29 09, 2022

Lawn care tips for fall

2022-11-17T14:50:28+00:00September 29th, 2022|Tips & Advice|

Summertime is when we make the most of our home’s outdoor spaces. Whether having friends and neighbors over for a cookout or catching some bright summer rays, this is the time of year that homeowners appreciate having a yard to call their own. Though the warmer months may be peak season for enjoying the great outdoors, a great lawn begins with some preparation in the chilly autumn months.

With fall underway, it’s important to take the necessary steps to ensure your lawn is healthy and ready for you to enjoy next year and beyond. Use these fall lawn care tips to encourage the continued health and wellbeing of your grass.

Remove fallen leaves

Keeping up with fallen leaves is one of the most crucial steps you can take for the health of your lawn. Leaves can smother your grass, blocking sunlight and trapping excessive moisture. Left unchecked, this could lead to patchiness and thinning on your lawn. To prevent this, be sure to take care of fallen leaves with a leaf blower or rake. Or, simply go over leaves with your lawnmower on the “mulch” setting.  

Lower your mower height

It’s important to mow your lawn to the correct height as your grass prepares to enter its dormant winter state. This means lowering your mower’s blades in the fall from the usual summer height. A good rule of thumb is to lower the blades one or two inches for a shorter cut in the autumn months. Cutting to a lower height will help control moisture, preventing unwanted molds and fungi from taking root. This reduced height also helps your lawn survive the cold, dry winter conditions to come.

Use fertilizer

Fall is a great time to fertilize your lawn. Giving grass a nutrient-rich fertilizer now will help the grass’s […]

16 09, 2022

Is PMI worth it? Costs and Benefits of Mortgage Insurance

2022-11-17T14:51:22+00:00September 16th, 2022|Mortgage 101|

Many homebuyers are already familiar with Private Mortgage Insurance (PMI). PMI is a type of insurance on your home loan that is usually put in place when the borrower does not put 20% of the home’s value down at the time of purchase. PMI can also apply when refinancing, if the borrower has not yet accrued 20% of the home’s value in equity.

With all the other expenses that go into closing on a home and keeping up with monthly payments, it’s easy to understand why some homebuyers might hesitate to take on the added expense of PMI. Nevertheless, PMI can be an invaluable tool for homebuyers in certain situations, giving you the ability to finance a home without the need for a hefty down payment. To understand the possible drawbacks and benefits of PMI, let’s take a deeper look into what this type of insurance involves.

Who benefits from PMI?

Unlike your homeowner’s insurance, PMI covers your lender if you were to default on your mortgage. This means that the lender is the beneficiary of the insurance, and is protected from the higher risk associated with lending to a borrower with a lower down payment. Though the issuer of your mortgage would receive funds from PMI if you should fail to make your monthly payments, the borrower also benefits from obtaining PMI. For a relatively low monthly payment, PMI lets you get into your desired home right away, eliminating the need to save up a large sum for a down payment.

How much does PMI cost?

The cost of PMI varies significantly from one transaction to another. Factors such as the purchase price of the home and down payment amount will affect the amount that a borrower pays for PMI. On average, these payments are around […]