Home Search Find Real Estate to Buy or Rent Find Homes with HomeFinde.com

Real Estate News & Home Ownership Advice

Home Help

Got A Magical Mix and Match: Choosing the Perfect Flooring for Every Room in Your Home

Got A Magical Mix and Match: Choosing the Perfect Flooring for Every Room in Your Home

It doesn’t matter if you live in a palace, a bungalow, a split-level ranch house or an igloo. If you’ve got a home, you’ve got floors and you need to know what to do with them. There are quite literally dozens of flooring options, each with its own set of benefits and drawbacks. Choose wisely, because you may have to live with your flooring decision for a very long time. Here are several handy hints to keep in mind the next time you select flooring for a room in your house. Which flooring is right for a room? Narrow down your options by making note of the use of a room. A kid’s play room that receives a lot of enthusiastic wear-and-tear may require a completely different flooring approach than a formal dining room. A bedroom that’s used only for sleeping and relaxation is right for a different flooring material than a country kitchen. Assess room use and plan your flooring accordingly, says Good Housekeeping. San Francisco Gate’s Homeguidesuggests selecting flooring starting from the foyer or entryway and moving into the house from there. Mosaic, slate, hardwood and tile are all excellent, welcoming options for an entryway. From here, coordinate colors of living room, dining room and family room floors to create a cohesive, put-together décor. Keep flooring in... Read Full Story


Latest from Rikk Miller, Financial Writer

Rick is a financial writer. He is associated with several financial communities.
His expertise is woven around various aspects of the real estate industry. He is a financial writer who excels in writing finance articles.

How a Reverse Mortgage Can Help You Finance Your Home

How a Reverse Mortgage Can Help You Finance Your Home
By: Rickk Miller, September 22, 2016

You have done everything right your entire life.  Worked hard, raised a family, bought a home, made the payments.  You name it, you have done it.  Now you are over 62 and you either want to find a way to pay for improvements to your house, or you want to buy a second home.  What can you do?  You don’t want another loan payment.  In fact, you want to get rid of the existing mortgage on your home.  What if I told you that there is a way to tap into the equity in your home without having to make any payments today?  You probably think I was joking.  But that way is called a reverse mortgage and it is a great way to help you finance your home. What is a reverse mortgage?  It is a home equity loan with a twist.  Unlike more traditional loans, you don’t need to make any interest or principal payments with a reverse mortgage.  All you have to do is pay the taxes, utilities, and insurance on your home.  The loan itself will be paid off when you sell your home or take up permanent residency in another location.To qualify for a reverse mortgage, the borrowers must be over the age of 62. Why would someone use a reverse mortgage to buy a home?  Well, it might sound too good to be true, but it actually happens.  In 2008, the Federal Housing Administration (FHA) changed the rules of the Home Equity Conversion Mortgage (HECM) to allow for the purchase of property.  The program is call HECM for purchase and it can be used to buy a residence by using a reverse mortgage.... Read Full Blog Post

How to Take Advantage of Different Types of Lenders

How to Take Advantage of Different Types of Lenders
By: Rickk Miller, September 15, 2016

Supposing you know the pros and cons of the different types of lenders, will you still choose the same type of lender twice? The question above should have been easier if you were able to fix your debts at an early stage. There could be ways that can be done in order to avoid getting into debt by fixing credits way sooner according to David Zitting. However, financial situations can make people impulsive sometimes. If you find yourself in such situation, think critically. Bear in mind that despite the advantages and disadvantages of each type of lenders there can be ways on how to make the most out of these lenders. In order to understand well the strengths and the weaknesses of every type of lenders, one must know how they vary. The different types of lenders include mortgage bankers, mortgage brokers, wholesale lenders, portfolio lenders, direct lenders, correspondents, banks, saving & loans and credit unions. Consider some simple tips and tricks listed below. Be Informed Information is the key. Information is everything. Before trying to make a decision especially on financial matters, like choosing the type of lender, make sure that you are thoroughly briefed of the advantages and disadvantages of every type. This step could be crucial in the decision making especially that the fate of your finances is at stake. Take your time and conduct extensive research before making up your mind because research is everything. Your choice of lender will greatly affect the future of your hard-earned money. Be Curious Asking lots of questions is never synonymous to dumbness; pretending to know everything is. Do not be afraid to ask because asking the right question... Read Full Blog Post

