Whether you are facing financial difficulty because of unexpected expenses, an illness, divorce, a death, loss of a job or other hardship, you may find yourself falling behind on your monthly mortgage payments. It is essential to make your payments on time because when you entered into a mortgage contract with your lender, you agreed […]
You’ve heard it time and time again: “Make sure you get your mortgage pre-approved.” But what exactly is a mortgage pre-approval and why do you need one? Do you even need one? Getting a mortgage pre-approved before you search for a home is an important step that many would-be homebuyers skip. By not skipping, you […]
Whether you’re buying or selling a home, you may come across what is known as an escalation clause. Simply put, this practice increases your bid on a home by a specified amount whenever there is a competing bid. However as simple as it sounds, there are a lot of rules and intricacies to follow and […]
When you sell your home, you may see some tax benefits and consequences depending on your situation. For some, sellers may see tax breaks, and for others, they may have to pay more taxes. Here are some common tax benefits and consequences of selling your home:
When it comes to buying a home, it’s sometimes best to leave your spouse off of the loan so you are able to obtain a home. Depending on your state, a non-purchasing spouse could have a huge influence on your ability to qualify for a home mortgage, regardless of if their name is on the […]
Boosting your credit score can sometimes be no easy feat. If you find that your credit score is poor, don’t panic. With the right methods and a little patience, there are ways to make your score better. Get a Secured Credit Card Using a credit card the right way will help you establish a positive […]
Sometimes, you need money for a short term emergency, but don’t want to resort to pay day loans or a credit card. Or perhaps you need to build up your credit history so you can get a Kansas City home loan. You can easily take out a loan by borrowing against any certificates of deposit […]
If you are planning on purchasing a home, it’s important to understand the difference between annual percentage rate (APR) and annual percentage yield (APY). These two items differ enough in how they work that they can significantly affect how much you pay each month in interest.
Believe it or not, there are restrictions on certain cash deposits and it is regulated by your bank and the U.S. government. As a consumer and homebuyer, it’s important to be aware of cash transaction reporting guidelines. The Bank Secrecy Act The Bank Secrecy Act sets the guidelines for banks and businesses to report large […]
Earning money through investments can be tricky. You have some money you can invest, but don’t want to directly invest in the stock market. Investing in a certificate of deposit (CD) is a safe option that you can earn money from when done correctly.