Allison’s Story: No Such Thing as Over-Prepared
Meet Allison, a Data Analyst who lives in Winooski, Vermont with her three roommates. What do you do? I am the Manager of Data Analytics for a home health and hospice agency. I’ve been here for a year and a half, and really love my job. I have a lot of autonomy, and I get…Read More
What is private mortgage insurance?
If you get a conventional loan and make a down payment of less than 20 percent of the home price, you are required to purchase private mortgage insurance (PMI). PMI protects the lender (not you) in case you fail to make your mortgage payments. Banks, savings associations, credit unions, and mortgage companies make conventional loans…Read More
Should I Rent or Buy a Home?
Renting versus owning – how to determine which is right for you Choosing whether to own or rent a home is a big decision. The “right” answer for you will be deeply personal, based on a few key considerations that we will explore below. 1. Examine your personal values A good place to start is…Read More
What Does It Mean to Refinance a Mortgage?
Let’s start with the basics. Refinancing simply means that you’re replacing your existing loan with a new mortgage. Reasons for Refinancing a Mortgage If you’re considering refinancing, your reasons may include: A lower interest rate Shorter (or longer) term to pay off the loan or cash out equity Changing the type of mortgage (you may…Read More
2018: Thank you for a wonderful year!
Happy holidays from all of us at SaverLife! 2018 has been a big year for us. We’ve been busy creating new ways to reward you for saving and learning more about what actually helps people save. Here are just a few highlights from 2018: You won prizes for saving every week In 2018, we launched…Read More
Buying a house seems unattainable for me. What can I do?
“Thanks you for your blog and articles to educate oneself. I hear a lots about affordable housing, which concerns me because the prices on these houses are still not attainable for people like me. I want to buy a home with the Habitat for Humanity program. Can you give insight on what it takes to…Read More
How to Get the Best Rate on a Loan
If you need money for the short or long term, it’s important to remember that not all loans are created equal – and the price you pay for that money (in fees and interest) may vary dramatically. What do you need? Before shopping around for loans, you should know how much money you’re looking to…Read More
What Is a Mortgage?
A mortgage is a loan to purchase a home or land. When you begin planning to buy a home, shopping for mortgages is one of the steps you can take to find out how much you can afford. Mortgages are offered by banks or credit unions and the loan is secured (guaranteed) by the property you purchase.…Read More