Connect with us

Home

Second mortgages: the pros and cons

Published

on

A second mortgage, also called a home equity loan, involves borrowing money against the portion of your home that you own. To put it simply, if you have a $350,000 mortgage on a home you bought for $400,000, you have $50,000 of equity and may be able to use some of it to consolidate debts or finance a project. Here are the pros and cons of doing so.

Pros
A common reason for taking out a second mortgage is to consolidate debts with a loan that has a lower interest rate, thus saving money in the long run. In addition, it offers flexible payment arrangements, as you can also negotiate for a longer or shorter amortization period, which is the length of time you have to repay the loan.

Cons
The interest rate will be higher than that of your first mortgage. In addition, you need to have enough equity to cover the entirety of the debts you mean to consolidate.

The most serious downside, however, is that paying off credit card debt with a second mortgage means transforming an unsecured debt into a secured debt by putting your home up as collateral. If you fail to make your payments, the bank may be entitled to foreclose on your home.

Before applying for a second mortgage, speak with your financial adviser. If you’re struggling financially, it may also be a good idea to seek debt counseling to assess whether a second mortgage is the best option.

Share the News:

Home

3 great reasons to dine locally

Published

on

Whether you opt for table service, takeout or delivery, ordering dishes from your neighborhood restaurant can be beneficial. Here are three reasons to enjoy your next meal from a local eatery.

1. To support your community
Small family-run restaurants rely on people like you to prosper. When you choose to order from the pizzeria around the corner, take your partner to the bistro down the road, or hire a local caterer for your next event, you help ensure the businesses in your neighborhood continue to thrive.

2. To give yourself a break

Restaurants can offer you a well-deserved break when you don’t know what to cook or simply want a night off from washing the dishes. The opportunity to sample various types of cuisine and witness the passion of local chefs can also rekindle your love of cooking and inspire you to make meals using seasonal ingredients.

3. To satisfy everyone at the table
Ordering from a restaurant is a simple way to guarantee the entire family gets to eat what they want. Even restaurants that specialize in a particular type of cuisine offer varied menus. There’s sure to be something for everyone.

With so many advantages, there’s no need to wait for the next special occasion to treat your family to a lively night out or a relaxing night in.

Share the News:
Continue Reading

Home

4 ways to be a good neighbor

Published

on

Whether you share a fence or a wall, it’s in your best interest to cultivate amicable relationships with your neighbors. Here are four ways to get you started.

1. Introduce yourself
Be sure to greet your neighbors the first time you cross paths. Tell them your name and wish them a good day. These simple pleasantries set the right tone and may eventually lead to longer exchanges.

2. Offer your help

It’s a simple phrase: “If you need anything, just let me know.” While they might never take you up on the offer, it’s comforting to know there are people around willing to lend a hand.

3. Be discreet
Chatting with your neighbors is fine, but be careful not to hover or overstep your welcome. You should also be considerate when it comes to hosting gatherings and playing music.

4. Show goodwill
If tension builds between you and a neighbor, try to resolve the issue with a calm discussion before you call your landlord or the police. This approach is more likely to gain their cooperation.

Keep in mind that a good relationship with a neighbor might one day become a genuine friendship.

Share the News:
Continue Reading

Home

Fall in love with the outdoors this autumn

Published

on

From the golden hue of cornfields to the vibrant red of forest foliage, there’s immense beauty to be found in the fall. Are you ready to make the most of the season? Lace-up your hiking boots, put on a comfy knit sweater and set out to explore the wilderness.

Breathe in the crisp air and admire the changing scenery as you stroll through local green spaces. Gather your thoughts alone or enjoy the company of family, friends, or a pet. If you’re feeling adventurous, there are landscapes to discover by bike, car, motorcycle, or horseback.

From vineyards and orchards to mountain trails and lakeside parks, there’s no shortage of breathtaking backdrops for outdoor activities. Remember to slow down and take your time. Pack a picnic, unwind with a novel, ease your mind with meditation or fill the pages of a sketchbook.

Whether you’re a novice or dedicated birdwatcher, be sure to also listen for the signature calls of geese and other migratory species. Watch as they soar far overhead by the hundreds — a hallmark of this transitional season.

