Tag Archives: house

Is 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} Really The Average Down Payment on a Home?

couple signing house contractAsk most home buyers about what’s the average down payment on a home would be, and they’d probably answer with 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} of the house’s purchase price. Now you’re probably thinking that you couldn’t possibly afford that. While there are great reasons for putting down a 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} home deposit, some lenders might allow you to put down a down payment that’s less than 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb}.

20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} Down Payment

While 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} might seem like a very sizable amount, you’d actually paying less in the long term if you could make a down payment of 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} of higher on the home you’re looking to purchase. This is mainly because putting down 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} would give you a lower interest rate on a home loan and you do away with private mortgage insurance (PMI), which could tack on a couple of hundred to your monthly mortgage payments.

The reason that lenders require PMI is because of the higher risk lenders assume on home loan’s with less than 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} down payment, explains one of the top mortgage brokers from the Altius Mortgage Group in Salt Lake City. Fortunately, once you have reached 80{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} loan-to-value (LTV) ratio, or have paid off the equivalent of 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} of the value of your house, you could request that your lender cancel your PMI. Likewise, if you reach 78{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} LTV, your lender would be legally obliged to cancel your PMI.

Less Than 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb} Down Payment

If you’re unable to make a down payment of 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb}, you could look for lenders that would allow you to make a down payment of less than 20{10568cefaa40ea8a7172e0c38c686ee7c7f6e07e3b9349e76f324dc051a3c9cb}. You could also look into loans, such as FHA and USDA loans that enable qualified borrowers to put down smaller down payments on certain loans. Do note though that because you’d be funding a higher amount, regardless of the terms, you would need to make higher monthly payments because of the higher interest rate.

The Bottom Line

A higher down payment equals a more affordable mortgage and the lower the down payment, the more costly the mortgage. However, it is very crucial to note that under the right circumstances, putting a lower down payment could be a viable option. For instance, it’s an excellent way to buy a house and begin building equity on it, and you just have to budget wisely due to the relatively higher monthly payments.

Likewise, you might likewise qualify for a refinance after several years. That being said, for a majority of home buyers, buying a home is likely the biggest financial decision they will make in their lives, so shop around and talk to different lenders to ensure that you secure the best home loan for your needs.

Why You Need a Realtor to Help You Sell Your Home

House Being soldSome homeowners who would like to sell their property decide to do it entirely on their own. While this is legal and totally doable, you should consider if this is indeed the course of action you want to take. Here are some of the reasons you should get help from your realtor in selling your house.

Your realtor has the experience

Not only is your real estate agent more experienced, but they also have the education for the job. Your realtor can take the load off your shoulders, and you can rest easy knowing someone with more experience and knowledge in these matters is doing the work.

They have the network

Your realtor probably already has a network of other professionals that you may need for your sale. For example, they can call a professional they trust to apply any repairs or improvements that can increase the value of the property. They also know whether you can recoup the cost of the improvement. Many realtors also have many contacts among those who are looking for a house for living or as an investment. So if you want to sell a house fast in St. Louis or elsewhere, call a well-connected realtor.

They can handle the paperwork

It’s their job, so they can handle the paperwork faster, as they don’t have to ask around about the next step. If you do this yourself, you might be overwhelmed by all the paperwork. And if you make any mistakes, you might be legally liable for it and cost you a lot of money to correct it.

They can protect you

When you try selling a house on your own, you might be subjected to phone calls that lead nowhere, even visits from people who have no real intention of buying. Your agent knows how to handle such things and can protect you from them, so you are not bothered.

The job of a real estate agent is not one for the untrained and uninitiated. Find a trustworthy real estate agent and let them do their job for you.

Property Selling: The Importance of Investing in Your Home’s Appearance

Home InteriorWhen it comes to selling property in Australia, it’s more than just location. Presentation and how your property looks has a big influence on how sellable it is. Even little details and small improvements can turn an otherwise mediocre looking property into something that’s attractive to the buyer’s eyes.

