Tips & Advice


Funding Retirement With Your Home

"Your home can be used to give your retirement savings a quick and significant boost. But each of these ways of tapping your home equity also comes with potential pitfalls. Here's how your home can help you to pay for retirement. Pay off your mortgage. Owing a home mortgage-free eliminates one of your biggest monthly bills. While you will ... More

Obama Expected to Sign Tax Break Bill for Some Homeowners

On Tuesday, Congress elected to extend several expired “temporary” tax breaks for 2014, and included in there are a couple of deductions for select homeowners. First, homeowners paying mortgage insurance premiums will be able to deduct he cost of the their premiums if they itemize their deductions. And anyone who has foreclosed on a ... More

Millennials Can Afford to Buy – Just Not Where They Live

In a new report by the Washington Post, it has been found that many millennials could afford to buy a home right now – just not in the cities where they currently live. Many young people tend to gravitate toward certain cities, like San Francisco, New York and Austin. The bad news, though, is that those are among the 10 least affordable ... More

Experts Weigh in on Investing in Housing Versus Stock Market

Although the government has once again been pushing for home ownership as the best way for individuals to build wealth, financial experts are quick to caution against it. “It would perhaps be smarter, if wealth accumulation is your goal, to rent and put money in the stock market, which has historically shown much higher returns than the ... More

Realtor.com Releases List of Top Housing Markets for 2015

As the job market continues to improve and first-time homebuyers make their way back into the house hunt, 2015 is expected to see a significant improvement in home sales nationwide. Taking several data points into consideration, including population growth, affordability and employment, Realtor.com has targeted the 10 most promising housing ... More

Experts Recommend to Always Consider Schools When Buying a Home – Even if You Don’t Have Kids

According to a new report by the Washington Post, it’s important to research school districts in your area when buying a home, regardless of whether you have children. On average, homes in areas with good quality school districts cost approximately $50 more per square foot than homes that fall elsewhere. In one extreme example given by ... More

Advice for Retirees When Downsizing: Part 5 of 5

When considering a move to a smaller property, experts suggest looking for a place that comes with a price tag you can afford to pay off without having to take out a new mortgage. For one, most retirees live off of Social Security, savings accounts and other minimal funds. Plus, says Thomas Scanlon, an adviser with Raymond James in ... More

Advice for Retirees When Downsizing: Part 4 of 5

As you begin to discuss your downsizing options, you may throw around the idea of maintaining two smaller homes: one in your current locale and one in a place with a more temperate winter climate. But experts recommend weighing the financial obligations of this idea very carefully before diving in. “My own experience owning a house is ... More

Advice for Retirees When Downsizing: Part 3 of 5

We’ve all heard it a million times: Location, location, location. The old adage is just as important when downsizing upon retirement as it when buying for the first time. In addition to understanding how your taxes and other expenses will be affected by your new locale, it’s also a good idea to keep your healthcare options in mind. ... More

Advice for Retirees When Downsizing: Part 2 of 5

When downsizing, you may be lucky enough to walk away with some extra cash at closing. To make the most of that money, the best thing to do is invest some - if not all - of it right away, before it's suddenly gone. “People have a tendency to look at that as found money” and spend it too quickly, explained Larry Luxenberg, managing ... More