6 Benefits of Owning a Vacation Home
1. Tap into rental income Owning a second home presents the opportunity of renting it out when you’re away. And, if your second home is a great property in a desirable town, turning it into a rental...
How to Prep Your Home for Winter (and Save Money)
Eliminate Drafts Heating your home in the wintertime can be difficult enough. When your efforts are being sabotaged by drafts, you’ll find that you’re wasting even more money along the way. Older home...
Single Women Bought More Homes Than Single Men Last Year At the start of 2020, single women owned more homes than single men, and that statistic only grew as the year continued. In 2020, 19% of first-...
The government agency noted that when setting up a HELOC, homeowners typically have to pay an appraisal fee, application fee and potentially a percentage point of the credit limit up front. As with no...
How Much Do I Need to Earn to Buy a Home?
After renting property for a while, you may be considering buying next time. The advantages of homeownership are focused around the fact that you now have an asset that can hold or gain value, and be ...
The views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for the second month in a row while those from the F...
It’s Open season on Open Houses: 5 Tips for Buying a Home in Spring
The long nights of unforgiving cold are behind us. Flowers are blooming, and spirits are lifting. It must be spring. Warm weather isn’t the only reason we love spring though, it’s also the start of bu...
Comparing the Home Equity Line of Credit (HELOC) & Cash-Out Refinance
Start with Your Home’s Equity Simply put, home equity is the market value of your home. The amount of equity you’ve built throughout the repayment period of your loan is determined by taking the appra...
Mortgage Loan Types, Credit Score, and more: 5 Tips to Get the Best Mortgage Rate
Consider a Fixed-Rate Mortgage Fixed-rate mortgages are the most common loan option among borrowers. The rate stays the same throughout the life of the loan, meaning the monthly mortgage payment does...