If you’ve been shopping around for mortgage lenders, you’ve probably heard a lot about mortgage points. But what are they and how do they affect your monthly mortgage payment?
Home appraisals are a vital component of mortgage lending. See how the appraisal process works and learn how it protects you as a homebuyer.
- Posted by Kristin Demshki
- buying a home
A vacation home isn’t just a summertime house – it’s a memory-maker. That’s according to Toby Babich, a board member of the Vacation Rental Management Association (http://www.vrma.org) with years of experience in the second-home and vacation rental market.
So, you’ve finally found your dream house. Sure, it may need a little work—okay, a lot of work—but you’re confident it will all be worth it in the end. That is until your home renovation project starts to go down the toilet (or worse, the toilet starts falling through the floor).
Deciding whether to renovate your current home or buy a new house can be emotionally fraught and financially complicated. As well, there may be aspects of the "stay vs. go" equation you may not have contemplated.