Your Home: Modern or Traditional?

Your Home: Modern or Traditional?

fantastic-modest-white-color-scheme-living-roomNothing is extra comfortable than coming back to our homes, full of heat and love after taking care of  stack of issues at work.

Decorating or redesigning our homes should not be thought as an expensive or complicated activity.

We have to make sure that the design Open Plan Livingwe choose will be sophisticated rather than unnecessary. Color, style and balance are not a neutral sort of thing. It affects us and how we see our surroundings.

The usage of appropriate color scheme and fabrics to emphasize and provide light for the rooms in our home play a very important role.     Balance is the most important part of home decorating, and it applies to colors as Luxury Home Kitchen.well. They have the power to affect        how we perceive things.

Room colors can influence our mood and our thoughts. Colors affect people in many ways, depending upon one’s age, gender, ethnic background or local climate. So when it comes to decorating, it is important to choose wisely.

You do not have to worry too much about trends, as they come and go. Make your home beautiful by choosing Colors and styles that reflect your personality.  Have fun!

Advertisements
Fannie Mae reduces waiting period for distressed borrowers

Fannie Mae reduces waiting period for distressed borrowers

A recent report revising the waiting periods for distressed borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan has been released by Fannie Mae. This revised statement reduces the waiting period up to two years for borrowers with a short sale or deed-in-lieu of foreclosure on their record if there are extenuating circumstances that borrowers can prove. FannieMae

According to Fannie Mae, extenuating circumstances are defined as “nonrecurring events that are beyond the borrower’s control that result in a sudden, significant, and prolonged reduction in income or a catastrophic increase in financial obligations.”

If a borrower has a foreclosure on his or her credit record, the new minimum waiting period is seven years. Under extenuating circumstances, that period is shortened to three years with some additional requirements for up to seven years. For those with a bankruptcy the waiting period is four years but two years with extenuating circumstances from the discharge date.

Fannie Mae said in the report that it is “focused on helping lenders to provide access to mortgages for creditworthy borrowers while supporting sustainable homeownership” and that the new policy “provides opportunities for borrowers to obtain a loan to Fannie Mae’s maximum LTV (loan-to-value) sooner after the Pre-foreclosure, Short Sale or DIL.”