Key takeaways Tax lien investing is a potentially high-yielding — but risky — real estate investment strategy. Investors cover an unpaid property tax bill upfront…
Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community property or common law marriages, and these laws determine how marital debt…
Key takeaways Based on the 28/36 rule, you should aim to spend a maximum of $2,333 per month on your housing costs if you earn $100,000 each year. If you’re trying to budget for buying a home on a $100,000 salary, pay close attention to how much of your earnings…
Key takeaways To prepare for getting a mortgage, figure out what you can realistically afford, how much you’ll have saved for a down payment and if you need to improve your credit score before applying. Comparing offers from multiple lenders — at least three — could save you a significant…
Key takeaways Significant home renovations can impact the value of your home, and you may need to adjust your homeowners insurance accordingly. Adding square footage or valuable upgrades could increase your insurance premium. Renovations that reduce your risk of a claim, like a roof replacement or new security system, could…
StacieStauffSmith Photos/Shutterstock Key takeaways An easement is a legal right to use part of someone else’s property for a specific purpose, such as a shared driveway or utility access. Easements are typically documented in property records and often remain in place even if the property changes owners. Easements can be…
Editor's Picks
Personal Finance
More Articles
Dept Management
Markets
More Articles
Small Business
More Articles
Key Takeaways In real estate, first-lien loans (primary mortgages) let you finance a home purchase, while second-lien loans (home equity loans or HELOCs) let you tap your home’s value for cash. The holder of the…
