There are times when you are home to yourself and you long for company.
Spanish Revival is a mixture style of the Spanish Colonial and Mission-influenced residences in the West and Southwest, Spanish Baroque, with its curling wrought iron, brocades and richly decorated woods, and Moorish architecture, evidenced largely by the use of ornamental mosaic tile and lacy cut-out metals. The design was all the rage in the early…
The Federal Housing Administration (FHA) insures loans composed by approved lenders. The FHA has guidelines it expects lenders to follow to get a loan to meet the requirements for FHA mortgage insurance, that indemnifies the lender when a borrower defaults on his mortgage. A borrower needs to meet certain qualifications to qualify for an FHA…
The Department of Housing and Urban Development (HUD) promotes homeownership among families in all income brackets. As part of its core mission, HUD insures mortgage loans for families with bad credit or monetary struggles, giving mortgage lenders an incentive to extend loans to borrowers who have higher default risks. As a sort of subprime mortgage…
The sale option can help a troubled homeowner however does take some risks. A brief sale is when a troubled borrower can sell his home for more than the money owed to the mortgage. The creditor must agree on the sale that is brief, after the residence has been sold and the rest of the…
A lien is a claim of ownership against property. Creditors put liens on property. IRS liens are put to collect low-income taxation. All liens on a property must be paid before the property could be transferred with apparent title, mortgaged or refinanced. To clean an IRS lien before refinancing, you must pay the lien with…
Property taxation is a source of income for municipalities and school districts. Its revenue is used to build local roads, improve school systems, or finance public amenities such as libraries and parks. Property taxation is not static. It can increase or decrease depending on political and economic conditions. So homeowners need to consider the effect…
A 40-year mortgage is exactly what the name implies–a home loan was made to be paid off after 40 years rather than the more conventional 30- or 15-year terms. 40-year home loans are far more popular in high-interest-rate environments, according to Michael Larson of Bankrate.com, and they’re accompanied by some dangers that should be considered…
If you are attempting to sell a timeshare, you may be told that it is crucial for you to pay for an appraisal. Don’t believe it. While it is helpful to know the market value of your timeshare, there are strategies to ascertain that value without having an appraiser. In fact, the only individual involved…
If you are facing a foreclosure or cannot sell your home at its market value, a brief sale may be your proverbial last-ditch choice. A brief sale is a real estate sale for less than what is owed on the mortgage. The creditor agrees to the reduced price in exchange for avoiding a protracted and…
Designing a family space is always fun because it’s a place for relaxing at the end of day. For this same reason, you need to always take into consideration how you may add comfort without compromising on style. I just finalized the layout for a customer’s family room. My customer’s house is conventional and stuck…