Finding a Home in the UK

Finding a Home in the UK
By: Rickk Miller, July 19, 2016

In the UK, finding somewhere to live is becoming increasingly difficult. For nearly a decade, the rate of new home building has failed to keep pace with population growth. As a result, in many areas, there is very little availability. Sadly, this has left people struggling to find somewhere to live. Fortunately, there are ways to improve your chances of finding a home in the UK. Read on to get practical tips that you can use straight away. Be realistic The first tip is to accept the situation, and be realistic about what is available in your area and how much you will have to spend. Accepting the reality of the housing market will stop you chasing around in search of something that is not available. It will stop you wasting months searching for a home. The fact that prices are continually rising and more people are entering the housing market every day means that any delay will just make the task of finding a home more difficult. It is far better to be realistic, and rent, or buy, something that you can afford now. This allows you to settle into a home, and start to save, so that you have the funds to find something better at a later date. Be flexible The more flexible you are when looking for a new home the easier it will be to find somewhere. For example, being prepared to look further afield will make life a lot easier because you will have far more choice. Tap into local expertise If you want to find the best properties in an area, you need to tap into local expertise. Using estate agents in... Read Full Blog Post

Amenities and Aesthetics: The Benefits of Living in an HOA Community

Amenities and Aesthetics: The Benefits of Living in an HOA Community
By: Rickk Miller, June 7, 2016

If you’re tired of mowing the lawn, you wished someone else would come by and paint your house for you — for free — or you just want to live in a safe and well-manicured neighborhood, then you might want to live in an area where there is a homeowner’s association (HOA). Here are some of the reasons homeowners like it. Maintained Properties In an HOA neighborhood, the HOA takes care of the lawn and what are called “common areas.” You can see examples of these in Bellerive homes for sale. These are areas that are open to everyone, and include areas and sidewalks where people in the community walk and where children can play, like neighborhood playgrounds. It may also include dog-walking areas where residents walk their dog or other pets. HOAs usually do a fantastic job of maintaining amenities, like lawns, common areas, parking lots and spaces, and even the front of homes, lighting for the neighborhood, and playgrounds. More Amenities Want a swimming pool but don’t want to maintain it? Wish your children had someplace safe to play? How about a safe community you can walk around in? Or, trails where you can take your dog without worrying about getting lost or paying an entrance fee? These are the types of areas that HOAs maintain. Some HOAs include things like walking trails, sport courts, swimming pools, barbecue pits, neighborhood parks, clubhouses, and other common areas open to all residents. Some of these areas can even be booked for special events, like weddings or parties. Aesthetically-Pleasing Homes Want to live somewhere that you know your property value won’t go down, even if rowdy neighbors move in next... Read Full Blog Post

How Much Does It Cost to Build a House?

How Much Does It Cost to Build a House?
By: Rickk Miller, May 2, 2016

As you look into getting a new home, you have a lot of decisions to make. Building a new home allows you to make all of the choices that will give you the house of your dreams, but that does come with a price. The cost of building a new home varies greatly – usually somewhere between $100,000 and $600,000 – and it’s almost always more expensive than buying a home that’s been around for a couple of decades. However, certain factors play a big role in the cost of a new home, and it’s possible to make tweaks to a plan to make it more affordable. Understanding these factors can help you decide whether buying a new home is the right move for you. Builder’s Style The way that the home is built can play a big role in the overall cost. Modular homes are the most affordable option for a new home. These are built in a factory, then transported in pieces to your building site and assembled like a puzzle. Modular homes have a reputation for being made from low-quality materials, but the process has certainly evolved over the years. Current versions are better than the ones made several years ago. Homes that are completely custom-built are the most expensive. This involves working with an architect who will create a design from your home, then a contractor will build it. It’s the right choice for someone who has a very specific – and possibly unusual – idea of what they want their home to look like. Most people choose the option in the middle – working with a quality home builder and development company. These companies... Read Full Blog Post


Latest from Mark Healey

Mark is a content development specialist who enjoys researching and writing about various topics. He is passionate about the digital space and is involved with promoting and distributing beneficial content throughout internet communities.

