Watch Out for Low Mortgage Rates You Have to Pay For

Mortgage rates keep on marching lower and lower, with new records broken seemingly every week. But with all the fervor surrounding mortgage rates, some lenders are playing the “how low can we appear to go” game. For example, mortgage lenders may be talking about their lowest rates (with multiple points required), as opposed to offering [&hellip

The post Watch Out for Low Mortgage Rates You Have to Pay For first appeared on The Truth About Mortgage.

Why Are Mortgage Rates Different?

Mortgage rate Q&A: “Why are mortgage rates different?” Why is the sky blue? Why are clouds white? Why won’t your neighbor trim their tree branches? These are all good questions, and ones that often puzzle even the most savvy of human beings. First things first, take a look at how mortgage rates are determined to [&hellip

The post Why Are Mortgage Rates Different? first appeared on The Truth About Mortgage.

Why Adjustable-Rate Mortgages Are Bad News Right Now

With mortgage interest rates as low as they are at the moment, you may be looking beyond fixed-rate options if you’re in the market to purchase a home or refinance an existing home loan. After all, while 30-year fixed mortgage rates are hovering around 2.75%, some adjustable-rate mortgages are in the very low 2% range. [&hellip

The post Why Adjustable-Rate Mortgages Are Bad News Right Now first appeared on The Truth About Mortgage.

An Alternative to Paying Mortgage Points

If and when you take out a mortgage, you’ll be faced with an important choice. To pay or not pay mortgage points. In short, those who pay points should hypothetically secure a lower interest rate than those who do not pay points, all else being equal. That’s because mortgage points, at least the ones that [&hellip

The post An Alternative to Paying Mortgage Points first appeared on The Truth About Mortgage.

What’s the Best Mortgage for First Time Buyers?

If you’re new to real estate, or preparing to make an offer on your first home, you might be wondering what mortgage is best for a novice home buyer. While both seasoned homeowners and first-time buyers may wind up with the same exact home loan, there are additional options to consider if you’ve never bought [&hellip

The post What’s the Best Mortgage for First Time Buyers? first appeared on The Truth About Mortgage.

7 Tricks to Cut Down Your Electricity Bill

Tip 1: Pull the Plug on Appliances

Even when you’re not using appliances, they still continue to use energy. So pull the plug when you’re done with the blender, toaster, food processor, and even your television—everything except appliances that need constant power to preserve a special setting.

Tip 2: Insulate Your Outlets

Did you know that you could be losing warm (or cold) air through your electrical outlets? We placed some fireproof foam insulation under our outlet covers and switch plates, and were able to save several dollars a month on our utility bill.

Tip 3: Turn off Unused Electronics

One of the easiest ways to save money on electricity is to turn off electronics when you’re not using them. To make it easier, get a power strip like the SmartStrip, which powers down devices based on the device’s usage. For example, when you switch off your computer, the SmartStrip will cut the power to your monitor, printer, and scanner as well.

Tip 4: Use Lighter Paint

If you’re trying to decide between deep or baby blue for your walls, you should know that lighter colors of paint well help you use less energy, as they reflect the light and heat in a room better than darker hues.

Tip 5: Be a Night Owl

You may not realize that most electric companies charge more for power during the day than at night. Contact your local utility to find out whether this is the case in your area. If it is, make sure to do all your laundry, dishwashing, internet surfing, and other power-intensive tasks during off-peak hours. We noticed the difference on our electric bill, and you will, too.

Tip 6: Use Jars for Heaters

Here’s a neat trick for keeping your house warm without spending a cent in the fall and spring: Pour water into mason jars or glasses (we use cleaned-out salsa jars with their labels removed), and line them up along your windowsill. During the day, the sun will warm the water, which will gently warm any air getting through your window at night. To make the jars even more decorative, add ribbons and bows, or add food coloring to the water for some pretty windowsill reflections.

Tip 7: Watch Out for Cordless Phones

Especially if it’s an older model, your cordless phone can use a lot of electricity. Keep your energy bills down by making sure you dim the lights on the display (if possible), and by not cranking up the volume, which can force the phone’s amplifier to work twice as hard.

