Home Buying
Understanding Compound Interest Loans: How They Differ from Simple Interest
Understanding Compound Interest Loans: How They Differ from Simple Interest. Learn how each loan type works, what their costs are, and which could save you money over time.
Let’s face it - loans can be confusing. You start off thinking it’s just about borrowing some money, and then suddenly, you're hearing terms like ‘simple interest’, ‘compound interest’, and ‘APR.’ With all this financial jargon thrown at you, it’s easy to feel overwhelmed.
Today, let’s cut through some confusion by breaking down two types of intere...
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Getting Started
Understanding 7/6 ARM (Adjustable-Rate Mortgage)
For those interested in understanding what a 7/6 ARM is and whether it's the best option for their mortgage needs, this article explores the adjustable rate mortgage type. We'll start by examining the meaning behind each informally-named aspect of a 7/6 ARM - seven and six - to provide an overview of how these particular ARMs work, followed by outlining both their benefits and drawbacks. Finally, when considering if this type of loan is better suited than a fixed-rate mortgage or another adjus
Getting Started
A Comprehensive Guide to Assuming Someone Else's Mortgage
In the wake of some unfortunate situations, such as a divorce or death, transferring a mortgage to someone else is common practice during a sale. Even with outstanding payments, selling the home is possible, so taking over a mortgage is also possible. Some lenders allow mortgage transfers, provided the seller has an assumable mortgage. Get A Free Mortgage Quote What Is an Assumable Mortgage? An assumable mortgage is a home loan a buyer can take over before a home's sale. This is a good
Buying a Home
What Are REO Properties? Pros, Cons, and More
You might see one home listed for much less than its neighbors. What's the deal with REO properties?
Home Equity
The Home Equity Boost From Going Solar
The verified boost in home value is great enough to offset the installation cost of solar panels.
Buying a Home
What Are HOA Fees?
More than half of all homeowners in America pay HOA fees, but what are they getting for their money?
Getting Started
How to Find Out Who Owns a Property: Your Comprehensive Guide
If you are wondering how to find who owns a property, you have come to the right place. Let’s go through the steps!
Mortgage Refinance
3 Things Homeowners Wish They'd Known About Refinancing
When focusing on lowering their monthly payment, some refi customers lose sight of these other effects of a mortgage refinance.
Getting Started
What You Should Know About Making Rental Income With Your Home
Making money off extra living space in your home is definitely worth considering, but don't go in blind.
Home Improvement
A Comprehensive Guide to Determining the Cost to Frame a House
Whether you're building a new home or adding on, construction starts with framing.
Buying a Home
Mortgage Broker, Mortgage Banker, or Loan Officer? What's the Right Call?
The differences can be subtle but crucial. Here’s what you need to know.
Refinancing
When Can I Refinance My Home?
Discover the best time to refinance your home and the perks of doing it.
Equity & Value
Make Your Home Renovations Come True With Cash-Out Refinancing
Cash-out refinancing could be your chance to complete your home renovation checklist.
Equity & Value
Four Proven Ways to Build Home Equity Quickly
Owning more and owing less is the heart of home equity, and here are proven ways to tilt the seesaw in your favor faster.
Refinancing
How Often Can You Refinance Your Home?
Watch for these four signs to know when another home refinance might be worthwhile.
Green Living
3 Unexpected Benefits of Energy Efficiency
Conservation's far-reaching perks!
Solar Basics
When Is the Best Time to Go Solar?
If you are considering renewable energy, read this first!
Solar News
Green Energy Breaks World Record in 2022 per International Energy Agency
Despite supply chain issues, solar comes out on top once again.
Solar News
Homeowners Going Solar This Summer Are in for a Pleasant Surprise
With more government rebates and incentives than ever before, solar homeowners have reason to celebrate.
Solar News
America's Biggest Urban Solar Farm to Cap a Landfill
On top of a former landfill the nation's largest urban solar farm is about to rise.
