04 May FHA’S NEW 3% LOAN AND NEW LOWER MORTGAGE INSURANCE RATE!
Here is some great news from our Government. FHA has a new 3% down loan and they just announced that they plan on lowering the very high mortgage insurance premium from 1.35 to .85. January 26th, 2015 is when the new rate takes effect. This is great news for existing FHA loan holders too.Here is the link to the news report. This means more buying power for new home buyers and buyers who in the past may not have approved for a loan may now be approved. Call me today to help you find your dream home. 770-490-9897 Shelley Sellars
Deciding on what or if to improve your home may put you on an emotional roller coaster. It is important to understand that your want for a new high end kitchen does not result in a dollar for dollar return on your money. That new outdoor living space with that beautiful pool you have been dreaming about? Well I can tell you first hand that you better love it and do that improvement for your own personal enjoyment and not expect a return on that investment. Pools gets almost zero return. It is the hardest conversation to have when a client tells me “but we spent 150,000 on the pool/gazebo fire pit. What do you mean I can’t add that cost to my asking price?!” Moderate remodels pay off huge compared with a full blown out tear down start over. Keep those kitchen cabinets and reface them. Keep that jetted tub just resurface it. Knowing the return on value can help you make smart choices on what to remodel. Sometimes small fixes can be all you need. Here is a great article I found that explains the return on value. Click here