Wheelchair-Accessible Home? 5 Tips for Finding One

Wheelchair-Accessible Home? 5 Tips for Finding One
By: Mark Healey, May 31, 2016

Buying a house is no easy task. Finding the right home in the right location, with the right number of bedrooms, a big kitchen and enough general living space is not easy to do without compromises, and becomes even more challenging when adding a need for an accessible home to the mix. If a wheelchair-accessible home presents itself to you, take advantage of it, because they are uncommon in the housing market. But if it’s not possible to buy a wheelchair-accessible home (or convert one yourself), here are some things to look for in the next home you buy. Single-level home In order to make the entire house accessible, make sure it’s actually accessible. Stairs are a great way to ensure anyone with a mobility challenge won’t be able to reach half of the house. Don’t forget to consider the outdoor parts of the property. A steep driveway will make getting the mail problematic, and a backyard with multiple levels or hills means it won’t be enjoyed to its full extent. Open floor plan Hallways aren’t the only spaces that need to be wide enough to maneuver. Large rooms with enough space to leave space between furniture, and between sections of the room is vital in order to comfortably and safely move around the house. It’ll give more space to everyone: friends you invite over for a dinner party, family who comes over for a birthday party or even anyone who’s there to help and perform caregiver responsibilities. Wide hallways & doorways For a powerchair or a manual wheelchair user, this one is obvious. Not only does the chair itself need to fit down hallways and through doorways, but... Read Full Blog Post

Increase Your Home’s Value with a Home Gym

Increase Your Home’s Value with a Home Gym
By: Mark Healey, January 14, 2016

American obesity is still on the rise, and it’s becoming increasingly important for us to become more health-conscious. The most important thing that we should be doing is watching what we eat. As the old adage goes, “you are what you eat,” and America’s public shows that’s true. Aside from watching what you eat, you should also take the time to get regular, moderate exercise. Combining these two ideas will help you lose weight and feel better about yourself. Working out is imperative and the exercise helps boost your immune system to fight off viruses, bacteria and other maladies. For many of us, working out in a gym is intimidating. Both men and women can suffer from a lot of potential problems— from insecurity issues with how we look, to how much we can lift and how heavy we are. Due to this problem, more homeowners are building their own home gyms. Not only does this make working out a much easier task, it can even increase the aesthetic value of a home. If you are considering building a home gym, there are a few initial steps. First, you’ll need to figure out if you want to convert an existing room into your home gym. If you can’t convert an existing room or your garage, a new addition is another option. Certainly building an additional room will be an expensive project, but it will increase the value of your property enough to justify buying new exercise equipment for your home gym. It’s important to note that if you want to build a home gym correctly, make sure your new addition has relatively high ceilings. This will give you more range when... Read Full Blog Post

When the stuff inside your house becomes “home”

When the stuff inside your house becomes “home”
By: Mark Healey, December 29, 2015

To a little kid, a move is exciting: it’s an excuse for a newly decorated bedroom, new toys and new neighborhood friends. But to anyone else, a move sometimes signifies leaving more than it presents the opportunity for novelty.But for anyone who spent their childhood (or adulthood, or anything in between) moving, it’s not the house that stores the memories, like many of us think. Quite often, it’s the things inside the house that are filled with meaning and hard to let go of. What makes a “home” Instead of the walls of the house, it’s the dresser set that traveled with the family during each move, and stood next to your bed in each new bedroom, and the dining room armoire holding Grandma’s china that really hold the memories. They’re the constants in pictures, in the background of the home videos, and the things that fill memories. Redecoration can help On top of the furniture that travels to each house, with each new home, the opportunity to redecorate and buy new things will always exist, a process that adds to the memories. A chest bought in one city might stand next to a sofa bought in another, both undoubtedly with their own stories and memories. While moving can always be an excuse to clean out the house and purge what isn’t absolutely necessary, it’s really an exercise on deciding what’s important and meaningful and what should be taken by a Boston junk removal company. Move after move, the less important belongings will be naturally filtered out, and the important will stay, making an appearance in another room in another house. Things to leave behind The things left behind... Read Full Blog Post

