Matthew Jones, Author - MoneyTips https://moneytips.com/authors/matthew-jones/ Finally, money tips that make cents. Thu, 08 Feb 2024 15:25:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 Home Loans for Teachers: Affordable Mortgages and Assistance https://moneytips.com/mortgages/home-loans-for-teachers/ Tue, 20 Dec 2022 21:07:24 +0000 https://moneytips.com/?p=17695 Given today’s home prices, buying a home on a teacher’s salary ain’t easy. If you’re a teacher and aspiring home buyer, you should know that many home loans are specifically designed for educators to help them purchase real estate. And you can also take advantage of mortgage assistance programs to help make buying a home...

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]]> FHA Approved Condos: How To Find and Buy Yours https://moneytips.com/mortgages/fha-approved-condos/ Tue, 20 Dec 2022 17:19:24 +0000 https://moneytips.com/?p=17681 If you qualify for an FHA loan, but you can’t find or don’t want a traditional house, you could opt for a condominium. Like houses, condos need to be approved by the Federal Housing Administration (FHA) before they’re added to the official list of FHA-approved properties. This means you’ll need to pick from available FHA-approved...

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]]> How To Buy a House With Low Income https://moneytips.com/mortgages/applying/mortgage-affordabilty/how-to-buy-a-house-with-low-income/ Mon, 19 Dec 2022 15:23:36 +0000 https://moneytips.com/?p=17592 Buying a home is expensive – period. And while borrowers with lower incomes will likely find the home buying process far more challenging – they aren’t necessarily locked out of the housing market.  Lower-income borrowers can take advantage of private mortgage loans and public home buyer programs to help purchase a home.  It’s all about...

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]]> What Is a Fannie Mae HomePath® Property: Is It Right for You? https://moneytips.com/mortgages/types-of-mortgages/conventional-mortgage/homepath/ Fri, 09 Dec 2022 14:10:38 +0000 https://moneytips.com/?p=17247 The Fannie Mae HomePath® program is a great way to buy a home at a more affordable price than you might find on the open market. Getting a mortgage through HomePath® could save you thousands of dollars on your down payment and closing costs. In this guide, you’ll learn everything you need to know about...

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]]> A Guide to HELOC and Home Equity Loan Closing Costs https://moneytips.com/loans/home-improvement/home-equity-line-of-credit/home-equity-loan-closing-costs/ Mon, 21 Nov 2022 17:08:36 +0000 https://moneytips.com/?p=16799 Home Equity Lines of Credit (HELOCs) and home equity loans are two of the most popular ways for homeowners to borrow money at low-interest rates. HELOCs give a rolling line of credit with a variable interest rate, while home equity loans provide a lump sum upfront with a fixed rate.  Each loan type has financial...

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]]> Can Student Loans be Used to Pay Rent? https://moneytips.com/loans/student-loans/student-loan-management/can-you-use-student-loans-for-rent/ Fri, 18 Nov 2022 14:02:48 +0000 https://moneytips.com/?p=16695 Student loans can be used to pay for rent. Additionally, you can use funds from student loans to pay for other living expenses, like food and transportation.  However, there are some limitations you should know. So in this article, we’ll take a deep dive into what you can do with your student loan and how...

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]]> USDA vs. FHA Loans: Understanding the Difference https://moneytips.com/mortgages/usda-vs-fha/ Thu, 17 Nov 2022 20:19:55 +0000 https://moneytips.com/?p=16683 Buying a home can be an expensive pursuit. Fortunately, there are strategies you can take advantage of to lower your home buying costs.  If you are an aspiring home buyer with a low- to moderate-income, you should explore the different loan options at your disposal. If you’re struggling to qualify for a conventional mortgage because...

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]]> Do VA Loans Have Closing Costs? https://moneytips.com/mortgages/types-of-mortgages/va-loans/do-va-loans-have-closing-costs/ Mon, 14 Nov 2022 20:07:09 +0000 https://moneytips.com/?p=16556 Qualifying service members, veterans or surviving spouses turn to VA loans to help make buying a home less expensive and becoming a homeowner more affordable. With a VA loan in hand, borrowers can close on a new home without a substantial amount of money upfront.  One of the biggest benefits of a VA loan is...

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]]> How To Avoid Capital Gains Tax on Inherited Property https://moneytips.com/homes/buying/home-insurance-taxes/how-to-avoid-capital-gains-tax-on-inherited-property/ Tue, 08 Nov 2022 18:17:44 +0000 https://moneytips.com/?p=16186 Inheriting a home from a loved one can be a gift … and a challenge. There are plenty of ways to put inherited assets to good use, but capital gains taxes may put a damper on your plans.  Understanding how capital gains taxes work can help you decide whether to move in, sell the property...

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]]> Should Doctors Consider a Physician Mortgage Loan? https://moneytips.com/mortgages/types-of-mortgages/non-conventional-mortgage/physician-mortgage-loans/ Fri, 28 Oct 2022 18:33:54 +0000 https://moneytips.com/?p=15967 If you’re a recent medical school graduate, you may have heard of physician mortgage loans, also known as doctor loans. Considering the student debt that usually comes with medical school, it’s natural to look into all of your mortgage options. Learn everything you need to know about physician mortgage loans, how they work, how to...

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]]> Things To Consider When Buying a Home With Solar Panels https://moneytips.com/homes/buying/home-buying-costs/buying-a-house-with-solar-panels/ Thu, 27 Oct 2022 18:13:20 +0000 https://moneytips.com/?p=15951 Buying a house with solar panels can be an appealing opportunity. It’s a modern, environmentally friendly option that can substantially lower your electricity bills, increase your home’s value and allow you to commit to a more sustainable lifestyle.  Despite its benefits, buying a home with solar panels can present some unique complications, especially if you...

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]]> How To Avoid Foreclosures: A Homeowner’s Guide https://moneytips.com/mortgages/management/mortgage-payments/how-to-avoid-foreclosure/ Thu, 27 Oct 2022 17:58:10 +0000 https://moneytips.com/?p=15944 Every year, thousands of Americans face the frightening prospect of losing their homes to foreclosure. And many homeowners enter the foreclosure process not knowing what steps they can take to avoid the stressful scenario.  Use our guide to help you stay in your home. You’ll better understand foreclosures and how they work and – most...

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