Posts Tagged "down payment"

Saving for a Down Payment

Posted by on Dec 22, 2011 in Blog, Home Affordability | 4 comments

The following is a guest post from Wayne at Young Family Finance, where he writes about the financial challenges for young couples and families, like choosing between daycare or stay at home parenting. Are you at the point where you want to buy your first home? The middle class strive to own their own homes. Building wealth in real estate is one of the easiest ways to set up an easy retirement. I know that my parents followed this route and will retire in 5 years with a mortgage that is paid...

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Is Owning Your House Outright a Bad Idea?

Posted by on Dec 20, 2010 in Blog, Home Affordability | 85 comments

This guest post was written by Henry Truc from Go Banking Rates, a website that brings you informative personal finance content and helpful tools, as well as the best interest rates on financial services nationwide. Follow them on Twitter at @GoBankingRates. For most homeowners, paying down their mortgage loan is akin to fighting off the plague, but the dream of one day owning their home in full keeps them going. Unless you’re flush with cash, buying a house usually means taking on a...

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Psychic Predictions

Posted by on Nov 18, 2010 in Blog, Home Affordability, personal finance | 3 comments

A couple of days ago I mentioned a comment I overhead. The one about how “everybody” is having to short sale their homes so “everybody’s” credit will be affected by the housing market. I also mentioned at the very end of the post (if anyone actually read to the very end) how I predicted 4 years ago that the housing market wouldn’t keep rising. My main reason for this prediction was that the houses in my area were selling for astronomical prices. Prices that...

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The Lemming Effect

Posted by on Nov 16, 2010 in Blog, Home Affordability, personal finance | 21 comments

I’ve been battling bronchitis for the last two weeks and haven’t been my peppy self. Hopefully this new dose of antibiotics I’m taking will kick its butt. However, I’m still dragging myself into work….of course that might be my problem. But I overheard the most irresponsible comment today at lunch, and I just had to post on it. “Their accountant told them that everybody’s credit will be effected by the housing market since so many people are walking...

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Credit Update…Excellent Dude!

Posted by on Oct 4, 2010 in Blog | 9 comments

One part of my 3-step plan is definitely on track; and I dare say complete! I’ve finally increased my credit score to a whopping 758 and that’s put me in the ‘Excellent’ category. Of course, I should probably slow down and back track a bit since this is really just my Transunion score. If I look back at the beginning of last year, my score was a pitiful 581. Yikes! I was not at all considered a good credit risk. Luckily, many of my negative items from yesteryear...

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