Taking out a loan is never ideal, but it may not ruin your finances if you borrow the right way. This usually means choosing loan options that come with low fees and a competitive interest rate, and of course making sure you’re borrowing for reasons that will benefit you in the long run. One type
Even if you have no desire to prolong your mortgage payments or add to the debts you have, there are plenty of good reasons to borrow against the equity in your home — commonly called a second mortgage. Interest rates are typically much lower than other borrowing options, for example, which means you could be
Maybe you’ve owned a home for years, or you’ve just left your parent’s home and are looking to get onto the property ladder. Either way, getting the deposit ready for purchasing your dream home is no easy task. For most people, buying a home is the largest purchase they will ever make in their lives,
Over the past few years, many people in the U.S. have had to deal with damage to their homes from natural disasters, such as Hurricane Harvey. This article explains the different kinds of financial protection from natural catastrophes that homeowners can access from the private and public sectors. In 2017, Hurricane Harvey dumped over four
The popular saying in property or real estate investment is “buy low, sell high.” So, why are more people not turning a profit on their property with such a simple rule? Because it can be difficult to know what “low” and “high” is in a market that’s constantly changing. Many people can overvalue real estate.
The recent wildfires that devastated many U.S. communities illustrated the need for homeowners to make sure their insurance policies provide adequate coverage to repair or replace a disaster-damaged dwelling. Too often, people buy a homeowners policy and then forget about it, never bothering to see if the payout amount has kept pace with construction costs, said