Adaeze Nwakaeze, Author - MoneyTips

Is Buying a House a Good Investment?

Adaeze Nwakaeze — Tue, 14 Feb 2023 19:59:23 +0000

Is buying a house a good investment? The short answer is usually yes – but only if you’ve considered all the potential financial rewards and risks associated with homeownership. While buying a home can be incredibly rewarding when done right, it’s crucial to understand that the profitability of a home purchase will depend on many...

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How Does Refinancing Work?

Adaeze Nwakaeze — Mon, 19 Dec 2022 17:02:40 +0000

Are you stuck with a mortgage that no longer works for you? Maybe your interest rate is too high, or you’re struggling to make your monthly mortgage payments. Maybe interest rates are falling or your credit score is rising, and you want a better deal. No matter the reason, refinancing your mortgage could be the...

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FHA vs. VA Loan: What’s the Difference and Which One Is Right for You?

Adaeze Nwakaeze — Mon, 19 Dec 2022 16:23:11 +0000

Plunging into homeownership is a big deal. You want to make sure you’re getting the best deal possible, and that starts with researching your loan options. Federal Housing Administration (FHA) and Veterans Affairs (VA) loans are two of the most common government-backed mortgage programs – but they offer very different benefits for borrowers. So which...

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What Credit Score Do You Need To Buy a House?

Adaeze Nwakaeze — Tue, 06 Dec 2022 21:22:16 +0000

Between our roller coaster job market and saving for a down payment while battling inflation, buying a house can feel unattainable for many of us. Add to that our anxiety over good or bad credit scores, and it may feel like you’ll never own a home. But contrary to popular belief: You don’t need a...

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What Is a 15-Year Fixed Mortgage?

Adaeze Nwakaeze — Fri, 18 Nov 2022 19:57:00 +0000

Mortgages come in a variety of proverbial flavors. There are short-term mortgages, long-term mortgages, mortgages with variable rates and mortgages with fixed rates. The varieties are endless – and as anyone who has spent time in an ice cream shop knows – it can be challenging to decide on the flavor you want. If you’re...

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What Is an FHA ARM?

Adaeze Nwakaeze — Thu, 17 Nov 2022 21:01:17 +0000

Are you ready to purchase a home but worry you may not qualify for a mortgage? Have you considered the FHA’s adjustable-rate mortgage (ARM)? The FHA ARM (which is insured by the Federal Housing Administration) may be the loan that makes your home buying dreams a reality. The credit score and down payment requirements for...

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Reverse Mortgage Problems for Heirs and What To Do Next

Adaeze Nwakaeze — Wed, 09 Nov 2022 15:50:55 +0000

If you’ve recently lost a parent or loved one, you are likely feeling all kinds of emotions right now – shock, sadness, confusion and anxiety, to name a few. Your confusion and anxiety will likely intensify if you get a notice from a lender telling you the home you’ve inherited has a reverse mortgage, and...

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Homeowner Guide: How To Prepare for a Winter Storm

Adaeze Nwakaeze — Fri, 04 Nov 2022 18:18:27 +0000

Winter is almost here again! You can already envision hot cocoa by the fire, cozy nights in front of the TV, and weekends spent sledding and building snowmen. But along with all the fun winter brings, there’s also the potential for severe weather – including blizzards. And if you are not prepared, a blizzard can...

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Should You Lease or Buy Solar Panels?

Adaeze Nwakaeze — Thu, 27 Oct 2022 18:38:19 +0000

Have you been thinking about going solar? You’ve seen the commercials and are excited by the prospect of joining the renewable energy revolution, lowering your electric bills and doing your part to save the environment. But you can’t greenlight the purchase yet because you don’t know whether to lease or buy solar panels. It’s a...

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What are Zoom Towns? Why Remote Workers are Moving

Adaeze Nwakaeze — Mon, 24 Oct 2022 18:47:27 +0000

With the COVID-19 pandemic establishing a new remote work culture, more and more professionals are pursuing the Zoom town life as remote workers – making a living working from home or elsewhere outside of an office. Thanks to the increased popularity of online meetings and virtual events, you can Zoom into work from anywhere. So...

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Using a Personal Loan To Buy Land: Everything You Need To Know

Adaeze Nwakaeze — Tue, 27 Sep 2022 19:29:11 +0000

Imagine driving down a country road and seeing a “For Sale” sign nailed to a post in a field. The land is beautiful. It has rolling hills, a river and tall trees. It’s a lucky find because you’ve always wanted to own property. All you need to do is figure out how to finance the...

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Real Estate vs. Stocks: Which Is the Better Investment?

Adaeze Nwakaeze — Fri, 02 Sep 2022 19:21:07 +0000

Real estate and stocks are two of the most popular investment options. Both can be profitable, but each has its own risks and rewards. So which is the better investment? Well, it depends on a variety of factors, including how much you have to invest, your risk tolerance and your overall investment goals. To help...

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