Moving is Expensive: Here are 5 Tricks to Cut Costs

Moving is Expensive: Here are 5 Tricks to Cut Costs
By: Mark Healey, August 11, 2015

Everybody knows that moving is one of the most stressful events in a person’s life. Changing environments, a new office, and the process of packing could make any one go crazy; and that’s without looking at the financial impact of a big move. Use the following tips to reduce the fiscal burden of your next move. DIY This is the first and most obvious way to move without overspending. Find a quality truck rental company and move all of your belongings yourself. If you are staying in town then use pizza and beverages to inspire your friends to help you move. The cost of a nice lunch for your friends will be significantly less then hiring a mover. Make sure to choose a group of friends that you trust though. A careless friend could break something important or expensive without the means to reimburse you. You should also be aware of your liability if anyone is hurt on your property helping you move your stuff. This is the cheapest option; but tread carefully. If the move is sloppy and your walls get dinged up with dollies and boxes, you will need to hire a One Day Painter to get the house back in shape for it’s next inhabitants. Go local Some times doing it yourself with a move is just not possible. Some objects are hard to move like pianos and pool tables and require professional help. The best thing to do in this circumstance is go local. Hire a Professional Mover to help execute the move without damaging your belongings or property. Cut costs by buying the boxes and having everything ready to load when the movers arrive!... Read Full Blog Post

Moving Safety 101

Moving Safety 101
By: Mark Healey, June 19, 2015

Moving from one house to the next is one of the most exciting and stressful undertakings you will do in your lifetime. While there is obviously a lot to think about such as organization, timing and budget; one thing that is too commonly overlooked is safety. Safety is the most important aspect regarding moving, especially when heavy furniture and stairs are involved. If you choose not to hire a Massachusetts moving company use these tips to avoid adding stress or a hospital visit to your next move. Clear Pathways The fist step you should take to ensure no one is hurt during your move is to clear all walkways in and out of the house. When moving heavy furniture people often walk backwards and if they were to trip over anything it would be an absolute catastrophe. Remove all hazards from these walkways to ensure no furniture (or bones) get broken. It’s a good idea to call you’re a professional junk removal company prior to moving day to get as much junk out of the way as possible. Pack Smart While it may seem counter intuitive, the best way to pack is by putting larger, heavier items (such as books) in the smallest possible box. Instinct tells us to fit as much of these items as possible in one large box. The issue is that to many heavy items in one box could lead to muscle injuries for anyone helping you move. By placing lighter items in the biggest boxes and vice-versa you can keep all the boxes a similar, manageable, weight. Be Prepared This means have the right equipment for the task. A dolly is an invaluable asset... Read Full Blog Post


Home & Garden

Got A Magical Mix and Match: Choosing the Perfect Flooring for Every Room in Your Home

Got A Magical Mix and Match: Choosing the Perfect Flooring for Every Room in Your Home
By: Rickk Miller, September 29, 2016

It doesn’t matter if you live in a palace, a bungalow, a split-level ranch house or an igloo. If you’ve got a home, you’ve got floors and you need to know what to do with them. There are quite literally dozens of flooring options, each with its own set of benefits and drawbacks. Choose wisely, because you may have to live with your flooring decision for a very long time. Here are several handy hints to keep in mind the next time you select flooring for a room in your house. Which flooring is right for a room? Narrow down your options by making note of the use of a room. A kid’s play room that receives a lot of enthusiastic wear-and-tear may require a completely different flooring approach than a formal dining room. A bedroom that’s used only for sleeping and relaxation is right for a different flooring material than a country kitchen. Assess room use and plan your flooring accordingly, says Good Housekeeping. San Francisco Gate’s Homeguidesuggests selecting flooring starting from the foyer or entryway and moving into the house from there. Mosaic, slate, hardwood and tile are all excellent, welcoming options for an entryway. From here, coordinate colors of living room, dining room and family room floors to create a cohesive, put-together décor. Keep flooring in the same color family to present the illusion of a larger space. Carpeting and rugs Short pile carpet, bamboo tile, laminates and stone are nice choices for living areas. Due to repeated chair movement, dining areas do better with practical stone or ceramic tile that’s less likely to be scratched than hardwood or bamboo flooring. Super-large living areas may be... Read Full Blog Post

How Often Do I Need a Pest Inspection?

