What is a Reverse Mortgage?
The reverse mortgage is a taboo financial product. Dave Ramsey calls them a scam. They are confusing and prone to abuse. However, academic research supports their responsible use. In [...]
Should I Put 20% Down When Buying a House?
Traditional financial advice says to have a down payment of at least 20% when buying a house. But is this still necessary today? Where did the 20% rule come [...]
What is a Conventional Mortgage?
Let’s be honest—the word “mortgage” is intimidating. Adding the word “conventional” just makes it confusing. What exactly is a conventional mortgage? Aren’t all mortgages the same? Allow me to [...]
Do’s and Don’ts of Buying a House
You may have heard horror stories from people who have been through the mortgage process. In reality, obtaining a mortgage can be complicated. Below are some things to do [...]
Preapproved or Prequalified: Which is Best?
When buying a home, the words “prequalified” and “preapproved” are often part of the initial conversation. They may sound the same, but they are actually quite different. Having one [...]