Should I Ignore Refinancing Offers?

If you've been ignoring offers to refinance your mortgage, then you aren't alone. Many homeowners fail to refinance their loan, even though doing so could save them significant money by reducing their interest rate. In fact, researchers at Columbia Business School found that the majority of homeowners who received refinancing preapproval applications through the Home Affordable Refinance Program chose not to apply. How much did this decision cost them? According to the article, approximately $9,000 in interest savings!

First-Time Buyers Should Avoid These Common Mistakes

Doing anything for the first time can be tough, especially when it's as important as buying a home. As a first-time buyer, you will be bombarded by a seemingly-endless stream of information and advice from friends, family, and your real estate agent. Of course, not all advice is good; in fact, even repeat buyers can fall prey to common mistakes and misconceptions in their search for a place to call home. To help cut through the noise, Realtor Magazine recently wrote about three of the most common mistakes made by first-time (and repeat!) buyers. 

Expect These Issues to Appear in Your Home Inspection Report

The moment when you finally land your dream home can be almost euphoric! Of course, as a savvy buyer, you know that you still need to see what the home inspection turns up before you sign on the dotted line. For many buyers, getting through this process can be stressful, especially if it's your first time doing so, which is why I recently wrote about what you shouldn't necessarily expect to find in the report. This information is useful when making your final decisions about the purchase, but it is perfectly understandable if you're more concerned with you actually should expect to see. In this post, you can learn about the most common problems found during a home inspection and how much it costs to fix them.