Tag: Personal Finance

Posted on 06/12/2022

A beginner's guide to PITI & property taxes

PITI is an acronym for principal, interest, taxes and insurance. In real estate, it's used by lenders to estimate your qualifications for a mortgage. One of the key variables in the formula is property taxes, which vary by location and individual home. But how do property taxes affect your PITI ratio? Here is a basic explanation to help:...

Home Value

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Posted on 03/01/2020

What you Need to Know About Home Equity

Buying your first home is a big decision; one that involves a lengthy process of saving money, building credit, and planning the next phase of your life. However, owning a home comes with one major payoff: home equity.Simply put, home equity is the amount of your home that you’ve paid off. However, it does get more complicated when we...

Home Equity

Buying A Home

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Posted on 09/29/2019

Organize Your Important Life Documents

The last thing your family needs is to have no idea where to find your important papers and last wishes when confronted with a sudden illness or death. No one wants to talk about these things but taking the time to organize your paperwork can give your loved ones true peace of mind when dealing with your estate....

Will

Personal Finance

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Posted on 08/11/2019

Ideas for Saving for a Down Payment

When considering becoming a homeowner, one of the decisions you can make that will be beneficial to you is to deposit a down payment. However, the question is how do save up that hefty down payment? One of the biggest roadblocks for prospective home buyers is securing a down payment. Fortunately, though, technology seems to be playing a...

Personal Finance

Mortgage

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Posted on 06/30/2019

Common Tax Breaks for Homeowners

Do you ever wonder why so many Americans dream of owning a home? From complete privacy to a nest egg in the future, one lesser-known but vital reason why homeownership is something everyone is longing to achieve is the tax breaks it provides. No one enjoys paying taxes so owning a home set you aside for tax breaks...

Personal Finance

Real Estate Taxes

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Posted on 05/12/2019

What Length of Mortgage is Best for You?

People focus mostly on the interest rate when looking for the best mortgage. Other than the interest rate, there are some other variables to consider when looking for a mortgage that is ideal for you. One of the variables that you should consider is the length of the mortgage agreement. There are various options available, so you need...

Mortgage

Mortgage Rates

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Posted on 04/21/2019

5 Reasons Why Finances Could be Tight

Have you been wondering lately about why you are always broke? You will need to ask yourself a lot of important questions to know exactly what you are doing wrong. These are the questions that will help you point out the primary reasons for your financial woes. Going by data made available by the World Bank, a considerable...

Personal Finance

Budgeting