Saturday, December 26, 2015

Air out your winter-tight home! Tips for Better Air Quality

Tips for Better Air Quality in a Winter-Tight House

Tips for Better Air Quality in a Winter-Tight House
RISMEDIA, Wednesday, December 23, 2015— (TNS)—I just replaced the furnace filter—every six months, as directed by the professional who visits to fine-tune it periodically.

Looking at the accumulated dirt made me glad it was the filter, not my lungs, that looked so sooty, but it made me wonder about indoor air quality.

We have central air-conditioning, so our windows stay closed in the summer. When I do open the windows in the spring and mid-fall, there is a lot of sneezing because of pollen and leaf mold.

Winter is when much of the world locks down, however, and the experts tell me that indoor air quality can suffer as a result.

Space heaters, ranges, ovens, furnaces, fireplaces, water heaters and building materials in the home can seriously affect air quality, as can dust mites, pet dander and smoking.

Keeping fumes, dander, mites and other pollutants and allergens to a minimum helps prevent respiratory problems and allergic reactions, including coughing, headaches, itchy and watery eyes, shortness of breath, even asthma attacks.

Here are three suggestions from air-filter manufacturer Permatron Corp., based in Elk Village, Ill.:

Clean it up. While most people ascribe to spring cleaning, getting your home ready for winter is equally important. Use a damp cloth to dust tops of doors, window frames, cabinets, artwork and ceiling fans. Dust and vacuum air vents, under furniture and behind the refrigerator.

Don’t track outside dirt, sidewalk and road chemicals, and other pollutants into your home. Simply add grass or rubber mats outside, so people can wipe their feet before entering. Ask your family as well as guests to remove their shoes and store them on a rubber mat next to the front door to keep from tracking dirt and pollutants throughout the house.

Keep mites away. Combat them by keeping the humidity about 35 percent; drier air discourages mites. Clean drapes and bedding frequently in hot water.

Turn your recirculating fan to “on” instead of “auto.” The “auto” setting causes the fan to shut off with the rest of the system as soon as the desired temperature is reached.

©2015 The Philadelphia Inquirer
Distributed by Tribune Content Agency, LLC

Monday, December 14, 2015

BUYERS KNOW THE FACTS: Changes to the Loan Modification Program Expiring in 2016

 
Important Facts About Loan Modification Programs Expiring in 2016!
Written By Michael A. Nolen, CEO of Delmarva Home Relief, December 09,2015

It’s getting close to the end of government sponsored loan modification programs. If you’re looking for mortgage help, you better apply soon. If you’re haven't applied byDecember 31, 2016, mortgage relief options could be limited.
In this post, I’ll give you some insight about the end of government programs in 2016 and some pointers of what you'll need to do to plan your options.

Helpful Information on MakingHomeAffordable.Gov

HAMP® is designed to lower your monthly mortgage payments, making them more affordable and sustainable for the long-term.
Application Deadline: December 31, 2016

What you'll need to do???

Borrowers must apply on or before December 31, 2016 in order to be considered for a HAMP loan modification. You’ll need to be eligible for HAMP and your mortgage company must participate.
If you meet the deadline, you’re lender will need to make a decision by September 2017. This doesn't mean you're going to get approved. If you pass the deadline and find out HAMP is not an option, you're not going to be able to get reviewed for short sale or deed in lieu programs offered under the government sponsored programs. If you miss the deadline, you may have limited options.

Participating Mortgage Companies and Loan Servicers

U.S Mortgage companies participate with MHA programs like HAMP, the Home Affordable Modification Program, and HAFA, the Home Affordable Foreclosure Alternative Program.
Some mortgage companies include Bank of America, Citi Mortgage, JPMorgan Chase and Wells Fargo.
Some loan servicer’s many participate as well like Ocwen Loan Servicing, Nationstar Mortgage and Seterus. Even if your loan servicer participates, you’ll need to make sure your lender participates as well.

Lenders are already starting to tighten up! 

In my professional opinion, I believe it will be difficult for borrowers to get help after the deadline. Lenders are already starting to tighten up on lender specific program guidelines for not only loan modifications, but also short sale programs and deed in lieu of foreclosure programs.
We’ve started seeing more promissory note requests with short sale programs. Recently we've had to open more disputes on lenders decisions than we've ever had to in the past.

Borrower's sometimes spend months with results that may not be favorable 

It’s common for borrower’s to spend months negotiating a modification before finding out that it isn’t the best option either due to not qualifying or the lender's proposed modified mortgage payment isn't affordable.

Alternative options after modification

Next, you'll need to review your non retention options like selling your home as a short sale or transferring ownership back to your lender through a deed in lieu of foreclosure program.
2016 may in fact be your last year to get mortgage help. If you don’t act fast, you could miss out on other foreclosure alternative programs.

Not Behind, You May Have Options

If you're experiencing a possible financial hardship in the near future, there could be hope for you. Some lenders are considering borrower's for different programs when they’re not behind on their mortgage. For example, FHA and HAMP could allow you to get modified not being delinquent if you qualify for under specific imminent default guidelines.
There are many guidelines and qualifications in order to get a government program. If you think you’re going to need mortgage help, you owe more on your mortgage than your home is worth, or facing foreclosure, get help now. You should find out if there are options. At least get a clear picture of what possibilities are out there to better educate yourself for the future.

