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Home Projects You Shouldn’t Ignore

By: American Heritage06.20.24 Home & Mortgage
Let’s be honest, home improvement projects can feel overwhelming. Between work, family, and that ever-growing to-do list, it’s easy to put them off for another day. But consider this: Tackling a few key projects now can save you a lot of trouble (and money) down the road. Here’s a quick rundown of some home maintenance tasks that shouldn’t be ignored.
Couple standing in front of new home holding keys

10 Common Mortgage Myths Debunked

By: American Heritage06.06.24 Home & Mortgage
Buying a home is a big step, both emotionally and financially. Naturally, you want the most accurate information to guide you through this process. However, a surprising amount of misinformation is out there, sometimes unintentionally passed along. Let’s clear up some common misconceptions to help you navigate the complexities of buying a home.

7 Ways to Make Homebuying Easier

By: American Heritage02.01.24 Home & Mortgage
Without the right support and preparation, buying a home can feel a lot like putting together a puzzle with only half of the pieces: time-consuming and frustrating. From house-hunting to closing, the homebuying process takes 4 to 6 months on average and involves multiple moving parts, so it’s no surprise that many homebuyers find it overwhelming. If you want to simplify and streamline your experience, you can take steps to better prepare and set yourself up for a smooth road to homeownership.

How Much Should You Spend on Rent?

By: American Heritage09.14.23 Home & Mortgage Savings & Budgeting
If you’ve checked out rental listings lately, you know that rents are going up, up, up. Demand for apartments has surged, making many markets super competitive. Finding a place to call home at a reasonable price can be challenging. The burning question is: how much of your income should go toward a rent budget?

What Happens If I Miss a Loan Payment?

By: Holly Benedetto07.20.23 Credit Home & Mortgage
Life is unpredictable. An emergency, unexpected illness, or a bout of forgetfulness can all end in a missed loan payment. While missing a single payment may come with unwanted consequences like fees or penalties, it will not result in financial ruin. Stay calm and keep reading to learn what happens if you miss a loan payment.
Senior couple signing paperwork with agent

What Happens When You Refinance Your Home Loan?

By: American Heritage05.25.23 Home & Mortgage
This could be the right time for you to refinance your home loan. You’ve had the same mortgage for several years now, and you’ve built up home equity. What will happen when you refinance? How do you get this process started, and what does it include? Here’s what you need to know about the process of refinancing your home loan.
Mortgage application and house key

What Do the New Loan-Level Pricing Adjustments (LLPAs) Mean for Mortgage Rates?

By: Holly Benedetto05.04.23 Home & Mortgage
You may have seen in the news that there is a “new” tax for mortgage borrowers with higher credit scores. Before we get into things, know this: You will not get a better deal on a mortgage rate if your credit score is lower. Don’t ruin your credit score for a myth. Continue reading to understand the facts and the whys surrounding these fee adjustments.
What is PMI

What is PMI?

By: American Heritage04.27.23 Home & Mortgage
Private mortgage insurance (PMI) is an often-overlooked cost that homeowners may need to pay when buying a home with a conventional mortgage or refinancing that loan. Understanding PMI can help you to avoid paying it or saving money in the long term. Here’s what you need to know.
man measuring a counter

Things to Consider Before Accessing Your Home Equity

By: American Heritage03.30.23 Home & Mortgage
Home is where the heart is … and it can also be a valuable source of low-cost funds you can use for just about anything. If you’re a homeowner who’s built up equity in your home, you may have the opportunity to access affordable financing through a home equity loan or line of credit (HELOC). Here are some things to consider before tapping into your equity.

Use Your Home Equity for Home Projects and Debt Consolidation

By: Holly Benedetto01.26.23 Home & Mortgage
Soaring home prices over the past few years have caused an interesting side effect – homeowners are finding themselves with a lot more home equity. Home equity is the difference between your home’s value and how much you still owe on your mortgage. For example, if your home is worth $300,000, and you owe $50,000 on your mortgage, you have $250,000 in equity.

Want to Use Your Home Equity? You’ve Got Options.

By: American Heritage09.15.22 Home & Mortgage
You already have lots of reasons to love your home. Here’s one more: Your home is also one of your most powerful financial tools — because of your home equity. Your equity is the portion of your home that you own (as opposed to your mortgage lender). If you’ve been making mortgage payments for some time, you’ve probably built significant equity. And thanks to home equity financing options, you can take advantage of your investment without selling your place.

How to Buy a Home in a Hot Real Estate Market

By: American Heritage05.05.22 Home & Mortgage
A hot real estate market can pose a real challenge for hopeful buyers – especially for those looking to buy their first home. But that doesn’t mean you can’t find a place you love and get your offer accepted. It just takes a combination of patience and fortitude, plus a little homebuying know-how.

7 Home Improvement Projects That Won’t Break the Bank

By: American Heritage04.28.22 Home & Mortgage
Your home is likely your biggest investment – and it’s where you and your family should feel safe, comfortable, and connected. So, whether it’s your forever home or you’re planning to make a move in the near future, you might want to consider some home improvement projects that can deliver value, efficiency, and style.
Blog Buying a Home with an FHA

Buying a Home with an FHA Loan

By: American Heritage02.03.22 Home & Mortgage
If you have limited savings or less-than-perfect credit, the dream of owning your own home may feel out of reach. You’re not alone, but don’t think you’re out of luck either. FHA loans are designed to help people with these challenges achieve the goal of homeownership by providing a mortgage that may work with their financial situation.
Blog Easy DIY Home Maintenance Tips

Easy DIY Home Maintenance Tips for Winter

By: American Heritage12.16.21 Home & Mortgage
Whether you’re a new homeowner or you settled into your place a while ago, these easy DIY home projects can help you save money over the long run. Get started while you’re cooped up inside during the cold winter months, and help lower your energy bills and improve your quality of life throughout the year.
Blog VA Loans

Buying a Home With a VA Loan

By: American Heritage11.10.21 Home & Mortgage
For many veterans and military members, that may include buying their first or next home, or refinancing the one they’ve got. And the VA loan program — a valuable part of your VA benefits — could be a great way to get there.

 

 

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