By the time you settle in for the evening with a bowl of hearty root vegetable stew or a warm mug of cider, you’ll have no doubt that fall is a magical time of the year.

Share the News:
Continue Reading

Home

Unique finds from local artisans

Published

on

The next time you want to treat yourself or someone special, consider choosing an item made by a local artisan. Here are some tips to help you find original, hand-crafted products.

What to look for
Artisans work in a variety of different mediums including wood, glass, leather, ceramic, metal and textiles. The kinds of products that these materials become, however, is limited only by the artisan’s imagination. Here’s just a sample:

• Jewelry (bracelets, rings, pendants, and earrings)

• Clothes and accessories (hats, belts, handbags, and shawls)

• Decorative art (paintings, sculptures, candles, and mobiles)

• Homeware (furniture, quilts, ceramics, and cutlery)

Where to shop
Artisans tend to be resourceful individuals, and they have multiple ways of showcasing their products. Here are some places you can find their wares:

• Online. Most local artisans have an online shop you can order from. Alternatively, they may sell their products through a digital marketplace like Etsy.

• Consignment shops. These stores sell a variety of products made by local artisans, which means you can often find an interesting assortment of goods and specialty items.

• Craft fairs and markets. Events like these are a chance to meet local artisans in person and learn more about their trade.

So, why settle for mass-produced items when you can purchase one-of-a-kind products made with love? Shop for local artisanal goods today.

Share the News:
Continue Reading

Home

Are you uninsured or under-insured?

Published

on

Life comes at you fast. In your youth at the peak of your health, in middle age, at the height of responsibility, what if an accident or illness took you off the family map? We all know it can happen and few think it will.

As a matter of fact, about 40 percent of people have no life insurance at all. Of the people with life insurance, about half are under-insured.

But the cold fact remains: What happens to your family if you die? Will they be able to afford the house? How will their lifestyle change? Who will support the family? How will they support the family?

Life insurance answers many of those questions — and it answers them affordably.

The least expensive form of life insurance — term insurance — is very inexpensive. A healthy 30-year-old can get $250,000 of insurance for about $15 per month. The earlier you buy term insurance, the less expensive it is and many policies don’t even require a health check.

Many people have life coverage at work, but this should be reviewed because it may not be enough. Primary breadwinners should have coverage equal to six to 10 times their annual incomes. Term policies usually cover only your working life.

Whole life is another kind of life insurance. Unlike term policies, it covers you for life, as long as you make payments. It also has the benefit of building cash value. Although most experts say it shouldn’t be considered an investment, if you get a big policy at a young enough age, and keep it until retirement, you could have a nice nest egg to tap into at retirement. Whole life policies can also be cashed in by your Power of Attorney for some part of the face value if you enter a nursing home, for example. It could be considered a small inheritance. Whole life policies usually require a medical exam and are unlikely to cover smokers.

Many websites compare the costs of life insurance options.

Share the News:
Continue Reading

Home

Check your trees before severe fall and winter weather

Published

on

In July of this year, 19 people ended up in a hospital after a large tree fell onto a detached garage.

The group, celebrating a birthday party, had sought refuge in the garage when a storm blew up, according to Claims Journal.

The tree splintered the garage, trapping six inside. Firefighters were able to extract the trapped people within 45 minutes.

Nothing is more charming than a big tree shading a sunny yard. The problem is that even healthy trees fail and, just like power wires, they can come down in a storm.

Trees near a house, garage, or driveway, need to be inspected frequently. According to Davey Solutions, watch for trees that are leaning, buckling, or heaving up in the soil at the base.

Check the canopy of trees for unbalanced or sparse leafing and dead branches.

Check for decaying trunks and large branches.

Make sure you never sever large roots of a tree and that any nearby construction has not damaged the root area.

Although some damage can be repaired by an arborist, don’t let weak, dying trees remain on your property.

Share the News:
Continue Reading

King Cartoons

Front Royal
63°
Rain Shower
7:05am7:02pm EDT
Feels like: 63°F
Wind: 2mph E
Humidity: 88%
Pressure: 30.07"Hg
UV index: 0
FriSatSun
min 59°F
73/59°F
81/63°F