FHA Curbs Cash-Out Refi Limits

Want to tap your home equity? If you have an FHA loan, the amount you can access just shrunk.  “Refinancing your mortgage to take cash out using your home’s equity may not be as easy to do under new limitations on cash-out refinances released by the Department of Housing and Urban Development,” said Realtor Magazine.…

Seller Intent: Inertia vs Action

Why haven’t you listed your house or condominium unit for sale? PJ Wade explores whether the decision not to sell and move is the result of your active exploration of housing and lifestyle options or inertia, and which is the smarter homeownership approach. You have not listed your house or condominium unit for sale. Why?…

Understanding Seasonal Income

Seasonal income is income that comes during a specific time of the year and not paid every month. Such income can be used to help qualify for a mortgage but only under very specific guidelines. Seasonal income might be income earned over the holidays or summer work when taking on a second job. Seasonal income…

Finding Down Payment Money

One of the biggest challenges, if not the biggest challenge, is coming up with the money for a down payment on a home. Even if someone is taking advantage of the new conventional 3.0 percent down program or the FHA mortgage, most every loan requires some sort of a down payment. While 3.0 percent doesn’t…

Moving Strategies for Clients

Moving into a new house is exciting and stressful. It’s easy to overlook tasks that would make the transition go more smoothly. Check out this essential list of things you shouldn’t forget. Do Repairs and Painting at the New Place First Before move-in day, go through the new place and jot down areas that need improvement. Is the…

Define Your World with Color

When you’re remodeling or redecorating your home or office, what is the first thing you think of? For many people it’s, “what color do I want this space to be?” Color is one of the most, if not the most, important consideration when redoing the interior of your space. Color 101 Any discussion of color…