Selling Home & Garden
Home Buying - Home Buying and Home Selling Advice - Buying a Home You are here: About > Home & Garden > Home Buying / Selling Home & Garden Home Buying / Selling Essentials 10 Things Home Buyers Shouldn't Do Best Tips for First Time Home Buyers "Must-Do" Tasks Before You Sell How to Buy a Home, Step by Step For Sale by Owner Advice Articles & Resources How To Buy a Home How To Sell a House Celebrity & Historic Credit Reports & Scores Design & Remodel Home Maintenance Inspections & Appraisals Investing & Foreclosures Modular & Manufactured Mold, Radon, Lead, etc. Mortgage Advice Moving & Relocation Real Estate Careers Real Estate For Sale Vacation Homes Buyer's Guide Before You Buy Top Picks Home Buying Books Foreclosure Books Mortgage Books Product Reviews Forums Help FREE Newsletter Sign Up Now for the Home Buying / Selling newsletter! See Online Courses Search Home Buying / Selling From Janet Wickell , Your Guide to Home Buying / Selling . FREE Newsletter. Sign Up Now! Getting Ready to Sell Your House Guests and lots of activities make it difficult to show a house during the holidays, so home owners sometimes put off selling their homes until after the first week in January, when life starts returning to normal. If you're in that category take some time to evaluate the condition of your home before you list it with an agent or sell it by owner . Be sure to analyze your situation to determine if selling is your best move, then think about the home's curb appeal and get the interior and exterior in tip-top shape . It's not a bad idea to do a few inspections to make sure the house is ready for potential buyers. Handle as many tasks as you can now and you'll find that the sales process will be a breeze. Monday December 26, 2005 | permalink Before You Buy Gas Logs Gas logs are growing in popularity every year, so manufacturers have geared-up to offer us a wide selection of appliances. You'll find gas logs to put in a hearth, freestanding gas stoves, and fully contained fireplace units that are mounted to a wall. But did you know that the dangerous gas byproducts produced by gas logs is not always vented to the outside? It's important to understand the differences between vented and vent-free logs before you buy a gas log fireplace. Saturday December 24, 2005 | permalink Pros and Cons of Becoming a Real Estate Agent You've decided you want to become a real estate agent, but what's your motivation? Do you understand the type of work real estate agents do and are you savvy about the true pay they receive for their work? It can be a rewarding career choice, but it's definitely not the best option for everyone and there are lots of things to consider before you decide that a real estate career is right for you. Wednesday December 21, 2005 | permalink Step-by-Step Directions Help You Measure Square Footage Each year, home owners discover that their new home's square footage is not the figure that was stated when the house was advertised. Owners sometimes decide to sue the people who were involved in the transaction, especially if the difference is significant. Real estate agents and for sale by owner sellers can reduce their risks of encountering a lawsuit by knowing how use accepted standards to measure and calculate a home's square footage . Get it right the first time so that everyone's happy with the results. Wednesday December 21, 2005 | permalink Buying Land for Your New Home If you've looked and looked, but can't find the perfect combination of land and house, maybe it's time to consider building. And while buying land for your new home can seem intimidating at first, you'll find it really isn't a horrible task if you fine-tune your wants and needs before you start searching for real estate. Tuesday December 20, 2005 | permalink Buying a Home with Great Resale Potential A few generations ago it wasn't unusual for people to live in the same home for many years, somtimes the rest of their lives after becoming homeowners. We're more mobile today, always "moving up" to a larger house or relocating to a new town. So it makes sense to put some thought into buying a home with good resale value , one that will sell easily and put extra dollars in your bank account if you do decide to move. Tuesday December 20, 2005 | permalink What's a Quit Claim Deed? Home buyers usually receive a general warranty deed when they purchase real estate, because it's a type of deed that offers several guarantees from the seller that the title to the property is good. Another document that's sometimes used is a quit claim deed . It works perfectly for some situations, but it's important to understand the limitations of a quit claim deed before accepting one when you purchase real estate. Friday December 16, 2005 | permalink How Credit Scores Are Calculated Everyone looking for a mortgage to buy a home--and that's most of us--finds out right away that credit scores play a huge role in the types of loans and interest rates that are offered to them. It's helpful to study your credit reports and scores before you apply for a mortgage, and to do it as early as possible to give yourself time to correct errors before a lender takes a look. Wednesday December 14, 2005 | permalink Moving Tips and Timeline Buying a home is exciting, but let's face it... moving is a chore. A big one. The only way I know to get through it without an excess of stress is to manage the moving process in little steps instead of letting it overwhelm you at the last minute. Start early and stay organized and you'll be ready for the moving truck before you know it. Monday December 12, 2005 | permalink Typical Home Buyer Closing Costs Closing costs are the expenses associated with buying real estate. You can expect to pay a large chunk of your closing costs the day the trasaction is complete, when the property becomes yours, but some closing expenses are nearly always paid before that day. There's no single set of expenses that every home buyer must pay--every transaction is different--but it's a good idea to become familiar with typical closing costs so that you'll have a better understanding of the items billed to you on your HUD-1 settlement statement . Wednesday December 07, 2005 | permalink Display Latest Headlines | | | Read Archives powered by Movable Type Important disclaimer information about this About site. 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Around About Oprah's Life Vacation Ideas Shop Safely Online VIDEO: Craft Rooms VIDEO: Christmas Traditions What's Hot Coping with Unethical People How To Buy Land Real Estate Appraisal Before You Buy a Log Home Package Home Buying / Selling - GuideReviews Headlines Getting Ready to Sell Your House Guests and lots of activities make it difficult to show... Before You Buy Gas Logs Gas logs are growing in popularity every year, so manufacturers... Pros and Cons of Becoming a Real Estate Agent You've decided you want to become a real estate agent,... Step-by-Step Directions Help You Measure Square Footage Each year, home owners discover that their new home's square...
