What Affects Your Credit Score?

Lenders use your FICO score, which falls between 300 and 850, as a predictor of your likelihood to repay debt. Your credit score will determine if you can borrow money to buy a car or a house or obtain a student loan. It will also play a role in establishing the interest rate on your loans. Your score is determined …

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Managing Rental Property: DIY or Hire Property Manager?

Rental properties can provide a good method of wealth building, especially when the cost of buying property is lower than it has been in previous years and rents remain high. A real estate investor who has good credit can get a loan with a small down payment, buy a rental property and let the monthly rent make the loan payments. …

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buying-foreclosure

Tips for Buying Foreclosures

According to RealtyTrac, foreclosure notices in October have increased by only one percent since the previous month. Although the past year has seen a steady decrease in the number of filings, it’s still a market with a great deal of profit potential for the real estate investor and bargain prices for the first-time homeowner. The overall process for buying foreclosures …

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How to Buy a Short Sale

One of the most visible effects a turbulent national economy has had on the housing market is the increase in houses and condos being offered as short sales. A short sale occurs when a house, condo or property is sold for an amount that is less than the balance due on the mortgage. At first glance, it can seem like …

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retirement savings

Saving for Retirement: How Much Do I Need?

Saving for retirement is essential, yet many working adults are not adequately educated on the amount of money they need in order to live comfortably in their golden years. The exact amount of money needed for retirement varies from person to person based on numerous factors. Calculating the amount of savings hinges upon spending habits, longevity, and healthcare. Spending Habits …

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