Tips to Save Money Article Archives

I am pursuing a second mortgage and wanted to ask if having the appraisal done without the kitchen being reassembled (taken apart due to water leak) would negatively affect the appraisal, or would there be an understanding if I provided an estimate?

Consumer’s Question: I am pursuing a second mortgage and wanted to ask if having the appraisal done without the kitchen being reassembled (taken apart due to water leak) would negatively affect the appraisal, or would there be an understanding if I provided an estimate? An appraiser should note any visual […]

What happens to your credit when your credit card expires? Is it affected?

It depends. Do you have a balance owning on the expired card? If yes, you are still obligated to the debt, even if you do not plan on renewing the card. Continue to make your payments on time if the card expires and you do not plan on renewing. This […]

How would credit score be affected with no SSN?

Checking Experian, one of the 3 major credit reporting agencies in the USA, they can report an account without a social security number. Here is a link to the article, Accounts Reported without Social Security Number | Experian At a later date, assuming you do obtain a valid social security […]

Does paying off a mortgage early make sense?

Yes. If you have the opportunity to pay off your home, you should. A common reply, what about the tax deduction? Do the math. Don’t believe cultural lies that are out there. The cultural lie, never pay off your mortgage because you’ll lose the tax deduction. Here is an example. […]

How do I increase my credit score when I have no debt or collections open?

Based on the question, there is no quick fix. Improving your credit score takes time. Even when you pay off debt or resolve public records such as bankruptcy, your score may not immediately improve. Pay bills on time, keep balances low, and pay off debt Don’t close unused credit cards […]

How do I know if my mortgage contract allows for extra payments to come off the principal and I’m not just paying ahead? What language do I look for? – Quora

When you received the loan, you had to sign many papers (closing paperwork). Some of this paperwork is notarized. This large stack of paperwork should have been copied and given to you for your records. One document in particular, the Mortgage Note, is in this stack. Please view the image. […]

Millennials spend almost $100k on rent by age 30

Millennials on average pay $92,600 in total rent by the time they turn 30, according to a report by the real estate website RentCafe. While this generation’s total median income is higher than previous generations – $206,600 in eight years – they spend about 45% of their pay on rent. […]

Is a Home Inspection a Good Idea?

Is a home inspection a good idea? It depends. Is the property a brand new structure? If not, I suggest you get a home inspection. What if the inspector uncovers a defect or structural issue? Guess what, you now have leverage. Leverage to back out, or leverage to price negotiate. […]