Mortgage Broker vs. Direct Lenders: Which Is Best?

If you’re in the market for a home and have found the perfect place, your next step is securing a mortgage. For many people, this is the stressful part. You have get your finances in shape: verify your income, go over your credit report and make sure everything points to you're being a worthy borrower. Then the next step is figuring out where to get a loan. You have two options: mortgage brokers and direct lenders. There are several differences between the two. Read below to learn Read more [...]

Medicare Part D Could Drain Your Retirement Savings

Medicare Part D risks happen because, although enrolling in the program is meant to alleviate the drain increasing drug costs can be on your retirement savings, it’s not a perfect solution. For some retirees who develop serious health conditions, it could be more of a harm than a help. If you’re newly retired or approaching retirement, here’s what you need to know about how Medicare Part D can affect your net worth. ​Medicare Part D Risk: It May Not Cover Every Drug Healthcare can Read more [...]

8 Reasons to Sell Your Home with an Agent

The “For sale by owner” (FSBO) method seems a great way to save thousands of dollars when you sell your home. Afterall, the standard real-estate agent's commission is 6% – that's $15,000 on a $250,000 home. Given the size of this fee, you may think that acting as your own seller's agent will surely be worth the savings. Here are eight reasons you should think again. (See also: A Guide to Buying a House in the U.S.) In a for-sale-by-owner deal, the buyer’s agent knows there Read more [...]

How Amazon Will Be Worth $1.6 Trillion in Less Than a Decade

The race to be the first $1 trillion company has Apple Inc. (AAPL) as heavy favorite. With a current market cap of $834 billion, and nearly $200 billion more valuable than second place Alphabet Inc. (GOOGL), parent company of Google, it's hard to see anyone catching the California-based tech giant. However, Stamford-based MKM Partners believes if Amazon.com Inc. (AMZN) is willing to continue its spending spree and take on more risk it has the potential to grow to astronomical levels. "Our Read more [...]

Top 3 Health Insurance Options If You Retire Early

Voluntarily walking away from a productive career presents early retirees with a number of weighty considerations. One of the first: health insurance. Individuals who retire prior to age 65, when Medicare eligibility begins, need to find alternate options to cover medical, hospitalization and prescription drug costs . And that is no small issue. Health insurance premiums can chew up a considerable chunk of post-retirement income. Consequently, retirees under the age of 65 must examine all Read more [...]

7 Ways To Increase Your Home’s Appraisal Value

When you’re selling a home or refinancing, an appraisal is likely to be part of the process. The job of the appraiser is to determine what your home is worth on the current market, which may be a very different number from what you paid for it. If you’re fortunate, your home will have risen in value during the time you’ve lived there, making selling it at a profit or successfully refinancing your mortgage easier. But if the appraiser puts a lower value on your home, as was Read more [...]

5 Problems with Buying a House with a Friend

Buying an investment property can be a smart financial move. As you pay down the debt, you build equity in a property that – at least ideally – appreciates over time. Then there are the tax benefits. You get to deduct your rental expenses from any income you earn, including items such as mortgage interest, property taxes, insurance, repair and maintenance costs, and property management, all of which saves you money at tax time. Ideally, the investment property also provides a Read more [...]

How Credit Cards Affect Your Credit Rating

"I tell you Doris, he was making $150,000 a year and had been working at the same place for a decade and they wouldn't approve his loan! They told him straight up that no credit history means no loan - all because he didn't have a credit card." It has become a bit of an urban legend, but with the rising prices of houses and the need for almost everyone to carry a mortgage, credit ratings have taken on greater importance. In this article, we will look at credit cards, their relationship to Read more [...]

8 Reasons to Sell Your Home With An Agent

The “For sale by owner” (FSBO) method seems a great way to save thousands of dollars when you sell your home. Afterall, the standard real-estate agent's commission is 6% – that's $15,000 on a $250,000 home. And you may have to doubed that if you plan to pay the buyer’s agent. So, you may think that acting as your own seller’s agent will surely be worth the savings. Here are eight reasons why you should think again. (See also: A Guide to Buying a House in the U.S.) In a Read more [...]

Top 5 Facts About Quitclaim Deeds

Real property was once transferred through a ceremonial act known as “livery of seisin" in which the person transferring the land passed a twig or clod of turf from the land to the person taking delivery of the land. A verbal and/or written contract may have accompanied the gesture but only the "livery of seisin" legally transferred title to the property. Of course today, title to real property is conveyed by a deed. A property deed is a written and signed legal instrument that Read more [...]