A mortgage preapproval and your home financing timeline

In this era of instant credit card approvals and next-day shipping, you might expect getting a mortgage to be equally speedy. However, while the Internet, smartphone apps and other technology have sped up parts of the mortgage process, getting a home loan can still take weeks. Since homebuying can be a time-sensitive endeavor, your mortgage ...

Could you save money by home shopping in a different month?

Many products have seasonal prices, and this can be true of homes as well. Some studies have suggested that buying a home later in the year can potentially save you thousands on your purchase, though there are some tradeoffs to consider. While there are no guarantees in the world of real estate markets, here are some ...

Should you choose a fixed-rate or adjustable-rate mortgage?

Fixed-rate and adjustable-rate mortgages each offer distinct advantages and disadvantages. While the traditional 30-year fixed-rate mortgage is still the most popular option, an adjustable-rate mortgage (ARM) may be the better choice in some situations. Here’s how each loan type works and how to decide which type is right for you.

6 important money lessons to teach your children

Money management is an important skill for children to learn, but it’s a lesson that many parents fail to provide. To be fair, talking about money is often difficult. The topic can be personal, technical and moral. Some parents are not confident enough in their own knowledge to pass it on, and others are so ...

The basics of condo ownership

The classic image of the American Dream may include a freestanding house (with or without a picket fence), but for a significant number of Americans, condominiums are home sweet home. City residents, singles, couples, seniors and others may find this type of homeownership to be the best fit for their needs and budget.

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