What is Debt Burden? ››

What is Debt BurdenWhen it’s used as a personal finance term, “debt burden” refers to your cost of borrowing money. Each of the ways you borrow money – credit cards, home mortgages, car loans and student loans are the most common – will incur some

What To Do When You Need To Borrow Money Quickly ››

What To Do When You Need To Borrow Money QuicklyEven if you’ve done a great job in coming up with a solid budget and are sticking to it, there may still be times when you find yourself in a financial bind. Perhaps it’s because of an unexpected expense that exceeds what

What to Expect At Mortgage Closing Day for Your Home ››

What to Expect At Mortgage Closing Day for Your HomeBuying a home is the biggest single financial transaction that most people will make over the course of their lives. Even if you’ve never gone through the process before, many of the steps are going to make sense right away; you figure

Advice on How to Manage Your Mortgage ››

Advice on How to Manage Your MortgageYour home is likely to be the most valuable and important thing you own. Your home provides you with shelter, security and a place to raise your family. When we think of managing a home, we usually think about maintenance and upkeep,

5 Major Mortgage Mistakes to Avoid ››

5 Major Mortgage Mistakes to AvoidBuying a home remains one of the largest financial transactions that anyone will make in their life. We often tend to pay a significant amount of attention to negotiating the best possible home price, but we don’t always pay enough attention to

Borrowing Advice on How Much House Can You Afford ››

Borrowing Advice on How Much House Can You AffordOne of the first steps in buying a new home is to figure out your price range. Unless you know how much house you can afford, you won’t know which homes to look at or consider. Because buying a home is such

What are the Consequences of Bankruptcy? ››

What are the Consequences of BankruptcyFrom time to time you may see ads on television or on Internet websites that promise to help you eliminate all of your debts by declaring personal bankruptcy. The ad pitch often makes it sound as if going through the bankruptcy process

How Should You Organize Your Finances Once You’ve Bought a House? ››

How Should You Organize Your Finances Once You’ve Bought a HouseBuying a home is one of the most significant financial decisions you’ll ever make in your life. In order to come up with a large enough down payment (and to cover the closing costs on the transaction), you’ll have to get a

The Importance of Doing a Home Inspection Before You Buy ››

The Importance of Doing a Home Inspection Before You BuyBuying a new home is an exciting – though sometimes a little overwhelming – process. For a first time home buyer, the transaction is likely to be even more emotionally charged. Owning a home represents a big part of the American dream,