Ready to Downsize?

Are you ready to retire and downsize your home? Here are some ways to prepare for the move and make the process easier. Research your ideal new home. Look into condominiums and senior communities to see if they have benefits you’ll enjoy. Select an easily accessible home with added features like grab bars or non-slip…
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Appraisals

What You Need to Know About Appraisals If you are buying a home and need a mortgage, the lender will require a property appraisal—comparing the sales price you have negotiated to other comparable homes that have sold in the area. If you are thinking of refinancing your home to pay off a first and second…
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7 Common Misconceptions about Credit Reports

7 Common Misconceptions about Credit Reports There are a lot of misconceptions about what information (about you) becomes part of your credit report. Some of it is “urban legend”—passed on from person to person—but not necessarily true.  So here are 7 of them that I’d like to clear up for you. MYTH – Your free…
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Inexpensive Backyard Updates

You don’t have to spend a mint to have a beautiful backyard. Consider these budget-friendly ideas to give your outdoor living space a makeover. Refurbish. Update your patio and outdoor furniture with paint, stains and sanding. Replace worn or old seat cushions. Buy cheap. Paint inexpensive pottery and planter boxes to match your outdoor aesthetic.…
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6 Common Homebuyer Mistakes

1. Get pre-approved before you go shopping.  Know what you qualify for before looking at homes. A lender’s pre-approval will let you know what programs are best suited for you based on your credit score and income. Also, determining your debt-to-income ratio income tells you how much house you can really afford. 2. Differentiate between…
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Reverse Mortgages – Tax Free Income for Senior Citizens

I fully realize if it sounds too good to be true, it probably is and There Ain’t No Such Thing As A Free Lunch (TANSTAAFL) immediately jumped into your head when you read the title of this article. However, if you are 62 or over, you may have just found the goose that laid the…
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Should I Rent or Own a Home?

Owning a home means more responsibilities, but with a host of rewards, including: Investment value Monthly mortgage payments can be comparable to rent – or even lower – and you’re building equity in an investment that can increase in value. This equity can be used to get money saving home equity loans or as a…
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Tax Breaks For 1st Time Homeowners

Are you thinking about purchasing your first home? Tax breaks available for first-time homeowners may make it worthwhile. Consult your accountant or tax professional about which of these conditions apply to you. You may be able to deduct the total amount of interest paid on your mortgage. If you make a down payment of less…
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8 Tips for Smart Credit Card Use

Avoid annual fees. Most of us don’t need the “perks” that come with a for-pay credit card. Use it like a debit card. Use your credit card when making purchases or paying bills, and pay off the balance each month. Rack up the reward points without paying finance charges! Rewards. Look for a credit card…
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Cut Utility Bills

Most people are shocked these days when they open their utility bill. By auditing your home, you can turn a monstrous utility bill into a minor annoyance. Home Energy Audit It happens every month. You pick up the mail and see an envelope from the utility company. Oh, the agony! Should I open it now…
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