What Kind of Paint Should I Use in Each Room of My Home?

Don’t pass up buying a home because it requires cosmetic repairs! FHA offers the 203k  mortgage program that provides funds for repairs and/or upgrades. Not to be confused with FHA’s full 203k program, a Streamlined 203k loan eliminates much of the paperwork and simplifies the process to obtain rehab funds. The primary function of the streamline 203k is to aid with those cosmetic or minor repairs One “repair” that is allowed is paint. What kind of paint is best for each room? There’s a basic rule of thumb to follow when choosing paint sheens: The higher the sheen, the higher the shine — and the higher the shine, the more durable it will be. Flat paint has no shine; high-gloss is all shine. In between are eggshell, satin, and...

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Looking at Foreclosed Homes for Sale? Here are Few Things to Consider…

In today’s real estate market, many potential buyers run across short sale homes and houses close to foreclosure. Some homes have already been foreclosed and are now for sale by financial institutions that own them. While this leaves some potential buyers leery, it is potentially a good opportunity to find larger properties with plenty of space and amenities. Property Neglect Oftentimes, homes that have gone through foreclosure or are on the verge of it, are not in top condition. Small repairs have been neglected leaving potential buyers to wonder what else may be wrong with it. A careful walk-through with a home inspector would be helpful. Making a list of what needs to be fixed will help lessen the surprises after purchasing the property. The home’s...

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Saving On Your Mortgage: Considering Your Refinance Options

Economic fluctuations have made regular home loan “health checks” a good idea for homeowners.  While property market trends change, there is a chance that your mortgage rate is no longer living up to your expectations. Your needs also change, which means new mortgage products often emerge to satisfy the ever growing mortgage demands. If you find out that your mortgage rate is no longer comparable to current rates, the first thing to do is to consider your options.  You can consult with a lender to find out whether refinancing  would be the best solution to your situation. Refinancing serves a number of purposes.  Some of the main reasons home owners choose to refinance are: More Affordable Mortgage Rates People refinance to take advantage of...

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Don’t Let BLACK FRIDAY Get in the Way of Buying a Home!

Don’t Let BLACK FRIDAY Get in the Way of Buying a Home!

Black Friday is nearly upon us. Newspaper inserts, emails and TV commercials abound with information about the “BEST DEALS EVER!”.  You get to the store before the sun even thinks about coming up only to find that you can get an even better deal if you open a line of credit! STOP RIGHT THERE. If you are in the process of buying a home, or considering doing so anytime soon, we urge you to stop and collect your thoughts for a moment. What the heck does Black Friday have to do with buying a home!? That additional percentage off for opening a line of credit could be a deal-breaker when it comes to purchasing a home. If you are in the midst of the mortgage process with a good lender, you already know that you should hold off on opening  new credit...

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Fall Has Arrived! Prep Your Home Now for Colder Temps

Fall Has Arrived! Prep Your Home Now for Colder Temps

It’s the most wonderful time of the year…. for lovers of the season of fall! Tis the season for vibrant reds, golden yellows, vivid oranges, pumpkins, and refreshingly cool temps. It also means winter isn’t far away. Following are some small projects that can be completed during the mild temperatures that could save money and trouble during the winter months: Don’t ignore rust spots  If iron doors, railings, or fences show signs of rust, correct the problems as soon as you can; otherwise, things will likely worsen over the winter.  Click here for instructions on how to repair rust spots. Prep Your Landscape Now for Spring Grass roots keep growing until the ground gets down to around 40 degrees; so this is a good time to feed them. Apply...

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