10 Homeowner Money Moves For Summer 2022
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The COVID-19 pandemic impacted the health, wellbeing, and finances of so many. As a homeowner, perhaps you and your family encountered certain hardships that you hadn’t faced in the past.
We’ve lived through a pandemic and that has forever changed the way we think about our health and our finances. Today, our world looks a little different, and as we continue to adjust to the “new normal” of everyday life, there are a handful of opportunities that homeowners can capitalize on to save money and protect themselves better.
Here are 10 homeowner money moves you could make as we adapt to the “new normal.”
1. Potentially Save Thousands on Your House With This Simple Move
The COVID-19 pandemic taught us how valuable our homes are. Your house is probably your biggest investment, which means it’s also one of your greatest opportunities to save money.
By refinancing, you could potentially save thousands of dollars on your house. Here’s how it works — you find a new home loan that, ideally, has a lower interest rate and better terms, and then use it to replace your current home loan. Sounds simple enough, right?
Because it is. And with Figure, you can check your mortgage refinance rates in just a few clicks without even impacting your credit score!
Find a loan with a lower interest rate and apply with Figure’s 100% online application. Once you’re approved, Figure will help you close out your new loan quickly so that you can start enjoying your new savings as soon as possible.
To start, check your mortgage refinance rates with Figure today and find out how much you could be saving on your house!
Figure Mortgage Refinance is only available in the following states: AK, AL, AR, AZ, CA, DE, FL, GA, IA, ID, IN, KS, LA, MA, MI, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, SD, TN, WA, WI, WV.
2. Get Rid Of Your Overpriced Homeowners Insurance Policy
The pandemic put millions of people out of work, yet the bills didn’t just go away. Now more than ever, we realize the importance of cutting bills that we might be overpaying for. Do you know if you’re paying too much for your homeowners insurance?
EverQuote may have the answer and they could save you hundreds of dollars a year.
This well-known home insurance comparison site will find multiple insurance companies offers for you in just a couple of minutes.
You’ll get to see everything in one place, helping you save a whole lot of time and potentially a whole lot of money, too.
3. Protect Your Family With $1,000,000 or More
The pandemic taught us that disaster can strike at any time, and now more than ever, people are realizing the importance of life insurance. You could leave your family up to $8 million by applying for a term life insurance policy, and it may not even cost you all that much. You could choose a coverage plan for less than $8 million as well.
Here’s why it’s bad to not take action — the longer you wait, typically the more expensive life insurance becomes. Life insurance is usually cheaper the younger you are and today is the youngest you’ll ever be again.
And with Ladder, it’s easy. You can get a term life insurance quote in seconds and all you need is 5 minutes to complete the company’s application form. You won’t even need to provide a medical exam for coverage up to $3M or fill out physical paperwork.
Plans start at just $4.95 a month — a price that most people can afford. Plus, Ladder offers coverage up to $8 million. That should be more than enough to make sure your family is taken care of if you were to pass unexpectedly.
Your premium might be higher tomorrow, so don’t wait to get life insurance. Apply with Ladder today and find out how affordable life insurance can be.
Ladder Insurance Services, LLC (CA license # OK22568; AR license # 3000140372) distributes term life insurance products issued by multiple insurers – for further details see ladderlife.com. All insurance products are governed by the terms set forth in the applicable insurance policy. Each insurer has financial responsibility for its own products.
4. Save Hundreds Right Now On Your Car Insurance
Your car may have had more garage time last year, as many people spent more time indoors and less time on the road. While auto insurance is still necessary, we now see how costly it really is. But it doesn’t have to be — you might be able to save hundreds on your auto insurance this year.
Let EverQuote tell you in two minutes if this is possible. This site will return multiple auto insurance quotes for you to compare in one place.
That’s a lot of time you’ll save. Just fill out a quick questionnaire.
If you find cheaper insurance than you currently have, EverQuote can help make the switch super easy.
It might save you hundreds of dollars a year.
5. Use Your Home to Get Access to Up to $250,000
If cash was hard to come by last year, you need to know that there are different ways to get access to money quickly. You can actually use your status as a homeowner to get your hands on money that can be used for all sorts of purposes — fixing up your home, paying medical bills, or funding a family vacation!
That’s exactly what you get with a HELOC (home equity line of credit). A HELOC is a low-interest loan that uses the equity in your home as collateral.
Figure is an online lender that could help you get up to $250,000 against the equity in your home.
Plus, they make the process incredibly easy. Their application is 100% online and it takes only 5 minutes to fill out. If you’re approved, you could get your funds in as little as five days!
Learn more about Figure and how you can use your status as a homeowner to get the money you need!
6. Protect Your Home’s Systems and Appliances With Affordable Coverage
Because you probably spent more time indoors last year, you probably also noticed just how quickly things break down around the house — especially when you’re having to use them more frequently. Repairing or replacing certain systems can often wipe out your savings account or emergency fund in one hit.
