How much home can you afford to buy?

HowMuchHomeCanYouAffordToBuy

Owning a home is often cheaper than renting a comparable one, but figuring out just how much home you can afford isn’t always easy. While rents are priced in simple monthly amounts, home prices need to be broken down into upfront and monthly payments. So how much home can you afford to buy? Here are some simple guidelines you can use to find out.

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The benefits of a shorter mortgage term

BenefitsOfShorterMortgageTerm

With mortgage rates having risen over the past year, more mortgage borrowers are exploring ways to reduce their interest costs. One of these options are shorter-term loans – loans that are schedule to be repaid in less time. While 30-year mortgages are most popular, shorter terms, such as 15-year mortgages, are also available. A shorter mortgage term requires a larger monthly payment than a comparable longer-term loan, but the tradeoff often comes with attractive benefits. Here are the advantages of a shorter mortgage term.

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RightWayToCancelCreditCard

The right way to cancel a credit card

RightWayToCancelCreditCard

So, you want to cancel a credit card. Whether you should do so and how to complete the task isn’t always so simple, though. Canceling a card requires more than just cutting it up, and retiring that piece of plastic can be either a wise financial move or an unnecessary ding to your credit score. Here’s how to decide if you should keep or cancel your credit card, and how to close your account the right way if you decide to bid it farewell.

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The many benefits of houseplants

HousePlants

Human beings love plants. We take long walks in nature, we obsess over our lawns and gardens and we bring flora into our homes in the form of houseplants. But more than mere window dressing, indoor greenery offers several benefits. Here are the common perks of keeping houseplants in your home or office.

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How to get equity out of your home

TakeOutHomeEquity

Thanks to the major increase in home values over recent years, home equity in America has reached an all-time high of $11.5 trillion. While many homeowners leave their equity untapped as they pay off their mortgages, others withdraw equity when needed for home repairs and renovations, debt consolidation, college tuition, emergency expenses or large purchases. If you need extra funds, here are three ways you may be able to access your home’s equity.

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