Category Archives: Mortgage & Refinance

What Size Mortgage Can I Afford and How Can I Figure That Out?

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How big is “too big” when you’re thinking price tag on a new house? That’s the question that’s on everyone’s mind when they first go new-home shopping: What size mortgage can I afford? It’s a prudent thing to ask and sensible when it comes to your finances.  Part of the whole Great Recession in 2009 was an issue with home buyers taking on far too high of a mortgage value than they could afford.  (That and getting […]

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Steps to Building a House You Can Love

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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. Before […]

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How Much Money Would I Make If I Rented Out A House?

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When it comes to buying stocks, the old rule of thumb is to “buy low and sell high”. If you’re fortunate enough to understand this saying, then you’ll know that it doesn’t just apply to stocks. It’s meant to teach you to look for opportunities. So even though the value of my home seems to go down, down, down every year, perhaps therein lies an opportunity. As I walk the dog through my neighborhood, there is an […]

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Dos and Don’ts in Mortgage

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Are you looking to buy a house? The purchase of your home may be the largest expenditure you will have in your life. Therefore, applying for a home loan is a process that you should not take lightly. The cost of a house is just your beginning expense. Points and the interest you must pay for a mortgage during the term of your loan will be much more than the price of the house. That’s why paying […]

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