5 Must Follow Home Energy Savings Tips for Summer

Everyone can take a few key steps to lower the amount of energy they use in their home. While you are reducing your carbon footprint, you will also be reducing your monthly utility bills.  Check out these five home energy savings tips for summer that are a win-win for everyone.

Replace those old air filters!

It may seem like a no-brainer, but many people overlook the main air filter on their air conditioner.  When the air filter is dirty, the unit has to work much harder to push the air through the dust and dirt.  Unfortunately, air filters are not quite as cheap as weather stripping.  If you want to avoid this cost, simply clean the filter regularly yourself.  It is recommended that this be done every three to four months to keep it from getting to the point of no return.  A good way to remember is to perform the routine cleaning on the first day of each season.Continue Reading

HUD Emergency Homeowners’ Loan Program (EHLP): Home Loans for Those Facing Foreclosure

One of the most difficult things for many a homeowner during the recession following the recent financial crisis is that through job loss, or through underemployment, foreclosure might be imminent. In order to help those who are in danger of foreclosure due to income loss, the government is offering the Emergency Homeowners’ Loan Program (EHLP). This program is limited, though.  You only have until July 22 to get your preliminary application in, so you need to act fast!

Who Qualifies for HUD Emergency Homeowners’ Loan Program (EHLP)?

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What is Better: A Foreclosure or a Short Sale?

You want to buy a home for less than market value, or do you want to own a second home and are looking for a deal?  There are few active buyers in the real estate market nowadays but those who are seriously looking are considering short sales or foreclosures.  If you are one of these people then what is better for you – a short-sale or a foreclosure?

Is a short-sale best?

Short sale signs are popping up everywhere yet many people do not know what this means.  The seller who chooses a short sale is in a hurry to get out of their mortgage so the lender agrees to accept a mortgage payoff amount that’s less than what’s owed in order to help the seller get out fast.  The lender ultimately forgives the remaining balance of the mortgage loan.
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8 Reasons Why You Should Sell Your Home Before Buying a New One

When it comes to buying a home, buyers try to engineer the ultimate balancing act of buying the new one first, THEN putting the current one up on the market before the ink is even dry on the purchase contract.

The object—and expectation—is to find that perfect home, then to put the old one on the market in the hope of selling it in the treasured but increasingly mythical simultaneous closing.

Just playing it out in your mind is exhausting, but making it actually happen is a truly massive undertaking.  What would make anyone think that such an effort is worth trying?

Fear! Fear that you might not be able to find the right home after selling your current home.  Fear of being homeless.  Fear of temporary housing.  Fear of the dreaded “double move” (moving from the old home to temporary housing, then again to the new home).

Those fears may be legitimate at some level, but there are even greater causes for concern if you plan to buy before selling.  Here are eight of them…Continue Reading

What First Time Home Buyers Need to Know About Their Credit Card Balances

Many people who feel they are prepared to enter the real estate market by purchasing their first home have experienced a roadblock to good mortgage rates – their credit cards. Credit cards can play a positive, but also a negative role in the process of purchasing a home.

There is not a doubt that having a credit card can work highly in your favor when it comes time to shop around for your first home.  If you have a consistent history of timely credit card payments this builds a strong credit rating.  Having a high credit score not only will secure you a mortgage quickly, but one with very competitive rates.

Your credit card can be very influential when determining what mortgage you are seeking because the credit card payments are added to what the payments ‘would be’ on a possible mortgage to determine how much can be afforded.
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When is a Good Time to Consider Refinancing Your Mortgage?

For many of us who are mortgage holders from time-to-time we find ourselves asking, “When is a good time to refinance my mortgage?” Hardly a day goes by without noticing many lenders advertising tempting deals to entice you to refinance your mortgage.  That temptation to refinance can be huge because depending on your situation, refinancing your mortgage can be beneficial in areas such as reducing the interest rate, shortening or extending the mortgage loan, and even by getting some extra cash flow happening by lowering the monthly mortgage payments.  A word to the wise though, refinancing must be done with great caution because not every situation can have the desired benefits.
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Planning on Buying a House? Put in the Legwork First!

buying a house

So you want to buy a house?  That’s awesome!  Congratulations.  But are you ready to buy a house? Have you done your research and legwork to find out the best house in the best neighborhood for you?  I’m talking about all the other little things that influence your buying decision and the neighborhood you pick.  Read on to see what I’m talking about.

Here are steps you need to take to put in the legwork of buying a house (in no particular order):

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