Winter Savings Tips for 2025 Homebuyers
Track your spending this winter to identify areas for cost-cutting before buying a home in 2025. Winter-proof your home to reduce energy bills and save money during the colder months.
Costs remain high for affordable housing projects in Washington
A new report from the Department of Commerce reveals that while the cost of building affordable housing in Washington has decreased slightly, it remains high overall. The median cost per unit in 2023 was $301,744, down from $316,097 in 2022, but still above pre-2022 levels. Fewer projects received funding, with only 21 multifamily projects built […]
What Is a Home Equity Line of Credit, or HELOC?
A home equity line of credit (HELOC) is a second mortgage allowing homeowners to borrow against their home equity, typically up to 85% of the home's value minus the mortgage balance. It features a draw period of 10 years for borrowing and a repayment period of 20 years for principal and interest payments. HELOCs usually […]