refinance loan for home remodeling

Using Mortgage Refinancing for Remodeling a Home

March 25, 2021

What Loan Is Best for Home Remodels?

Many homeowners who have either lived in their home for a long while or who have seen an increase in market value on their property choose to tap into their home equity for the purposes of doing remodeling projects. More often than not, homeowners don’t find themselves in a position to shell out cash without leveraging this asset. With refinance rates looking better than ever, using one’s existing mortgage is a popular way to access funds to start breaking ground on projects around the home.

Thinking about remodeling your home sometime in the next year? Have equity built up in your property? If this sounds like you, then read on to learn about a few loan types that will put you in good standing to finance those long-awaited home improvement projects. more “Using Mortgage Refinancing for Remodeling a Home” …

Home Improvements With Refinance Money

Spending Mortgage Refinance Money on the Best Home Improvement Projects

February 25, 2021

How to Make Decisions About Your Mortgage Refinance Money

These days, most major home renovations can be pretty costly, amounting to total budgets that don’t speak to the reality of what many homeowners have saved for a rainy day. With great rates available for mortgages, refinancing one’s home and taking equity out has become a realistic way for homeowners to get the money they need for large-scale projects around the house.

If you’re reading this, then the idea of refinancing your home to pay for your future remodeling projects is likely front of mind. But savvy homeowners will want to consider ROI on various house projects before spending the money and taking the leap. For example, will the project increase your home’s value a little, or a lot? Will you be spending more money than you’ll be adding to your home’s value? Refinance your home for remodeling projects when the ROI says it’s worth it. With that in mind, here are a few renovation projects worth refinancing your mortgage for. more “Spending Mortgage Refinance Money on the Best Home Improvement Projects” …

refinance mortgage home improvements

Refinance Tips: Fixing Up Your Home Without Spending a Fortune

January 19, 2021

Spending Mortgage Re-fi Money Wisely with Home Projects that Matter

Not all home upgrades need to cost a fortune – and when you’re going through the process of refinancing a mortgage to take cash out for improvements, you want to know you’re getting the most bang for your buck. For new homeowners as well, several large-scale home improvement tasks just may be outside the budgets.

Never fear: the good news is that you don’t have to do a complete bathroom or garage remodel to change your home’s aesthetics and functionality. Similarly, you don’t have to spend a fortune to improve the market value of your home. With that in mind, here are a few low-cost home upgrades you can wisely spend your mortgage refinance money on. more “Refinance Tips: Fixing Up Your Home Without Spending a Fortune” …

home mortgage refinance

What’s the Best Re-Fi Program for You?

December 23, 2020

How to Make Sure You’re Getting the Best Rate on Your Re-Fi

Now that the election is finally over and a new president is heading to office, it’s anybody’s guess as to how long mortgage interest rates will remain low. Traditionally, election years can have an unexpected effect on the housing market, and if 2020 has taught us anything, it’s to expect the unexpected.

So if you’re thinking about refinancing your home, now might be the time to finally make the leap. But before you do, it’s a good idea to have a better understanding about the different Re-Fi programs out there, because there are several options that you will need to choose from. It also helps to know how to make sure you’re getting the best rate possible. In this guide, you’ll learn more about choosing the best Re-Fi program for you, and how to lock in the lowest rate. more “What’s the Best Re-Fi Program for You?” …

mortgage clause

What Is a Mortgage Clause?

November 18, 2020

A Mortgage Clause Helps Mitigate a Lender’s Risk

Most commercial real estate transactions include a standard mortgage clause amid the commercial property insurance policy documents. It is usually listed under Additional Conditions, and it details the obligations the insurance company must fulfill should the property be damaged or destroyed while still mortgaged.

As you might expect, this is an important clause because it helps protect the lender by giving them the right to obtain compensation for a loss on the mortgaged property. It even allows the lender to obtain compensation if the policyholder violated the terms of their insurance policy. more “What Is a Mortgage Clause?” …

mortgage points explained

How to Easily Explain Mortgage Points

October 26, 2020

What Are Mortgage Points and Are They Worth It?

To the average home shopper out there, there’s a lot about the mortgage process that’s confusing. By and large, one of the topics that seems to be the most confusing for people is the concept of mortgage points. Many home buyers have no idea what mortgage points are or how they work.

In this guide, we walk through an easy explanation of everything you need to know about mortgage points. By the time you’re done reading this short blog post, you should be able to make an informed decision about whether to buy them as you begin your home buying journey. more “How to Easily Explain Mortgage Points” …

open house for sale sign

Buying Your First Home: How Long Should It Take?

September 9, 2020

Getting Some Help for the Biggest Purchase You’ll Ever Make

Buying a home is complex process, and going through the many steps for the very first time can be even more difficult, especially if you’re not prepared. On average, the typical buyer takes 10-12 weeks to find the right home, and views about 10 homes before finding what they consider, “the one.”

Whether you got lucky on day one or you’re trying to figure out just how long the long process is going to take before you even get started, you’ll want to pace yourself through the upcoming marathon. Read the rest of this article now to learn more about just how long the home buying process should take when you’re doing it for the first time. more “Buying Your First Home: How Long Should It Take?” …

net zero home

Is a Net Zero Home Worth the Investment?

August 19, 2020

Climate Change and Net Zero Homes: A Likely Pair

With the climate catastrophe looming and more and more people trying to become greener as they reduce their carbon footprint, talk of net zero homes seems to be on the rise. We should point out here that by definition, net zero homes are homes that create as much energy as they consume, for a net energy consumption of zero or less.

This phenomenon is currently made possible through advances in solar power, which allows for people to build solar panel homes that absorb their energy directly from the sun. Combine this with energy-efficient construction, energy-efficient practices, and a little bit of luck, and you wind up with a net zero home. So is it worth the investment? Read on to find out.

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choosing a real estate agent

How to Choose The Right Real Estate Agent

July 15, 2020

Picking the Best Real Estate Agent for Your Unique Situation

Buying or selling a home can be one of the most exciting things a person will ever do. It can also be one of the most challenging experiences you’ll ever have. In the end, much of the difference between these two extremes comes down to the quality of your real estate agent.

A lot more goes into picking the right real estate agent than simply picking the person with the best online ads, the biggest company backing them, or the most years of experience under their belt. With all that in mind, here’s how to choose the right real estate agent for your home sale or search.

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