Steps to get loan modification help

  • Contact your Lender or Loan Servicer
  • Consider contacting a modification consultant or specialist
  • Consider an attorney, but be careful of up-front fees
  • Avoid paying up-front fees if possible
  • Look for loan modification guarantee that gets you an agreement from yout lender before a fee is due

Thursday, December 3, 2015

Home Buyers: Watch Mortgage Rates Begin to Climb ... Buy Now!

Prices & Mortgage Rates Going Up in 2016


Posted: 03 Dec 2015 04:00 AM PST
Prices and Mortgage Rates Going Up in 2016 | Keeping Current Matters                         The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase in 2016.

HOME PRICES

CoreLogic has projected a nationwide 5.2% home value appreciation for the next twelve months. Here is their breakdown by state:Pricing Forecast | Keeping Current Matters

MORTGAGE INTEREST RATES

All four of the entities that provide projections on mortgage interest rates agree: they’re going up in 2016. Here are the predictions over the next four quarters:Interest Rates | Keeping Current Matters

Wednesday, December 2, 2015

Sellers: Preparing for a Home Inspection

How to Prepare Sellers for a Home Inspection

Image result for home inspection photos free

Preparing your sellers for a home for inspection will not only present your property in its best condition, but will also help to prevent closing delays due to incomplete or repeated inspections. Attending to each of the following will ensure a prepared property and a smooth sale.


Below is a partial list of items to help a seller prepare for a home inspection. The full list is available on Tri-State Home Inspections' website.



Seller Preparation
  • Make sure all interior and exterior light fixtures work.
  • Provide access to the furnace, water heater and electric panel.
  • Install a new furnace filter. It will be looked at during the inspection and be considered as part of the overall condition of the furnace or the heat pump.
  • Ensure all windows operate smoothly. If some are stuck or painted shut, the impression will be that many windows cannot open.
  • Replace all damaged window screens.
  • Tighten all doorknobs and tighten or repair all handrails, also check to be sure all interior doors will latch to the strike plate.
  • Make sure the attic is accessible, the inspector will enter the attic
  • Be sure that there is a minimum of one smoke detector per floor and in every bedroom and that they are in proper working condition
  • Provide keys, or unlock sheds and all outside buildings.
  • Divert all water away from the house, i.e. down spouts, sump pump, condensation drain, etc.
  • Remove grade or mulch from contact with siding, preferably 6 or more inches of clearance.

 We can provide your clients with a professional home inspection, pre-drywall inspection, pre-listing inspection, wood destroying organism (termite) inspection, Radon testing, mold inspection and drinking water quality tests. 


SOURCE:  Tri-State Home Inspections; Eric Espada, ACI,CMI

Tuesday, December 1, 2015

Buying vs Renting: Either Way Your're Paying a Mortgage


Rent vs. Buy: Either Way You’re Paying A Mortgage

Rent vs. Buy: Either Way You're Paying A Mortgage | Keeping Current Matters
There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.
As The Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return.  
That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”
Christina Boyle, a Senior Vice President, Head of Single-Family Sales & Relationship Management at Freddie Mac, explains another benefit of securing a mortgage vs. paying rent:
“With a 30-year fixed rate mortgage, you’ll have the certainty & stability of knowing what your mortgage payment will be for the next 30 years – unlike rents which will continue to rise over the next three decades.”
As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.
The graph below shows the widening gap in net worth between a homeowner and a renter:
Increasing Gap in Family Wealth | Keeping Current Matters

Bottom Line

Whether you are looking for a primary residence for the first time or are considering a vacation home on the shore, owning might make more sense than renting with home values and interest rates projected to climb.

Party Time: Get Your Home In Tip-Top Shape with Friends

Get Your Home in Tip-Top Shape Even When Time Is Not On Your Side
By Keith Loria

                                                   Image result for home party

Ask anyone who has ever gone through the process of selling a home, and they’ll tell you that time is the No. 1 thing you need on your side. From removing clutter to making rooms look good, renovating or fixing anything that’s broken to finding a real estate professional you feel comfortable working with, there’s a lot of time involved in the process. But if a new job, a death in the family or a marriage proposal are necessitating a quick sale, there are certain things you can do to get your home ready.

If time is of the essence, the first thing you’ll want to do is get your house in showing condition. Throw out the clutter, pack your stuff away and hire a professional cleaning service to come in and get the house sparkling. You may also want to have someone come and take care of the lawn as well.

It’s also a good idea to take care of any updates that can be accomplished over the course of a few days. This means replacing broken light bulbs, patching up nail holes, making spackle repairs in the bathroom, fixing any drips and taking care of any little things that a potential buyer might use as an excuse to not be interested in your home.

Another great way to get your home in tip-top shape without wasting a lot of time is to hold a painting party with some of your friends and neighbors in order to freshen up some of the main rooms in the house. This is a great way to have fun, spend one last weekend together and get your house looking good.

Your agent will most likely have some ideas as well, so be sure to listen to their advice. This probably isn’t the first home they’ve been asked to move quickly, so be sure to take their ideas into consideration.

If you’re planning a quick move, try not to have visible signs in the home that lead prospective buyers to believe you need to vacate quickly. And make sure your neighbors know not to say anything about your situation if someone asks. The last thing you want is a lowball offer because a house hunter overheard that you needed to get out quickly.

In the end, it’s important to keep an open mind, especially if you need to move quickly. If an offer comes in under your asking price and your agent thinks it’s probably the best that’s going to come, you may have to accept. Make sure to talk about all the options, including the possibility of renting your home for a period of time if that makes the most sense.

Contact our office today for more tips to prepare for a quick move.