How Do Homes Impact Health?

  1. Indoor air pollution is 4 – 5 times worse than outdoor air and sometimes even greater.
  2. We spend 90% of our time indoors.
  3. 15% of homeowners may be allergic to elements in their own homes.
  4. Prevalence of asthma has double since 1976.

Indoor air pollution has been described by EPA and Congress as America’s number one environmental health problem. Air pollutants can and do cause allergies, sick building syndrome, bacterial infections and spread viruses to name a few. The American College of Allergists state that 50% of all illnesses are caused by polluted indoor air.  NEXT: How does our air inside the house get polluted?

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Save on your Mortgage NOW!

HELOCs the next thing home credit product? Mortgage rates are historically low, and many owners have the opportunity to take advantage, but not all owners pay close attention to these numbers.  

You have the opportunity to investigate the possibility of refinancing through HARP or stream line if your loan is FHA to take advantage of the historic rates.  

You can analyze  what financial options give you the best interest rate and  most convenient terms according to your personal situation, and you do this by comparing these rates from various financial institutions through the Good Faith Estimate. This simple action prompts banks to be more competitive and offer rates lower while they. 

Mortgage rates are closely linked to the action of the Federal Reserve – Fed and the economy, so it’s important that you analyze your financial situation to see if you could take advantage of the today historic rates, before they take off.     

Let me explain with numbers in this example:

Balance of   mortgage:  $ 200,000 –

§  Interest @6.5% Monthly Payment 1,440.                                           

§  Interest @3.75% Monthly Payment $ 1,014.                                           

§  Total Savings Monthly $ 426.                                                          

§  Total Savings Per Year $5,112.

§  30 Years Total Savings  $153.360.

Check your mortgage payments,  interest rate,  balance and the pending term of the life on your loan, so you can determine if refinancing is best for you. The Government Program HARP that does not require evaluation of the value of the property, conventional and FHA  Streamline Refinance are great choices to consider allowing substantial savings.

Don’t Miss It Out!

 

 

Home sales show encouraging stats

Home sales show encouraging stats

Existing home sales, excluding distressed sales, are the most encouraging stats at the moment. These, according to Trulia and the National Association of Realtors, were 80 percent back to normal in August.

home-salesTrulia’s Bubble Watch also showed that prices were 3.4 percent undervalued in the third quarter, which is a marked improvement over the 13.5 percent undervaluation at the worst of the housing bust. That means prices are three-fourths of the way back to normal.

Delinquency and foreclosure rates also were much improved. According to Trulia and Black Knight, the national delinquency and foreclosure rate was 74 percent back to normal in August, the same as one quarter ago and up from 56 percent one year ago. The decline in defaults and foreclosures has helped stabilize the financial system and hard-hit neighborhoods.

Why this is a great time to sell your home?

Why this is a great time to sell your home?

Selling a house is a big decision, and there will be many factors in your decision to put your house on the market. The key is to not have to sell your house until the timing is right, at a time of the year when the market is hotter.

Home For Sale Signs In Front Of Beautiful New Homes.

When is a great time to sell your house? When you will get the most value for the property!

 

Several factors contribute to this, but always remember that time is the most important factor in achieving maximum value for your property.

While there is no way to tell when the housing market is at its top, the housing market we have seen does have some troubling similarities.  The idea to cash into your house and make a tidy profit while hoping the market to cool with the intention to find some bargains later is at a high stakes bet. Real estate market has a cyclical trend with ups and downs. However, it is not an excellent idea to speculate for most people as they’re not dealing with just money but with a real asset with real value.

Prices surged more than 10% in many markets last year, bidding wars are once again common, and homes are routinely going for well over the asking price in some cities. These trends make it seem like a return to the days of the housing boom.

The turnaround comes roughly seven years after the housing bust and signs that the economic recovery is picking up. As the unemployment rate drops and consumer confidence increases, more buyers are entering the housing market and sellers are finding that they have more leverage in negotiating the going prices of their homes.

More homes are expected to hit the market, and you will probably see that the number of “For Sale” homes will rise, with much of the extra supply coming from home builders. Since the recession, investment firms, including private-equity firms and hedge funds, have been purchasing large numbers of single family homes and turning them into rentals. Some analysts say that the supply & demand imbalance has helped to create this seller’s market by following this trend.

Do you really need Earthquake insurance?

Do you really need Earthquake insurance?

While earthquakes are more prevalent in the state of California, they can occur in any state. The truth is that an earthquake can occur and cause damage to your property in almost any state.

Earthquake insurance will cover damage to your dwelling and its contents caused by damage from and earthquake such as walls that collapse or valuables that are destroyed inside your home.

CALIFORNIA EARTHQUAKEYour regular homeowner’s policy does not cover damage caused by earthquakes. You must either purchase an earthquake coverage endorsement or purchase a separate policy for earthquake insurance.

Don’t make the mistake of thinking that you will rely on government disaster assistance to help you recover losses from an earthquake.  Government disaster programs, such as FEMA, are designed to take care of immediate needs such as food, clothing, medical assistance and temporary shelter.

If you live in an earthquake prone area, the only way your property and contents will be covered is through Earthquake Insurance.

Do You really need Earthquake Insurance?  Only you can make this determination. Many people, especially people who do not live in earthquake prone areas choose not to get this coverage. Earthquake Insurance policies can be quite expensive. Just know that if you do not have earthquake insurance, rebuilding your home and replacing all of your valuables will come out of your own pocket.

The state of California offers earthquake insurance through the California Earthquake Authority (CEA). Individual insurance companies in the state can elect to participate in the CEA.  By law, if an insurance company offers homeowner’s insurance in the state of California, it must also offer earthquake insurance.

Mini-policies are also available which only cover your dwelling, excluding items such as patios, pools or other detached structures. This was introduced in 1996 by the California legislature in an effort to keep earthquake premiums affordable for homeowners.