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Cool Tips to Save Money on Utility Bills

http://www.shutterstock.com/pic.mhtml?id=317891591& data-cke-saved-src=lb-12645926 src=lb-12645926Bruce Lubin is the co-author of the best-selling Who Knew? series of household hints books, with his wife Jeanne. They’ve written more than a dozen books that have sold more than 5 million copies.

You may have seen Bruce sharing his clever and money-saving tips on national TV, like the Today Show and the Hallmark Channel. Now, Bruce and Jeanne are also hosting a brand new podcast on the Quick and Dirty Tips network, which goes by the same name—Who Knew?. 

Free Resource: Laura's Recommended Tools—use them to earn more, save more, and accomplish more with your money!

Some of the cool tips Bruce and I talk about in this interview include:

  • Knowing which appliances cost you the most and how to use less energy 
  • A clever tip to cut the time it takes to dry your clothes by 25%
  • How to hack your water bills
  • Tips to cut back your air conditioning usage but still stay cool
  • How to keep your kitchen from overheating during the summer
  • Ways to get your entire family on board to save energy—especially teenagers

See also: How to Save Money on Your Electricity Bill

Cool Tips to Save Money on Utility Bills

No matter if you own a large house or rent a cozy apartment, this interview will help you cut the cost of energy and water and save money on your utility bills. Here are a few great tips from our interview:

With today’s high efficiency dishwashers and washing machines, the expense is really heating the water. So wash everything as cold as you can. 

Q: What are the appliances that suck the most energy? What are some tips to use less energy with them?


Bruce: Dishwashers, but it’s really the dry cycle, which uses steam. De-select the Dry Cycle, or, if you have an older dishwasher, just open the door at the beginning of the dry cycle.

Dryers too—use a large towel to reduce drying time. Check your dryer’s screen: the lint from the screen in your dryer may not be enough to make sure it is running as efficiently as possible. The fabric softener used in dryer sheets can get caught in the mesh, even if you can’t see it. To be sure you’re completely cleaning the screen, remove it and clean it with warm, soapy water and a brush. Leave it out to dry completely before placing back in your dryer.

Q: What about saving water?

Bruce: Back to dishwashers—you should actually wash pots and pans by hand (usually)—you save up so much room and you don’t have to do Pots ‘n’ Pans mode.

With today’s high efficiency dishwashers and washing machines, the expense is really heating the water. So wash everything as cold as you can. You also may want to lower the temp you keep your hot water heater at. We recommend 120º F, which is plenty hot, even though many water heaters come set at 140º.

Other than that, low-flow showerheads and other faucets are a must! Definitely worth the price. Just ask at the hardware store.

Q: What about teenagers taking long showers? 

Bruce: Give teens an incentive to take shorter showers—5 minutes added to their curfew for every 1 minute they shave of their shower time. (Or 5 minutes more of time with their phone at the end of the night, etc.)

Q: What about tips for saving money on air conditioning?

Bruce: Keep blinds closed during the day – people probably know that! But also, close all closet doors, and seal off rooms you aren’t using. Use duct tape if your vents don’t close. And, make sure your windows and doors seal properly—that can save you big.

Q: Any other tips for saving energy?

Bruce: Believe it or not, MOST electric companies charge you more for electricity during peak times, which are usually between 4 and 8pm. Google the name of your electric company and “peak pricing” to see if yours does. If possible, keep your AC off during these times, and do more laundry and other electricity-intensive tasks during non-peak times.   

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21 Mortgage Questions You Should Know the Answer To

I thought it would be helpful to create a post that answers a lot of top “mortgage questions” that consumers tend to ask in one convenient place. You should know the answers to all of these questions if you’re serious about getting a mortgage and ready to buy a home. Additionally, you might be better [&hellip

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USA Mortgage Review: #1 Mortgage Lender in Missouri?

If you live in the USA and need a mortgage, perhaps you’ve thought about applying at “USA Mortgage.” Makes sense, right? It just so happens that USA Mortgage is located right smack in the middle of our fine country, in St. Louis, Missouri to be exact. Well, that’s pretty darn close to the midpoint… Anyway, [&hellip

The post USA Mortgage Review: #1 Mortgage Lender in Missouri? first appeared on The Truth About Mortgage.