Most people know about the official recommendation to have an emergency fund. But this fund has to be even larger for homeowners than for those who rent. That is because home repairs can come up unexpectedly, and some are incredibly expensive. But how much do you need to have on …
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The industry standard when buying a house is to have a down payment of at least 20%. If you have less than this, it can be harder to get approval for a loan or to have your offer for a home accepted. That being said, it is still possible to …
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Most people are looking forward to the peaceful years of being retired. Not having to work is a relaxing change, but first, you need to get yourself in a financial position to retire. But what do your finances need to look like? How much do you need saved for retirement? …
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As a homeowner, you need to make sure that you take care of your property. Regularly inspecting, cleaning, and maintaining your home will help it maintain its value and prevent expensive repairs in the future. We’ve gathered the most important summer home maintenance tasks in one convenient article for you …
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If you own a car, then you need to have car insurance. Having auto insurance is mandatory in the United States, and you can get in legal trouble if you don’t have it. But why is that the case? Mandatory Car Insurance Nearly Every State Requires It The federal government …
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There is more than one type of savings account, but you may not be familiar with a high-yield savings account. Read on to learn more about these accounts, including how to select one. What Is a High-Yield Savings Account? What Is a High-Yield Savings Account? You can probably guess that …
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Replacing your roof is a major undertaking, but something that all homeowners need to do at least every few decades. Because this type of repair can be expensive, make sure you know what to expect before you start the roof replacement. Get a Roof Replacement What Happens During a Roof …
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Everyone who owns a house should have homeowners’ insurance. It will protect you financially in the event of a range of problems, from fires to natural disasters. As with any other type of insurance, you should take some time to compare quotes from various insurers before signing up with one. …
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Before you buy a house, you will likely shop around for a mortgage and compare interest rates. The interest rate is crucial as it affects how much you will pay over the life of the loan. Even a small change in your interest rate can save you tens of thousands …
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Most mortgages last 15 or 30 years. Notably, the longer the term, the more you will pay in interest over the lifetime of the loan. Because of that, many people choose to pay off their mortgage early if they can. But there are some things you should know before doing …
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