Category Archives: Homeowner Tips


Main Reasons to Refinance

main reasons to refinance

Refinancing: there are three reasons to refinance. 1. Lowering the cost of your housing, 2. To shorten the term of your mortgage loan and pay it off quicker, or 3. To use the equity in your home for another purpose like paying off credit card debt or home renovations. In today’s market, you can replace […]


Annual Wellness Checkup for Your Home

annual wellness checkup for your home

Owning a home is a responsibility and a privilege. Even if you have owned a home for decades, you may still need help to handle some of its challenges by focusing on the three “M”s of homeownership: maintenance, minimizing expenses, and managing debt and risk. While you may recognize that you need an annual physical, […]


Why Keep Track of Home Improvements?

why keep track of home improvements

As a homeowner, you will receive a generous exclusion on the gain of your principal residence. Current rules stipulate $250,000 for single taxpayers and $500,000 for married taxpayers filing jointly. Many people probably consider the gain or profit to be the difference between the purchase price and the sales price. Before calculating your gain, the […]


Advice on Mortgage Forgiveness

mortgage forgiveness

A decade ago, some homeowners lost their homes to foreclosure or set up a short sale to get out from under the debt during the mortgage meltdown that caused the Great Recession. Lenders forgave all or part of the debt owed them in most cases. Again, in the early ’90s we had the Savings & […]


Check This Off Your List

check this off your list

Your probably know someone in your life that has a tragic story. Whether it was a fire, a flood, a burglary, or another disaster they probably needed to file a claim on their insurance. To do this, you need receipts or a list of what you are claiming lost or damaged. And, since we are […]



Financing Home Improvements

financing home improvements

Owners can finance improvements on their home by using home improvement loans as a funding source. Home improvement loans do not rely on the home as collateral and are instead personal installment loans. Due to the higher risk to the lender with these types of loans, the interest rate is often much higher than a […]


Personal Finance Review

personal finance review

For centuries, the sentiment for frugality has been “a penny saved is a penny earned.” Whether or not Benjamin Franklin ever used this expression is up for debate, but he did say “Beware of little expenses; a small leak will sink a great ship.” When all is said and done, it is not how much […]