Essential Tips for Homeowners
Bump Up Your Mortgage Payments
If you have any sort of expendable income, you might want to think of putting it towards your mortgage. Making extra payments on your mortgage can have a huge impact on the total you end up paying out over the course of the loan. It can also shorten the amount of time you’ll be saddled with payments and can have you owning your house free and clear sooner than you expected.
2016 saw near record low interest rates on mortgages, and while they’ve slowly crept up towards the end of the year (current rates are around 4%) they’re still HALF of the average interest rates over the past 40 years (which averaged at 8.45%). If you haven’t refinanced your mortgage recently, NOW is the time to do it.
Review and Renew Your Homeowners Insurance
A lot of homeowners roll over their insurance year to year, but if you haven’t reviewed your policy in a while, you might be missing out on some money-saving opportunities.
Declutter, Declutter, Declutter
While spring is traditionally the time for organizing, there’s no better time for a fresh start – and a more organized home – than when the year has just begun. Plan a day to go through all your stuff. Get rid of all things you don’t really use anymore.