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

  • When job loss, health problems or other life changes take a toll on your finances, your home expenses can suddenly seem like a huge burden. If the costs of homeownership become unaffordable, try…   Read the Article

  • After you’ve shelled out the cash for closing costs and a down payment, there are still a few more expenses to expect in addition to your monthly mortgage payment:  Homeowner’s insurance.…   Read the Article

  • The best time to refinance depends on two factors: mortgage rates and how long you plan to stay in the home. If today’s rates are at least 2 points lower than your existing rate, you should…   Read the Article

  • There’s nothing stopping you from selling your home immediately after you walk away from the closing table. However, if you don’t stay in your home for at least a couple of years, you’ll likely have…   Read the Article

  • After shelling out thousands of dollars for a down payment, mortgage fees and other closing costs, some first-time homeowners are shocked to see that the cost of homeownership doesn't stop…   Read the Article

  • It may seem odd to think about saving after making such a large purchase, but now's actually a great time to save. Since you've already spent a considerable amount of time saving money to buy a…   Read the Article

  • Your credit score will take a hit after you buy a home, not surprisingly, since it's a large purchase. But you can take steps to get it back on track, just like you did to get a mortgage in the first…   Read the Article

  • Keep your credit healthy by avoiding these six credit-destroying moves: Making late payments or missing payments. Your payment history makes up 35 percent of your credit score, so if you don't make…   Read the Article

  • Hopefully, part of the reason you decided to buy a home and stop renting is for the tax breaks. And there are quite a few of them! Depending on your income level, you can deduct several expenses…   Read the Article

  • Congratulations! The fact that you bought a home is a testament to the successful financial strategy you used to get to this point. Now the challenge is to keep it up. After diligently saving…   Read the Article

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