Water problems in your home can happen quickly and just as quickly get out of hand. It can be a little scary to walk into your kitchen and see a flood spreading rapidly toward your ankles. But these three tips will help you quickly assess what went wrong, how bad it is, and how to start fixing it immediately.
“A few weeks ago, I noticed a little puddle on the floor by the dishwasher, which isn’t currently working. So my roommate and I assumed it was from tidying the kitchen; we mopped it up and moved on with our lives. I came back to the kitchen 30 minutes later and found a puddle that had engulfed the dishwasher, fridge, half the kitchen floor, and was making [...]
In an ideal scenario, the perfect house shows up when you are ready and have the cash flow to cover the down payment, closing costs, and first month’s mortgage. However, this isn’t always the case. If crunching the closing cost numbers is beyond stressful, rather than missing the opportunity to buy now, you might see if a lender credit could make it happen.What is a Lender Credit?
A lender credit is also called a lender assist, though you may want to sit down with your mortgage broker to more solidly understand the verbiage he/she uses. What is a lender credit? Essentially, as a borrower, your lender could agree to credit closing costs. For instance, you might [...]
The 17th of March is nearly upon us, which means that it is nearly the day of St. Patrick. A little bit of history for you: during this holiday, we celebrate every year to commemorate the death day of the man who brought Christianity to the Emerald Isle. We do so to honor his accomplishment, driving the snakes (symbolic of the old Celtic pagan religion and its adherents) out of Ireland. Typically, we honor and celebrate this feast day by drinking beer that’s been dyed green with food coloring and clogging the night away. Traditional meals of corned beef and cabbage are feasted upon, and everyone you know wears, [...]
There are a million ways to die, but did you know that two of the top ten ways are from home washing machines and dryers? Between 2010 through 2014, US municipal fire departments responded to an estimated 15,970 home fires involving clothes dryers or washing machines. There were 13 civilian deaths, 440 civilian injuries, and $238 million in direct property damage from those fires.
The leading factor contributing to the ignition of home fires (one-third of all fires) involving clothes dryers was the homeowner’s failure to clean lint from the vents or machine. The other top hazards on our list:Fire Hazard: Cooking
The top home fire hazard in America and much of [...]
Getting ready to move means you’ll most likely spend more time thinking about boxes than at any other time in your life. Most people spend the weeks leading to their move searching for anything and everything cardboard. Yet because you have to fit nearly everything you own into boxes to make moving simpler, your cardboard craze may have you believing that one box is as good as another. You’ll take any type of box you can get — and once you think you have enough, you’re ready to start packing. However, having the right boxes can make a huge difference for your move.
While you may be appreciative of any boxes you can wrangle up in the time before your move, [...]
Adjustable rate mortgages are mortgages where the interest rate changes during the life of the loan. The most popular structure consists of a short period where the rate is fixed and attractively low−sometimes much as a full percentage point below comparable fixed-rate mortgages. At a date in the future − usually five to ten years − the interest rate resets. Often rates are linked to an index, like the prime rate, or the S&P 500, and after the reset, rates are usually significantly higher.
Adjustable-rate mortgages, or ARMs, were popular during the housing boom twelve years ago. Lenders created a variety of ARM structures to meet the demands of a buying public that had [...]
Rough, warmer weather and rain have triggered underground termites to begin emerging more than a month early. Although termites don’t take a day off – ever – feeding year round, they swarm in the spring, looking for new feeding grounds. Experts say the destructive pests are already on the move and looking for places to start new colonies. In the southern US, swarms have been reported in Florida and exterminators expect the activity will move north over the next few months as spring weather arrives. Spring “swarmers,” as they’re referred to by pest experts, are triggered by warmer temperatures and rainfall. As soon as moist, warmer days arrive, [...]