Whether you’re buying a home for the first time or you’ve already fulfilled your homeownership dream, saving money could be on top of your mind especially if your family lives on a budget. If you want to lower your monthly electricity bill, the U.S. Federal Housing Administration or FHA can help you finance energy-efficient improvements on your home through its Energy Efficient Mortgage program (EEM).
When selling a home, it’s important that you have stunning pictures of your property that you can upload on listing sites. You often don’t have to worry about real estate photography if you’re working with an agent or a broker. However, in a “For Sale By Owner” (FSBO) transaction where you chose to sell your property by yourself, you have two options to get decent photos of your property: You either hire a professional photographer or use your resources and take photos by yourself.
Losing one’s home through a foreclosure is a frustrating experience for any homeowner. Financially troubled homeowners, especially veterans, are often vulnerable to mortgage fraud schemes that could further increase the risk of losing their homes. It’s important for veterans to know that there are several options available for them if they’re threatened with foreclosure.
Congratulations! You were able to close on your dream home. After fruitful years of hard work, you’re finally a homeowner. As a new homeowner, you need to keep in mind that paying your monthly mortgage is one of your top priorities until you completely repay the loan. You need to familiarize yourself with mortgage statements as it will become part of your life for years, depending on the type of mortgage you took. Mortgage statements contain important information that you need to leverage to avoid potential problems. Below are some tips to manage your mortgage statements the smart way:
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.
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.
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.