| In
This Issue |
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| Monthly
Quote |
“A little madness in the Spring
Is wholesome even for the King…”
-Emily Dickinson,
American poet, (1830-1886),
Complete Poems
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| Tip
Of The Month |
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Many potential homebuyers, especially
first-timers, may need to look beyond traditional mortgage options.
There are several creative options out there that may allow you
to purchase the home of your dreams:
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80/20
Loans. These loans are typically for buyers who do
not have the 20% down payment. To avoid paying for private
mortgage insurance, check into this type of loan, which “piggybacks”
onto the first, 80% loan for 100% financing. |
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Interest-only
Adjustable Rate Mortgage (ARM). If it is important to you
to keep monthly payments low at first, consider this type
of loan, which requires no payment toward the principal
during the initial term before the rate starts to adjust.
You can start with this type of loan and then refinance
before the rate starts to adjust.
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Payment-option
ARM. This is a slightly riskier option that offers you the
choice of paying just interest, interest plus principal
or a “minimum payment.” If you have a varying
monthly income or unexpected bills, this may be the option
for you. Be forewarned, however, that if you pay smaller
payments, your loan is getting bigger. Also do not assume
that you will build equity simply through a home’s
appreciation.
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(Source: "MoneySmart" by
Sharon Epperson, USA Weekend, April 22-24, 2005.)
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| Volume 2,
Number 5
May, 2005 |
Welcome to “At
Home with HouseHunt,” HouseHunt’s Monthly
Consumer Newsletter. Here you will find useful information and
tips on safer homes through the use of modern technology, how
to be smart when moving for work, transforming your garage with
flooring, designing a small garden, and much more.
The HouseHunt Team- information
you need for all your real estate needs |
 |
Stronger,
Safer Homes through the Use of Modern Technology
Technology today is constantly changing, and
technology for our homes is no exception. Modern materials, roll-up
screens and innovative electronics make our homes easier and safer
to live in. more>>
|
|
Be
Smart When Moving for Work
Moving for work can either be a fantastic or
horrendous experience, depending on how you approach it. A recent
WallStreetJournal.com article offers pointers on how
to make moving for work less stressful. more>>
|
|
Transform
Your Garage with Flooring
Flooring in the garage? You may think it sounds like a bad idea,
but it can actually make maintenance and cleaning in the garage
easier. A recent Realty Times article discusses the benefits of
different types of garage flooring. more>>
|
|
Five
Tips for Effective Home-Equity Usage
The temptation to tap into home equity has
been too much for millions of Americans. If not done wisely, such
a move can be risky. We give you five tips to make such a decision
a wise one. more>>
|
|
How
to Design a Small Garden
It is not as impossible as you may think to
turn that tiny space into paradise. A recent USA Weekend
article discusses several tips to designing small, but beautiful,
gardens. more>>
|
|
Seasonal
Suggestion
When buying sod, it is critical that it is
fresh and healthy. Otherwise, you may not end up with the beautiful,
instant lawn you were hoping for. Here’s what to look for:
more>>
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