Dave Says: Paying the Right Amount for a House

Q: I know you recommend that no more than 25 percent of your take-home pay should go toward rent or a mortgage payment. Should taxes and insurance be figured into this amount? A: Yes, they should. Mortgage companies will qualify you for twice as ...

Housing Market Update: to Rent or Buy?

You’ve seen the headlines: The housing market is beginning to stabilize. Home prices in some cities are down nearly two-thirds from the peak of the bubble. Mortgage rates are at historic lows. Could it be time to rent or buy?