With real estate prices shooting up over the last few years, some people have taken advantage of this situation by tapping into the increased value. One housing trend that some investors have tested.
If you sat on the sidelines watching the housing market and waiting to buy in 2023, you saw a mix of circumstances that led to unfavorable conditions, with record-high mortgage rates and low.
If you’re in a relationship with someone with less than ideal credit who wants to purchase a home, they may ask you for help getting a mortgage. If you have good credit, being a co-signer will help improve their approval chances. However, you need to weigh your options and decide if being a co-signer will be the best choice.
Rachel Cruze is a financial expert skilled in guiding people through the steps to paying off debt, setting a budget and saving an emergency fund. She recently shared her real estate insights with finance consultation site Ramsay Solutions, breaking down the 10 steps you should follow to buy a house without compromising yourself financially.
For most Americans, a home is the biggest purchase they make in their lifetimes, and mortgage payments typically take up the biggest percentage of the family budget. The numbers don't lie acording.