Recently Lose Your Job? 3 Tips for Managing Your Mortgage When You're Out of WorkThe financial responsibility of a monthly mortgage payment can be stressful on its own, but you may be even more concerned about your home investment if you’ve recently lost your job. Fortunately, there are some things you can do and places you can turn if you’re not yet certain where your next paycheck will come from. If you’re struggling with newfound unemployment, here are some important steps to take.

Shake The Piggy Bank

Most people struggle to save and that means they don’t necessarily want to dip into savings when it comes to financial difficulties. Unfortunately, if a job does not appear quickly, you may have to rely on the money you’ve accrued to help you out. It’s important to take a look at how much savings you have and determine how long it will last. Instead of just calculating your monthly payment and leaving it at that, be realistic and include all of your applicable living expenses to see how much leeway you have.

Reach Out To Your Lender

It may seem like mortgage lenders will not be concerned with your plight, but it can be to your benefit to reach out as soon as you think there might be a lapse in payment. It’s possible your lender may be able to offer you some type of payment plan if they’re provided with a timeframe for payment. Plus, they will be impressed with your honesty and quick communication. If you have a solid credit history and have made all of your payments on time, contacting your lender may buy you a bit more time.

Contact Your Government Agency

If you’ve used a government agency to secure your mortgage, there’s a good chance there may be a program available that will assist you in getting through this financial time. Whether you’ve worked directly with the Federal Housing Administration (FHA) or Fannie Mae and Freddie Mac, you may be able to find an opportunity in your unemployment that will cover your loan amount for you. It’s just important to be aware of any financial consequences once you’re back on your feet.

It can be very stressful to pay down your mortgage while you’re out of work, but you may be able to get through it by being aware of your financial picture and communicating with your lender. If you’re currently struggling with your mortgage, your trusted mortgage professionals for more information.

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$100 Well Spent: 5 Useful Home Upgrades That Cost Less Than $100Whether you’re trying to improve the look of your home or are getting ready to put it on the market, the idea of renovations might seem like a significant financial burden to take on. Fortunately, there are a variety of easy solutions for improving the look of your home without spending a lot of money. If you’re wondering how you can spend $100 wisely, look no further than the following upgrading tips.

A Funky Light Fixture

It might seem like a cool light will cost an arm and a leg, but there are plenty of options available on the market that will instantly add a unique touch to your place. Whether you decide to go mod or classic, a fixture can draw the eye and instantly add interest to a room.

A Makeshift Curio Cabinet

In these days of smaller living, many people have to pile their stuff into closets and cabinets in order to make it all fit. Fortunately, a bookcase-cum-cabinet can be an inexpensive purchase and can house a variety of items like books, dishes and appliances for an easy, eclectic look.

Covering The Cabinets

Kitchen cabinets are often one of the first things to show age in a home, but getting out the can of paint can be a great way to instantly modernize their look. While you’ll want to go with a neutral tone that will compliment the space, the right color can add instant oomph.

Re-Upholstering A Chair

There are pieces of furniture in your home that you may be tired of looking at, but there’s an easy way to improve them without buying new: re-upholster! By trying out a new fabric on one of your favorite chairs, you might be surprised by how much it improves the room.

Paint Does The Trick

Painting may be one of the least popular renovation tasks, but few things are as successful at improving the look of your home as a fresh coat of paint. Instead of going all out with a bright color, choose a neutral shade that complements the furniture for an instant brightening effect.

Home renovations may seem like an expensive endeavor, but you can easily improve the look of your home with a new light fixture or by giving your furniture some love. If you are interested in making valuable renovations to your home, contact your trusted mortgage professional today.

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NAHB: Builder Confidence in Market Conditions Dips in July

July 19, 2017

According to the National Association of Home Builders, July builder sentiment dipped to an index reading of 64 as compared to June’s revised reading of 66, the original reading was 67. Analysts expected the reading for July to increase to 68. Builders cited increasing lumber prices as a concern affecting builders’ outlook on housing market conditions for new single-family homes. Any reading over 50 for the NAHB Housing Market Index indicates that more builders than fewer are positive about housing market conditions, but July’s reading was the lowest in eight months. NAHB said that home builder confidence in market condition “remains strong.”

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Going Green(er): 3 Common Waste Items You Had No Idea You Can Recycle

July 18, 2017

It has never been more popular to live a “green” lifestyle and develop sustainable living practices that will help out the planet. While you may be used to recycling cardboard boxes and giving away your old hand-me-down clothes, there are probably a few household items you didn’t even know you could recycle! If you’re wondering what to do with some of your old, used items, here are a few things that may be ready for re-use.

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Buyer Beware: Three Major Red Flags to Watch for When Visiting Open Houses

July 14, 2017

Open houses are a good opportunity to get out and about to see what kind of home you’re looking for, and if it will work for you. Fortunately, they can also be a good opportunity to find out some things about the house you’re looking at that might not be listed on the website and may be less than flattering. If you’re wondering what red flags to watch out for, pay attention to the following things the next time you’re at a showing.

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Understanding Your FICO Score and Why Small Credit Mistakes Can Cause Huge Headaches

July 13, 2017

Many people all over the world are dealing with issues involving debt or poor credit history, but most aren’t necessarily aware of what exactly makes up their credit score. Unfortunately, it might seem like it’s the big stuff that counts when it comes to credit, but little things can have a significant impact on your financial health. If you’re looking to improve your understanding and your finances, here’s what you need to know about small mistakes and your FICO score.

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With Mortgage Rates This Low, Should You Dive In? 3 Reasons Why Now Might Be the Time

July 12, 2017

Whether you’ve just finished school or are about to start a family, investing in a home can be one of the biggest financial decisions of your life. But as you’ll soon discover, there are a number of considerations you’ll need to make. It can be difficult to know whether to get a short-term or long-term mortgage, or how long of an amortization period you’ll need.

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Location, Location, Location: How to Ensure You’re Buying a Home in the Right Community

July 11, 2017

When investing in a home, one of the most important things is buying a place that you and your family can feel comfortable in. If you’re wondering what you should be looking for in the neighborhood you choose, here are a few things to consider before making an offer on a home.

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What’s Ahead For Mortgage Rates This Week – July 10, 2017

July 10, 2017

Last week’s economic reports suggested that demand for homes is rising despite a jump in mortgage rates and rising home prices fueled by low inventories of homes for sale. Demand for homes rose by 1.40 percent as interest rates jumped after the 10-year Treasury rate rose by 10 basis points.

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Exploring Tesla’s New Solar Roof Tiles – Are They the Ultimate Home Upgrade?

July 7, 2017

Recently, Tesla has moved into the business of solar roof panels, which have become a hot commodity on the market with their green ethos and energy savings. If you’re curious about solar power and want to know the details on this product, here are some things to consider before buying in.

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