Sometimes, you can afford to shrug your shoulders and just take a chance because the consequences of getting it wrong simply aren’t that bad. If you order something new off a restaurant’s menu while you’re out for dinner with friends and discover that you don’t like the taste of it, then you can always eat …
Can You Finance a Pool into Your Mortgage?
As summer brings sunny skies, warm days, and children who are eager to spend the hours that they normally spend in the classroom doing something fun, plenty of families start to picture a swimming pool in their backyard. However, serious swimming pools aren’t inexpensive additions. According to HomeAdvisor, the average cost of installing an inground …
What Is Mortgage Insurance?
If you’ve been reading up on home loans to get ready for your own home purchase, you’ve probably encountered lots of comments about avoiding mortgage insurance. With the press it gets, a fanciful soul might start to wonder if mortgage insurance was some kind of James Bond villain in the home loan world. What is …
How to Lower Mortgage Payments
You may be eager to carve out a little more wiggle room in your budget. You may have a desire to spend your hard-earned dollars elsewhere. Or, you may simply be a naturally thrifty soul who enjoys saving money wherever you can. Whatever your reason, knowing how to lower mortgage payments can certainly come in …
How Much to Offer on a House
Television’s longest-running game show, “The Price is Right” has been challenging contestants to win a turn on its stage by coming as close as possible to the perfect price without going over since its debut in September 1972. In that time, numerous strategies have emerged, but the show endures because the task remains challenging. For …
The Steps to Buy a House
You’re poised to make the leap: After years of renting, you’ve decided that it’s time to become a homeowner. How do you do it? Familiarizing yourself with the steps to buy a house before you actually make your move can help you avoid expensive missteps.
When Is Buying a House Better Than Renting?
If you’re caught in a heavy downpour or planning to spend some serious time beneath the strong sun, an umbrella is a handy thing to have. On the other hand, it can be fairly useless, if not downright dangerous, when there are high winds or lightning bolts in the forecast. In a similar fashion, both …
What Is a Fixed-Rate Mortgage?
You know that you want a mortgage with a low interest rate. After all, snagging a lower interest rate will save you money over the life of your loan. However, when it comes to a fixed rate, you’re not as confident of your move. If it’s not broken, does it need to be fixed? What …
How Do VA Loans Work?
If you heard about a home loan that offered 100-percent financing and competitive terms with relaxed standards for qualifying, no requirement for mortgage insurance, and limits on closing costs, would you be interested in learning more? Offered as part of the U.S. Department of Veterans Affairs’ home loan program, VA home loans are known for …
What Is an Adjustable-Rate Mortgage?
When it comes to getting a home loan, many borrowers focus on getting a low interest rate. That makes sense because snagging a lower interest rate means that it ultimately costs you less to borrow money. However, high or low isn’t the only thing related to the interest rate that you’ll want to consider when …