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Buying a New House Before Selling the Old One

Jack M. Guttentag | Posted 05.05.2015 | Money
Jack M. Guttentag

Whatever the reasons for the move, many face the same challenge: how to use the equity in their existing house to purchase the new one before completing the sale of the old one. Selling the old one first avoids this problem but requires two moves, which is a major expense and a hassle.

Mortgage Borrowers Thinking About Paying Down Their Loan Balance Should Know How Mortgage Amortization Works

Jack M. Guttentag | Posted 04.28.2015 | Business
Jack M. Guttentag

This article explains the essentials of amortization, and why in today's market it is a good idea for most borrowers to speed up the process -- if they can.

Money Management Tips For Couples Merging Households

Carrie Schwab-Pomerantz, CFP | Posted 04.20.2015 | Money
Carrie Schwab-Pomerantz, CFP

Moving in together is a big emotional step. It's also potentially a big financial step -- which can impact a relationship positively or negatively, depending on how open each partner is about money.

First Comes Love, Then Comes Mortgage

Redfin | Posted 04.15.2015 | HuffPost Home

According to the Centers for Disease Control and Prevention, 27.4 percent of couples who cohabitate before marriage break up by the third year of living together. That might be something to think about if you already have an issue with your significant others' cleaning habits ... or lack thereof.

25 Financial Terms Everyone Should Know

LearnVest | Posted 03.31.2015 | Money

Do you know your AGI from your ARM from your PMI? Or does the mere mention of those acronyms make you go, "Huh?" If you don't speak personal finance, don't worry -- we're here to help.

In 2015, Will It Be More Renters or a Buyer Binge?

Dean Graziosi | Posted 03.11.2015 | Education
Dean Graziosi

If you don't anticipate a buying binge, investing in rental property or wholesaling to those investors who do may continue to be profitable strategies in the coming year.

5 Steps to Take Before Deciding to Buy a Home

Credit Karma | Posted 02.16.2015 | Money
Credit Karma

Buying a home can be a very rewarding experience, but it can also be baked in to what we feel we are "supposed" to do. Are you living someone else's dream or do you really want to own a home?

Hey Millennials! 8 Important Financial Tips from Your Future Self

Jerry Patterson | Posted 02.03.2015 | Money
Jerry Patterson

If you could go back 30 years and give yourself one piece of advice regarding retirement planning, what would you say?

Middle Class 'Chasm' Increasing Due to Mortgage Regulations

Lorrie Febus | Posted 01.31.2015 | Business
Lorrie Febus

Owning a home is a primary value of the middle class. The mortgage regulations that went into effect earlier this year are making it harder for many to get approved for home loans.

Riots in the Streets?

Jim Gibson | Posted 12.13.2014 | Money
Jim Gibson

Are you aware that there is in fact a new improved credit score? Yes, that's right, a new kid on the credit scoring block. If actually used, this new credit scoring formula could actually end up helping those misrepresented by current credit scoring models.

Pay Off Your Mortgage in 12 Years or Less!

Gina Horkey | Posted 11.29.2014 | Money
Gina Horkey

When people think about buying a house, they also traditionally think about obtaining a mortgage for the next three decades of their life. It's inefficient and it's definitely not the most cost-effective way to ultimately own your home. In fact, it's rather depressing!

Cheer Up America, Global Unrest Can Lower the Cost of Your Next Mortgage

MyBankTracker | Posted 10.19.2014 | Money

If you're at all a follower or observer of international headlines, you'll agree that that global unrest is increasing: -- The pall of a Russian inva...

What You Should Worry About If Your Lender Sold Your Mortgage to Another Bank

MyBankTracker | Posted 10.01.2014 | Money

Have you ever taken out a loan from a mortgage company or bank only to find out a few months down the road that it's been sold? Don't be surprised if ...

How Amortized Fixed Rate Loans Help Keep Your Final Mortgage Payment In Sight

MyBankTracker | Posted 09.24.2014 | Money

Amortization, the word, stems from the Latin "mort," meaning death. In real estate speak, it literally means to "kill a loan" over a defined period of...

Could Your Mortgage Payment Double?

Terry Savage | Posted 08.03.2014 | Money
Terry Savage

It has taken a long time for the last of these chickens (call them turkeys) to come home to roost from the halcyon days of mortgage lending excesses. But they will have a strong impact on the housing market in the next few years, and on the families that will face this hit on their finances.

Why Kids Don't Have Signatures, and Banks Shouldn't Either

Brett King | Posted 07.04.2014 | Money
Brett King

In a recent UN/ICAO commissioned survey on the use of signatures in passports, a number of countries including the UK recommended phasing out the long...

Combustible Adjustables: The Troubling Return of the ARM | Posted 06.08.2014 | HuffPost Home

It was only a matter of time. Adjustable-rate mortgages--the apocalyptical financial product of the recent economic collapse--are coming back in a big way.

Why We Are Losing the Tax Reform Debate

Martin Lobel | Posted 04.01.2014 | Politics
Martin Lobel

Reform does not mean raising taxes on the rich. It means cutting tax subsidies to the rich to slow the dramatic shift of wealth from the middle class to the very rich.

My Home and My Dream, Foreclosed Upon

Carla Shutak | Posted 05.28.2014 | Politics
Carla Shutak

Five years later I still cry. I cry for our hard work which benefits only the banking industry and the super-rich. I cry because the government bailed out the banks who call us irresponsible. I cry because we work four times harder for half the income and will never catch up again.

Making Your Extra Mortgage Payments Count

Jack M. Guttentag | Posted 11.11.2014 | Money
Jack M. Guttentag

You can use the same payment method that you use to make your scheduled payment. Just bear in mind that the relevant date is when the payment is credited by the lender, not the date when you sent it.

ARM vs Fixed-Rate Mortgages: What's Right For You? | Posted 05.13.2014 | Money

When it comes to buying a house, you have to make lots of decisions. You have to figure out which neighborhood you want, which school district, how much of a down payment to make, etc. One of these decisions is whether you will take out a fixed-rate or adjustable-rate mortgage.

FBI Ranked Mortgage Fraud As Lowest Criminal Threat After Crisis

Reuters | Posted 05.13.2014 | Business

By Aruna Viswanatha WASHINGTON, March 13 (Reuters) - The FBI ranked mortgage fraud as its lowest criminal threat after...

Mortgage Issues of Married Couples: From Loan Qualification to Breakup

Jack M. Guttentag | Posted 11.11.2014 | Money
Jack M. Guttentag

When a married couple purchases a house with the help of a mortgage, they become subject to a wide range of legal rules and custom-based practices at every stage of the process.

Will Mortgages Ever Be Transacted in Bitcoins?

Jack M. Guttentag | Posted 11.11.2014 | Money
Jack M. Guttentag

That this question gets asked with increasing frequency is an indication of how far the bitcoin phenomena has come.

3 Myths About Buying Your First Home

Eric Roberge | Posted 04.08.2014 | HuffPost Home
Eric Roberge

A purchase that looks like a home run from the outside, may have actually resulted in a loss.