Electrical Safety

Electricity is an essential part of our lives. However, it has the potential to cause great harm. Electrical systems will function almost indefinitely, if properly installed and not overloaded or physically abused. Electrical fires in our homes claim the lives of 485 Americans each year and injure 2,305 more. Some of these fires are caused…

Protect Your Property From Water Damage

Water may be essential to life, but, as a destructive force, water can diminish the value of your home or building. Homes, as well as commercial buildings, can suffer water damage that results in increased maintenance costs, a decrease in the value of the property, lowered productivity, and potential liability associated with a decline in…

USDA Loans

USDA loans are housing loans that are backed through the Rural Housing Division of the U.S. Department of Agriculture (USDA). Purpose In the wake of the mortgage crisis in 2008 and 2009, lenders have become more cautious, so it’s harder for home buyers, especially first-timers, to secure financing, especially those with low incomes or little money for a down payment.…

VA Loan Basics

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). Like FHA loans, VA loans are backed by the federal government in order to protect lenders against default, an assurance that removes barriers to home buying for prospective homeowners when they attempt to get a mortgage. This loan guarantee has its…

Settlement Information

You’ve decided to buy a new home — congratulations! This article will help you take this big financial step by describing the home-buying, home-financing, and settlement process. Lenders and mortgage brokers are required by federal law under the Real Estate Settlement Procedures Act (“RESPA”) to give you this information. You should receive it when applying…