If you’re a homeowner, chances are your house is worth less than it was five years ago. But you could still be paying more to insure it. Despite the deep housing bust of the last few years, the cost of rebuilding a damaged home — in other words, what you pay insurance for — has […]
Homes No Longer Key to Retirement Savings
There was a time when U.S. homeowners could proudly point to their homes as the key to their retirement years. Home values, after all, were soaring every year during the great housing boom. Homeowners could dream of selling their residences for big dollars, enough to fund their retirement plans. However, those days are long gone. […]
Home Energy Saving Tips
Easy ways to make your home more energy efficient. Learn about caulking around doors and windows, adding CFL bulbs, adding door sweeps and more to increase home energy savings… Everyone is looking for ways to save on their energy bills these days. Have any other tips you’d like to share with our readers? Just use […]
A Little-Known Strategy for Cutting Mortgage Payments
Homeowners looking to lower their monthly mortgage payments and also save some on interest may be able to do so without all the hefty fees and daunting credit requirements of refinancing. A little-known strategy, called “recasting,” or “re-amortization,” is available through some mortgage lenders and servicers. It involves paying off a lump sum of the […]
Resolve to Raise Your Credit Score in 2011
If your New Year’s resolution involves your finances, a great first step is to check your credit report. Vowing to manage one’s finances better in the New Year could be an appropriate resolution for almost anybody. You can get a bird’s eye view of what your finances look like simply by checking your credit report […]
Strategic Defaulters Opt to Continue Paying on 2nd Liens
Borrowers who strategically default on their first mortgage often continue to pay on home equity lines of credit, according to a new white paper from two authors with the Philadelphia Federal Reserve. Data for the study came from a large random sample of individual credit records drawn at the end of each quarter from Equifax, […]
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