Should You Choose an Adjustable Rate Mortgage?

When it comes to fixed rate and adjustable rate (ARM) mortgages the standard personal finance advice is to always get a fixed rate mortgage. Most people opt for a 30-year fixed rate mortgage, but a 15-year fixed rate mortgage is also fairly popular. Getting a fixed rate mortgage is almost always given as the best … Read moreShould You Choose an Adjustable Rate Mortgage?

What is a Second Mortgage? Advantages and Disadvantages

A second mortgage is an additional loan on your home subordinate to the primary mortgage on the property. Homeowners take out a second mortgage for a number of reasons, such as to improve their home, to consolidate their debts, or to purchase an additional home or investment property. The loan is called a second mortgage … Read moreWhat is a Second Mortgage? Advantages and Disadvantages

Why Tenants Need to Buy Renter’s Insurance

Tenants often forgo renters insurance under the assumption that either they will be covered under the landlords insurance, or that it’s really not a big deal. But even though you don’t own the building, you still have valuables that may need to be replaced in the event of a disaster, and even potential liability to … Read moreWhy Tenants Need to Buy Renter’s Insurance

How to Find the Best Mortgage Rates and Refinancing Options

Whenever you are trying to improve your debt situation, whether you are trying to pay down credit cards or refinance your home, it can help to have a solid idea of where you stand. Being able to see your situation, visually laid out for you, can give you a starting point. This can be very … Read moreHow to Find the Best Mortgage Rates and Refinancing Options