Cove Real Estate



Posted by Cove Real Estate on 8/15/2014

It is summer and for many that means it is time for a little rest and relaxation. Summer is prime time for a vacation. Today's economy doesn't always allow for long trips away from home but with a little creativity you can have an at-home getaway that is just as fun and cost-conscious. Here are some tips for planning a staycation: Plan You will need to plan and budget for your staycation just like any other vacation. Take the time to research events, activities and places to visit. Make a list of activities, make any reservations, purchase tickets and plan for any advance activities. Take a Vacation Just because you are close to home doesn't mean you are not on vacation.  Don't use your time off to do work, chores or errands remember you are on vacation.  Make sure to look at the places you visit like a tourist. View your city like a visitor, take photos, visit local attractions, museums, new restaurants, people watch and take in the architecture. Stay Overnight To make it feel more like you are on vacation you may decide to check in to a hotel for a night or two. Try booking a weeknight for a less expensive rate. Finding a hotel room that works within your budget may be just the thing to give your staycation that extra special feel.





Posted by Cove Real Estate on 7/18/2014

Getting approved for a loan isn't always a good thing. You have to make sure you are a good borrower. What makes a bad borrower? There are several types of loans you should avoid if you don't want to overextend yourself and potentially damage your credit rating. Payday loans Interest rates on pay day loans often run high into the triple digits.  They are designed to be extremely short-term. Pay day loans often put borrowers in a cycle of debt that can be difficult to break because borrower usually can't pay off the original loans and keep returning to the service. Car title loans Borrowing against an asset is usually never a good idea. Most car title loans charge interest with an annual percentage rate of well over a 100 percent and they are generally due within one month. If the borrower can't pay back the loan, the lender will take your car and sell it. Tax refund anticipation loans Another loan with an extremely high interest rate is a tax refund anticipation loan. If you need more money you can change the amount that's withheld from your paycheck. That way you give yourself a raise and the government takes only the amount that's owed. Co-signing a loan Co-signing a loan for someone else has you taking on all of the responsibility of another financial obligation with none of the benefits. Too often co-signers find themselves left with the loan long after the other person on the loan has stopped paying. It usually never makes sense to take on someone else's debt.  




Categories: Money Saving Tips  


Posted by Cove Real Estate on 6/27/2014

Did you know your credit score is always changing? Your credit score could be one number on one day and a different figure the next and even vary from one credit reporting agency to the next. Your credit score also known as your FICO score is based on the information contained in your credit record. Since your credit file is always changing so is your score. Your credit record changes every time a company you have credit with reports an on-time payment — or more important, a missed payment that's now more than 30 days late. Your score changes each time your credit card balance changes or you apply for new credit. There are three main credit reporting agencies; Experian, TransUnion and Equifax. Another factor that could affect your score is that not all lenders report to all agencies. To know your credit score you can pull a free credit report from all three agencies once a year. Look for missing or incorrect information. It is important to get that resolved as soon a possible. Click here for more information on obtaining a free credit report.





Posted by Cove Real Estate on 5/9/2014

If you are thinking about buying a new home you are probably hoping to get the best value for your money on a house, but what about your home loan? The rate and terms of your mortgage can have a big impact on your wallet. This is why it is so important to shop for just the right home loan. There are two main factors to consider when shopping for a loan: the type of loan and the terms of the loan. Do your homework before looking at home loans. Even one half of a percentage point makes a big difference over the full term of the loan. A 30 year loan of $200,000 at a 5% fixed-rate, will cost you about $22,000 more in interest than if the interest rate was set at 4.5%. Other things to look at when shopping for a home loan are closing costs. Mortgage companies charge additional fees such as origination fees, title charges, appraisals and even credit checks. Make sure to consider these additional expenses when shopping for a home loan. You can also save money by not maxing out your budget. Just because you are pre-qualified for a loan doesn't mean you should spend the maximum loan amount on a home. Don't allow your total house payment (principal, interest, taxes and insurance) to exceed 28% of your gross monthly income.





Posted by Cove Real Estate on 3/7/2014

Did you know that sealing and insulating your home is one of the most cost-effective ways to make a home more comfortable and energy efficient? It is a project that is also easily done yourself. The heating and cooling of your home accounts for about 50 percent to 70 percent of the energy used. So unless your home was built as an energy-efficient home, adding insulation will probably reduce your utility bills. Even a small amount of insulation-if properly installed-can reduce energy costs dramatically. Energy Star has created a comprehensive do-it-yourself guide to sealing and insulating your home. The guide provides step by step instructions and photos to: 1.Learn how to find and seal hidden attic and basement air leaks 2.Determine if your attic insulation is adequate, and learn how to add more 3.Make sure your improvements are done safely 4.Reduce energy bills and help protect the environment Click here to download the guide. Make sure to check your state and local codes before starting any project and follow all safety precautions.




Tags: energy efficient  
Categories: Money Saving Tips