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2021 Average Savings by Age Group
If you have enough money, putting some kind of savings aside for both short- and long-term goals is important. After covering general expenses for your daily or monthly budget, an emergency fund could help you prepare for short-term costs such as … Continue reading →
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Rent-to-own vs renting: which is best for you?
Average Net Worth by Age – How Does Your Wealth Compare?
Understanding Your Mortgage APR
Your APR, or Annual Percentage Rate, is an important term for any potential homebuyer to know. Distinct from your interest rate, your mortgage APR tells you the overall cost of your mortgage loan, taking into account both your interest rate as well as any additional costs. Understanding what an APR is and how it can […]
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The Cost of Living in Detroit
Detroit was hit hard by the 2008 recession, but it’s bouncing back strong.
The post The Cost of Living in Detroit appeared first on The Rent.com Blog : A Renterâs Guide for Tips & Advice.
Understanding the Different Types of Mortgage Loans
An important first step for aspiring homebuyers is to decide which type of home loan will best serve their needs. The interest rate, length, down payment, borrower qualifications, and extra fees associated with different types of mortgage loans will all play a role in the decision. To help make the choice a bit easier, letâs […]
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How Long Does a Mortgage Preapproval Last?
Mortgage preapprovals more than 3 months old are generally considered out of date, but letters can last as long as 180 days. Depending on how long your search is, you may need to renew it more than once before closing on a home. Having a letter of preapproval from a financial institution can help ensure […]
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When Should You Pay in Cash?
It may seem old school to whip cash out of your wallet to pay for your purchases. But there are times when good-old greenbacks can actually be a better way to pay than tapping your credit card. While credit can be a quick and convenient way to pay, using cash for many of your routine […]
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