If you plan to take a trip to the local home improvement store this summer, you’re likely going to visit either The Home Depot or Lowe’s. Although they offer really great prices, there are ways you can save even more money while shopping at these places. Take a look at these 3 things savvy shoppers…
Are you a first-time homebuyer? If so, you might be eligible for programs offered through your bank or credit union, or through city or state agencies. Ask around before purchasing a home, so you can get all the benefits available. You may be provided some kind of financial assistance with things like…
Just because a mortgage lender approves you for a specific loan amount doesn’t mean you have to spend it all. It’s a good idea to get a home for less than the amount approved for. Having money left over is ideal for an emergency fund. Most mortgage lenders let borrowers spend up to 28%…
If you hate the idea of paying on a mortgage for 30 years, you can avoid that by selecting a shorter term and paying a higher monthly payment. You could also agree to a 30-year mortgage, but make an extra principal-only payment every year. Because an extra payment reduces the principal amount, you end up…
Before you commit to buying a home, it’s important to remember that this is one of the biggest financial decisions of your life. One of the smartest steps you can take to save thousands of dollars on your home, is to give a 20% down payment. Although it isn’t required to have 20…