Real Estate Corner…
Q. What should I know about FHA loans if I’m thinking about
buying a home soon?
A. An FHA loan is a mortgage insured by the
Federal Housing Administration (FHA) that offers favorable terms for those who
qualify, particularly first-time homebuyers.
Here are some important details:
insurance required? Yes. Because only 3.5% of the purchase price is
required as a down payment, FHA loans require you to pay private mortgage
insurance. This protects the lender from
a loss if the borrower defaults on the loan.
Can you use
gift monies with FHA loans? Yes, you
may use a gift from a friend or relative for the 3.5% FHA down payment.
Do I get the
loan directly from the FHA? No. You need to get your loan through an
FHA-approved lender. Costs, services,
and underwriting standards vary, so it’s important to shop around.
How do I
find an FHA-approved lender? Go to
the Department of Housing and Urban Development site at www.hud.gov (then search for “Lender List”), or ask me and I’ll
refer you to a lender.
more, ask for my Free Consumer Report called
Secrets For Saving Thousands When Financing Your Home.”
CURB APPEAL TO CLOSE
Try the 3P-2F formula - plantings, paint, pictures,
fixtures and furnishings.
Since you only
have 1 minute to make the buyer fall in
love with your home, staging starts at the
landscaping and exterior paint, for
example, need to be considered.
Clean up your home
and minimize clutter.
and family photos. If it isn’t necessary
and doesn’t add to the charm of the home, remove it.
remove furniture to create an impression of spaciousness and natural flow
through the home.
Please don’t underestimate the value
of staging your home.
How to Protect Yourself
During A Home Burglary
Do you know what you’d do if
someone broke into your home while you were there? A recent FBI Crime Report says about two out
of three residential burglaries happened during daylight hours, when many
people are usually not at home. However,
the U.S. Justice Department also reports that 27 percent of home break-ins
occur when someone is at home, either during the day or in the middle of the
night. Here are some tips to keep in
mind for your personal safety:
Don’t confront an intruder with a bat, flashlight or
weapon because the intruder is more likely to react violently. Your property
isn’t worth risking your life so only do this as a last resort.
Quietly move to a pre-arranged safe place. If you can get
out of the house without being seen, go to a neighbor’s house and get
help. If you can’t leave, take your cell
phone; get into a closet (preferably one you can lock from the inside) and call
911. Tell the dispatcher where you are
in the house and stay on the line until help arrives.
If the intruder comes into your space, remain calm,
cooperative and don’t look him/her in the eye. Many burglars
will flee if you aren’t confrontational.
If they don’t flee, let them take your possessions and call 911 as soon
as you can. If the situation becomes
life threatening, attract attention by screaming and try to escape. Never agree to go with the burglar to another
location because you may be unable to call for help.
Prevention is the best
protection. Install a home security
system or consider buying an alarm monitoring system. On www.alarm.org
click “Locate A Security Company” to research options. Having a monitored system can reduce your
homeowners’ insurance by up to 20 percent.
CONTACT KIBE @ (907)-357-4663TOLL FREE 1-888-822-8353