“Today’s homebuying market and high housing costs are often daunting enough that many prospective homebuyers consider buying a home with a non-relative roommate,” says Bob Driscoll, senior vice president and director of residential lending for Massachusetts-based Rockland Trust Bank. However, a h...
lower your mortgage payments and minimize how much you will pay in interest, you don’t have to have a 20% down payment saved up to buy a house. Programs like theFHAallow you to buy a home with a down payment as small as 3.5%, whileVA home loanseliminate the need for a down ...
Buying a Pet as a Gift Is like Adding New Member of the Family
11. Consider “house hacking” — buying a home with renters in mind, or buying a multi-family property From a financial perspective, purchasing a multifamily home (up to four units) with an owner-occupied loan and living in one unit while renting out the others is one of the smartest ...
③ It could be buying a present for a friend or a family member. ④ It could be buying a homeless person food to eat. It could be giving money to a person in need. Just think about the last time you used your own money to do something for someone else. How...
What Is a Mortgage? Everything You Need to Secure Your Home Loan: Understand the basics of mortgages, including how they work and the different types available. AboutNathan Paulus Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of experience researching and cre...
With a single income, it may be more challenging to get a mortgage and borrow as much as you can with two incomes. Why Would A Married Couple Buy A House Under Only One Name? A couple may buy a home with only one partner’s name on the mortgage for many reasons. One Spouse Has ...
When I got home, I looked up the cost to attend Bowdoin and it said$73,000+ a year! Well gosh, diggity. If I could afford to send my kid to such a school, then I probably could afford to come up with a six-figure down payment to help my kid live after college as well. ...
Renters can help you cover your mortgage payments, but property location, price, and privacy are just a few of the things to consider when you buy a two-family home.
An individual who has not owned aprincipal residencefor three years. If you’ve owned a home but your spouse has not, then you can purchase a place together as first-time homebuyers. A single parent who has only owned a home with a former spouse while married. ...