If you’re renting and seriously considering buying a home, you may already be taking stock of every dollar you could put toward it. Your savings. A tax refund. Maybe some help from family. A winning lottery ticket, perhaps. Then you remember the security deposit your landlord is holding! That could be hundreds or even thousands of dollars. It’s easy to include the money in your mental tally. After all, you paid it and may fully expect to get it back. But if you’re trying to time your closing...

At a 2.50% mortgage rate, around 47% of your very first P&I payment already goes toward principal. For a borrower with a 10.00% interest rate, that share drops to just 5.0% on the first payment ResiClub PRO Report Every fixed-rate mortgage payment has a split between principal and interest (P&I), but the ratio isn't fixed. It shifts every month as your balance shrinks. This is due to amortization: because interest is charged on your remaining balance, and your balance shrinks with every...

If you’re looking for a unique property, you’re in luck! The world’s tallest thermometer recently hit the market for sale! It’s perfect if you happen to have a 134-foot tall roadside attraction with 4+ acres on your wishlist. While you probably aren’t in the market for a giant thermometer in the middle of the desert, it’s a great metaphor for something that happens constantly in real estate. Whether they’re aware of it or not, people often decide whether they should buy a home based upon...