If you’re a homeowner, you’ll be aware of your monthly mortgage payment and interest rate. And you might have wondered about refinancing your mortgage to change these figures. Refinancing lets you replace your current mortgage with a new one. Two of the most common mortgage refinance methods are rate-and-term, and cash-out. What’s the difference between… Continue Reading Mortgage Refinancing: Cash-Out vs. Rate-and-Term
Whether you’re a long-term homeowner or ready to buy your first home, you’re likely aware rising energy costs. America’s lowest-income families currently spend around 22% of their total income on energy while electricity prices have risen by 30% over the last decade. This has caused many Americans to consider alternative methods of powering their home.… Continue Reading Three Easy Ways to Incorporate Solar Power into Your Home
Reverse mortgages are a unique type of loan that has quickly become popular with senior homeowners. With a reverse mortgage, a homeowner may receive a sizeable percentage of their home equity (wealth) and continue to live in their home for the rest of their life provided they pay their property taxes, insurance and HOA dues.… Continue Reading Why Do Reverse Mortgage Restrictions and Requirements Exist?
If you’re a homeowner or planning on becoming one, it’s normal to want to upgrade your home. While there are many exciting home upgrade methods, such as improving your kitchen or adding a swimming pool, one of the best is improving your home’s energy efficiency. Fortunately, improving your home energy efficiency doesn’t have to break… Continue Reading Five Powerful Home Energy Improvements and their Costs
If you’re thinking about buying a home (or regularly read our blog), you may have heard that interest rates are rising. Rising interest rates have powerful effects on the mortgage industry and individual homebuyers. While many of these effects are seen as negative (such as buyers having higher mortgage payments), there are also positive aspects… Continue Reading Five Ways that Rising Interest Rates Can Be Positive
Today (February 20, 2017) is Presidents’ Day. Presidents’ Day is celebrated on the third Monday of February, and was originally established in 1885 to recognize President George Washington, the first United States president. Within the federal government, the holiday is still officially called “Washington’s Birthday,” but the holiday became popularly known as Presidents’ Day… Continue Reading Birthplace Homes of Past Presidents
Your state’s cost of living matters, whether you want to build a home, are a first time homebuyer, or plan to raise a family. If a low cost of living is what you’re after, here are America’s five most affordable states in 2017. TennesseeThe Volunteer State is most known for its country music, Elvis, and… Continue Reading America’s Most Affordable States in 2017