Your home is likely the single largest expense in your budget. If you don't already own a home, you've likely thought about the possibility. You've probably heard a lot about how buying a home is the best decision you'll ever make. You might already be saving up for a down-payment, which is great! However, before you take the plunge into home ownership, consider both the pros and cons. The . . .
I've been tossing around the idea of installing solar panels for several years. Just the idea of harnessing natural resources has an appeal to it. But it's a huge investment, and I was doubtful that the payoff would really match a payoff in traditional investments, so I kept kicking the can down the road. Finally, this past year I got serious about scratching my itch. I figured I had to weigh the . . .
Dave Ramsey likes to recommend buying a house with no mortgage. As in, 100% cash. When I first read this in Ramsey's book, 'Total Money Makover,' I thought this was the dumbest suggestion I'd ever read. Because everybody knows that renting is just throwing money away. So, after a year of renting, my wife and I bought a house... with a mortgage. That was 5 years ago, so now I have 20/20 hindsight . . .
Reviews.com is a great resource that researches and reviews everything under the sun, including a range of financial products. It's a great place to start when contemplating any major (or minor) life changes. Below is an excerpt of an article that originally appeared on Reviews.com. For the complete version visit: http://www.reviews.com/mortgage-companies/ Of course rates are going to matter . . .
When you decide to buy a home you'll need to decide what kind of mortgage works for you. The most common type of mortgage is the 30-year fixed rate mortgage. However, don't just assume that this one is the best kind for you. The Big Bad Balloon Hopefully your banker or mortgage officer won't even offer you a balloon mortgage. If they do, run out the door. The only balloons you want on . . .