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.
Using less energy, decorating on a budget, taking care of small problems before they become big ones, and doing basic home renovations and repairs yourself can help you keep your home costs down. Sound good? Then this guide is for you.
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.
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.
For the seasoned homeowner, researching how to fund your next big project or life event can bring up a variety of complicated terms. Many of these terms are presented together, but they often work very differently from one another. In this article, we compare a Home Equity Line of Credit (HELOC) to refinancing your existing mortgage. To learn how each option works and when you would want to choose one over another, continue reading.
Buying a house is a great investment in your future. But the process can be a bit confusing when you’re first starting out. If you’re not careful, or let your emotions get the better of you, it’s possible to make mistakes that can derail the homebuying process or lead you to a home that isn’t the best fit for you (or your finances). Be sure to avoid these common homebuying mistakes from the beginning.
Sometimes we find ourselves no longer in need of the things we keep around the house. Gently used or good condition items can find life in a new home — a much more environmentally friendly solution than ending up in the trash. Before you reach for the online marketplace, consider the value of giving the item away for free. This simple action can create a large positive impact on interpersonal relationships and your surrounding community.
As a homeowner, you know that taking care of your house is the best way to maintain its value. But even a house that’s in good working order can look drab or uninviting from the outside. If you’re planning to sell in the near future, that could affect your home’s selling price. That’s why many real estate agents put a big emphasis on curb appeal.
Mail theft is an issue that can leave you feeling blindsided, especially if the stolen mail contains sensitive information that puts your identity at risk. On top of that, stolen bills or statements can cause late payments or other financial headaches. Many people don’t think about protecting their mail until it’s too late, so take these proactive steps today!
If you’re in the market for a new home, there are a few key steps you’ll need to take early on. You’ll need to consider the type of home and neighborhood you want to move to, and find a great real estate agent to help you search. One of the most important steps of all? Getting pre-approved for a mortgage.
Here’s why getting a lender’s pre-approval is a big deal when shopping for a new home, and what you should know before you begin.
Around here, winters can get cold. While it’s great to enjoy the sight of a winter wonderland (and a cup of hot cocoa) from inside a warm home, the cost of keeping your place comfortable can be significant. In the spirit of National Cut Your Energy Costs Day, which is January 10, here are eight strategies to improve your home’s energy efficiency, lower your energy bills, and help reduce your impact on the planet.
A home equity line of credit (HELOC)lets you borrow what you need and works differently than a home equity loan. Learn about the differences between the two in this article.
As part of a 2-part blog series, and in an effort to help our members better understand both options, our team is reviewing the differences between a home equity loan and a home equity line of credit—both of which are potential options for those wanting to borrow on their home equity.
To get started, let’s review the following brief overview that explains what is a home equity loan—including how to use it, the benefits, and how to a secure a home equity loan.
Like purchasing a home, selling your home will include various fees. Most sales are completed with the assistance of a real estate agent or broker. These agents make their money by earning commission on each sale and only get paid once a home has sold. This commission is paid by the seller during closing.
Right now, you’re probably looking for ways to boost your financial security, such as by lowering your bills or building up your savings. You’re not alone. Many homeowners are doing exactly that by refinancing their home to take advantage of today’s low mortgage rates. To see if refinancing is right for you, it’s important to understand why people choose to refinance and what makes someone a good candidate for a refinance mortgage.
Buying and selling a home at the same time can make things complicated. Many variables must work together to create a seamless transaction and it takes a dedicated team to make this happen. You’ve identified your pain points with your current home and are ready to move on to the next phase of homeownership. Before you can buy, however, you have a home of your own to sell.
Sometimes, big plans come with a big price tag. Tapping the equity in your home can provide the funds you want, but is this always the smartest way to pay? It all depends on your goals.
Having a great home is key to enjoying a great quality of life. Choosing a home that fits your lifestyle, goals, and budget often begins with one big question: Should you rent or buy?
Is your home feeling a little cluttered? Want to get through the holidays, or start the new year, with a little extra cash in your pocket? If there are unused or seldom-used items taking up space in your home, consider selling them. Whether you’re purging your attic, decluttering your whole house, or getting ready to move, periodically selling off old things helps you simplify your lifestyle while earning quick cash – sometimes more than you might expect.
If you dream of owning your own home, you’re not alone. Generations of homeowners have enjoyed the opportunity to put down roots in their community, build wealth, and experience the pride of having their own place. A mortgage is usually key to buying a house, but many people struggle to qualify for this essential loan. Fortunately, there are many federal and state programs designed to make homeownership possible for more people.
