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 [...]
Archive for the ‘Real Estate’ Category
Dave Ramsey’s House: Living Like No One Else
Filed under: Debt Reduction, Mortgages, Real Estate
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Why You Need Title Insurance
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. [...]
Filed under: Insurance, Mortgages, Real Estate
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Thoughts on Buying a Vacation Home
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 [...]
Filed under: Real Estate
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Strategic Defaults: Buy Now, Default Later
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 [...]
Filed under: Debt Reduction, Mortgages, Real Estate
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Homebuyer Tax Credit Extension in the Works
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 [...]
Filed under: Real Estate, Taxes
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Recasting or Shortening Your Mortgage – Pros and Cons
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 [...]
Filed under: Debt Reduction, Mortgages, Real Estate
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Why I Bought A House at the Age of 24
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 [...]
Filed under: Real Estate
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When Will the Housing Market Recover?
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 [...]
Filed under: Polls, Real Estate
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Will the Homebuyer Tax Credit Be Extended?
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 [...]
Filed under: Real Estate
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Learning About Mortgage Escrow Accounts
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 [...]
Filed under: Insurance, Mortgages, Real Estate, Taxes
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