Everything You Need to Know about Homeowners Insurance
Not a lot of people get excited when they hear the word insurance. But buying a home without a homeowners’ insurance is nearly impossible unless, of course, you are an all-cash buyer. Nearly all mortgage lenders ask their borrowers to buy insurance because they want to ensure that their investment is safe. Consider this situation: […]
How to Seal Air Leaks Around the House: Smart Idea for a Smart Homeowner
Every year, an average family wastes about $350 on air vents in the walls and windows. Interestingly, for roughly the same amount you can fix many of these leaks on your own. By plugging the cracks, you not only conserve energy but also increase your comfort level. Start from the attic. That space in the […]
Is Mortgage Refinancing Worth It?
Refinancing can be a tricky business. Even though you’ve already been through the mortgage process, refinancing can be intimidating. This is especially true if you are uneducated about your options and the refinancing process to name just a few things. The biggest question you may be asking is: Is mortgage refinancing worth it? Refinancing costs […]
When to Refinance a Mortgage
Refinancing can cost between 3 – 6% of the total value of a loan. The best time to refinance a mortgage is when the savings are more than prepayment penalties, refinancing costs, and other expenses. 1. To transfer their loan to a lender that charges a lower rate of interest There is a traditional refinancing […]
Add Value to Your Home Inexpensively
Your home is looking slightly shabby and you want to spruce it up. Maybe you’ve just refinanced and you want to add more value to your home. Home renovations cost a bomb and you’re scared to get started. You can inexpensively spiff up your home for a lot less than you think! We’ve got some […]
When Homeowners Insurance Doesn’t Protect You
Many homeowners insurance policies come with hidden, hard-to-understand clauses. The consumer may not even realize their existence until a claim arises. However, by staying informed and keeping all relevant records you will be able to protect your interests in most cases. A homeowners insurance policy will help pay for damages caused by hurricanes or fires. […]
5 Things to Consider Before You Decide to Refinance Your Home
It’s difficult to decide if you should get a home refinance or not. You may not find too many rock solid rules of thumb for home refinancing that you can depend on. The one principle that is most often blindly followed by people is that you should go in for a refinance when interest rates […]
The Impact of Mortgage Refinancing on Your Net Worth
We’ve often seen consumers go ahead with refinancing mortgages for lowering monthly payments without thinking about its effect on their net worth. Since a mortgage is an instrument of debt which is used for financing an asset, it appears as a liability on the balance sheet of a household. So to determine the net worth […]
Reasons for Not Refinancing: Look a Little Further
In spite of low rates, many homeowners haven’t refinanced the mortgages on their homes for various reasons. I have some suggestions regarding the steps they can take towards refinancing- if not immediately, at least in the near future. Credit score The first thing that lenders consider whether you’re buying or refinancing is your credit rating. […]
How to Get the Best Refinancing Deal
When homeowners refinance, nine times out of ten their ultimate goal is to save money. On the contrary, the lender’s goal is to make money. The sooner you understand this, the better prepared you will be to refinance and get the best deal. In other words, you are responsible for doing your homework to get […]
