When looking for a new home, it’s important to be familiar with potential signs of defects and disrepair. Here, we’ve compiled a list of 10 red flags to watch for in a new home. Doors that don’t close completely If the doors of the house you’re viewing don’t quite meet the jambs, you’re potentially looking at a sign of major …
Have you seen the value of your home skyrocket lately? In some areas of the country, properties have doubled in value over the last two years. Because of this, many homeowners like you may be wondering what, if anything, they can do with this burst of equity. Here, we’ve outlined several financial moves you may want to consider at this …
Keep your home warm and safe this winter by following our comprehensive to-do list before the real cold sets in. 1. Seal your home Give your home a quick run-through, checking for drafts. You can do this by holding a lit candle near the following areas: Windows Doors Vents and fans Plumbing areas Air conditioners Mail chutes Electrical and gas …
If you’re a homeowner in need of a bundle of cash, look no further than your own home. By tapping into your home’s equity, you’re eligible for a loan with a, generally, lower interest rate and easier eligibility requirements. One way to do this is by opening up a home equity line of credit, or a HELOC. Let’s take a …
As a Directions Credit Union member, you have several choices when it comes to financing a home renovation. And we want to help you find the right one for your specific needs! First, let’s take a look at some common choices and why they’re not the best idea: 1. Home Equity Loan A home equity loan is a loan that’s …
If you have decided to take the plunge and buy a home, you should take great care to get the right lending partner. It’s is a big decision with lots of nuances to consider. With thousands of different banks, credit unions, and even online options, how will you pick the best financial partner for your needs? First, let’s look at …
A move to a smaller home is a positive lifestyle and financial change all empty-nesters and retirement age individuals should consider. While there are many fond memories of the house in which you raised your family, it’s time to think about your own needs as you approach a new phase in life. Many people dream of buying their ideal retirement …
Selling a home is a move people generally plan years in advance, and 2020 was no different. For many homeowners, the hot real estate market of spring and summer of 2020 was going to be the season they put their homes up for sale. And then came the coronavirus — and the world turned upside down. With people struggling to …
We all grow up hearing the same financial advice: Spend less, save more and invest early. While most of these words of wisdom ring true, there are lots of widespread money management tips that are actually false. Read on for 7 money myths that might be causing you more financial stress than benefit. Myth #1: Debit is always better …
If you’re hiring a contractor to make improvements on your home, be alert! Home improvement scams are more common than you may think, and they can cost you a lot. Read on for 8 ways to spot a home improvement scam. 1. The contractor insists on being paid upfront Be wary of any contractor demanding that you pay most of …
