People wanting to extract equity from their homes to pay for repairs or consolidate bills often ask themselves “should I refinance or get a home equity loan?” Key considerations are the interest rate and the closing costs.
Most people do their homework before buying a new home but sometimes after moving in the new owners discover problems that are expensive to remedy. What is the recourse of a buyer to seller ? After the sale of the home, state laws vary on the seller’s liability.
The economic downturn that begun in December 2007 was largely caused by a housing bubble and the consequences of the bubble are falling prices, record foreclosures and a huge amount of housing inventory on the market. Advice on buy to let mortgages enpowers people to buy the homes cheaply.
As summer draws to a close the nights get darker a little earlier and people start using their lights more. Electric bills can soar during winter and people looking for ways to reduce consumption often wonder what to do. Dimmers save money according to energy companies, but how much ?
A serious question that many people are faced with is how to manage money in a second marriage. Whether the first marriage ended with the death of a spouse or in divorce court, there are often lingering financial issues that can impact marriage number two.
Traditionally, home loans were used to purchase property or consolidate debt, but as credit loosened many people used home loans to fund everyday expenses. Due to the economic downturn, many homeowners are now wondering how they can avoid a home loan default.
With house prices falling and sales down many people are wondering how much to reduce price to sell home properties. Appropriate pricing should enable a house to be sold more quickly and allow the seller to meet their own financial needs.