Wow, I cannot believe that 2011 is almost over. In a few short months, one of our ultimate family goals will be accomplished! Our home will be ours free and clear, our mortgage will be paid off. Hallelujah! That is definitely a part of 2012 and I am looking forward to.
But not so fast, since the mortgage will soon be history, we are looking into some major home repair. Isn’t it funny, our kids are getting older and now we can finally start to afford to add on and spruce up, but were not sure we need to, if the kids won’t be around much. Dragging my feet a bit on having to make a new payment. But, if we don’t fix that roof, we will be living in the garage and I know I don’t want that.
Alas, I have to dive in and start some research on how to finance these major repairs. A new roof and a coal burner added to our existing heating system are the top priorities. We are planning ahead so we can be prepared and figure out the best ways to save money in the process.
Mortgage and home equity loans come in a wide variety of shapes and sizes. Interest rates, loan terms, length of loan all are contributing factors to the costs and considerations. There is so much to weed through on the internet. I started out looking around at the FTC website and found a lot of useful resource articles, that I bookmarked and started reading.
Our original mortgage lender was a local national bank, that has since combined with another bank, so I want to explore all the options out there in choosing a new institution to work with. A few of the sites I have checked out so far include PSECU, ING and Aurora loans. All of these sites offer online options in application, payment and more. User friendly online sites are important to me.
How about you? Have you used an online site for mortgage or home equity loans? Let me know if you have any good tips!
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