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

  • If your current home hasn't sold and you have to move immediately, a "bridge loan" is a short-term loan that can give you the cash for a new home. This should help ease the burden of two mortgages,…   Read the Article

  • Even if you've hired movers who are courteous, efficient, and ethical, they still have one potential pitfall: They're human. And that means you may wind up with a lost or damaged item. So what should…   Read the Article

  • Going green is good for the planet and your wallet. Check this out: Installing energy efficient windows can reduce heating bills by 25 percent. Energy-saving air conditioners can reel back…   Read the Article

  • Not everyone who is in the market for a home has a savings account that's bursting at the seams. Whether you're young or just financially strapped, these agencies offer good alternatives to…   Read the Article

  • Make your co-buyer go through the credit makeover process to maximize her score, too, then consult with your mortgage professional. Even if your score is below 580, you might not need to wait if your…   Read the Article

  • One of my clients was house hunting in a particular, 100-year-old neighborhood in Oakland, Calif. Very stroll-to-the-local-produce-market-esque. We found this lovely little Spanish-style cottage with…   Read the Article

  • If you got your real estate information from reality TV and infomercials, you'd think all there was to being a real estate investor was fixing and flipping, then flaunting the cash you just made,…   Read the Article

  • No matter what your financial stats are, they can almost always be better. This is a double-edged sword. It's great because with a little bit of work, most of us can improve the snapshot of our…   Read the Article

  • Make sure you get a pre-approval for a mortgage, not a pre-qualification. A pre-qualification is where you give a mortgage broker a hypothetical set of credit scores, income, etc., and they give you…   Read the Article

  • Mortgage brokers work on commission, which are paid by you, by the lender, or by both you and the lender. If you work with a mortgage broker, the industry norm is for them to charge you an…   Read the Article

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