TV shows like Fixer Upper and Rehab Addict can inspire homebuyers to purchase a home in need of renovations or rehab and make it into their own, but they leave out a very technical part of the process: financing the renovations. Fannie Mae’s HomeStyle® Renovation Mortgage allows purchase and refinance borrowers to include financing for…
Month: June 2015
24 Ways to Save Water & Energy at Home
Reducing your carbon footprint, saving on utility costs and improving the overall efficiency of your home doesn’t require as much work or money as you may think. U.S. homeowners and renters spend $163 on average on just gas and electricity per month, according to a Intuit Mint survey. Use these tips to decrease your home…
13 Terms to Learn Before Buying Your First Home
Buying a home can be an intimidating process for first-time buyers who don’t know common mortgage terms. Education is key to buying your first home, so here is a list of commonly used terms that may come up in the loan and homebuying process.
8 Tips for Burglar-Proofing Your Home
Your home is meant to be a place of security and safety. The United States leads the world in occurrence of burglaries, with one occurring approximately every 15 seconds. While a break-in can be financially devastating, it is also emotionally taxing. Regardless of the safety of your neighborhood, a false sense of security can leave…
First-Time Homebuyer FAQ: If I Have a Mortgage, Do I Own My Home?
Home financing can be a confusing process for first-time homebuyers, including the concept of ownership after closing on a mortgage. When you purchase a home via a mortgage loan, as a borrower you are, in fact, a homeowner free to make decisions pertinent to the property (decor, renovations, construction, etc.) – but do you actually…