Homeowners

Have you ever stopped to think about how much wealth you’ve built up just from being a homeowner? As home values rise, so does your net worth. And, if you’ve been in your house for a few years (or longer), there’s a good chance you’re sitting on a pile of equity — maybe even more than you realize.What Is Home Equity?Home equity is the difference between what your house is worth and what you owe...

Let’s face it – life can throw some curveballs. Whether it’s a job loss, unexpected bills, or a natural disaster, financial struggles can happen to anyone. But here’s the good news. If you’re a homeowner feeling the squeeze, there’s a lifeline that many people don’t realize is still available: mortgage forbearance.What Is Mortgage Forbearance?As Bankrate explains:“Mortgage forbearance...

Understanding Private Mortgage Insurance (PMI)Private Mortgage Insurance (PMI) is an additional cost that applies to homebuyers who make a down payment of less than 20% on their home. It's essentially insurance for the lender, protecting them if you default on the loan, but the premiums are paid by you, the homeowner.What is PMI?Freddie Mac defines PMI as: “An insurance policy that...

Home Remodeling: How to Find and Hire the Right ContractorEmbarking on a home remodeling project can be both exciting and daunting. Whether you’re planning a simple refresh or a major overhaul, hiring the right contractor is crucial to ensuring a successful outcome. Here’s a guide to help homeowners navigate this process effectively.Start with a Clear PlanBefore reaching out to contractors, define the...

If you’ve purchased a home you may be familiar with the benefits of title insurance. However, if this is your first home, you may wonder, “Why do I need yet another insurance policy?” While a number of issues can be raised by that question, we will start with a general answer.The purchase of a home is one of the most expensive and important purchases you will ever make. You and your mortgage lender...

Low Las Vegas property taxes are one of the main reasons Las Vegas investment properties are so attractive. As a general rule of thumb annual estimated property taxes can be calculated at roughly .5%-.75% of the purchase price.For example, a property purchased for $400k would have annual property taxes of around $2,000 annually.This public search page can be used to determine current property taxes for any...