How to Protect Yourself from a Financial or Credit Scam

Although we tend to post resources pertaining to mortgage loans and real estate industry news, we thought this was a great topic to go hand-in-hand with financial security.

What is a financial or credit scam?

As you probably already know, your financial information is very valuable and private. This information includes account numbers, passwords and security questions that - if in the wrong hands - can allow someone else to access your financial accounts. A financial or credit scam may request information such as an account number, a username and/or password to allow someone to access and empty your bank account or charge up your credit cards with purchases. It can also include a scam which requests that you pay a scammer money.

Should You Sell Your Home or Turn it Into an Rental Property?

If you're considering up-sizing or downsizing from your current home, there's a common question that most people face - Should I sell or should I turn the home into a rental property? Since the economic downturn, the demand for rental properties has been at an all-time high which might make you think that your decision is a no-brainer. But before you get ready to look for renters, make sure you know what you're getting into.

Is this kind of home/location in demand?

This is an important question to consider first because if there aren't many people looking to rent your kind of house, there's no point in going any further. We recommend that you look at other rental listings. If you're home could fit in and be competitive - great! It should be easier to keep the home rented over the long haul.