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Looking at buying a house and taking on a mortgage? Never take out a mortgage based on what kind of house a mortgage calculator says you can afford.

Looking at buying a house and taking on a mortgage? Never take out a mortgage based on what kind of house a mortgage calculator says you can afford.

You want to buy a home. Awesome. But make sure you know everything you can about the neighborhood you plan to look at and the houses there. See 8 places to research.

Should you sell your house in this market? Maybe there is another way for families that are selling their homes at low values to capitalize on their investment. How about trying to rent out your home?

Should you sell your house in this market? Maybe there is another way for families that are selling their homes at low values to capitalize on their investment. How about trying to rent out your home?

If you want to make the greatest financial difference, you may need to consider housing changes. Consider these strategies to improve your finances.

There's an important difference between how much house can I get approved for, and how much house can I afford?  Here's why:

To most parents, buying a house for their 18-20 year old son or daughter to manage as a rental property as they go through school seems like a somewhat crazy proposal.  After all, most young adults aren't exactly known for being responsible and organized - two key traits for a successful property manager. 

"Let's presume that it means you want to be an eternal student, right? You don't want to get a job for whatever reason or reasons. Perhaps you feel you're not ready to take on the responsibilities of the "real world". Job, career, relationship, marriage, kids, expensive cars, big houses, two holidays abroad each year, big credit card debt, mortgage for 25 years."

Your credit score is vital for most important things in life: buying a house or a car, getting a job, etc. But how to raise your credit score if you have had bad credit in the past? And how do you keep it high?

I believe I finally have something that might stir some thought one way or another - The Smith Manoeuvre.  A couple of weeks ago I did a post about using leverage to invest in equities.  As I predicted, a large number of readers (including many authors of financial blogs) were uneasy about my use of house-backed leverage to say the least.  With all these details they will now really have ammunition to fire away with!

"There's a lot of chatter out there about how important it is to own your own home. No matter who you are, where you are, or where you're going, the time to own is now. Maybe. Maybe not. If you're twenty-something, there are other priorities. One of them is career mobility."

Canada is in the middle of a large real estate bubble. Looking at Vancouver and Toronto, can anyone really deny the real estate bubble any longer?