Tag Archive: home

When buying a house, should I use my gross income or net income to determine what I can afford?

September 3, 2014 by 2 Comments

There’s a big difference between your gross income and your net income. Your gross income is the money you earn each month before taxes are removed. Your net income is that same income after taxes are removed. No surprise, your net monthly income is usually much lower than your gross monthly income. When it’s time to buy... View Article

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Have You Tried to Refinance Lately? HARP Changes Could Help You Qualify

August 29, 2014 by Leave a comment

As the housing market continues to rebound, lenders are in a tricky situation. Excessively strict lending laws can cause the market to stagnate, but loosening restrictions too much will result in foreclosures. Consumers and economists often eagerly await news about lending conditions, since it directly impacts the market. One major source of information on lending conditions is the... View Article

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Increasing Home Value Part 3: Why You Should Consider Paying Off Your Mortgage Early

August 28, 2014 by Leave a comment

If you want to make some headway with your personal finances, you may want to make plans to repay your debts. When we talk about debt, most of the time we’re referring to the “bad” kind: student loans with balances greater than your annual salary, or consumer credit card debt. But there’s “good” debt, too. That’s what your... View Article

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A Guide to Stress Free Home Additions

August 27, 2014 by 2 Comments

One issue that some homeowners face is dealing with limited space to the point that it’s a lifestyle detriment. When this is the case, then it’s time to explore home addition options to expand the space and make a property more livable. Fortunately, there are a few possibilities that involve minimal hassle and won’t kill your budget. Sunroom... View Article

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What is a home equity loan?

August 26, 2014 by Leave a comment

Many homeowners think of home equity loans and home equity lines of credit as the same thing. But they’re not. In fact, there are some significant differences between the two. Think of a home equity line of credit as a type of credit card that uses your home as collateral. You can borrow up to a certain... View Article

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Increasing Home Value Part 2: Go Green and Save Green (And Boost Your Home Value Too)

August 26, 2014 by Leave a comment

Many homeowners have searched for ways to lower energy bills without inconveniencing their household. But have you ever stopped to think about how much of an impact your energy usage is having beyond your own home? Or how going green can reduce stress on the environment and your budget? Going green with appliances and insulation go hand in... View Article

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HARP is nearing its end: If you’re underwater, its time to refinance now

August 22, 2014 by Leave a comment

Debating whether to refinance? If you owe more on your mortgage loan than what your home is worth, you might be running out of time. That’s because the federal government’s Home Affordable Refinance Program — better known as HARP-  is scheduled to expire at the end of 2015. And if you don’t refinance before that government program... View Article

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