Movers carrying boxes on moving day

5 Ways to Save Money on Moving

Whether you’re just moving across town or making a major move across the country, moving is stressful. So stressful, in fact, that many mental health experts place it near the top of the list of most stressful life events. It’s not just the move itself, but the planning, disruption of routine and the expense of moving that make it so unpleasant...


Tool belt and hammer to be used for home improvements

How to Save Money on Home Improvements

During the Great Recession, most homeowners tightened their belts and performed the bare minimum tasks necessary for home maintenance. Elective remodeling and home improvement projects were placed on the back burner. Homeowners were primarily concerned with paying their mortgages and simply staying in their homes. Now that the economy is more st...


signs of housing scams and fraud

Signs of Housing Scams & Fraud

When the housing bubble burst in 2007, a slew of scam artists started targeting homeowners facing foreclosure. It quickly became difficult to sort the real help from false hopes. Consumers around the country were scammed out of thousands of dollars, and even their homes. It’s important to know that legitimate help is widely available. The U.S....


Do’s and Don’ts for Using Home Equity

Equity is the difference between a home’s fair market value and the outstanding mortgage balance. When the housing market crashed in the fall of 2007 and into 2008, many homeowners across the nation lost much, if not all, of the equity in their homes. Homeowners who do have equity in their homes have the option to borrow money against the equi...


Feeling House Poor? 5 Tips to Simplify and Save

Homeownership is considered a cornerstone of the much-desired American dream. However, we each embark on a path toward fulfilling this dream at different rates, surrounded by different circumstances. If we get caught up in chasing a dream that’s not within our current means, then we run the risk of serious financial hardships in all parts of our ...


African American family enjoying Thanksgiving Dinner

What is a Reverse Mortgage?

A reverse mortgage, otherwise known as a Home Equity Conversion Mortgage, (HECM) is a loan, using your home as collateral, and where payments on the loan are not required monthly or at all. Instead the loan becomes due and payable only after the last homeowner either dies, sells the home or stops living in the home for 12 consecutive months. With a...


Housing Crisis Programs

The home-mortgage crisis in the United States has spawned problems in the mortgage, real-estate and banking industries, and many consumers now face mortgage-payment increases in the coming months that could cause the number of foreclosures to climb even higher. Here are two valuable resources for consumers in need of help with their mortgage situat...


Home damaged after a storm to make a homeowners insurance claim

How to Save Money on Homeowners Insurance

Homeowners insurance may seem complicated, especially for a first-time homebuyer. You've committed a sizeable portion of your income to your monthly mortgage, and now you have to set aside money for insurance, too. In addition to monthly premiums, many homeowners find the application process difficult. They must take stock of their belongings and a...


Tips for Evaluating a Home Warranty Policy

When you purchase a home – whether or not it’s brand new – you will likely be offered a home warranty, but what does it cover, and is it a worthwhile expense? What is a home warranty? It’s a form of insurance that offers discounted repair services or replacement of your home’s appliances and major systems. Coverage may include:  air c...