American Home Shield is a home warranty company that helps cover the costs that insurance won’t cover.
AHS offers three different plans, and coverage of up to 23 different home appliances and systems — including heating and cooling systems, electrical systems, plumbing systems, kitchen appliances, and much more.
Breakdowns happen all the time. With AHS, all you have to do is request service online or over the phone, wait for your assigned repair professional to arrive, and have your appliance or system repaired. If it can’t be repaired, AHS will replace it!
Over 1.8 million members trust the company to keep their homes up and running. Shop plans with American Home Shield today and make sure you have the protection you need for your home!
American Home Shield is currently available in all states except for Alaska.
7. Build the Health Insurance Policy You Need (and Can Afford!)
The pandemic demonstrated that health insurance is invaluable. But let’s face it — health insurance is also really expensive. Plus, options are limited, so you don’t always get the coverage you need or the deductible you want.
Fortunately, there’s a new way to do health insurance in this “new normal” — Sidecar Health. This company allows you to completely customize your health insurance plan!
With your plan, Sidecar Health will send you a payment card, which you’ll use to access your benefits for medical services. After a visit, you’ll be charged 20% as the “estimated expense” and the remaining 80% will be charged to your Sidecar Health payment card as the “estimated benefit.”
Sidecar Health is currently available in AL, AR, AZ, FL, GA, IN, KY, MD, MS, NC, OH, OK, SC, TN, TX, and UT.
Take a photo of your bill and submit it through the app; your account will then be credited or debited accordingly, depending on what your plan covers. As a member, you can also wave goodbye to out-of-network fees, as your plan will work with any doctor!
Through Sidecar Health, members are able to save 40% or more on the cost of care. Get a free quote from Sidecar Health today and finally get the health insurance plan you’ve always needed!
8. Get the Best Extended Warranty for Your Car
While your car sat in the garage last year, maybe you didn’t have to pay for as many auto repairs. But now that you’re starting to drive more often, consider the cost of repairs. You’re only one breakdown from having to fork out hundreds of dollars (thousands, in some cases) to get your car back on the road!
Well, with Olive, you can get an extended warranty for your car for an affordable price each month.
Olive allows you to tailor a plan to coverage needs and monthly budget, and your rate is fixed for the life of your term. You can also cancel at any time without penalty!
What’s more, there’s no waiting period. After your first payment, your coverage will start at midnight. You’ll be covered up to 185,000 miles, with no annual mileage restrictions.
And filing a claim is easy. Use Olive’s RepairPal tool to find a repair shop near you and Olive will pay your bill directly so that you don’t have to wait for reimbursement.
Finally, Olive invests a portion of your premium in renewable energy, sustainable infrastructure, social services, and other community programs at no extra cost to you.
Get a free instant quote from Olive today and you could have an affordable extended warranty for your car by midnight!’
9. Get Rid Of Credit Card Debt
Were you stuck paying for credit card interest last year? You probably could have used that extra money when things were tighter than normal. After all, credit cards often come with extremely high interest rates that keep users trapped in debt.
Don’t make that mistake again — if you have credit card debt, you could eliminate it today by getting a personal loan through Credible.
By getting a personal loan that has a lower interest rate and using it to wipe out your credit card debt, you’ll be left with lower payments going forward.
This marketplace will find you multiple offers on personal loans. Run a search, compare all your options conveniently in one place, and find personal loan options that range from $1,000 to $100,000.
All it takes is two minutes to check out your rates with Credible and potentially find a loan that wipes out your credit card debt and saves you thousands. Credible’s Best Rate Guarantee means that you’ll even get $200 if you find a better rate elsewhere (*terms apply, see the Credible website for details)!
10. Diversify Your Investments By Investing in Fine Art
As the stock market suffered as a result of the pandemic, we realized the value of diversifying our investments. For years, blue-chip artwork was an area that only the super-rich could get involved in. But Masterworks has made it so that anyone can get started investing in top-tier pieces!
Investing in blue-chip artwork — which, according to Artprice, has outperformed the S&P by more than 250% from 2000 – 2018 — might be a good way to diversify your investments and safeguard your money in a fluctuating economy.
Here’s how it works. On the platform, you can invest in a portfolio of iconic works that have been carefully crafted by Masterworks’ team of research professionals. You can wait for Masterworks to sell the artwork at some point during the next 3-10 years, or you have the option to sell your shares to other investors on Masterworks’ secondary market.
You’ll only need to pay a small management fee, and in return, you’ll get all administrative costs covered, professional storage, insurance, regulatory filings, and annual appraisals.
To start investing, simply request an invite for membership today!
See important disclaimer: masterworks.io/disclaimer
Make Smart Money Moves Your “New Normal”
While the coronavirus pandemic may have affected your finances temporarily, it’s critical that you adapt to today’s “new normal” and take advantage of the many financial opportunities that are available to homeowners.
By making some of these smart money moves, you can create and maintain a healthy, happy, and low-stress environment at home!