Posted on May 24, 2017
Finding a Lender for Your Remodel
If you’ve been dying thinking about how wonderful it would be to have your home remodeled in the image of your dreams, then the next step will be how to get an appropriate lender for your needs. For those new to the lingo, it would be very easy to get lost amidst the sea of terms and concepts related to lending – and we haven’t even gone to which lender would be best for you. So if you are new to the lending biz, here are a few tips to help guide you on your way.
Explore your options, make sure you have a list of credible lending institutions to choose from when refinancing. It would do well if you had a list of institutions followed by the pros and cons plus the terms to each lending institution.
Many financial institutions will offer some sort of credit product especially tailored for home buyers and homeowners who seek to remodel. The best place to start looking is your local bank. Not only are they legal, they are also stable, and will prove to be the standard by which you make your financial decisions.
Your Bank: The First Stop On Your Lending Adventure
Try exploring the loan plans of the bank you deposit with. They will usually give you better interest rates than other banks. When visiting your bank for this purpose, it will do no harm to seek customer service personnel who can explain to you the various loan products and services their bank offers and the ins and outs of managing such agreements. Good banks will also offer advice on what course of action would be best for such situations, having had much experience with such.
If you have applied for other loans before, then this experience will not be any more painful than before. Many of the terms and rules applicable to them are applicable to your refinance loan.
Make sure you understand every detail of the loan. Do not gloss over some parts because you think they are not important, or that they can be omitted or referred to later. Some of the decisions you will have to make regarding your loan must be made with these terms in mind.
Your Mortgage Broker: The Loan Middleman
Mortgage brokers have the advantage of having more loan sources than other people. They will typically be more informed of the ins and outs of the lending business. However, the main issue against them is trust. You will want to associate with mortgage brokers that are trustworthy and honest. Try checking with people you know to get in touch with such brokers. Those of your friends who have had experience with these brokers can give you tips about, feedback on, and references to good mortgage brokers who do their job well.
Finding a mortgage broker is best when you are getting a second mortgage, or refinancing, or a FHA 203(k) mortgage.
Contractors: Last Line of Lending
Some contractors will also offer lending plans. However, finding a good contractor – and one that offers a good loan at that – will be doubly difficult. Their plans may also be a lot trickier to deal with. You will need to approach this option with a lot more caution than with the other options.
When considering their terms, take careful note of the monthly payment they require. If they put too much focus on the monthly payment instead of the total bill, you will have to be very suspicious of their plans.
Your Rights as a Borrower
The federal Truth in Lending Act, Article Z protects you from some of the more ostentatious scams in lending. It states that lenders must disclose their interest rates, costs, plus the total APR along with the terms of the loan for it to be legitimate. If they don’t do so, then you must scoot away from these institutions – but not after refunding your application fee (which is another one of your rights). You can use this information when comparing lenders and choosing from among them.
You should also be aware of the upfront fees which could typically cost anywhere from $50 to $300. Most reputable lenders will keep this fee low, if they charge too much or if they state that these fees are nonrefundable, you would do better with other lending institutions.
Posted on May 22, 2017
With advancements and innovations in home design as well as expanding creativity and style, tile flooring ideas now go beyond the bathroom and the kitchen. In the more traditional days, tiles were only used in rooms with a lot of moisture, traffic, rough and tumble. Now, you can use tiles to beautify your living room, make your bedroom more dramatic and so on. With tiles having so many different textures, colors and designs, the possibilities are also endless for tile flooring ideas.
You can go with one kind of tile when you want flooring that is durable and beautiful. You can also mix and match different materials too. Together with your imagination and creativity, you can create a flooring design that’s unique to your home and give the rooms of your house a great personality, your personality. To make sure you utilize the wide selection of tile flooring ideas, you have to know about the various kinds of tiles that you can work with to install on your floor.
First, you have porcelain tiles. These tiles are made by firing at high temperatures. They are also very dense and moisture resistant. You can purchase porcelain in a variety of shades and colors. Porcelain tiles are the most expensive though but with them you have tile flooring ideas that can mimic stone and other materials.
You also have ceramic tiles. This kind of tile is the inexpensive way to achieve the look of granite or marble floors. They can give the effect of having water on your floors that’s oh so dramatic. Another kind of tile you can use as flooring is metal tile. These are either industrial gratings or stainless steel. If you want your floor to have the look of brass, bronze or steel, this is the one to go for. You can mix and match this tile with other kinds of tiles to accent the floor and create a point of interest in the room.
One of the most traditional flooring ideas to go for is using terracotta tiles. You can get a handcrafted look for your floors with this kind of tile. You can use it in the regular square shape or get ones in octagon shapes, etc. Put a picture on your floors with mosaic tiles. You can make a pattern or lay them out randomly for a unique design. Lastly, you’ve got glass tiles. These can be used as tile flooring ideas to give a quality finished look to any room.
Posted on May 21, 2017
Interior design allows people to decorate their homes so it looks both inviting and relaxing. These modern interior design ideas should help you begin the process.
Interior decorating involves a diverse area of interests, including painting, carpeting, wallpaper, tiling, lighting fixtures, furniture, and art forms such as paintings or other miscellaneous ideas. The definition of modern interior design ideas is constantly evolving. There are new design styles coming out almost every day. An individual can feel free to express their tastes and personal flair in their home’s interior in many ways these days.
It is not necessary to have a large home in order to accommodate a lot of nice furniture and fixtures. For example, a smaller space can be accommodated by using a bookcase within a wall so that you use less floor space. If you desire a stylish home then all you need is some creativity. Some basic guidelines on modern interior design ideas follow.
Before you actually purchase anything, imagine how you will want each room to look. Think about what you want to accomplish. Start with the main features as the smaller details will depend upon these. Take note of lines and shapes. Every room has its own qualities. Notice how the textures already create a visual effect. Maybe you are doing a family room that will be full of children and pets. The fabrics, paint color, and lighting for this action-oriented room will be different from the needs of a quiet bedroom. Starting out like this will be the simplest and most economical method for decorating your home.
Some things you can begin thinking about are linens, furniture, wallpaper, and lampshades. Keep these items within your budget as it is not necessary to spend a lot to look good. If you have money to work with, you might even consider moving a wall or adding another room.
One popular style of interior design is called art deco. In this style, many lines are used in an angular, yet beautiful fashion. The color scheme is vibrant.
Asian style design is quite popular. It is bold and very colorful, and is also great for maximizing small spaces. The furniture tends to be carved wooden designs along with hand-painted details. Accessories usually feature animal motifs.
There is also something called an eclectic style of interior design. This uses a combination of different styles that makes a very unique appearance and allows you to be creative.
Lighting is a big part of home design. Look into different types of lighting such as Victorian lamps, ceramic lamps, recessed lighting, and track lighting. After all, the light that shines in a room is a huge part of the overall effect. Sometimes the lamp you choose, such as a fancy chandelier, can be the focal point of a room.
A great place to start your search for design ideas is on the internet. You can even purchase items right away. Go through magazines and clip out what you like. Also consider an interior designer for ideas that work best for your home.