November 25, 2014 by Leave a Comment
Many people obsess over mortgage rates, while there is much more to consider!
November 10, 2014 by Leave a Comment
This editor took the pictures from The International Space Station and made it even more amazing!
October 20, 2014 by Leave a Comment
Interesting how the more things change, the more they stay the same…
September 22, 2014 by Leave a Comment
July 24, 2014 by Leave a Comment
Many people get the reno bug…wanting to improve your home can make a lot of sense from both a “living in it” point of view and a financial one.
Two of the most important areas for potential buyers are the Kitchen and Bathrooms…this also usually goes along with what most people want to renovate! The trick is to update to the latest trends without breaking the bank. Countertops, appliances, sinks and cupboard hardware are good places to start…new cabinetry, changes in layout etc. should be secondary…budgets can quickly enter the realm of never getting it back. Other areas many people look for are modern heating/cooling systems, increased efficiency and high tech.
More here: Link
So how do you pay for it? The Bank would tell you to take out a “Home Equity Line of Credit” which they make sound so easy…and it is, until you try to pay it off. Lines of Credits are a Bankers best friend, because they really are the “Never Never Plan” where you will find in 3 or 4 years your balance hasn’t gone down, yet you have paid the interest on it routinely. You are always better to look at refinancing your mortgage and taking out the required funds…then focus on paying your whole mortgage off…better yet, save up the money and pay cash!
Michael Anthony Lloyd