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Mortgage prepayment penalty: What you need to know

Mortgage lenders make money primarily through interest payments, which means many loans come with a mortgage prepayment penalty. And while not impossible to prepay your mortgage, it’s important to understand prepayment penalties and how they work.  How penalties vary by lender Some lenders charge prepayment penalties for paying out the ...

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How Long Does It Take to Sell a California Luxury Residence?

Ultimately, the California luxury home selling journey varies from individual to individual. In some cases, a California luxury home seller may generate significant interest in his or her residence and sell it in a matter of days. Or, in other instances, a seller may require many weeks or months to ...

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Factors that Impact the Cost of Home Insurance

Photo by Designer491 via Shutterstock If you’re new to homeownership, one of your first expenses is homeowner’s insurance. Not to be confused with mortgage insurance, your homeowner policy protects you in the event of a catastrophe. Factors that Impact the Cost of Home Insurance The cost of your home is ...

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What Type of Flooring is Best for Pets?

Photo by Zen Chung from Pexels When you have pets and are building a new home, you might want to take that into consideration when you choose the type of flooring for your home. All pets leave pet hair, scratches, dander and have accidents in the house. Some flooring types ...

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