How Often Do I Need a Pest Inspection?
By: Rickk Miller, September 23, 2016

Regular pest inspections are a very good idea as a preventative measure against damage from insect intruders. But how often do you need to have them done? Having a regular schedule to your inspections so that you don’t forget or let it get overlooked. Depends on Location The specifics of your pest control needs are going to depend on where you live. Different regions of the country, and whether you live in an urban or rural setting will make a difference in how often you should check for pests. Areas where there are limited pest problems may be able to avoid the need for pest inspections but most areas have some insect populations that need to be kept in check. Southern states that don’t get temperatures below freezing consistently in the winters are the most likely to have insect problems. Excel is a Florida company that does Broward pest control, and they are very aware that regular inspections are necessary in places like Florida, for example. Standard recommendations are that inspections be annual. Termites Termites are unique because of the damage they can do to a home, and so they tend to have their own specific considerations. If you live in an area that has termite issues, you will most definitely need to get an inspection at least once a year. If you have had problems in the past, you might want to take additional precautions with an inspection every 6 months until you are sure there are no further risks. A pest control company that specializes in termites is also a good idea, though not strictly necessary. During an Inspection So what can you expect during your annual... Read Full Blog Post

Important Factors You Should Consider Before Renting Your Property

Important Factors You Should Consider Before Renting Your Property
By: Rickk Miller, September 19, 2016

When you rent a property, you want this process to go as smoothly as possible. Unfortunately, this is not always the case, so it’s essential to be aware of all the factors you need to consider before allowing anyone into your house or apartment. Below are some of the most important factors you need to consider. The Condition of Your Property First of all, you have to evaluate the condition of your property. Today’s tenants expect more comfort and more features than people who rented in the past. Your property should be safe, warm and cool enough if it’s located in a hot part of the country. Certain appliances and features are required and they should all be in good working order. For instance, in the kitchen or utility room you need a reliable washing machine and cooker. Most rental properties have to be furnished, so you need to ensure that enough tables, chairs and other furniture items are present in your property. What to Do When Things Go Wrong You have to be prepared for any issue that may arise in a rented property. It is usually the landlord’s responsibility to keep the property well maintained and fix any problems that occur. The main service providers you need to contact quickly when there is a problem include a local plumber, electrician, pest control expert and local water damage restoration company. The People Moving into Your Property Once you’re satisfied that your home is suitable for renting, it’s time to find your tenants. There are a number of ways you can do this. You can find these people yourself or hire a local real estate agent to take care... Read Full Blog Post

Renovating Your Property: Ways to Improve Your Home and Increase Its Value, Too

Renovating Your Property: Ways to Improve Your Home and Increase Its Value, Too
By: Rickk Miller, September 16, 2016

Having invested in buying your own home you will no doubt want to keep it in great shape and make some improvements too, so that you can enjoy living there and even boost the property value, with the right renovations. If you are looking for ways to enhance your home, you can view Cardinal Homes here for some potential inspiration. You may also want to take a look at some of the following tips and suggestions on how to improve your home and potentially increase its value at the same time. Spend wisely The first thing to say is that you have to spend your money wisely, as not all home improvements will give you a decent return, or any payback at all in some cases. Splashing the cash on loads of Italian marble in the bathroom and the hallway might appeal to your sense of taste, but it is just one example of where you can feel free to spend your money in this way of course, but don’t expect to be financially rewarded for the decision when you come to sell your home Rather than concentrating on the DIY disasters, and there are probably a few that might come to mind straight away, it is better to focus on how to spend your money as wisely as possible, by taking a look at the sort of remodeling projects that often have a positive impact on the aesthetic appeal of your home, as well as potentially boosting its value. Instant curb appeal If there is one part of your home that probably gets more use and even abuse than others, your front door would be a good candidate... Read Full Blog Post

