Mortgages

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Lending Your Child Money to Buy a Home

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

3 free ways to pay your mortgage faster

Paying extra on your mortgage can shave years off your home loan and save tens of thousands of dollars in interest charges. Here’s how to get all of the benefits of paying off your mortgage more quickly without wasting hundreds of dollars a year on an accelerated payment plan.

Smart Moves for Buying a Foreclosure

Deals on foreclosures are still out there. But they’re not as easy to find as they were a few years ago, and you still need to avoid all of the costly pitfalls that can turn any repossessed home into a burden, not a bargain.

When Not to Refinance Your Mortgage

Here are the potential problems if you’ve had your home for a long time, plan to move soon or have a prepayment penalty.

What You Should Keep In Mind When Buying a Condo

If you’re in the market for a condo, picking a unit that will be easy to resell down the road is a critical consideration. You need to consider the location, layout and amenities that will appeal to potential buyers when you’re ready to move on.

Why Hiring a Home Designer is a Good Investment

A home designer can dramatically increase the probability that you’ll like how your renovation project turns out, making sure it’s functional, visually appealing and holds up well to use.