Eclectic Homes

Grants for Affordable Housing

Cheap housing grants make development, lease or purchase of housing that is affordable more attainable. Several different entities offer housing grants, including federal government agencies, local government authorities and nonprofit organizations. The specific amounts and requirements for affordable housing grants vary by location and purpose. People and organizations that acquire affordable housing grants typically have […]

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Budgeting Your Project

How Much House Can I Afford With a VA Loan?

Veterans, active-duty service members, some reservists and National Guard members, and surviving spouses of active-duty personnel killed in action can get help from the Department of Veterans Affairs (VA) to buy a house. The VA provides mortgage insurance to protect creditors if a home buyer defaults, making lenders willing to forgo the down payment for […]

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Budgeting Your Project

How to Cut Your Mortgage Payment

Several factors go into calculating a mortgage repayment amount. You have to be aware of these factors to decrease your mortgage payment in halfan hour. Interest rate, loan duration and the value of a home are vital factors to consider. Some borrowers decide to refinance a mortgage to cut on the payment in halfa year. […]

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Budgeting Your Project

What Taxes Are on an Inherited House?

By inheriting a house, the heirs money can be cost. Heirs may need to pay a variety of state and federal taxes, which may be due immediately or should they sell the house later. The government exempts some property from taxes and offers ways to reduce taxes, based on the heir’s circumstances. Sometimes, owners who […]

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