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How homeowners can reduce their monthly expenses
Home SECTION
How homeowners can reduce their monthly expenses aving money is a priority for many people. But reducing month- ly expenses is typically a bigger S not significant, shop around for an insurance company that can offer you the lower price you desire. Just found that even those packages come with some wiggle room. In their 2011 Annual Telecom Survey, concern for homeowners, especially be sure the company is accessible Consumer Reports found that new homeowners adjusting to life and reputable. one-third of survey participants with a mortgage, higher energy bills attempted to negotiate a lower than they likely had while renting REFINANCE YOUR MORTGAGE rate for their bundled services, and other costs associated with Refinancing your mortgage is and 90 percent of those efforts owning their own homes. another great way homeowners were successful. When negotiating,
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Home ownership is a dream for can save a substantial amount of discuss lower prices for bundling many people, but the realization of money. Even if you only recently as well as extending the package just how expensive owning a home purchased your home, your lender beyond the current expiration can be is often eye-opening once you might be willing to refinance your date. It never hurts to ask, and one get the keys and move in. Once the mortgage with a lower interest study has already shown that it initial sticker shock has worn off, rate. Depending on the amount of actually helps to ask. homeowners should know that the time and money left on your loan, cost of home ownership need not be reducing your interest rate by 2 GO GREEN so steep. In fact, there are several percent can save you a substantial Going green benefits the environways homeowners can cut costs amount of money on your monthly ment, and it’s almost certain to benewithout drastically changing their mortgage payment, which can add fit homeowners’ wallets. According to lifestyle. up to considerable savings on the the U.S. Environmental Protection total interest you will pay over the Agency, toilets account for more COMBINE YOUR INSURANCE COVERAGES life of the loan. If you think your water usage in the home than any
Many lenders mandate that borrowinterest rate is a tad too high, other appliance or fixture. But the ers carry homeowners insurance for consult your lender and discuss EPA also notes that a family of their homes. The cost of coverage refinancing at a lower rate. four can save thousands of dollars varies from company to company, by switching to a high-efficiency and one of the ways homeowners can BUNDLE YOUR SERVICES toilet over that toilet’s lifetime. And reduce the cost of their homeowners More and more consumers have deinstalling eco-friendly appliances insurance is to bundle their cided to bundle their Internet, phone or fixtures around your home might homeowners coverage with their and television packages. Consumer even make you eligible for certain auto insurance. Some companies Reports found that bundling just two tax breaks while also updating your provide discounted premiums as of those services instead of buying home, something that will make the high as 15 percent for policy holders them from separate providers can home more attractive to prospective who combine their homeowners and save consumers between 40 to 60 buyers when you sell down the road. auto insurance coverage. Speak with percent depending on where they There are many ways to make a your current provider to determine live. Rates for bundling packages home more environmentally friendly, if combining your coverage could often come with an expiration date, and nearly all of them can save you save you money. If the savings are but a Consumer Reports survey money over the long run. h 12 Neighborhood Publications To advertise, call 281-401-9143 or email: info@NeighborhoodPublications.net
