If you want to know how to live your best financial life, you’ve come to the right place! Here, you’ll find everything from information on insurance, investments, and owning rental property to advice on savings and retirement.
You may have heard the term “reverse mortgage,” but have you ever investigated how they work? Here’s a tutorial to help you understand if a reverse mortgage is right for you. What is a reverse mortgage? A reverse mortgage, also known as a Home Equity Conversion Mortgage, is a tool typically used by an older… Read more »
Buying a home is a thrilling experience, yet it also can be sobering — especially if you’re moving in without all the furnishings you need. Here are several tips on how to make your new house a cozy home without breaking the bank. Don’t be in a rush. If you are moving into a bigger… Read more »
For most homeowners, the sting of a sky-high electricity bill is more than enough to prompt their interest in energy savings. Check out these easy methods to help lower your monthly bills. Attic insulation. Most of the heat transference in a home occurs in the attic, whether it’s indoor heat escaping in winter or outdoor heat… Read more »
It’s more than a nice feeling to have a lush lawn and showy flower beds — it’s a solid investment in your home. In fact, according to some estimates, landscaping accounts for about 18 percent of the value of your home. But it’s important to be savvy about watering so that your investment doesn’t go… Read more »
Homeowners with an eye on water conservation will be richly rewarded, saving themselves money on monthly water bills and helping their fellow citizens guard against potential water shortages. Here are six ways to tap into savings at the tap. Low-flow faucet heads. Install low-flow nozzles on all your faucets, particularly your showers. These faucet flow… Read more »
The Baby Boom generation is carrying more mortgage debt into retirement than any generation before it, bucking conventional wisdom that you shouldn’t enter retirement until you’re debt-free. Who’s right? What’s the best path for you? Here are several factors to consider. Losing a tax break. When you own your home outright, you lose the mortgage… Read more »
Once homeowners have been stung by high energy bills, they’re quickly motivated to save resources and money. Check out these energy-saving tips. While some require a significant investment, others are relatively cheap or even free. Cheaper options include: Replace incandescent light bulbs with LED or fluorescent bulbs, also called CFLs. The initial cost of these… Read more »
One of the most important steps in the home-shopping process is for buyers to have an initial assessment of their ability to get a mortgage. As a buyer, already having a mortgage preapproval letter from a lender in hand means you can move quickly when you find the home you want. As a seller, having… Read more »
