Carbon monoxide (CO) poisoning is still a common problem in the U.S. as households start to use heating equipment to warm up during the colder months. Although installing functional CO detectors at home might significantly reduce poisoning risks, there are also other ways you can do to keep your family safe from this silent killer.
The U.S. Department of Housing and Urban Development (HUD) announced last October a $112 million funding to expand the supply of permanent affordable housing for low-income persons with disabilities (PWDs). PWDs need to have a safe home that suits their needs. As a PWD, you may find it a challenge to buy your first home. Homebuying is often an overwhelming process for first-timers, but here are some helpful tips to guide you through a smooth homebuying journey if you’re ready to enter the real estate market.
Buying your first home could be both exciting and stressful at the same time. Like everyone else, you want to make sure that you’re getting the best deal out of your hard-earned funds that you saved for several years. As you ask relatives and scour the internet for information, you’ll probably get the idea that applying for a mortgage could be a challenge. Before you begin your homebuying journey, it’s important that you know the important people involved and understand their roles as you search for your dream home.
Setting up a workstation at home could be on the top of your remodeling dreams if you’re one of the many people who prefer to telecommute to have a work-life balance. There’s a growing trend of people looking for a job that allows them to work at home. If your employer allows you to telecommute, now is the perfect time to set up your workstation. It’s possible for you to have a workstation at home even when you’re on a budget and you don’t have enough space.
A recent Government Accountability Office (GAO) report called the attention of the Department of Veterans Affairs (VA) to improve their ways of protecting veterans against fraudsters who might take advantage of their situation. Veterans are highly vulnerable to scams especially if they are falling behind on their mortgage and are already threatened to lose their homes.
Home renovation projects make homeowners happy and feel a sense of accomplishment, according to a recent survey of the National Association of Realtors (NAR). The survey used a scoring system called “Joy Score” with 10 being the highest to determine what renovation project makes a homeowner happy in general.
Starting to miss a mortgage payment is stressful. Mortgage servicers or lenders provide several options for homeowners, depending on their situation, who are struggling to pay their monthly mortgage. Mortgage forbearance is one of the few options mortgage servicers may offer to give distressed homeowners temporary relief with their mortgage obligations.
Many homeowners have been refinancing their mortgage to take advantage of the historically low interest rates. Aside from getting a low-interest rate, it makes sense to refinance your mortgage if you want to adjust the length of your mortgage term, change from an adjustable-rate mortgage to a fixed-rate mortgage, or if you want to cash out your home equity. However, if this is your first time to do refinancing, you need to be aware of the typical fees associated with it. Refinancing fees could go between 3 to 6 percent of your outstanding principal in addition to any prepayment penalties or other costs for paying off any mortgages you might have.
A recent report revealed that most first-time homebuyers are not fully knowledgeable of the homebuying process. When you take out a mortgage as a first-time homebuyer, you have to deal with tons of confusing industry-related terminologies, and it is critical that you fully understand them simply because you’re making a large investment. Fortunately, there are several government agencies that provide helpful and reliable information to guide you in achieving your American dream of homeownership.
Many first-time homebuyers could be out in the market struggling to find the home that ticks all the boxes. But for those who are willing to shell out a few thousand bucks more for a property that they can call home, they need to know if they are about to buy a flipped home. As someone buying a home for the first time, you don’t want to pay for a property with serious defects like what actress Rachel Bloom and husband, Daniel Gregor found out from the flipped home they bought in 2015.