Should You Get a Mortgage at a Young Age?

Mortgage at a Young Age
The single biggest purchase you will make is your home. Many people will spend 30 years (or longer if they continue to refinance) paying off their mortgage. Because it’s such a large obligation, people often wait to buy a home until their 30s or later. According to Experian, the average age of first-time homeownership in the United States is 34 years old. However, others get a mortgage at a young...
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Small Things That Add to Your Electric Bill

small things that add to electric bill
There are lots of small things that add to your electric bill. Little things in a typical American home that may cause a larger burden on your power supply–especially if there are more than one of them present at a time. Some frugal bloggers talk about “vampire” power drains from always-plugged in televisions, computers, and other hardware, but this only represents a very small percentage...
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Where to Rent When You Have Bad Credit

rent with bad credit
Where to rent when you have bad credit? The biggest misunderstanding people have about this issue is the mistaken assumption that you have ONE credit score, ONE credit report, and ONE set of data that informs all potential landlords or creditors. But the reality is that if you apply for a home loan, your lender will look at credit reports from the three major credit reporting agencies differently...
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How to Maintain Two Homes Efficiently

Many are tempted, but fewer have good ideas starting out how to maintain two homes efficiently. If you’ve ever been tempted to own a second home there are considerations to remember that can help you own and maintain two properties. Before You Buy If you are looking for a second home to purchase and need to buy on a budget, remember that government-backed mortgages such as FHA loans, USDA mortgages,...
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How to Get Out of a Timeshare

refinance loan coronavirus
Do you need to learn how to get out of a timeshare? The very first thing you need to do in order to consider your options to ditch a time share property is to review the legally binding contract you signed in order to purchase your interest in the timeshare. You’ll want to review the fine print to make sure you completely understand what clauses, covenants, and legal entanglements you’re subject...
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