Landscaping Tips to Cool Your Yard and Create an Outdoor Haven From the Heat

Landscaping Tips to Cool Your Yard and Create an Outdoor Haven From the Heat
By: Rickk Miller, September 16, 2016

There are plenty of good reasons why most of us like to stay nice and cool, but we also like chance to enjoy some time outdoors in our garden, so the answer would be to design your yard so that it allows you to appreciate being outside without feeling uncomfortable with the heat. If you go into a building that has been equipped with a commercial air conditioning system, you can instantly tell and it allows you to feel comfortable in an instant. While you might not be able to replicate that same level of efficiency in your garden space, for obvious reasons, there are some neat design tricks and ideas that will allow you to create an outdoor haven from the heat. A helping hand with the outdoor cooling The first thing to say about keeping your outdoor space as cool as possible, is that there will undoubtedly be times where you need a bit of a helping hand from technology as well as employing good landscaping design to make the most of what shade you have available. You might want to consider having a backup plan for those days where the soaring temperatures are hard to escape wherever you happen to be. One idea would be to acquire some high-velocity blower fans. They are relatively inexpensive, but if you buy a model that is specifically designed for outdoor use, it should offer a rugged housing that permits the blades to run at fast speeds without any issues, and it should also have a ground-circuit interrupter, which is essential if you are using electrical items that are exposed to the elements. A bit more expensive and perhaps a... Read Full Blog Post





Money & Investment

How a Reverse Mortgage Can Help You Finance Your Home

How a Reverse Mortgage Can Help You Finance Your Home
By: Rickk Miller, September 22, 2016

You have done everything right your entire life.  Worked hard, raised a family, bought a home, made the payments.  You name it, you have done it.  Now you are over 62 and you either want to find a way to pay for improvements to your house, or you want to buy a second home.  What can you do?  You don’t want another loan payment.  In fact, you want to get rid of the existing mortgage on your home.  What if I told you that there is a way to tap into the equity in your home without having to make any payments today?  You probably think I was joking.  But that way is called a reverse mortgage and it is a great way to help you finance your home. What is a reverse mortgage?  It is a home equity loan with a twist.  Unlike more traditional loans, you don’t need to make any interest or principal payments with a reverse mortgage.  All you have to do is pay the taxes, utilities, and insurance on your home.  The loan itself will be paid off when you sell your home or take up permanent residency in another location.To qualify for a reverse mortgage, the borrowers must be over the age of 62. Why would someone use a reverse mortgage to buy a home?  Well, it might sound too good to be true, but it actually happens.  In 2008, the Federal Housing Administration (FHA) changed the rules of the Home Equity Conversion Mortgage (HECM) to allow for the purchase of property.  The program is call HECM for purchase and it can be used to buy a residence by using a reverse mortgage.... Read Full Blog Post

Business Tax Credit Considerations for the Real Estate Industry

Business Tax Credit Considerations for the Real Estate Industry
By: Rickk Miller, March 24, 2016

Taking advantage of tax credits starts long before tax season. It’s something that real estate businesses have to consider before breaking ground on a project or putting up the first “For Sale” sign. From the projects you take on to the people you hire, there are a number of tax credits and incentives that can help you keep more of your revenue. Identifying Business Tax Incentives Before you can claim tax credits you have to first identify them and then follow the requirements so that your company is eligible. This can be a very labor-intensive process since incentives and regulations can change at any time. ADP business tax credits and incentives allow real estate businesses to more easily identify applicable tax credits within a database of over 3,000 incentives. They also have mapping software that allows you to search for tax incentives based on geographic location. Where the Business is Located Like real estate, taxes are all about location. Federal taxes are just one piece of the tax pie. State, county and city taxes can also come into play. Some cities are luring in new businesses with tax breaks for a specified period of time. This can make startup much easier on a real estate business, however, forecasting for the added expense once taxes do kick in has to be done first. The most tax-friendly states that offer the lowest combined tax rate are also worth considering if you are looking to start a business or relocate. For example, Delaware doesn’t have a sales tax and the property taxes are among the lowest in the country. This could be extremely beneficial for a business that is just starting out and... Read Full Blog Post

