What is a Home Equity Line Of Credit (HELOC)? A Home Equity Line of Credit, commonly referred to as a HELOC, can serve as a secondary mortgage, allowing you to tap into the cash value of your home. For those who fully own their home, it can also act as a primary mortgage. Essentially, you’re […]

The beginning of the homebuying journey can be daunting. If you’ve looked into home buying, you may have heard of FHA loans, but what are these, and what are the drawbacks and benefits? FHA stands for a Federal Housing Administration loan. These loans are appealing if you carry debt, have a low credit score or […]

When you close on a mortgage, your lender may set up a mortgage escrow account where part of your monthly loan payment is deposited to cover some of the costs associated with home ownership. The costs may include but are not limited to real estate taxes, insurance premiums and private mortgage insurance. This practice ensures […]

When Buying a New Home Don’t Get Blindsided by Your Electric Bill! In states like California, Arizona, Florida, Massachusetts, Illinois, Pennsylvania, Maine, Nevada, and New Jersey electricity rates have DOUBLED in the last 7 years.  Now the second most expensive cost of homeownership outside the mortgage payment itself is the electricity bill.  There is a […]

With the year ending in a tough period for potential home buyers, many housing forecasts are predicting a shift for 2024. While prospective home buyers shouldn’t expect an immediate change to start the year, higher rates and costs should trend downward making purchasing a new home less discouraging and more of an affordable reality. Below […]