July 3rd, 2014

Infographic: Home Mortgage Averages

In honor of the start of summer, we decided to make the housing market the subject of our latest infographic. Scroll down for details on average mortgage sizes and a glimpse at how widely the market can vary based on region.

infographic_Mortgages

Disclaimer: All information posted to this site was accurate at the time of its initial publication. Efforts have been made to keep the content up to date and accurate. However, Credit Karma does not make any guarantees about the accuracy or completeness of the information provided. For complete details of any products mentioned, visit bank or issuer website.

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June 12th, 2014

For Most Americans, the Housing Crisis Isn’t Over

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In the eyes of many economists, the housing and mortgage crisis of the late 2000s is in our national past. According to a recent survey by the John D. and Catherine T. MacArthur Foundation, however, a large majority of Americans don’t feel the same.

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June 6th, 2014

Consumers are Prioritizing Mortgages over Credit Cards

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For the first time since the housing crisis, consumers are now more likely to miss payments on their credit cards than their mortgage.

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June 12th, 2013

6 Reasons Savvy Homeowners Are Not Paying Off Their Mortgages Early

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For many years, homeowners have likely heard the same financial advice: Pay down a mortgage as quickly as possible. But these days, many financial advisers are singing a different tune, telling clients that in some cases it makes sense not to pay off their mortgages early. After all, mortgage rates are hovering near historic lows at around 3.8 percent, and homeowners can get a tax deduction for having a mortgage. Here are six reasons savvy homeowners choose not to pay off their mortgages early.

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May 6th, 2013

The Importance of Home Insurance Scores

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For one out of four Americans, “cash only” is a way of life. 17 million Americans lack access to any type of formal bank account and are classified as “unbanked.” In addition, 51 million Americans do access basic bank services such as a savings account, yet they still rely on alternative financial institutions as well. These individuals might frequent check-cashing joints, fall prey to payday lenders, and often incur exorbitant fees associated with such alternative banking methods.

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September 10th, 2012

Sometimes, Numbers Can Be Misleading

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Personal finance theory is filled with mathematical formulas and calculations, but the successful pursuit of financial independence often requires picking a route that may conflict with what the numbers would initially suggest. Take our investment in housing for example. Naturally, we would hope for a gradual rise in real estate values after we purchase a home because after all, we want to make money in real estate just like the Jonses. Yet, the best scenario for many people is not a price rally. And this is true even if you are a homeowner. Let me illustrate my own situation, which is common in America today.

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May 29th, 2012

5 Ways to Increase Your Home’s Resale Value

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It's no secret that housing prices have suffered over the past few years. In order to sell your home, you need every advantage you can get over your neighbors. If you are about to sell and want to receive your desired price, you will want to dedicate time to working on your home. Below are some tips to help you increase your homes value and sell faster.

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September 9th, 2011

Credit Karma Answers: How do I build credit to buy a house?

Ready to take the plunge into becoming a homeowner? Make sure your credit is in tip-top shape first! Check out these tips, from our Credit Advisor, Justine Rivero.

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August 30th, 2011

Infographic: To Rent or To Buy?

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Think buying a home is no longer a solid investment? Think again! MortgageRefinance.com created the following infographic, using some of the findings from Trulia's American Dream Survey. Check it out!

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August 24th, 2011

Wednesday Roundup: Don’t Believe These 3 Mortgage Myths

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Mortgage rates are near historic lows. Predictions that credit downgrade for the U.S. would send mortgage rates soaring haven’t come to pass (not yet, at least). So far, there are still chances to get incredibly low mortgage rates, whether you are buying a home, or refinancing your current mortgage. MoneyNing

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