Unlike families with kids, DINKS have many different options when it comes to housing choices. While a single-family home is likely to continue to appreciate, though, of course, that’s not guaranteed, you don’t have to go the traditional route. DINKS have many housing options available depending on lifestyle and personal choice. … [Read more...] about Benefits and Drawbacks of DINKS’ Housing Options
Everyone's personal financial situation is different. Some people are still getting organized, others are in better shape. So, for many the question is: after you've got the basics nailed down, where do you go after that? For example, after you've paid off your high interest debts, have an emergency fund and are sticking to a budget, whats the next step? Well, there … [Read more...] about Wealth Building After The Basics
Taking out a mortgage is always a tricky move, but even more intimidating when you’re not sure about what to expect. As a first-time buyer, there are several things that you’ll need to consider even before deciding on when and where to complete the process. First, it’s important to note that applying for a loan may seem like the most favorable option, but that’s not always the … [Read more...] about 4 Things To Know Before Taking Out A Mortgage
For the past 1.5 years, I have been running multiple businesses all while working a full-time job AND living for free. I bet in the last sentence, the most interesting part is the no rent portion. Well, let me dive into this amazing best-kept secret from the real estate investors out there. The strategy is called house-hacking and it can seriously accelerate your path to … [Read more...] about How To Get Paid To Live In Your House
Appreciation can help a homeowner or a real estate investor greatly. Appreciation is when the actual value of the property you own increases.These increases can happen organically overtime or they can be forced. … [Read more...] about Best Ways to Force Appreciate Your Home
Refinancing is when a loan is paid off in full and replaced with a new loan that has different terms. Refinancing can be done for many reasons but may not always be beneficial. This article will walk through the some of the best reasons to refinance a loan so you can determine if refinancing makes sense for you. … [Read more...] about When Should You Refinance Your Home?
Hello, everyone. Today's topic is an interesting. If you're renting an apartment or a house, you won't have to worry about the possibility of this happening to you anytime soon. If you own your house, hopefully, you have the funds to pay the mortgage each month continuously. If you are having problems paying your mortgage, you may get to a point where you eventually have to … [Read more...] about Three Things to Try Before Accepting Foreclosure
This is the age old question of home owners. Should you pay off your mortgage fast or should you just stick to the original amortization payment schedule? There are several ways you can choose to spend your hard earned money such as travelling, education, your legacy and saving for retirement. So here's the question, should part of your hard earned money be used to pay off … [Read more...] about Should you pay off your mortgage fast?
This is a contribution by Cait Flanders at RateHub.ca Whether we like it or not, “traditional” milestones in relationships are far from the norm in today’s society. For most, the days of getting married, then buying a home and then having kids are long gone. In fact, a report released earlier this year by Coldwell Banker Real Estate LLC revealed that 24% of married … [Read more...] about Mortgages Before Engagement Rings: Is It Smart?
Good morning Dinks. As a financial planner one of the most frequent questions that I am asked by clients is “Should I save for retirement or pay off my mortgage?” The easy answer is you should do whichever options saves you more money or makes you more money. But the truth is that it is a much more complicated question than that. Both options have their advantages and … [Read more...] about Dinks Choice: Pay off your mortgage or save your money?