Coming up with a down payment for a house is often a worry for want-to-be homeowners. Depending on the type of home loan you intend on applying for, you would need either 3.5 to 5 percent of the purchase price, or the standard 20 percent of the purchase price. So where does that money come from? For most people, it comes from years of savings and hard work, and if you are fortunate enough, a portion might come from gift funds. Perhaps the money was given to you as a wedding gift, or maybe from your parents to help you get started as you head out on your own. Regardless of where the gift funds came from, there are guidelines and procedures that must be followed if you’re using gift funds for a down payment.
As the warmer weather creeps in, we all start thinking about vacation days, beach trips and long summer nights. Besides all of the fun-in-the-sun things that are on all of our minds, we should also consider ways to get our homes ready for the warmer weather. A little bit of preparation can save headaches and money later. Consider following the below tips to be sure you are prepared.
Change can be difficult for anyone, but this is especially true for children. Starting a new school is a change that can be particularly stressful and intimidating for kids. Whether the change is due to moving to a new town or graduating on to a higher lever school, this can be a time filled with confusion and anxiety. Moving is also a busy and stressful time for the entire family, so it’s important to keep in mind that kids moving to a new town now have to adjust to new surroundings, a new home, and a new school, which can compound their fear and anxiety and make it that much more difficult.
This question is one that many people think about as they start to consider retirement. But what is the right decision for you? The one thing everyone in this position will agree on is this life changing decision is deserving of the time it takes to consider all advantages and disadvantages.
Every day, more and more people are becoming more environmentally cautious. Adopting eco-friendly habits will not only help our environment, but it will also help you to save money. Here we list things you can change or update in your home to work towards this goal.