If you think that improving your property’s kerb appeal requires a big investment, then it might surprise you that even something as simple as repainting the walls or general cleaning can drastically improve the appeal of your home.

Kerb Appeal: Improving the Façade

When it comes to improving your home’s appearance and kerb appeal, Resort Brokers Australia explains that you should “take the time to step back and see the property through clear eyes.” The first thing your potential buyers will see is your house’s façade; specifically, the exterior surroundings and walls.

Have a look at your property’s exterior walls and check if there’s any remodelling or reworking that needs to be done. Potential buyers may want to have an in-depth look at the house’s exteriors, and any aberrations and imperfections will score a low mark for them. Rotting wall panels or chipped paint should be addressed immediately.

Repainting the walls is a relatively low cost way to bring back the house’s original appearance, and make it look attractive to potential buyers. Similarly, you should fix up the front door. It’s your home’s ambassador after all, and is how your house says welcome.

Reworking Interiors: Inspection Matters

Before you start inviting people to view your property, do a full inspection of your interior spaces. The first thing potential buyers look at is if all the necessities of the house are working properly, such as the plumbing, central cooling and heating, and electricity. They’ll usually look at the plumbing first, since that’s arguably the most important part of the house’s inner workings. Check the pipes for any leaks or blockages and have them addressed immediately.

Finally, there’s no harm touching up your home’s living spaces, but it doesn’t necessarily mean you should buy expensive ornaments and finishes just to make it stand out. There’s more ‘wow factor’ to a house that’s neat, tidy, and free of any ‘blemishes’. If there’s anything that needs to be redone or replaced, spare no expense as it will really improve the way your property looks in the eyes of your potential buyers.

When it comes to selling property, first impressions lasts a long time. Even something as simple as repainting exterior walls can improve the appearance of your home, and make selling it a lot easier.

Cleaning Your Exteriors While the Sun is Out

Exterior cleaning in Canning ValeWhenever the season is about to change, it is a good idea to do a thorough cleaning of your property to prevent clutter from building up. Now that the weather is still warm, it’s the perfect time to clean your exteriors.

Here are some yard cleaning tips. Make sure to follow them before the weather gets too cold to be doing any cleaning outside.

Remove debris from gutters

Gutters collect leaves, bird droppings, branches and other debris. In some cases, these become tools for rodents when they’re setting up their own place inside your home without your knowledge. Debris also prevents water from completely draining, which can sometimes lead to moss or mould formation. This can also lead to rusting.

Rake the yard

Rake the leaves, branches and other debris from your yard. Call for a skip bin hire in Canning Vale, such as Kwik Skips, to immediately get rid of all the rubbish you collect. Sometimes, taking it out and leaving it there attracts animals that scavenge in bins. If this happens, you have to do some more cleaning the following day.

Pressure wash the walls and deck

A pressure washer can clean walls, decks and fences faster and with minimal work. It’s easier than doing everything with your hands. Besides, it’s fun to use.

Paint the fence

To give your fence, walls or deck a new look, start painting them. They will not only look clean, but also brand new. At the very least, apply some waterproof sealer to prevent stains.

Prune and trim

Prune and trim overgrown bushes and other plants. This will make them look neat. You don’t have to do this yourself if this is not something you’re good at; call a professional. A pro can also remove dead trees with minimal damage to your garden and no damage to your property.

Start working on your exteriors while the sun is out. This will help you avoid worrying about it when winter is underway.

Home Appliances in Indiana

Saving the Environment While Keeping Your Home Equipment and Appliances

Home Appliances in IndianaNowadays, your home requires equipment, electronics and appliances for your family’s comfort. However, there is also a need for people to start caring for the environment. Yes, it is possible for you to keep your home comforts while being aware of your ecosystem.

Here are some ways that you can go about having electronics and appliances in your home while being considerate to nature.

Energy-Saving Lights

Replace all incandescent bulbs with LED lights or compact fluorescent bulbs. They can be as bright as their counterparts while using up less energy. They also emit less heat and last longer. Choose to place your lighting fixtures in specific areas of the room so you can choose to turn on the smaller light fixtures on certain spots when needed, instead of having to turn on one large light source to illuminate the whole room.

