Just say the phrase "rental property" and people's eyes light up. Everyone knows that rentals have the potential to generate income above and beyond the cost of carrying the property.
And some folks do turn a nice profit from rentals.
But...
Q: How do I decide whether it makes sense to refinance my mortgage at a lower interest rate?
In this example, imagine that you're refinancing a $160,000, 30-year fixed mortgage that is currently at 6.5%, into a 30-year fixed at 5.5%. Your current paymen...
Foreclosure rates are at an all-time high: nearly a million homeowners faced the big F in the third quarter of 2009 alone.
Millions more are on the brink, because of epic job losses and plunging home values.
If you're finding it hard to meet your...
Q: I am a 23-year-old professional, and I'm eager to buy a home. I just landed a new job with great pay and benefits. What's your advice to a young woman ready to spread her wings? {
A: First, you need to decide how much home can you afford.
I...
