How Good Debt Can Go Bad

Have you heard someone say, “debt is fine as long as it’s ‘good’ debt?”  The idea of good debt is defined as using debt to purchase something that will appreciate in value.  Some view it as a tool that helps you meet your goals faster and more easily.  Here are four common sources of ‘good’ debt and how these debts can actually turn bad. Home Mortgages Paying cash for a home is very difficult, … [Read more...]

Four Professionals You Should Contact When Buying a Home

The following post is by Darren from More Than Finances. Purchasing your dream home is a big investment with many variables. From finding your home, making an offer, getting financing, and closing the sale, professionals can protect your interests as you go through the process. Here are the four main people, along with a description of how they help you. Real Estate Agent This is the person … [Read more...]

How To Pay Off A Mortgage Early

Once you’ve asked if you should pay off your mortgage early, it is time to ask, how can I pay off the mortgage early? This is the fun part. Let me start off by saying that you shouldn’t need to pay someone or buy a product to help you pay off the house early. Instead, simply send the bank extra payments to add to your principal whenever you have money to pay towards the debt. [pullquote]Make … [Read more...]

Buying A House? Is it an Investment or a Home?

Have you ever asked yourself what are you paying for when you buy a house?  Often times when people bicker about renting or buying a home the key issues is that home values increase over time.  Obviously, that assumes that your home is an investment. This article is the third part of a four part series for home buyers.  I’ll be doing on some topics related to home ownership.  Here’s what is … [Read more...]

Revealed: Why You Should Rent an Apartment Till You Have at Least 20% Down

Your single most important purchase will be your home. While some of the other decisions you make while you are younger might be non-fatal the choice you make in regards to a home will probably impact you for decades. You will need to be patient and save up at least 20% so you have a decent down payment towards your first home. Also if you are married, purchase the home based on only … [Read more...]