A Guide to Contingent Contracts When Purchasing a Home
Finding the perfect house you want to buy is exciting. However, still having your current home up for sale throws a wrench in your plans. The expense of buying a new home while still paying the mortgage on your current home as it’s on the market is financially daunting. One option you have when placing an […]
What Is a Balloon Payment on a Land Contract?
Whether you’re thinking about buying a home or considering investing in real estate, obtaining a mortgage may lead to high monthly payments. With a traditional home mortgage, you finance the purchase price of the property minus your down payment with the addition of interest. If you’re in a tight spot financially, the home loan terms […]
A Guide to Interest-Only Mortgages
Home mortgages are associated with high monthly payments, discouraging many renters from feeling they can afford to purchase their own homes. However, there are different types of home loans that make home buying more affordable. Interest-only loans allow a buyer to pay only the interest on their mortgage for a certain period of time. Potential homebuyers with […]
How to Avoid These “Easy Money” Scams
Making a little extra money always sounds like a nice idea, especially when you’re short on cash. But some “easy money” promises are actually scams in disguise. These easy money scams lure in victims by promising them little to no commitment or investment for a huge profit. As soon as a victim bites and begins […]
How to Avoid Western Union Scams
Western Union is a company that offers financial services online or at locations throughout the world. You can cash a check at a Western Union location or send money to a family member or relative who lives far away. To send money, you provide the recipient’s information, the transfer amount, and your bank account information or […]
How To Spot a Fake Cashier’s Check
Cashier’s checks are issued directly from the bank and guaranteed by the financial institution, making them more secure than a regular personal check. A cashier’s check is similar to a money order but can usually be issued for higher dollar amounts. You may be asked to provide a cashier’s check for large purchases, such as the […]