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Maintaining your home is a work in progress. Not caring for it properly may result in expensive home repairs down the line that could have been avoided with a little prevention. The good news is that by exercising some routine maintenance, you can keep your home running efficiently, which may save you significant money in repairs down the line.


Roof and Gutters … Check!

Check your roof and around your vents, skylights and chimney for leaks. Cracked or missing shingles may indicate your roof needs fixing or replacing. Ignoring leaks may compromise your home’s drywall and insulation, possibly leading to rot and interior water damage.

Keeping debris out of your gutters is necessary for an effective drainage system when it rains. With clogged gutters, there is a risk for water to seep under your roofing and through your ceilings, siding and walls for lots of potential damage.

Fight the Termites

Termites love wood – and most homes have lots of it. So how can you avoid these pests that can cause sizable damage to your home? The answer is to stay vigilant with regular inspections by a reliable pest control company. Also, limit the presence of wood near the ground, which provides easy access for termites. And since termites flourish with water, be sure to fix leaky pipes and avoid excessive moisture buildup.

Don’t Let Mold Take Hold

Mold can thrive in your home where there is too much humidity or moisture. Once mold spores are released into the air, there is the possibility of allergic reactions and other health concerns. Act preventatively by using air conditioners, dehumidifiers and exhaust fans. Also, choose household cleaners with mold-killing ingredients like bleach. Try paints and primers that contain mold inhibitors and avoid placing carpet in areas susceptible to water such as basements and bathrooms.

Care for Your Air

When it comes to your HVAC (heating, ventilation and air conditioning), proper maintenance, such as keeping the air filters clean, allows your system to keep working efficiently – and not harder. A routine inspection performed by an HVAC professional could diagnose future problems early, as well as keep the unit functioning optimally. 

Your Refrigerator Coils Call

Dirty coils cause a refrigerator to work a lot harder than it should have to — which could mean a higher electric bill. This common occurrence can be easily remedied by unplugging the appliance and cleaning the coils with a coil cleaning brush. You can also vacuum the coils using a nozzle attachment.

Getting It Done

Remember: an ounce of prevention goes a long way. If you’re handy, you could consider doing the repairs yourself to save money on labor costs. However, make sure you fully understand the task and the risks, including safety hazards. Plus, keep in mind the costs of having to re-do a job that gets botched. If you decide to move ahead and have somebody else do the repairs, it would be a good idea to consult a reliable licensed professional.

Speaking of reliable professionals, New American Funding is here to help you with your home funding needs. Ask us how you can tap into your home’s equity with a cash-out refinance to tackle some of your most pressing home improvement projects.


Read more at https://www.newamericanfunding.com/blog/5-home-repairs-to-make-now/#dHHo6FZS3oXThc6E.99


Mortgage Rates Maintaining Longer-Term Lows For Now

Posted To: Mortgage Rate Watch

Mortgage rates remained in line with 3-month lows today for the average lender. Several lenders offered marginally better terms compared to yesterday, but in those cases, the only changes were to the upfront costs associated with the same rates quoted yesterday. It's a pleasant surprise to see rates as low as they are considering several economic reports have been quite strong recently. In general, stronger economic data tends to put upward pressure on rates. That was a risk today with today's Existing Home Sales report coming in at the best levels since early 2018. But econ data isn't the only consideration for the bond market that underlies day-to-day rate movement. Low inflation, geopolitical tensions, and even concerns over the Coronavirus outbreak are just three of many other factors that...(read more)

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Existing Home Sales Highest in Nearly 2 Years

Posted To: MND NewsWire

Existing home sales rose convincingly in December, gaining 3.6 percent compared to sales the prior month. Sales of all existing home types , single-family, townhouses, condos, and cooperative apartments were higher than in November and all posted double digit increases from sales in December 2018. The National Association of Realtors® said home sales were at a seasonally adjusted annual rate of 5.54 million units in December compared to 5.35 million units in November. They were up 10.8 percent from the 5.00 million pace in December 2018. Single-family home sales were also solid, posting a gain of 2.7 percent to an annual rate of 4.92 million (compared to 4.79 million in November) and a 10.6 percent change from a year earlier. Condominium and co-op sales were recorded at a seasonally adjusted...(read more)

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