Common Mistakes Homeowners Look To Correct
Homeowners
Purchasing a house is a significant financial accomplishment. Congratulations on reaching this point in your life! It's critical not to make any mistakes that might jeopardize all of your hard work.
Fortunately, you can learn from the errors of others, so you don't have to go through it alone. Here are some of the most prevalent ways that homeowners unintentionally limit their options and end up with a financial catastrophe.
1. Cancel Unwanted Subscriptions
As a homeowner, you're faced with more bills than ever before, and this makes it easy for overlooked subscriptions to go undetected. Every month, companies take money from your bank account or charge your credit card without your knowledge.
Truebill can assist you with canceling subscriptions and reducing bills. The best part is that you won't have to talk to anybody. Their experienced negotiators can contact your cable or phone company on your behalf to help lower your expenses. They'll also assist you in terminating unwanted memberships and returning the money into your bank account where it belongs.
2. Not Protecting Your Identity
Identity theft can have a significant impact on your life. Someone could steal your money, your credit rating may plummet by hundreds of points, and worst of all, you might be held responsible for any damages incurred. It's pretty terrible.
Identity Guard can help safeguard your money if your personal information is stolen online. They keep you up to date 24 hours a day, seven days a week, monitoring silently in the background as you go about your day with total tranquility of mind. Then, using cutting-edge artificial intelligence technology, they'll notify you if potentially risky behavior is detected, allowing you to take precautions to protect your money.
Your money, identity, and credit score are kept safe and secure with Identity Guard. For as little as $6.67 per month, you may get access to real-time tracking and $1 million in identity theft insurance.
3. Leave your family up to $1,500,000 (starting at just $10/month)
If you're young and healthy, term life insurance probably never crossed your mind. However, if you're old or ill, it's time to start thinking about it. Life insurance companies take a variety of factors into account to calculate the premium rate. The lower the rate is, generally speaking, the younger and healthier you are.
At just $10/month, Term Life Insurance from Bestow can help you obtain term life insurance policies with up to $1.5 million in coverage. In addition, you can apply online and get a response in only five minutes. The good news is that you might not have to go through a medical examination at all.
4. Mortgage Payment
Find out who can help you refinance your mortgage by viewing the lowest rates here. This means you may save money on interest, lower your monthly mortgage payments, build equity in your house faster, and even receive a large amount of money in your bank account, all while spending less.
You might be able to get a large sum of money by refinancing. You could even take advantage of a cash-out option for a massive payday if you refinance. The funds may help you eliminate your high-interest debt for good. Alternatively, you may take advantage of the potentially lucrative investment opportunity that comes with having the cash available. There are limitless possibilities, but it would be insane not to investigate how much money you might save by refinancing your mortgage.
5. Not Doing Home Improvement Projects
It's time to reconsider your attitude when it comes to house improvements, especially if they have the potential to increase the value of your home.
Given current interest rates, taking out a personal loan to finance your project may be a wise financial decision. In addition, you could be matched with loan providers in only 2 minutes, thanks to AmOne.
6. Making Interest Payments
0% intro APR credit cards, such as the Citi Simplicity Card or Discover it, can help you finance a large purchase without paying any interest for some time. Just be sure you're able to pay off your balance before the introductory period ends if you don't want to accrue interest.
If you have a credit score of 700 or more, we've got a fantastic 0% APR offer for you. The American Express Blue Cash Everyday® Card has an introductory period of 15 months with no interest cost. After the introductory period, the interest rate rises from 13.99% to 23.99%.
You'll also get a $200 statement credit after spending $2,000 in the first six months, as well as 3% cashback on U.S. supermarkets (up to $6,000 per year after that 1%). When you add everything up, this can result in significant statement credits while you’re saving money on interest! Terms and Conditions apply.
7. Overpaying on Car Insurance
You've come to the right place if you're looking for some assistance. You may be wasting $500 a year on excessive-cost, low-quality vehicle insurance. And it's probably time to terminate your present insurance policy since there is now something superior available. FinanceBuzz developed a new tool that can save drivers around $500 per year on average when used correctly.
And it's also completely free. You don't have to be a math genius to understand how saving $500 is significant money. Simply fill out this form and respond to a few questions to see whether you're paying too much by entering your zip code here. It just takes about two minutes to complete.
8. Forgetting a Home Warranty
Could you pay for a $5,000 home repair bill today? Most of us can't, but that may be your cost if an appliance fails and you are not covered. Your refrigerator, air conditioning, and washer/dryer aren't insured by homeowners insurance, but a solution is available.
If something goes wrong with your home's appliances or systems, In-Home Warranty can help you protect your wallet from pricey repairs by insuring them. Your HVAC system, plumbing, and oven are all covered, and if they break down, your costs may be as little as $0. That's right: you could ultimately end up paying nothing.
Plans start at $1 a day, and their vast network of repair experts is accessible 24 hours a day, seven days a week, 365 days a year, so you'll never have to wait too long for repairs to be completed. Get a free quote now to find out whether it's appropriate for you!
Share this article
