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Elevate Seattle Blog

Friday, May 4, 2018   /   by Leneya Ludwick

Point: 3 reasons to pay your mortgage off early

Point: 3 reasons to pay your mortgage off early

Dan Caplinger, The Motley Fool

According to Realtor.com, swapping out wall-to-wall carpet for hardwood floors can make your home much more attractive to buyers, because they are durable, easy to clean, and look great. Time

Find out why getting out from under the biggest debt you'll probably ever have can be smart.

(Photo: Getty Images)


Most homeowners take out a mortgage to help them buy their homes, and for many, their mortgage loan is the largest debt they'll ever take on. That makes handling mortgage debt one of the most important financial decisions you'll ever make, yet there are also many non-financial factors that come into play when deciding how best to pay back a mortgage loan.
More:Counterpoint: You shouldn't pay off your mortgage early
Although many homeowners simply make their mortgage payments on schedu ...

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Friday, March 23, 2018   /   by Leneya Ludwick

85 percent of millennials expect to own a home—here's how to buy one, in 8 steps

Most young people expect to own a home at some point in their lifetime: 85 percent, according to Aperion Care, which surveyed 2,000 millennials to get a sense of what they think about aging, retirement and their future in general.
That's good news. Young people should be prioritizing home ownership, says co-founder of AE Wealth Management and self-made millionaire David Bach. In fact, not buying a home is the No. 1 millennial money mistake, he tells CNBC Make It.
If you're ready to get in the game, follow these eight steps for first-time homebuyers.

1. Look at your cash flow

The first step is "to really know where you're at financially," says Michelle Brownstein, a certified financial planner at Personal Capital, "meaning how much you're earning, how much you're saving, or, if you're not saving, how much you're actually spending every month.
"If you don't know where your money is going, it's impossible to put tog ...

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Monday, March 12, 2018   /   by Leneya Ludwick

5 Things You Need To Do Before Moving

Moving into a new home is a lot to put on one’s plate. There are an infinite amount of steps involved that commence with the decision to house hunt. You have to get pre-approved for a mortgage, find a real estate agent, show your home, view potential new homes and finally settle on one. Then you need to pack up all your things, arrange for movers, take time off work, it’s an endless to-do list.
Moving is widely regarded as one of the most stressful things a person can do. With all the steps and stress involved, it’s common to bite off more than you can chew and forget a few things. In addition, there are many vital steps people often don’t think to include. Luckily, we’ve compiled those below for you! Add the following steps to your checklist to avoid unnecessary stress:
1) Change The Locks Or Re-Key
Unless you’re moving into a new build, there are undoubtedly several copies of your house keys floating around. Ensure that you either change ...

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Monday, February 26, 2018   /   by Leneya Ludwick

Must-Know Tips for Unmarried Home Buyers -By Pete Gerardo

Most couples used to get married before making any major financial decisions together. But today, one in four unmarried couples between 18 and 34 buy a house together, according to a survey by Coldwell Banker Real Estate.

What’s more, 40% of millennials think it’s actually a good idea for unmarried couples to buy a house, and 37% think couples should buy a home before marriage.

There are plenty of good reasons for unmarried people to buy a house today, including low mortgage rates, rising home prices and the tax deductibility of mortgage interest. Besides, groups of investors buy houses all the time – and most of them aren’t married.

But buying a house outside of marriage can come with big risks. Unless you know how to avoid the potential pitfalls, locking in on a home with your unwed partner could be a costly mistake.

Share Financial Info

Before you and your partner begin house-hunting, exchange personal financial in ...

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Friday, February 23, 2018   /   by Leneya Ludwick

How to buy a house when you have student loan debt

How to buy a house when you have student loan debt
Originally published February 15, 2018 at 2:40 pm Updated February 15, 2018 at 2:59 pm

If you’re mired in student debt, that doesn’t mean you can’t get a mortgage. You just have to be aware of your options. Here are some tips.By 
Robin Saks Frankel 
Bankrate.com You went to college, maybe even graduate school, and got a job. You’ve been steadily employed since then and are bringing home a decent paycheck.

A generation or two ago, the next step would likely have been to settle down and buy your first home

But now? That path may not be a sure thing. According to a 2017 survey from the National Association of Realtors (NAR), 80 percent of millennials don’t own a home.

“Of those who don’t own a home, 83 percent of those say that student-loan debt is holding them back from purchasing a home,” says Jessica Lautz, managing dire ...

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