As a homeowner, you probably have heard that going solar may help you reduce electricity costs and it significantly reduces the ill effects of climate change by curbing carbon footprints. You’ll never go wrong as you realize the notable benefits of going solar. Although photovoltaic or PV systems have become more affordable through the years, you may still find it costly to go solar if you’re earning an average income.
Becoming a homeowner is probably one of the most fulfilling experiences anyone can have. At last, you now own a piece of the American dream. However, you’ll realize, unfortunate events could happen along the way as you work to pay off your mortgage. If such unfortunate events start to affect your ability to settle your monthly mortgage payments it’s normal to seek help, especially if you think that you might head to foreclosure. During this difficult time, you might be vulnerable to scams that could drain your funds.
Generation Z is, no doubt, the next bloodline that will keep the housing market alive. Recent surveys have suggested that there’s an increasing number of credit-eligible individuals from this generation taking out mortgages compared with other forms of debt. For someone who’s young and planning to buy his or her first home, taking a HomeReady® mortgage can be an affordable option.
Personal preferences and finances are some of the factors why renting a home might make more sense for some people. You may consider renting a home if you want to live an independent life that’s close to your workplace. Renting is also a viable option for young families who are still saving for a down payment for their dream home. As someone looking to rent a single-family home, it’s important that you understand how the process works especially if this is your first time.
The number of Generation Z homebuyers are expected to grow in the next couple of years. As the youngest credit-eligible generation planning to buy a home, you should be aware of the industry-specific acronyms that you’ll encounter which may appear to be very technical. It’s critical that you know and understand the common mortgage acronyms by heart to avoid costly mistakes and help you get the best deal.
The Department of Veterans Affairs (VA) extends its helping hands to financially-challenged Veterans who have taken a VA-backed home loan. After serving the country, our Veterans truly deserve to get all the help they need to have a comfortable living back here at home. Through the Interest Rate Reduction Refinance Loan or IRRRL, it is possible for Veterans to streamline refinance their current VA-backed loan, especially nowadays that interest rates are becoming more favorable to borrowers.
A loan estimate is an important document that would-be homebuyers receive when applying for a mortgage. In general, the three-page document estimates everything that a homebuyer needs to pay for the entire loan. While loan estimates are designed to help homebuyers better understand the mortgage loan terms, there are some instances when the final Loan Estimate may be higher than what was originally quoted.
Veterans who plan to buy a home using their VA Home Loan benefit have to undergo several steps where they need to settle several upfront fees before they can start moving into their dream home. Appraisal is on top of the list of fees that Veterans need to pay upfront, and it’s a process that every Veteran should undergo before underwriters decide their fate. The VA requires a home appraisal to ensure that Veterans and their families get a quality home.
Halloween is just around the corner and if you plan to teach your teenage children how to carve a Jack O’ Lantern, you only need five basic steps. As a parent, you may need to closely supervise your children as you’ll be using sharp tools.
First-time homebuyers are required to shell out a significant amount of funds for the down payment and closing costs. Moreover, there are instances when homebuyers need to pay for additional services to ensure that they’re making the right decision to buy a home. A home inspection, for example, is an important part of the homebuying process that every homebuyer should prioritize, especially when buying an older home.