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Archive for the 'Homebuying' Category

So You Want a House – Part 4

I may come back to saving on discretionary spending but a convo had with a friend makes me think this aspect is much more important. JUST BECAUSE YOU CAN AFFORD A MORTGAGE DOES NOT MEAN YOU CAN AFFORD A HOUSE! The fact you that you pay $900/month for rent doesn’t mean you can afford a […]

So You Want a House, Part 3

Today’s topic is WAYS TO SAVE. You have two types of expenses – fixed expenses and discretionary spending. Let’s talk about fixed expenses first. Not all of those are as fixed as you think. While you probably can’t do much about your rent, there are ways to lower other expenses. TAX REFUNDS ARE NOT A […]

So You Want a House, Part 2

This is the second post in my homebuying series. The second step in the homebuying process is GET YOUR MONEY RIGHT.   Open an online savings account. Why not a “regular” savings account, you ask. Until recently, online accounts offered a better interest rate (3% or more) vs the 1% or less you will probably […]

Homebuyer Credit Extended – So You Want a House…

A lot of people are excited because the homebuyer’s tax credit has been extended. While there’s no doubt that this credit can be beneficial, that’s only the case if you’re truly prepared and can afford to buy WITHOUT the credit. For months now, news broadcasts have stated that it’s a “buyer’s market” due to the […]

Negative Home Equity

Source: http://www.flickr.com/photos/robertkaleta/3660350489/ This is guest post by Fran Budd, a banker with ten years experience in investment banking in London and now freelance writer for Australian credit card comparison website Credit Card Compare. You feel like you are teetering on the edge. It felt like only yesterday that you were chatting about how much houses […]

Houses Cheaper Than Cars

I recently read an article stating how, at least here in Atlanta, houses can be purchased for less than even a used car.  There were numerous listings for under $20K.  The prices were continually being lowered with no takers.  Just another indicator of the sad state of our economy? As always, I’m keeping my eye […]

Friday Q & A

Today’s Q & A is related to this week’s homebuying series.  Here are some common questions and their answers. Condo/townhouse vs house – which is better?  Well there’s no definitive answer.  Only you know what’s best for you.  Price aside, the main difference between attached and detached housing is lifestyle.  Do you want to share […]

So You Want a House – Part 4

I may come back to saving on discretionary spending but a convo had with a friend last night makes me think this aspect is much more important.  JUST BECAUSE YOU CAN AFFORD A MORTGAGE DOES NOT MEAN YOU CAN AFFORD A HOUSE!  The fact you that you pay $900/month for rent doesn’t mean you can afford a […]