Rule number one – don’t go house poor when buying a new home. Experts say your house payment should be approximately 25% of your take-home pay, while others say you can go as high as 30% – if you have no other outstanding debt and do not...
Category - Mortgage
Tina RothChoosing a Mortgage Term That Fits
Like many decisions in life, there’s no one-size-fits-all approach to choosing a mortgage term. Although a 30-year fixed-rate mortgage is the industry standard, it’s possible to get a loan of virtually any length these days, from a 5-year to a 40...
How to Get your Mortgage Provider to Permit You to Sub-Let Rooms
Sub-letting a spare room in your home could be reliable way to help with your mortgage arrears. However, it may affect the tax you pay or any benefits you are entitled to. How do you go about it? If you are only letting a lodger for a few days- say...
