Buying A Home
A financial planner recommends multiplying your gross annual salary by three or five to find out how much home you can really afford to buy.
Your mortgage's closing costs depend largely on the state where you're buying a home, and if you have to pay property taxes up front.
The two most common types of home loans — fixed-rate and adjustable-rate mortgages — each have pros and cons.
The author was sharing a three-bedroom rental with her parents and sister when she found out she was expecting again.
Even though he's carrying a large mortgage, he's comfortable choosing not to pay off his mortgage early so he can invest his spare cash instead.
House hunters are snapping up multigenerational homes, and it's reshaping how the typical American family looks
Fifteen percent of US homebuyers bought multigenerational homes last year, the most in nine years of tracking by NAR. The change might be permanent.
Her "awkward" home is a garden-level unit. Because of its unusual qualities, it cost less than many other homes in the area.
Seeing the dearth of eldercare options in her home country, The Bahamas, during the pandemic has highlighted the need for her own stable housing.
The millennial wealth gap is growing as some flock to buy houses and others give up on homeownership entirely
More millennials became homeowners in 2020 than any other generation. At the same time, more millennials now believe they'll never own a home.
If I'd known 3 truths about buying a house before I took the plunge, I would have saved myself a lot of stress
The author bought her dream home in Asheville, North Carolina last year, but not before dealing with a host of stressful financial issues.
The author and her husband were prepared to pay for a handful of planned repairs and renovations, but there were still costly surprises.
A couple who paid off their 30-year mortgage decades early shares the 4 strategies they used to do it
A big down payment and reserving one spouse's income entirely for the mortgage helped them pay off their 30-year mortgage in two years instead.
A financial planner warns that homebuyers should also consider closing costs, maintenance, and a property's impact on other savings goals.
For conventional loans, you'll need a credit score of at least 620. But with FHA, VA, or USDA loans, you may be able to qualify with a lower score.
When she bought her house, she was surprised to have to pay for underground root eviction, new locks, Private Mortgage Insurance, and more.
I bought a foreclosure that came with over $15,000 in unexpected costs, but I still think the house was worth it
She knew buying a foreclosure would come with some headaches, but she didn't expect an extra $15,000 in surprise costs.
Few things are as exciting as the purchase of your first home. But buying a house is a big endeavor, and going in blind can cost you a fortune.
After wasting $500 on my home warranty, I'm taking 2 steps to pay for repairs without going into debt
After calling their home warranty company a few times for repairs and maintenance — and getting nowhere — they decided to save their money instead.
When I bought my house I was hit with over $1,500 in surprise expenses, but I had the money thanks to a simple piece of advice I followed religiously
The author's savings strategy changed when she read a piece of advice: Keep your emergency savings separate from your down payment fund.
For years banks have asked for 20% down on a mortgage, but cash-strapped Americans are buying homes with less
Putting 20% down on a mortgage can feel out of reach for today's homebuyers. Making a smaller down payment is becoming more common.