Appliances Going Green

With the advance of technology, you will find that most appliances now have energy-saving functions. They also sport automatic features for your convenience. If you have any appliances that are 10 years or older, you might want to switch to these energy-saving models, legacyheatingandairinc.com recommends. Your old appliances will cost you more in terms of energy bills in the long run and with less automation too.

Eco-Friendly Heating/Cooling

Upgrade to a newer HVAC model that saves on energy and have programmable functions. The upgrade can be pricey but just like “green” appliances, whatever you’ve spent on your newer model will pay off in utility savings. In addition, keep your HVAC system in tiptop shape to reduce the power it uses to do its job. Contact one of the reputable companies that offer regular maintenance and repair service for air conditioner and heating systems in Indiana.

Saving on natural resources such as energy and electricity helps the environment too. Doing your part, no matter how little it may seem, can make a difference. Your home isn’t just the house you reside in after all, but the world. It is in your best interests to save both. 


Senior-friendly: Changes that Make Your Bathroom Safer for the Elderly

bathroomBathroom fixtures are designed to support a specific weight, which may or may not include human weight. Improper use of these features can lead to accidents.

For instance, accidents can occur when seniors use towel bars to steady themselves. They may also fall when they hang on to glass walls for support.

They may also have difficulties with things that make using the bathroom hard, such as a lower toilet seat and out-of-reach items. There’s also the challenge of stepping over a bathtub.

Ways to prevent bathroom accidents

AgeinPlace.com says most slip and fall accidents can be prevented. When you have an elderly at home, make your bathroom features friendly to them. Do the following:

  • Replace glass shower walls with curtains. Install grab bars as well.
  • Install a tension pole that starts from the floor to the ceiling. This can be used to steady the body when moving in the bathroom.
  • Use non-slip mats.
  • Adjust toilet seat height. According to Aplaceformom.com, urinary incontinence is one problem older people deal with. Another is arthritis. Eliminate difficulties using the toilet by getting elevated toilet seats.
  • Add a tower bench next to the tub for the senior to slide over safely.
  • Get a walk-in bathtub so the elderly can bathe with ease. Portablewalkintub.com says a walk-in bathtub can be a good option for the disabled and nearly immobile seniors. It lets senior family members enjoy their bath. It also provides relief for the aching muscles through a good warm soak.

Making these changes will pay off when you see the elderly not struggling with using the bathroom. You will know these are worth it when you see your loved ones falling sleep easier, having better moods, and getting relief from the symptoms of acute ailments.

real estate for sale in Sydney

Important Considerations When Selling You House in Sydney

real estate for sale in SydneyEach homeowner can have a different reason for moving. It can be a personal choice or a business reassignment as part of a promotion.  Whatever the reason behind your relocation, you may have to sell your current home.

The best way to do this is through the help of professionals. You will be better off with the help of experts focusing on real estate sale in Sydney. Should you decide to put your home on the market, here are some things you have to observe when choosing the best real estate agent.

Be Sure to Verify Credentials

With the boom in real estate, it is not surprising to find countless real estate companies offering their services. But, not all can do the job for you. It is essential to check their credentials first.

It is to your best interest to deal only with those who have gained accreditations from the proper regulatory bodies and are owners of valid license.

Always Check the Company’s Track Record

There is a way of increasing the chances of your home being sold immediately and at the best value.  Let the sale be handled by a firm with an excellent track record. Grand offices or impressive credentials will be for nothing if the agents do not know how to sell your property.

The best indication is the agent’s record, which you  can be gather through third parties or by asking the agent directly of their history in real estate sale.

Getting the Best Real Estate Company

While there may be other considerations, the two factors mentioned are extremely vital when you want to get the best value for your property. This is a goal every home seller should aim for. By hiring the best real estate agent, you are then assured that your property gets the best value and sold at the soonest possible time.