One benefit of owning your home is that you might qualify to borrow against it, and if so, the interest on your borrowing cost is tax deductible. A “home equity loan” can come in handy when you need funds for home repairs, debt consolidation, college tuition and more.Read More “Accessing Your Home’s Equity: HELOCs and Second Mortgages”
Now that school is back in session and the leaves are beginning to change, it may be a good time to take on some fall home improvement projects. Maintenance is an essential element of homeownership that can change with the seasons. From roof repairs to fireplace safety, it is difficult to know where to begin. But, completing the following tasks as you head into fall will help ensure a comfortable, efficient and healthy home environment going into the winter months.
In a competitive housing market, bidding wars are a sign that competition is fierce among potential buyers. While competition can be good news for sellers, for those looking to buy, it may cause dilemmas once it’s time to submit an offer. In fact, a recent survey by Redfin found that competition is a top concern for buyers, second only to affordability. Buyers know they must put their very best offer on the table, with aggressive timelines and as few contingencies as possible. So, how does a buyer who is financing their purchase improve their chances of getting an offer accepted?
One of the first steps to true independence is developing a strong sense of financial responsibility. The moment you start earning any money at all is the ideal moment to learn about money management, budgeting, and the importance of good credit. Whether you are exploring financial independence for the first time, or looking to re-build after a few credit mistakes, here are some options for getting on a path to a solid credit history.
It’s hard to believe it’s been nearly 10 years since the housing market took a turn for the worse. At the time it seemed chaotic, but it’s now clear what happened. The market was correcting and as a result, we saw a sharp downturn in home prices between 2007 and 2011. Things improved slowly over the next few years until recently, when prices starting rising much more rapidly. That has caused many buyers and sellers to assume that we must be heading toward another housing bubble.
It’s that time of year again! School will soon be in session, which means an influx of homework, afterschool activities and hectic schedules. Don’t stress – there’s still time to get your family back on track. Follow these helpful tips to organize your home for the upcoming school year!
First-time homeowners are often younger than the average homebuyer, which means lower income levels, less money saved and, typically, more student loan debt. Concerns about student loans often discourage would-be first-time buyers from pursuing their goal of homeownership. If you’re considering purchasing your first home, these tips can help get you there.
Qualifying for a mortgage can be more complex for someone who does not have pay stubs and a W2 form to verify consistent income. If you’re an entrepreneur with your own business and fall into this category, don’t worry—there are loans for you. You just need to know how to navigate. I asked RPM’s EVP, Julian Hebron, to explain how specialized loan products serve the specific needs of self-employed home buyers.
As seasonal temperatures heat up, utility bills will also inch up as homeowners try to beat the heat. What can you do to prepare your home for the hot summer months and minimize the cost of keeping indoor spaces comfortable? A “do-it-yourself” (DIY) home energy audit can be a good starting point to help determine what areas to prioritize for energy efficient repairs and upgrades. By following the simple steps below, you can uncover the most obvious spots where your home is losing energy and where you may have opportunities to improve your home’s performance.