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Archive for the ‘Real Estate’ Category

Dave Ramsey’s House: Living Like No One Else

Written by Nickel - 61 Comments

Debt reduction guru Dave Ramsey is well known for encouraging his followers to “live like no one else so that you can live like no one else.” Sound advice. But have you ever wondered how Ramsey himself lives?
I recently ran across an interesting article that provided details about Ramsey’s new mansion just south of Nashville [...]

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Published on October 15th, 2010 - 61 Comments
Filed under: Debt Reduction, Mortgages, Real Estate
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Why You Need Title Insurance

Written by Nickel - 10 Comments

If you’ve ever bought a house, you’ve probably wondered if title insurance is really necessary. I mean, sure, it protects you in the event of a dispute over the ownership of your property, but how often does that really happen?
This issue has been brought into sharper focus by recent developments in the ongoing foreclosure crisis. [...]

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Published on October 11th, 2010 - 10 Comments
Filed under: Insurance, Mortgages, Real Estate
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Thoughts on Buying a Vacation Home

Written by Nickel - 13 Comments

Over the years, we’ve toyed with the idea of owning a vacation home. When I was a kid, I always envied families with a lake house, and even as an adult I’ve been drawn to the idea.
As time has worn on, however, we’ve cooled on the idea. It’s funny, but now that we’re in a [...]

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Published on September 8th, 2010 - 13 Comments
Filed under: Real Estate
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Strategic Defaults: Buy Now, Default Later

Written by Nickel - 15 Comments

Over the past few months, it’s become clear that a lot of homeowners are strategically defaulting on their homes. In other words, they’re intentionally walking away from their mortgage obligations because they owe significantly more than their home is worth, even if they can afford to keep making the mortgage payment.
But what then? Once you’ve [...]

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Published on August 10th, 2010 - 15 Comments
Filed under: Debt Reduction, Mortgages, Real Estate
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Homebuyer Tax Credit Extension in the Works

Written by Nickel - One Comment

In case you haven’t heard, the House of Representatives voted yesterday to extend the homebuyer tax credit by three months, but only in a limited fashion.
More specifically, they’re looking to extend the deadline for closing on your new home if you went under contract before the April 30th deadline. If, on the other hand, you’re [...]

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Published on June 30th, 2010 - One Comment
Filed under: Real Estate, Taxes
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Recasting or Shortening Your Mortgage – Pros and Cons

Written by Laura Martinez - 22 Comments

What would you do if you had a little windfall come your way? Would you spend it all, or would you look for ways to improve your finances, such as paying off some of your debt? Right now, many people are struggling with this question as they decide how to use their tax return and/or [...]

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Published on May 25th, 2010 - 22 Comments
Filed under: Debt Reduction, Mortgages, Real Estate
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Why I Bought A House at the Age of 24

Written by Guest Contributor - 16 Comments

This is a guest post from RJ Weiss, who is an aspiring financial planner. RJ writes about financial planning for twenty-somethings at Gen Y Wealth. If you like what you see here, please consider subscribing to his RSS feed.
Want to start a fight on a personal finance world? Just ask someone if it makes more [...]

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Published on May 13th, 2010 - 16 Comments
Filed under: Real Estate
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When Will the Housing Market Recover?

Written by Nickel - 16 Comments

The big news earlier this week was that pending home sales in March were up 21% vs. the same period in 2009. While that sounds promising, it must be kept in mind that many buyers were rushing into the market to take advantage of the homebuyer tax credit, which expired at the end of April.
At [...]

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Published on May 7th, 2010 - 16 Comments
Filed under: Polls, Real Estate
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Will the Homebuyer Tax Credit Be Extended?

Written by Nickel - 10 Comments

This is just a quick note about the $8000/$6500 homebuyer tax credit. As you may recall, this credit was originally introduced as an $8000 first-time homebuyer tax credit that was set to expire on November 30, 2009.
Shortly before its expiration, Congress acted to push the expiration date back to April 30, 2010. At the same [...]

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Published on April 26th, 2010 - 10 Comments
Filed under: Real Estate
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Learning About Mortgage Escrow Accounts

Written by Laura Martinez - 12 Comments

I just checked the balance on our mortgage to make sure this month’s payment went through. I’m excited about accelerating our mortgage payments and seeing the principal decrease. We’re still waiting on first-time homebuyer’s tax credit, and will be using that $8,000 to take a chunk out of our mortgage.
While looking at the breakdown of [...]

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Published on April 6th, 2010 - 12 Comments
Filed under: Insurance, Mortgages, Real Estate, Taxes
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