Elizabeth Stapleton is an attorney and freelance writer focusing on personal finance and entrepreneurship. Her expertise includes home buying, retirement and taxes. Elizabeth lives in North Carolina.
When you have a mortgage, at some point you may decide to try and pay it off early. One option to consider is a biweekly (every two week) payment plan. With biweekly mortgage payments, you make 26 half-payments a year, which equates to 13 total payments in a year. It can be a good option for those wanting to contribute more money toward a mortgage, without having to commit a large amount of money. However, there are some drawbacks to this method. Read more
It’s easy to feel overwhelmed when buying a home. Finding a home that fits your needs is a challenge all of its own. And when you total all of the factors that you need to consider to make sure it’s a smart purchase – it’s a lot. It’s natural for you to rely on your real estate agent to help you navigate the process. After all, that’s part of the role of an agent. Unfortunately, that’s not always the case. If your real estate agent is acting as a dual agent, it’s not only your interests that he or she has to keep in mind. Read more
Have you ever been told a piece of paper said one thing, only to realize after you signed that it actually said something else? It’s never a good situation, especially when money’s involved. Fortunately, the Truth in Lending Act (TILA), passed in 1968, provides several protections to borrowers. One protection under the TILA is the right of rescission. The right to rescind an agreement and receive all funds back, no questions asked, was developed to protect consumers entering certain contracts. Read more
Veterans and service members who want access to VA benefits must provide certain documentation. For example, members of the National Guard who want to qualify for the VA home loan program must submit… Read more
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