How to Finance

Figure Out Your Financial Strategy

Start by asking yourself: How long do I plan to live in the house I buy?

Types of Mortgages

Do you know the difference between an FRM and an ARM? Get a crash course on mortgage products.

More on Finance

  • You’ve already heard the bad news. The housing crisis has tightened up credit markets, and it’s harder to qualify for a mortgage loan. Credit scoring has always been an important part of the loan…   Read the Article

  • My mother used to think it strange that someone with psychology and law degrees ended up selling real estate for a living. Lately, though, she’s conceded that my background could not be more…   Read the Article

  • Every wanna-be homeowner knows by now that they must get pre-approved before trying to buy a home. The Client. So after my get-to-know-you sit down with a particularly motivated new buyer, we went…   Read the Article

  • It was not so long ago that the term “short sale” was about as familiar to the average American as a novel written in hieroglyphics, while “foreclosure” was a thing that happened infrequently and…   Read the Article

  • Pity the tiny gecko that winds up on the meal plan of the wind spider. If caught, the fangs sink in, and he is eaten alive. Or consider the fly that’s seized by an ambush bug: first saliva is…   Read the Article

  • Under today's tight lending standards, excellent credit is vital for getting a loan with the best interest rates and terms. No wonder so many prospective homebuyers are looking for ways to clean up…   Read the Article

  • They don’t wear black hats. There is no twirling mustache. They aren’t accompanied by a big beefy man with knuckle rings and a grimace, to imply that if you don’t cooperate your knees may soon bend…   Read the Article

  • They almost seem too good to be true. You’re a senior citizen with less income than you need to survive, and suddenly you learn of the reverse mortgage. You’re told that the house that you have…   Read the Article

  • When you think about the cost of buying a home, you probably think mostly of the down payment. As a seller, you probably think of your costs in terms of the agent fees, since the real estate…   Read the Article

  • With a new home comes new expenses. By now, you should know that the cost of homeownership is more than just the monthly mortgage payment. You also have your property taxes, homeowner’s insurance,…   Read the Article

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