A federal judge on Nov. 9 sentenced three men to prison for participating in a real estate scheme where they lied on loan and credit applications in order to buy 14 properties across Northern California. One defendant reportedly bought five houses, including one in Elk Grove. “All of these homes were ultimately either foreclosed upon or sold in a short sale,” the U.S. Attorney’s Office reported in a press […]
Personal Loan vs. Home Equity Loan: Which Is Better? Loans, especially personal and home equity loans, can be a good way to pay for a major home project or handle a financial emergency. But before you apply for either type of loan — or an alternative, such as a home […]
Every corner of the personal finance world seems to hammer home the same point: Debt is the wealth killer. Debt is the single greatest threat to your college savings, financial independence, and retirement planning. Except, as it turns out, one kind of debt defies these rules: mortgages. Paying money to […]
For a lot of first-time homebuyers, getting a mortgage can turn into a baptism by fire. Often, you don’t know how complicated the process is until you’re in the thick of it. The truth is, financing your home doesn’t have to be a maddening experience. The better you understan how […]
