194 Results for author: RateMarketplace

Private Mortgage Insurance Explained

When you’re planning to purchase a home, there are plenty of fees and monthly payments to put a dent in your budget. One common fee is Private Mortgage Insurance, commonly called PMI, and it catches many buyers unawares. If you’re a buyer taking out a conventional mortgage loan and making a down payment of less than 20 ... More

You’re Probably Making At Least One of These Home Finance Mistakes

Whether you’re saving for a home down payment, working to pay down a mortgage or chipping away at your debt, chances are you’re making at least one of the common home finance mistakes below. Read on to see what finance experts recommend to lessen your debt and build your nest egg, including avoiding these missteps: Pay... More

Home Owner’s Insurance 101

A solid homeowner’s insurance policy is key to protecting your finances – and your dream home. If a disaster should strike, such as tornado, fire or theft, you’ll need a policy in place to safeguard against draining your life savings or taking on enormous dent in order to repair structural damage, replace stolen items, ... More

Selling Your Home? Check Out These Buyer Turn-Offs

If you’re planning to sell your home, through a real estate agent or otherwise, chances are you’ve received quite a few suggestions about ways to make your home more attractive to prospective buyers. Many sellers take the time to declutter, depersonalize, fix obvious safety hazards and eyesores, and landscape and stage the ... More

Choosing Between Direct Lending and Dealership Financing For Your Auto Loan

The U.S. Federal Trade Commission reports that average prices for a car purchase are now topping more than $31,000 for a new model vehicle and more than $17,000 for a used model. With a majority of American consumers unable to pay cash for a vehicle purchase, most buyers must take out an auto loan to cover at least part of the ... More

Using Credit Cards Responsibly Can Be Good For Your Finances

It’s a fact: when credit cards are used irresponsibly, they can lead to financial ruin. That’s why they receive a lot of attention for the negative impact they can have on personal finances. However, not all consumers fall victim to living above their means and entering a cycle of revolving debt that can be difficult to ... More

Skipping the Home Inspection Could Have Negative Consequences

Many a homebuyer has watched in dismay as the incremental costs of purchasing a home tick up, up and up some more. The reality is, buying a home is a costly endeavor. It’s no surprise that many prospective buyers look for opportunities to save cash throughout the process, and more than a few consider skipping the home ... More

Start The New Year By Reviewing Your Credit Report

Aside from personal wellness goals, financial intentions are the most popular of New Year’s resolutions topics. Credit counselors recommend reviewing your credit report at least once per calendar year to ensure this all-important picture of your financial health remains accurate, and there’s no better time that the beginn... More

Purchasing an REO Can Be an Arduous Process

As you begin a house hunt, one option available to you is to purchase a real estate owned property, or REO. An REO is a foreclosed home that the lender was unable to sell at public auction. This happens frequently because the minimum bid on a foreclosure is often higher than market value. This is because the bank is attempting ... More

Winter Months Offer the Best Home Deals

If you’re looking to purchase a home and your timeline is flexible, consider buying during the winter in order to score the best deal. The real estate market tends to slow down considerably from November to March, making it a buyer’s market. Since it’s inconvenient to move during the winter, especially in snowy ... More