Save your dollars on your variable rate home loan and stay at an edge over others

Save your dollars on your variable rate home loan and stay at an edge over others
By: Rickk Miller, March 4, 2016

Are you in the market to take out a home loan for realizing your dream of becoming a homeowner? If answered yes, you must have been confused to know the wide array of home loan options available in the market. Mortgage loans are generally categorized into three types, the fixed rate home loans, the variable rate home loans, and hybrid loans which carry some features of both fixed rate and variable rate loans. Although there are many advantages of taking out fixed rate loan, it is not that variable rate loans shouldn’t be taken out. There are number of lenders like NPBS who lend variable rate home loans and if you wish to save your dollars on such loans, here are some steps that you need to follow. Reduce the term of the loan: Like most lending institutions, they offer variable rate home loans with a standard 20 year bond. If you can shorten the term of the loan by only a couple of years, you can cut down the interest rates considerably, thereby saving hundreds of your dollars. That may create the difference between seeking an early retirement and having to continue work. Pay more than the scheduled payments: If you decided to shorten the term of your home loan, you can afford to pay a little extra payment each month. For that you might have to sacrifice some of your expenses, but that will help you in the long run. Even a few hundred dollars added to your variable rate home loan payment might save thousands on interest rate. Make extra payments: Speak to your lender about the penalty charges of making extra payments on your home... Read Full Blog Post

Using Debt Settlement to Get Out of Debt

Using Debt Settlement to Get Out of Debt
By: Rickk Miller, March 3, 2016

Debt settlement is the process of negotiating with the creditors to settle the debt at a reduced amount in lump sum for example 75% or 50% of the original amount you owe. The cost for the debt settlement vary across different companies and is about 10% – 15% of your total debts. Most of the time, debt settlement is used in settling credit card debts. In the past, it is hard to settle a credit card debt for a reduced amount but nowadays you can easily get a debt settled with the help of a debt settlement company. There are so many people that have credit card debt problems and credit card companies are willing to settle a debt for a reduced amount so that they can get back some money instead of nothing at all. You will be asked to stop making repayment to your creditors and make payment to a trust account that the debt settlement company has set up instead. Some of the payments will be used for covering the fees with the rest going to each of the creditors as they agree to the settlement. The missed payment will be recorded in your credit report and it will cause your credit score to drop consequently. The debt will get written off when you are at least 6 months behind payment. In the meantime, you must wait for your balance to be high enough for paying the lump sum. It is when the creditor had sold your debt to the debt collection agency that the debt settlement company starts to negotiate for a reduced debt. Debt settlement company acts as a middleman between you and the... Read Full Blog Post

5 Expert tips for a college student who is planning to buy a home of his own

5 Expert tips for a college student who is planning to buy a home of his own
By: Rickk Miller, September 8, 2015

Are you someone who is a college student with moderate level of student loan debt and who is planning to buy a house of his own? If you don’t owe huge levels of student loan debt and if you have some savings and a reliable job, investing in your home is something that you can try in order to enhance your personal wealth. We usually see a lot of coverage that is given to the slow rate of Millennials buying homes but there is no news of a graduate who has shown interest in investing in a real estate property. Student loan debt doesn’t have as bad an impact on your credit score as credit card or auto loan debt. However you have to ensure that you have the ability to repay the home loan on time after managing all your other payments. Here are some tips for the recent graduates. Pay down high interest debt: The higher are the interest rates on your loans, the higher is the priority that you should give to repay that account. If you owe a certain amount on your credit cards, take immediate steps to pay them down before the interest rates multiply and take a huge shape. The sooner you repay high interest debt, the sooner you can improve the chances of grabbing a deal on your home. Watch out your debt to income ratio: One of the biggest factors for people who don’t get a loan is a high DTI ratio. When you have too many debt defaults in accordance with your income, you will have a high DTI ratio and this is when the mortgage lender won’t allow you... Read Full Blog Post