August 1st, 2014

Foreclosures Have Fallen Sharply Over the Last Few Years

Foreclosures Have Fallen Sharply Over the Last Few Years

Recent news about the state of the housing market is good, but not great. One big, positive takeaway, though, is the sharp decrease in foreclosures and, correspondingly, in “distressed” housing sales.

As recently as 2011, distressed sales made up a full 30 percent of all housing sales. By 2013, that number had been cut in half to 15 percent, and in the month of June it rested at just 11. While the steep decline in distressed sales has caused overall sales numbers to dip, traditional or non-distressed property sales have risen over the last year, marking a noticeable recovery in the market.

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September 6th, 2013

Link Roundup: How to Save Money for the Down Payment on a House

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How to Save Money for the Down Payment on a House "Unlike most items we purchase these days, a house isn’t something that you can go out and buy today if you decided that you wanted to. It can take months or years of planning before you’re ready to proceed. One of the biggest reasons for this is the need to save money for the down payment—and the larger the down payment, the better. What are the best ways to do it?" Cash Money Life

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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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April 25th, 2013

10 U.S. Cities with the Lowest Mortgage Debt

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Last month we took a look at which U.S. cities have the highest student loan debt. This month we thought it’d be interesting to take a look at the 10 U.S. cities with the lowest mortgage debt. Interested in buying inexpensive property in any of the following cities?

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December 21st, 2012

Link Roundup: Four Ways to Pay Off Your Home Faster Than You Thought Possible

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Four Ways to Pay Off Your Home Faster Than You Thought Possible "Most people don’t think about paying off their homes aggressively. We all grew up hearing how long it takes to finally own a home, and even the bank makes it seem like it should take decades (which is in their best interest, not yours). Combined with all the economic doom and gloom floating around, aggressively working to own your home sounds a bit crazy." Three Thrifty Guys

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November 16th, 2011

Wednesday Roundup: How to Spend Less Without Starting a Budget

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How to Spend Less Without Starting a Budget "Some of the most common advice for helping someone spend less is to start a budget, but this approach doesn't always work." Wise Bread

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November 5th, 2011

How Do I Build My Credit Score to Buy a House?

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Whether you want to buy a house, a house of pancakes, or a shrine dedicated to House of Pain’s 1992 hit “Jump Around,” good credit will get you the loan you need at the lowest interest rate possible. But even if you have a bad credit score from unpaid hospital bills after an unfortunate jumping around-based injury, there are still lots of things you can do to improve your credit health.

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September 14th, 2011

Wednesday Roundup: Collecting – Hobby or Money Pit?

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"Collections have a purpose in life...They make you happy, they have sentimental value or they have a monetary value. But sometimes, they’re just junk collections waiting to be tossed by people you love." Fabulously Broke in the City

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September 7th, 2011

Financial Tips for a Congressman With a Six-Digit Salary

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Believe it or not, Congressmen have a hard time paying their bills, too.

You may remember the video of Rep. Sean Duffy of Wisconsin talking about his budget woes. He readily admitted that, even with his six-digit salary, he’s “struggling.” While the 45-minute video of the public townhall has since been removed from the internet, TPM retained a one-minute clip, in which Duffy specifically speaks to his struggles.

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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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