Debt is a four-letter word. Many people won’t talk about it, much less take it on, but you may be surprised to know that debt can be a good thing. Millennials hate debt, probably because they are drowning in it, primarily from high college loans, auto loans and high-interest credit cards. The debt they have.. read more →

Buying or selling a home is stressful enough without worrying about the difference between assessments, appraisals and CMAs. One might think these terms are synonymous, but they’re not. In fact, they are very different. Let’s have a look at the distinction and clear up some confusion among these three terms. A home appraisal is created.. read more →

Real estate trends occur for many reasons. The economy is often a factor, but other influences determine changes in demographics. The steady increase of women choosing career over family, combined with fewer couples marrying — or staying married — has led to a rising trend of single women buying homes. The National Association of Realtors.. read more →

One of the pitfalls of buying a new home is paying too little for your downpayment. Making the right decision involves an analysis of the costs related to your debt and your income. When banks offer low downpayment programs in the 3% to 5% range, it doesn’t necessarily mean you should jump at the chance… read more →

While on our summer vacation, my husband, daughters and I stopped for some ice cream to cool off after enjoying a wonderful day in the hot sun. “Would you like chocolate or rainbow sprinkles?” My daughter pondered the question for a moment, then asked, “Why can’t I have both — half chocolate and half rainbow?”.. read more →

I have a friend who hates bills. Hates ’em! She can’t pay them fast enough so she doesn’t have to look at them. Hating bills isn’t necessarily a bad thing. In my friend’s case, her quick payments have yielded a stellar credit rating. Imagine her surprise when I suggested that she opt for a 30-year.. read more →

There are several circumstances that require co-signing for a mortgage. The most common scenario involves a married couple. The two incomes combine to sufficiently cover the cost of the monthly mortgage payment. Other cases include parents co-signing for their child’s first home; adult children co-signing for their aging parents whose income has diminished at retirement;.. read more →

One of the more memorable acceptance speeches delivered at this year’s Academy Awards was from Best Supporting Actress, Patricia Arquette. Her remarks about gender equality and the pay gap between men and women struck a chord that lasted beyond the show, and she recently spoke at an event sponsored by the United Nations on the.. read more →

Shopping for a new home is like starting a new relationship. At first, you’re attracted to the neighborhood, then you become infatuated by the beautiful bathroom and the extra closet space. You love that it’s near the local market and the dry cleaner. At first glance it’s so perfect, you forget to factor in any.. read more →

When it comes to selecting the length of your mortgage, certain factors apply. There are some misconceptions about length due to age and income that don’t necessarily apply. Let’s bust some myths about mortgage term lengths. Myth No. 1: A 15-year mortgage is always better than a 30-year mortgage. False. When you’re younger, you should.. read more →