Unless your last name is Trump or you were recently the last “Survivor” in Somoa, you’ll probably need a mortgage to purchase a home. Not many folks can afford to pay cash for a more than $100,000 purchase. But to get a mortgage, you
Spring into Good Personal Finance Habits
Over the last three years, there has been no bigger news story than personal finance. And for good reason. Most economists agree that our home-buying habits (fueled by dangerous lending practices) contributed to the Great Recession. Plus, most Americans were
Tough Equations: Aging parents and housing
I’ve hit the age when many of my friends and colleagues are managing the realities of having aging parents. Luckily, I’m not there yet — my mom is still very active, both physically and mentally. But many of us in our
Math of Homebuying: Three easy rules for budgeting
If you’ve ever been in the market for a house, you know what the real estate agent asks first. It’s not the number of bedrooms or neighborhood or whether or not the home has a detached garage. “What is your