House Now While Interest Rates are Still Low?

Over the past few years, many articles I’ve read have repeated the same mantra: “Now is the time to buy real estate.”  Interest rates were low and they couldn’t go any lower, whoops, they did.  Since purchasing my condo in 2010, I’ve re-financed twice due to mortgage interest rates dropping and although we’re getting closer […]

Valentine’s Edition of Weekend Reading

I decided not to write a Valentine’s Day article this year since they’re pretty ubiquitous around the web right now.  But if you’d like to read about some ways to save money on Valentine’s Day, check out my article from last year.  I love celebrating Valentine’s Day, but I definitely do it my own way. […]

Is a Bi-Weekly Mortgage Payment a Good Idea?

“What if we told you that you could be mortgage free years sooner? That’s what The BiWeekly Advantage Plan® offers homeowners like you!” That was the opening line of an e-mail I received last week from Citi Mortgage.  I’d heard of a bi-weekly payment plan before but never been offered one by my mortgage provider. […]

Reader Question: Investing in Real Estate Without a Down Payment, What is an REIT?

Here’s a question from a reader named Bilbo Baggins, not sure if this his real name or not “I’m fully convinced its a great time to buy property. However, I am not ready to make that kind of commitment and am looking for investments that will reap the same kind of passive income. Something like […]

A Review of My No Cost Refinance With Amerisave

A year ago I refinanced to a 3.75% 7/1 ARM with Quicken Loans and my experience with them was fantastic. I bought my property almost three years ago and that refinance lowered my payment by $200 a month. I was definitely content, but as I watched rates drop further, I started to think about doing […]

Calculate Your Mortgage Interest Deduction the Right Way

With the large deficit our country is facing, politicians are starting to get creative. There’s actually been some talk about getting rid of the mortgage interest deduction for homeowners. If you don’t own property, then you may not know about one of the biggest tax deductions available. The mortgage interest deduction allows taxpayers who own […]

ARM vs Fixed Mortgage

As you know, I’m a big proponent of buying real estate right now.  And after you’ve secured your property, one of the first things to consider is what type of mortgage you should get.  There are all different types of loans and terms you can get, but fixed mortgages, followed by Adjustable Rate Mortgages(ARM), are […]