Tag: homeownership

The Squeeze: How to Afford City Living in a Rising Market
December 29, 2025 0

The Squeeze: How to Afford City Living in a Rising Market

By The Admiral Staff

Across the United States, rising rents and home prices are pricing people out of their cities. To combat this, the article suggests six strategies for aspiring homeowners: boost your credit score, earn rewards on everyday purchases through apps like Fetch Rewards, avoid overpaying online by using price comparison tools, shop around for cheaper car insurance using EverQuote, consolidate credit card debt with a low-interest loan through AmOne, and ultimately, be strategic about saving for a down payment.

Rent vs. Buy: Is Homeownership Still the Dream?
October 15, 2025 Off

Rent vs. Buy: Is Homeownership Still the Dream?

By The Admiral Staff

The article explores the ongoing debate of whether to rent or buy a home, noting that renting is increasingly appealing to younger Americans due to flexibility and affordability. It outlines ways to earn extra money to save for a down payment, such as completing surveys or trying out apps. The piece details the pros and cons of both renting (flexibility, fewer maintenance responsibilities, but lack of equity and potential rent increases) and buying (building equity, tax deductions, but high upfront costs and ongoing maintenance). Ultimately,

Homeownership & Student Debt: Your Path to Possible
July 16, 2025 Off

Homeownership & Student Debt: Your Path to Possible

By The Admiral Staff

Despite student loan debt, homeownership is achievable with strategic financial planning. The article outlines 15 practical steps including improving your credit score, exploring first-time buyer assistance programs, and considering income-based repayment plans to lower your debt-to-income ratio. Other key strategies involve cutting expenses, saving for a larger down payment, and shopping around for lenders experienced with student loan borrowers. Maintaining stable employment, choosing a modest home, and building an emergency fund are also crucial for securing mortgage approval and

Millennials Beat the Odds: How Good Credit Unlocks the Dream of Homeownership
December 27, 2023 Off

Millennials Beat the Odds: How Good Credit Unlocks the Dream of Homeownership

By The Admiral Staff

Despite economic challenges, millennials are now the largest group of homeowners in the U.S. A key factor for many is a good credit score, which is essential for mortgage approval and securing favorable interest rates. The article recommends using Credit Sesame, a free service, to check credit scores, identify errors, and receive personalized tips for improvement, ultimately making homeownership more attainable.

Surviving 2023: 5 Financial Moves to Beat Inflation
February 12, 2023 Off

Surviving 2023: 5 Financial Moves to Beat Inflation

By The Admiral Staff

Facing historic inflation and wages not keeping pace, here are five tips to navigate the 2023 economy: create a budget using a budgeting app, sell an unused vehicle, consolidate high-interest credit card debt with a low-interest loan, consider buying or refinancing a home (with caution), and explore new job opportunities due to the current job market.