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(BPT) - It's an all too familiar monthly event: you write out a rent check and wait for the funds to disappear from your bank account. But what if instead of making endless payments on something you don't own, you could own a home of your own? When you finance a home purchase with a mortgage, you build equity and increase your percentage of home ownership with each payment made.
'Homeownership may sound like a big step, but it's not as out of reach as you might think,' says Eric Hamilton, President of Vanderbilt Mortgage and Finance.
Vanderbilt Mortgage offers these tips to home financing to help you realize a place of your very own:
Assess your financial situation.
Before you even begin to look at homes, you should know what you can afford. Consider your debt-to-income...
(BPT) - Rain, sleet, ice and snow - no matter what form it's in, precipitation can lead to major winter damage resulting in many issues for home and business owners. Icy roads, ruptured pipes and ice dams are all complications brought on by winter water, and the threat may be even greater this season according to national weather predictions.
The National Oceanic and Atmospheric Administration is predicting this winter to be wetter-than-average in many parts of the country. Additionally, when you consider the threat of El Nino looming for certain regions, proper seasonal preparation is especially important this year.
'When it comes to winter weather, it pays to be prepared for the worst,' says Peter Duncanson, director, disas...
(Family Features)-Some home maintenance jobs require a significant investment of time and specialized equipment, but there are many projects you can accomplish efficiently with basic tools and the right approach. Follow these tips to get started.
Update your toolbox. Take inventory to ensure your collection is complete, and replace damaged or rusted tools. Your toolbox is also a good place to store common repair items such as adhesive.
Get ahead of potential problems. For example, have a plunger on hand to prevent clogged sinks and toilets from causing water damage, and keep gutters and filters clean to prevent structural damage or fire. You can also protect your home and valuables from damage by using adhesive to secure precious items from ge...
Economic headwinds will be offset in the coming year by a tightening labor market and a renewed decline in gasoline prices, according to Fannie Mae's Economic & Strategic Research Group-a heartening forecast that could bode well for the housing market. The ESR Group expects the economy to grow 2.4 percent in 2016.
"After a year of modest improvement, we continue to believe economic growth will close out 2015 at 2.2 percent before gaining momentum early in 2016," says Fannie Mae Chief Economist Doug Duncan. "Although consumers have been more cautious in recent months, preferring to save rather than spend, we believe they will pick up their spending pace next year amid solid job gains and resulting growth in incomes. The unsustainable third-quarter inventory investment will likely subtract signi...
Purchasing a home for the first time is one of the most exciting and important decisions someone can make. Making a mistake in the process can be devastating. However, most first-time home buyer mistakes are easily avoidable with a little bit of research and guidance from a real estate professional. Here are a few dos and don'ts to help prepare first-time buyers.
Don't assume you are able to buy a home just because you have saved for the down payment. There will be other pre-buying expenses related to purchasing the home that you need to anticipate. Anticipating these costs and investing up front will make the loan process much easier. Make sure you check your credit score as well, because this will determine your interest rates and insurance costs.
Don't make any huge purchas...
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