Homeowners Tax Tips

Tax Tips: Homeowners Insurance

The purpose of home insurance is obvious. The tax rules surrounding home insurance, though, aren’t always so clear. For example, if your insurance won’t cover you for a given loss, are you simply left holding the bag, or can you expect some tax relief? And what about premiums — can you deduct them or not?… Read more »

Moving Insurance

How Can I Insure My Possessions During a Move?

There are several ways to insure your possessions while you’re moving. Perhaps your current homeowners policy includes coverage for your personal property during a move. The policy may cover your possessions at the new location for a limited time, also. The same coverages, exclusions, and deductibles apply while you’re moving as they would for a… Read more »

Home Equity

HELOC vs Home Equity Loan: What’s the Difference?

One of the benefits of home ownership is equity. A Home Equity Line of Credit (HELOC) or a Home Equity Loan (also know as a second mortgage) allows a homeowner to borrow money using the home’s equity as collateral. These loans can be a solution for tackling home repairs and renovations, which protect your investment… Read more »

What to expect from a home inspection

Home Buying: What to Expect from the Inspection

A home inspection is an important part of the buying process where an objective third-party performs a visible assessment of the property’s condition so you can make an informed decision about your purchase. After all, it’s one thing to plan for a fixer-upper and another to be surprised and saddled with expensive repairs. Here’s what… Read more »

How to Apply for a HELOC

How to Apply for a HELOC

A HELOC, or Home Equity Line of Credit, leverages your home’s equity to give you more flexibility compared to other loans — you can borrow up to your maximum credit limit, when you need it, as you need it. Whether you’re planning a kitchen remodel, upgrading to energy efficient appliances, consolidating debt, or simply want… Read more »

Home Buying

What’s the Difference Between Pre-approved & Pre-qualified?

Buying a home? You’ve probably heard that getting pre-approved or pre-qualified for a loan is an essential step forward in the process. But what’s the difference? Pre-qualified Getting pre-qualified is relatively quick and simple process. The lender does an initial review of your income and expenses to generate an estimate of the loan amount you could likely… Read more »

What are mortgage points?

Mortgage Points: What You Need to Know

What are mortgage points and are they right for you? Mortgage points are basically discount points. When you’re getting your home loan, you can buy mortgage points to lower your rate and save you interest in the long run. The value of mortgage points are tied to market rates and conditions, which means they’re subject… Read more »

Saving for Home Ownership

Saving for Home Ownership

Thinking about buying a home? A house is likely the biggest purchase you will ever make. Because of the high costs involved, saving for it takes commitment, planning, and sometimes sacrifice. And saving is about more than just having enough for a down payment. These are the factors you need to consider: The Down Payment One of… Read more »

Boost Your Credit Score

How to Boost Your Credit Score Ahead of Your Home Loan Preapproval

When it comes to buying a house, poor credit can limit your opportunities and result in higher interest rates and bigger payments. But with a little planning, you can boost your credit score ahead of your home loan pre-approval so you’ll be ready to make an offer on your dream home. Understanding Your Credit Score… Read more »

Blog Header HELOC Ideas

8 Ways to Use a HELOC

If you’ve ever wondered what a HELOC is or what you’re supposed to do with it, this article is for you. A HELOC, or Home Equity Line of Credit, leverages your home’s equity to give you more flexibility compared to other loans — you can borrow up to your maximum credit limit, when you need… Read more »