The article below was composed by a guest contributor. If you are interested in writing for My Money Design, please feel free to contact me.
It doesn’t matter who you are: When you finally get ready to make that big leap to owning your first home, the sentiment can be invigorating! Your home is your castle, and there is nothing like coming home from work to a piece of land that you own. But within all that excitement the process of how to apply for a home loan can also have its own set of challenges. There are lots of rules to getting a mortgage and at many times it may feel confusing or frustrating.
Fortunately if you are prepared ahead of time before you apply for a mortgage, much of this burden can be mitigated and the application process can go a lot more smoothly. Here is how to prepare for a home loan in a few simple steps:
Another one bites the dust ….
It’s getting to be a sad site walking around our little neighborhood. All around us there are houses that have slipped into foreclosure. It’s obvious when it happens.
First the house gets really quiet. Then the yard starts turning brown and overgrown. And then it becomes official – the bank comes along and posts a legal notice in the window letting everyone know that the people who used to live their let their conventional home loan slip into default.
The following post is a guest contribution. If you’d like to write for My Money Design, please feel free to contact me.
So you’ve finally made it! You’ve worked and sweat, and you and your family are finally ready to purchase the house of your dreams. Building a new home can be a fun and exhilarating experience! But all the steps to building a house can also be a stressful process if they are done incorrectly.
The following post was provided by guest contributor Andrada Mihailescu. If you are interested in being a guest contributor for My Money Design, please feel free to contact me.
Math. For some people it sounds like fun. For other people, it sounds like a chore.
Have you ever wondered why there is so much emphasis on it from such early age? Why we spend so much time with all the numbers, symbols, and equations?
It turns out that as we get older, there is no escaping math. It doesn’t matter whether you’re an artist, engineer, plumber or university teacher – you’ll need to know your way with numbers.
In keeping with the Halloween theme this week and the fact that this is a personal finance blog, I thought I’d combine those two aspects into a topic question for the day: What’s your scariest money story? It could be a story about something that happened to you in real life or an actual nightmare you had money. Either way will work.