DEAR BENNY: I want to get the PMI off my mortgage in February of next year, which will be two years from the time of my refinancing. All my payments have been on time. I have communicated with my current mortgage company that I wish to have the PMI canceled and they informed me in writing that I have to wait for two years and that I have to get an appraisal (which I have to pay for) in order to make sure I will have 20 percent equity of the new appraised value.
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell this week near record lows, providing more incentive for Americans to buy homes and refinance.
SAN DIEGO (AP) - California home prices posted a ninth straight annual increase in November as buyers competed for a limited number of available properties, a research firm reported Thursday.
Remodeling and refreshing the home is a great way to keep cabin fever at bay during long winter months. Designing a bathroom remodel to incorporate innovative style, comfort and efficiency helps to speed the winter months along, and your family will certainly enjoy the rest of the season with a beautiful new bathroom.
Despite its negative reputation, the number 13 doesn't always have to be unlucky. Take these top 10 decor trends for 2013 from design experts, manufacturers and trend forecasters across the country. They're fresh, fun and sure to bring good fortune to any home.
As cooler temperatures approach, more homeowners are turning to value-driven renovation projects that will warm up their space and withstand the test of time.
If you're tired of looking at your outdated kitchen, but feel replacement would be impractical, you're not alone. In 2013, consumers will be trying to find the beauty in the beast. Projects that help the old look new will be the next big makeover trend - especially in the kitchen where remodeling becomes more pricey.
LOS ANGELES (AP) - Sales of U.S. homes facing foreclosure are on the rise and outpacing sales of bank-owned homes, a reflection of stepped up efforts this year by lenders to avoid foreclosing on homes with mortgages gone unpaid.
WASHINGTON (AP) - A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market.
DEAR BENNY: My sisters and I "own" some Tennessee properties inherited from my late father, who died in 1984. In his will, he wanted to provide for his current wife ("B"), so she was given a "life estate" for her use of both properties during her lifetime. My sisters and I are the owners on the deeds. One of the properties is a residence, and the other is an income-producing commercial property.
ROANOKE, Va. (AP) - The premiere of "Salvage Dawgs" opens with Mike Whiteside, 56, rolling up Roanoke's Memorial Avenue and into the parking lot of Black Dog Salvage with a giant, rusty rocket strapped to the top of his red Chevy pickup truck.
It's a design opportunity that's easily missed: Even the most stylishly decorated rooms often have bland wooden doors with cheap hardware.
Spanish explorer Ponce de Leon spent many years and covered many miles searching for the fabled "fountain of youth." Fortunately, you don't have to go to those lengths to find a special fountain that will transform your backyard into a private oasis. You only need to make a trip to the local garden store.
Slim is "in" ... and not just for people watching their weight. Flat screen TVs and the wall mounts that turn the TVs into decorator showpieces seem to grow sleeker and slimmer every year. And when it comes to viewing technology, thinner not only looks better, it has practical advantages, too.
WASHINGTON (AP) - U.S. sales of new homes fell slightly in October and September sales were slower than initially thought. The October sales pace was dragged lower by steep declines on the East Coast, partly related to Superstorm Sandy.
The kitchen is the focal point of any home. It's a place where you eat, congregate and celebrate life's big moments. If you are an empty-nester looking for the kitchen of your dreams, a parent seeking to match your kitchen to your growing family or you simply feel inspired to change things for the better, it's time to stop dreaming and start planning.
When considering a home renovation, think outside the box for design inspiration and setting the overall tone.
When you think of the holidays, celebrations, presents and friends likely come to mind - not crime. Unfortunately, burglaries increase at this time of year, and your home could be a target. With a few simple safety precautions, you can protect your property, your family and your valuables now and well into the new year.
Bargain hunting is practically a sport, especially during the holiday shopping season. Deloitte's 2014 annual holiday survey predicts the average American will drop nearly $1,300 this holiday season. With that level of spending in mind, planning to save real money elsewhere is crucial to managing a household's bottom line.
Your porch should be a warm, welcoming outdoor living space that offers comfort and helps make a house a home. Whether you want to remodel your porch from the ground up, or just give it a refreshing new look and feel, it's easier than you think to create a perfect porch.
Are you looking for ways to update your home this new year? With so many fresh interior ideas available, it can be difficult to balance current design trends with classic styles for a look that is both of-the-moment and everlasting. Follow these guidelines to find a way to blend now and forever for a look you will love today and tomorrow.
WASHINGTON (AP) - Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year.
WASHINGTON (AP) - Construction of new homes fell slightly in November, reflecting weakness in construction of single-family homes.
Most first-time buyers can come up with the income to comfortably cover a monthly house payment but often lack the money needed up front.
WASHINGTON (AP) - Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say.
One of the best ways to kick off the holiday season is to decorate. And while it's easy to load your cart with beautiful decor from your favorite store, Christmas is more personal when decorations are homemade.
Game night, girls' night or family reunion – your home serves as the backdrop for many occasions. Preparing your space for friends and family can feel like a heavy undertaking, but with a few simple entertaining tips, hosts can wave goodbye to anxieties.
Have you ever admired a coffee table cleverly fabricated using a discarded door sitting on a frame? Or been surprised by the sight of an old refrigerator reborn as a bookshelf or TV cabinet? Even bathroom fixtures have been known to draw notice (and a snicker or two) when repurposed as garden containers.
WASHINGTON (AP) - Average U.S. long-term mortgage rates edged higher this week after four weeks of declines, but they remained at historically low levels that could entice potential homebuyers.
From painting supplies to gardening and hand tools, buying well-made home improvement tools can help improve project results. The tools you use may be an investment, so you'll want to take care of them to ensure they last for more than just one project.