Today the FHA announced planned changes that will increase the costs of FHA loans going forward. First, the monthly mortgage insurance premium on new FHA loans will increase once again. The plan is to raise the annual MIP by 0.10%. Second, as we previously reported, the FHA will begin requiring their monthly mortgage insurance premium to continue for the life of the loan. Currently FHA monthly MIP payments can be dropped after five years when more than 22% equity is reached in the home. When these changes are implemented that will no longer be the case for all new FHA loans.
The FHA will give official guidance on the timing of these changes in the next few days.
One important aspect when considering the purchase of Indian Mango wood furniture is the fact that this tree grows much faster than other trees harvested to make furniture. Traditional wood furniture choices like oak actually take much longer on its journey from a sapling to a piece of furniture sitting in your home. Additionally, mango trees are harvested in large numbers, thus reducing the resources and energy needed to obtain the wood originally. Furthermore, supplies of the Indian mango wood can be grown quickly in order to meet any anticipated demands. Get more info…
If you have an outdated bathroom but don’t want to do a large scale renovation project, there are easy things you can do to make the space more stylish and functional. Replacing small bathroom and shower parts is something that you can definitely do without hiring professional workers, and the rest of the space can be elevated with a few contemporary accessories. Like all out-dated spaces that haven’t been remodelled in a long time, with a few simple tips, smart design choices and a little creativity, you can update your bathroom without going over your budget.
Choose a special design theme before you start shopping. Get more info…
CLEVELAND, Ohio — House prices held onto their recent gains in November, showing few signs of holiday torpor.
A key housing index, updated Tuesday, shows that prices in the Cleveland-Elyria-Mentor area were 1.8 percent higher than a year before. Across 20 major cities, prices were up 5.5 percent from November 2011. The only city that lost ground was New York.
The Standard & Poor’s/Case-Shiller Home Price Indices showed prices softening slightly from one month to the next — not surprising, at a time of year where sales slow and prices tend to fall. But the monthly declines were modest and based on data that isn’t adjusted for seasonal patterns. And the annual growth rates show that prices are still crawling out of the hole they fell into when the housing market crumbled in 2006.
“Housing is clearly recovering,” David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a written statement.
The biggest goal of buying glass balusters in comparison to other construction options such as wood, plastic or composite panels is to create a great view. The only concern is a slightly high price. If it is not a problem, this option is ideal whether you live in an apartment, house, condo with balcony / terrace, family home, or a luxury property. And while there are many advantages to choosing the glass material, it is considered ideal for indoor and outdoor living due to its aesthetic qualities. Frankly, glass balusters can extend the view from the living room to the skyline, from any bedroom on the second floor, or you can enjoy the endless picture from the roof.
Glass balustrades are a perfect option for people who do not have concerns about children or pets, because they could be tempted by the illusion of a wide view. Get more info…
Did you know that the Green Bay Packers won the first two Super Bowls (1966, 1967)? Ok, that was an easy one. How about that the average Super Bowl viewer will consume around 1,200 calories while snacking during the game or that fans combine to eat over 1.23 billion chicken wings on Super Bowl Sunday?
You’re probably wondering what’s with all the facts, right? Well, considering that the big game between the Baltimore Ravens and the San Francisco is just a mere two days away, it seems appropriate. If the first three facts didn’t amuse you, I have one more for you. The city that hosts the Super Bowl can bring in a whopping $150 million.
The Super Bowl is great for many reasons, but one thing sets it apart from the three other major sports in the U.S. Any guesses? Unlik
Entertainment centers no longer have to be bulky pieces of furniture. Slim and sleek, you can skip the center completely and just hang the flat screen on the wall.
If you have grown tired of the bulky stand taking up an entire wall, then it’s time for something a little more modern. Here are some cool ideas for storing the television in your home with style and flair.
Wall Mounted Television and Shelves
You love the look of TVs mounted neatly on the wall, but you need someplace to put the cable box and your Blu-ray player. The problem is solved with neat shelves that hang on the wall under your television.
Choose sleek glass for a minimal appearance, or look for floating shelves that seem to float on the wall without supports. M