Loans

Given the rather high upfront costs associated with buying a home, it’s no surprise most young people choose to start their independent lives renting instead. As they advance in their careers, save money, get married, and start families, most end up buying a home. Many older homeowners, on the other hand, are often ready to downsize and end up selling their home and moving into a rental.

Purchasing a home is an investment in your future. It’s a HUGE decision and should not be taken lightly. If you’ve been renting for a long time and feel like you’re ready to buy a home, or are a homeowner wondering if renting makes more sense, you’re in the right place! In this article, we will be discussing the pros and cons of renting and buying. Hopefully we will be able to give you better insight into your options, facilitating your decision-making process.

If you’re a homeowner, you’ve probably thought about refinancing your mortgage at some point. After all, home loans are long-term; usually ranging from 10 to 30 years. A great deal can happen in that time, including interest rates dropping, your home value increasing, the introduction of new loan types, among other market changes.

While refinancing your mortgage may seem to be extra work for you, lowering your interest rate by just 1 percent on a 30 year mortgage could save you thousands of dollars. Perhaps you’re in the position to pay off your loan quicker and want to reduce your term. There are many perks to refinancing we will discuss in this article.

Having reliable transportation for work, recreation and to run daily errands is essential. If public transportation or riding a bike isn’t an option, you may be looking at a range of cars that fit into your lifestyle. From new cars to used cars, you not only have to decide on the make, model and year, but also on whether you plan to buy or lease a vehicle.

Paying off credit cards can be a bit like doing your taxes. You have no idea where all the money went and all you want is for the entire situation to be done. The problem is that, like the IRS, a lot of credit card debt is not going to go away overnight. You have to celebrate the little wins that make it easier to stay on the path to becoming debt-free. Try one of these approaches, and you will start to see your debt going down a little each month.