What Is a Foreclosure? 4 Crucial Elements Homeowners Must Know
By Daniel Bortz Jan 29, 2023 (KLH49/iStock) What is a foreclosure? When a homeowner doesn’t pay their mortgage for an extended period of time, a lender will take possession of the home—which means the current owner must move out. Foreclosure is a scary word and it’s become a [...]
How Much Home Can I Afford? Find That Magic Number Here
By Cathie Ericson Jan 18, 2023 (Getty Images) Long before you start asking yourself what type of house you want—condo or house? Craftsman or ranch?—you should ask yourself this pragmatic question. After all, it’s no secret that your dream home can quickly turn into a living nightmare if [...]
Homeowners Reveal Their Top 5 (Doable!) Home Projects for the New Year
By Margaret Heidenry Jan 20, 2023 (Getty Images) Every homeowner has some project to tackle. When you own a home, there’s always seemingly something that needs fixing, zhuzhing, or general improvement. Sometimes these projects (full-kitchen remodel, anyone?) can seem downright overwhelming. And that sense of the [...]
Want a Low Interest Rate? When Switching Your Mortgage to an ARM Makes Sense
By Lisa Marie Conklin Jan 19, 2023 (Getty Images) If you have a fixed-rate mortgage, your payment is the same amount every month and never changes no matter how much the interest rates fluctuate. While there’s some comfort to that, wouldn’t it be amazing to have a [...]
Should I Buy a Condo? The Pros and Cons
By Patricia-Anne Tom Jan 9, 2023 (Dangubic/istockphoto.com) If you’re a potential buyer in the real estate market, you may wonder whether a condo is right for you. Condominiums are generally less costly to purchase than houses or townhouses, and they can offer conveniences you might not otherwise be [...]
Want To Lower Your Mortgage Interest Rate? You Can Actually Buy It Down
By Lisa Marie Conklin Jan 10, 2023 (Getty Images) Many homebuyers today are losing sleep over steeply rising interest rates, which have more or less doubled over the past year and reached their highest level in two decades. Now hovering in the mid-6 % range, these higher [...]
