If you have a loan of any type, whether that's a home loan or a car loan, then you've probably heard a thing or two about refinancing a home mortgage. Knowing what refinancing is and how it can benefit you is an important part of budgeting. After you've owned your home for a while and have built up equity in the property, you may be able to take advantage of a refi. Before you get started with the refi process, you should understand what it is and what it entails. Here's what you need to know.
For informational purposes only. Always consult with a licensed mortgage professional before proceeding with any real estate transaction.
What Is Refinancing?
Refinancing is what happens when a homeowner uses a new loan to pay off their old home loan,
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Flea markets are always going to be a time investment for shoppers, but those who go already know the time they invest is half the fun. It's the thrill of the hunt that makes shopping at the markets so rewarding, especially when shoppers end up finding exactly what they're looking for. Those searching for the best flea markets in Durango, Colorado should make it a point to add these favorites to their list.
When sellers are assessing their properties for sale, they may wonder what they need to disclose to the buyers. From flooding to mold, all homes hide their fair share of secrets, and sellers may not always be eager to confess it all. However, trying to hide the uglier parts of the structure can end up being a legal mistake that can cost a seller dearly. Learn more about the rules of disclosure, and why sellers are encouraged to tell it like it is.
At the start of the fall, Durango, Colorado comes alive with fun events to attend in September. These events give everyone in the community reason to come together and have a lot of fun. With so many options to consider, it can be difficult to know which ones to choose. To help out, residents and tourists are welcome to use this guide about the best September events in Durango CO.
Septic tanks are a solution for those homes not hooked up to a municipal waste system and a surprisingly common feature found in urban, suburban and rural homes. With almost 20 percent of homeowners having a septic tank serving their home, people are not as wary of septic tanks as one may think. Homeowners, rather than the town or city government, is responsible for managing a septic tank. A benefit of having a septic tank is that an owner does not need to pay municipal sewer fees. Learn more about what to expect when buying a home, especially in a tight housing market, with a septic tank.
Sometimes it just makes sense to take a day off from the chaos of everyday life and escape for a while. The spas in Durango, Colorado offer a picturesque outdoor setting of course, but it's the services that are sure to put every client in a better mood. The money and time spent at a spa will last for far longer than the length of the service. Visitors may find they're able to handle stress better days or even weeks after they really take some time to themselves. Here are just a few locations that fit the bill.
For most people, completing the home buying process will involve getting an appraisal for the property they want to buy. This is a common way for the buyer and the lender to determine if the home is priced appropriately for its value. Like many aspects of home buying, the appraisal has a lot of individual factors that can affect the final result. Here's what buyers need to know about appraisals, so they can better prepare for this step.
As summer winds down, the city of Durango heats up for one final hurrah in August with an array of fun and unique festivities ranging from family friendly to adults only. Here are three top Durango, CO events to wrap up the season with before the cooler weather arrives.
Imagine if a prospective buyer could walk through your house, without having to travel to get there. Imagine if you could show your home without having to clean it each time and disrupt your family's schedule? Imagine if more people could see your home, in detail, even if they lived out of the state or the country? These are just some of the benefits virtual reality can bring to the sale of your home, especially in a buyers market.
Retail therapy has long been known to cure the ailments of the heart and soul. From residents who are looking to spend a day shopping in their hometown to visitors who are searching for the perfect souvenir to remember their trip by, there's always someone who is looking to spend a bit of money on something fun in Durango.