June 20th, 2008
The last personal finance tip was about buying a home. And when you do buy that home, the best thing to do is to:
Get a traditional mortgage.
The subprime mortgage crash has taught many of us valuable lessons. One of those should be that “creative” products like ARMs and interest only home loans should be avoided […]
By miranda -- 0 comments
June 20th, 2008
Your most valuable asset is probably your home. But can you afford it?
Buy a home you can afford.
Just because you can get approved for a big loan, doesn’t mean that it is a good idea. Stick with a home you can afford. Do you really need a McMansion?
This post is part of the b5media Business […]
By miranda -- 0 comments
June 20th, 2008
My all time favorite personal finance tip heads the list as I kick off my part in The Great B5 Media Blog Off.
Personal Finance Tip #1:
Spend less than you earn.
Truly, this is the foundation for solid personal finances.
This post is part of the b5media Business Channel Great Blog Off! Find out more about the Blog […]
By miranda -- 3 comments
June 6th, 2008
In California, one of the hardest-hit areas of the housing market crisis, one builder has a promotion that has been working for decades: Buy one, get one free.
That’s right. If you buy one expensive house, you can get a less expensive house for free.
Tags: buy one get one, free house, Friday Fun Video, housing […]
By miranda -- 0 comments
February 7th, 2008
Even with falling home prices, housing affordability remains an issue for some in the middle class. Inman News reports on housing affordability:
Workers in the five highest-growth occupations — including registered nurses, retail salespersons, customer service representatives, food preparation workers and office clerks — cannot afford to buy a typical home in most of the 201 […]
By miranda -- 0 comments
February 1st, 2008
We’re all looking at tax season as it looms upon us. And there are plenty of new rules to consider this year (the forms have barely been changed in time in many cases). And one of those is the rectification of a quirky tax rule.
Before, if you had a measure of mortgage debt forgiveness, you […]
By miranda -- 2 comments
January 28th, 2008
One of the beefs that many mortgage lenders and the National Association of Realtors have had when it comes to “economic stimulus” has been a lack of attention for the conforming loan limit. Now, that is likely to change.
In all the hoopla surrounding last week’s tax rebate announcement, the fact that the new plan allows […]
By miranda -- 0 comments
December 6th, 2007
B5 Apprentice continues! This week’s challenge has to do with whether to buy or rent. While the challenge has to do with a hypothetical business, the analysis can be applied, in part, to your own questions about buying or renting a home.
And remember: buying a home to live in is completely different from a real […]
By miranda -- 0 comments
December 3rd, 2007
As the holiday gift giving season moves into seriously high gear, one of the questions I have received is whether or not a home is a good gift. So I thought now might be a good time to address it.
Just so you know, I am not a tax attorney, or a professional (like Taxgirl is), […]
By miranda -- 0 comments
November 20th, 2007
For the savvy investor, it is possible to find opportunities all around, and especially in times like this. The subprime lending crash has created a number of opportunities, from cheap real estate stocks and REITs to the opportunity to take advantage of the current buyer’s market in many areas. And one way to do this […]
By miranda -- 2 comments
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