Tagged Stories
Displaying stories 1 - 15 of 18 in total tagged with "House"
Dave Says: Downsizing House to Get Out of Debt?
Mormon Life says: Is it ever a good idea to sell a home and buy a smaller one to get out of debt?
Dear Dave,Is it ever a good idea to sell your home and buy a smaller, less expensive one in order to get out of debt more quickly?AutumnDear Autumn,It’s a good idea in some situations. If you don’t...
Green House
Mormon Life says: Small efforts in your home, room by room, can add up to big savings—for both you and the earth.
The earth could use a little relief. And every year around Earth Day - April 22, this year - we really think about what that means. Like many other corporations (and the Church itself), we at LDS...
Dave Says: Get Your Priorities Straight
Mormon Life says: My husband might get laid off, and all his job options are out of town. Should we use our savings to make our house more sellable?
Dear Dave,My husband’s company recently told everyone that massive layoffs are coming, and they should start looking for other jobs. Right now, all of his options are out-of-town. A real estate...
Dave Says: Leave the 401(k) Alone!
Mormon Life says: Should we borrow against our 401(k) to help pay mortgages and other debt?
Dear Dave,My husband has been transferred again in his job. Right now, we have three houses and about $60,000 in other debts. He just found out that he can borrow against his 401(k) without hardship...
Young Women Lesson 7: Homemaking
Mormon Life says: "I believe it is by divine design that the role of motherhood emphasizes the nurturing and teaching of the next generation." - L. Tom Perry
Discussion Questions• What kind of feeling do you want in your future home?• What gifts and talents can help us contribute to a happy home now and in the future?• What skills and attitudes do we...
Dave Says: Finding Foreclosure Homes
Mormon Life says: What are your suggestions for finding a good repo home?
Dear Dave,We’ll be completely out of debt in September and looking to buy a home in the next year or two. We’re thinking of buying a repo home. Do you have any suggestions on where to find...
Dave Says: Stick with Term
Mormon Life says: Should we get mortgage life insurance on our new house?
Dear Dave,My husband and I both work, and we just bought a great house for $150,000. He makes $50,000 a year, and I make about $30,000. We’ve been getting lots of different mortgage life insurance...
Dave Says: Business and Friendship
Mormon Life says: My friend wants to rent part of my duplex, but I'm worried this could jeopardize the relationship.
Dear Dave,I’m about to buy my first home. My plan is to buy a duplex and rent out the other side to help pay down the mortgage quickly. A friend of mine wants to be my renter, but I’m worried that...
Dave Says: Ready to Buy?
Mormon Life says: With a good job, great savings, and no debt, am I ready to buy a house?
Dear Dave,I graduated from college in May, and I already have a job in my field. It was a part-time position that went full time, so I already have $15,000 in an IRA and about $23,000 in savings....
Dave Says: Mobile Homes Are Bad Investments
Mormon Life says: Living in a mobile home has saved significant money for us. Why do you tell people not to buy mobile homes?
Dear Dave,I’ve heard you tell people not to buy mobile homes. We bought one when we moved out of our apartment, and it’s been much cheaper for us. Why do you feel this way?DebbieDear Debbie,It’s...
Dave Says: Selling House at Auction
Mormon Life says: What are your thoughts on auctioning homes?
Dear Dave,I have a couple of rental houses, and I was thinking about unloading them at auction instead of renting them out again. What are your thoughts on selling homes at auction?ShannonDear...
Dave Says: Everything Down!
Mormon Life says: What should I be doing with my money if I want to use your "100 percent down" plan to buy a house?
Dear Dave,I’m 21 and make $45,000 a year. I’ve heard about your 100 percent down plan to buy a house. I’d like to know more about this, and where I should put the money I’d be saving.JPDear JP,I...
Dave Says: Not a Good Idea . . .
Mormon Life says: I'm thinking of buying and flipping a house in another state to get money for my own house. What do you think?
Dear Dave,I live in New York, and even though I follow your advice and live on a budget, it’s really hard to save up for a down payment on a house. My family in South Carolina advised me to buy...
Dave Says: Let's Wait a While . . .
Mormon Life says: I'm in college and have a good amount of money saved. Should I use it as a down payment for a house?
Dear Dave,I’m a sophomore in college, and I earn about $1,500 a month at my job. My rent is $500 a month. I don’t really have a credit history, but I’ve saved $20,000, and I’m thinking about using...
Dave Says: Investments Using Home Equity?
Mormon Life says: Do you recommend making investments with a home equity line of credit?
Dear Dave,Right now our debt is keeping us from investing. Do you recommend making investments with a home equity line of credit?PaulDear Paul,Let me answer this very, very carefully. No!You don’t...
