Downsizing Mistakes to Avoid.

Downsizing Mistakes to Avoid.

There are many times when downsizing a home makes sense. Empty nesters will often choose to downsize after their children are grown, and they no longer need a spacious family home. Sometimes families who face financial challenges will downsize to save money on their...
Benefits of Homeownership – Beyond Home Equity

Benefits of Homeownership – Beyond Home Equity

Buying a home carries many benefits. Some of these you may know and others you may not. If you’re considering becoming a homeowner, it’s worthwhile to take a closer look at the many potential benefits that come with the home purchase. 1. Home Equity Home...
What is a Second Mortgage and How Can It Be Used?

What is a Second Mortgage and How Can It Be Used?

One of the benefits of owning your own home is the chance to build equity. The longer you own a property, the more value it accrues. This happens for two reasons. First, you pay a little bit towards the principal balance every time you pay your mortgage. Second,...
Foreclosure and Buying a Home – What You Should Know

Foreclosure and Buying a Home – What You Should Know

If you have had a foreclosure in your past, buying a home becomes a little more complicated, but a foreclosure does not mean you can never become a homeowner. Each type of mortgage has its own set of circumstances and requirements you must meet. Knowing what these are...