Moving Out of Your Parents’ House: The Costs and What to Expect
By Mike Bennett, Sr. Mortgage Loan Officer
Moving out of your parents' home is another line item on the list of adult firsts. It is a rite of passage signifying independence and maturity, but sprinkled with a big dose of reality. Like any important decision, weigh the pros and cons before doing anything in haste. If you decide to move on, be prepared for what's in store.
Depending on your financial situation, career path and life goals, determine if you want to rent or buy. If you think you are ready to buy a house or condo, you will need to qualify ...
Selling Your Home During a Divorce
By Chris Trumble, Mortgage Loan Officer
The decision of going through a divorce on its own can be a difficult process to manage for all parties involved. Owning a home and making decisions about what to do with the property before, during, or after the divorce process can also be challenging. There are essentially three choices to be made concerning the home when contemplating a divorce:
Sell during the divorce process
One spouse to retain ownership after the divorce while buying out the other for their half of the property
Selling the property after the divorce is finalized with an agreed ...
What to Do With Your Parents’ Home When They Pass
By Stanley Zajdel, Mortgage Loan Officer
The passing of one’s parents is a difficult time. The most important thing you can do is take time to grieve. Try not to make any important decisions about your parents’ home until you are in the right state of mind. Once you are ready, make sure the estate has been through probate and has passed on to the proper heirs and beneficiaries according to their will. Consult with an attorney to handle probate. It can be a complicated process, but doing it right the first time will save you unwanted frustration and money in ...
How to Manage Getting Married and Buying a Home
By Carrie Soffia, Mortgage Loan Officer
Congratulations on your upcoming nuptials! Wedding plans have begun and you decide to start looking for a new home to begin your life adventure in. Before making these two big commitments, consider your options, make a plan, budget accordingly, and don’t forget to breathe!
Consider Your Options
To buy or not to buy a home before your big day? That is one question to consider! Determine the financial impact it will have on your immediate future. Some cost saving options would be asking family or friends to help out by gifting flowers, catering, and videography or photography ...
5 Smart Ways to Use Your Tax Refund
With the tax deadline looming, you may have already received your refund or are eagerly awaiting it. While it’s tempting to treat a lump sum of cash like “free money” and blow it on clothes, vacation, or a tricked out top-of-the-line golf cart, look at it as a withdrawal from a savings account you didn’t know you had. It’s your money, after all! Here are some smart ways to use your tax refund:
Add it to your retirement account. If you’re like many Americans, you might be a little behind when it comes to retirement savings. You might be able to ...