The vast majority of home loans nowadays are constructed on a 30-year term. But just because your lender gives you 30 years to repay your mortgage doesn’t mean it must take this long. There are several ways that you can cut the length of time that it takes to pay back the mortgage, thus saving Continue reading →
When a homeowner doesn’t make his mortgage payments on time, the lender has the legal right to claim the residence under foreclosure rules. Typically, the lending institution will attempt to sell the home to recoup its losses. Foreclosure rules such as the time frame required before the lender can legally sell your home really depend Continue reading →
A bridge loan is a means for a home purchaser to fund a deposit for a different home while still possessing his older one. Bridge loan users occasionally technically carry two mortgages at the same time. A bridge loan is also only temporary in character. The interest and principal balance on it are due and Continue reading →
A house appraisal is among the most essential characteristics of selling your house. The value determined in the appraisal can sometimes make or break your ability to get maximum value out of your house on the open market. In the event that you're selling your house, obtaining a quality appraisal is important, so you should Continue reading →
A reverse mortgage is a program in which seniors who own their houses outright can choose the equity and turn it into money to live on during retirement. There are qualification criteria. However, there aren’t any loan payments to make, for example with a traditional home equity loan, and there’s absolutely no way to default Continue reading →
Homeowners rely on home equity for any range of financial moves: They can tap it to carry out home equity loans to repay their credit card debt or finance a house renovation. They need equity to refinance their mortgage loans to people with monthly payments and reduced interest rates. Your home equity can fall after Continue reading →
The excitement of welcoming a newborn home brings many new parents’ nesting instincts to life. A nursery’s design can reflect the rest of the house or have a theme that truly stands out. Do not be afraid to try something fresh in a nursery school, whether it’s simple and sophisticated or daring and colorful — Continue reading →
There is a reason homeowners and landscapers call it the hell strip. That patch of real estate between the sidewalk and the curb, also known as a parking strip, is frequently a catchall for patchy grass, weeds and trash. It is hard to keep and irrigate — but it’s also one of the first things Continue reading →
As it came time to split out and decorate outside chambers on this 100-foot-long terrace, the property’s architecture and spectacular site in the Ozark Mountains provided the design inspiration. “I had been guided by the simple fact that the house had a rustic style that used high quality, top-notch materials,” says landscape designer Daniel Keeley Continue reading →
Whenever these homeowners bought their land on the west coast of Seattle’s Lake Washington several years back, they knew they’d scored the equivalent of a winning lottery ticket, as a result of the viewpoints and vacation vibe of the house and neighborhood. When it came time to remodel, the few called in architect Jim Castanes Continue reading →