Tag Archives: oak view law group

Why It’s Best to Avoid the Long Road of a 50-Year Mortgage

A document with mortgage details and a calculator implying consideration of a 50-year mortgage.

The 50-year mortgage first appeared in southern California, where housing was becoming increasingly costly, and people were looking for new ways to reduce their monthly mortgage payments. Except for the extra two decades to pay off the loan, it works the same as a 30-year fixed mortgage.

The advantage of a 50-year mortgage is the lower payment, but the significantly higher long-term costs may outweigh this advantage. Let’s see if you should go down that long road.

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Can I Buy a Home After Filing for Bankruptcy?

a man with a gavel symbolizing a final decision on bankruptcy.

Going bankrupt is one of the most distressing things that can happen to a person. Some of the common causes of bankruptcy include burdening medical expenses, job losses, excessive spending on credit, divorce or separation, and heavy expenses due to unforeseen events.

All of these can be quite taxing on your mental and physical health, as well as your financial outlook. On top of that, you may also be worried that you won’t be able to buy a home for yourself and your family anymore, which is an added burden. This article covers everything you need to know about buying a home after filing for bankruptcy.

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8 Mistakes to avoid when purchasing a home insurance policy

a home insurance policy form with a small house symbolizing protection for the home.

Getting a home insurance policy is essential when you are buying your dream home. However, just any homeowner’s insurance policy is not enough; you need to have adequate coverage to financially protect yourself against any unexpected circumstances.

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