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vacation rental properties by owner, vacation homes for sale by owner, vacation rental, fsbo - PPBO Paradise Properties by Owner, Sanibel Island Vacation Rentals, Florida Vacation Rentals, Sanibel Rentals PARADISE PROPERTIES BY OWNER Vacation rentals for rent by owner and homes for sale by owner Current Property Owners: HOME SEARCH BROWSE OWNERS AREA ADD LISTING NEWSLETTER CONTACT ABOUT LINKS Vacation Rental Properties by Owner PPBO is your source for vacation rentals by owner & vacation homes for sale by owner. Do you own a vacation rental property? Add it to PPBO for the world to see! Click here. Search Vacation Rentals List Your Properties Search Properties For Sale Attention Renters! Find the perfect vacation rental today! View Specials & Discounts. Attention Property Owners! Rent or Sell your property for only $9.95/month! Attention Buyers! Find luxury homes and properties for sale by owner! Go Directly to Property Id: Owners Get a Free Availability Calendar! 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Not finding what you are looking for, try searching: home - search - browse - owners area - add listing - edit listing - --- contact - about - link exchange - helpful sites - site map - privacy policy renters resources - buying tips - selling tips - scam alerts - link policy - terms of use - resources - 2 - 3 - 4 - special offers vacation rental advantages - pet friendly vacation rentals - vacation travel tips Web Site Design & Hosting: Virtual Softworks, Inc. Sanibel & Captiva Vacation Rentals Featured Listings: Look through our list of properties from our finest listings. Property Search: When looking at homes for sale or for rent whether in Sanibel or elsewhere, you will want to see the entire our inventory. Properties for Rent: If you want the best rental properties for Sanibel or elsewhere, look at here. List Your Property: Paradise Properties By Owner offers state of the art Internet advertising and marketing for your property. About Paradise Properties By Owner: Paradise Properties By Owner is your nationwide online guide to vacation rentals, long term property rentals, investment property sales and home and condominium sales offered directly to you by the property owners. Contact Us: Click here to e-mail us. We'd love to assist you with your purchase, sale or rental. Vacation Homes The vacation store with everything from buying to building to furnishing your vacation home. Articles, information, vacation home designs, remote control and monitoring, furniture, sports, leisure and more. Home For Sale by Owner - Homes for sale by owner from all over the world to small towns. Travel - Directory of travel information and resources, discount ticket resources, hotel information real estate new homes real estate foreclosures home for sale apartment rentals roommates vacation rentals timeshares mortgage guide
Home Loan Bank of
Welcome to the Home Loan Bank of New York ----commented out ------- MEMBER LOGON From the President December 29, 2005 2005: A YEAR OF ACCOMPLISHMENT We have completed a year in which the Federal Home Loan Bank of New York achieved a number of distinct and transforming accomplishments. Completed SEC Registration One of the most significant and transforming of the accomplishments occurred in late August. After three years of preparation and hard work, the registration of the Banks stock under the Securities Exchange Act of 1934 was declared effective by the SEC. The Home Loan Bank became one of only two banks in the Home Loan Bank System to satisfy the registration requirements of the SEC within the time frame set by our regulator, the Federal Housing Finance Board. The Home Loan Banks filings with the SEC are available on the SECs EDGAR system, accessed at http://www.sec.gov/edgar.shtml . If you have not done so, I encourage you to review these reports containing detailed financial and other information about the Bank. Completed Capital Exchange With the completion of the SEC registration process, the Home Loan Bank then proceeded with the implementation of the new Capital Plan. Prior to the opening of business on December 1, outstanding shares of capital stock owned by the Home Loan Bank of New Yorks community member stockholders were automatically exchanged for shares of the Banks new Class B stock. The new Capital Plan was mandated by the Gramm-Leach-Bliley Act, and more closely ties member capital requirements with advance usage. Improved Financial Results In addition and more importantly, the Home Loan Bank continued to achieve solid financial results in 2005. The Bank manages to a risk/reward profile that generates sustainable and predictable earnings. For example, we continued with a low-risk, tightly controlled, conservative approach to investing in Mortgage-Backed Securities. At the same time, we also remained a member-focused, advances-oriented Home Loan Bank: approximately 75% of the assets of the Bank are in the form of advances to our members. Only a few other Home Loans rival this high percentage. Further, advance demand has remained solid. In November 2005, advances averaged $60.9 billion, down slightly (about $600 million) from October 2005. We ended the month with $61.4 billion in advances on our books. Product innovation has continued in the area of advances. In June, the Bank introduced the Fed Funds Floating Rate Advance, a new adjustable alternative for members. The "Fed Funds Floater" Advance is designed to help fund a portion of members' cash positions. The products rate is tied to the Fed Funds rate and resets daily. The Home Loan Bank also furthered its record of providing a fair return on our members capital investment. In fact, profits improved over 2004 and the Home Loan Bank is now providing among the highest capital investment returns in the Bank System. At the same time, the level of pre-dividend retained earnings increased more than 22% from the 2004 year-end balance to approximately $273 million at the end of November. As we total up the results for the full year, I want to express my personal appreciation to each stockholder for the business you brought to the Bank in 2005. We are here to help our members play a key role in the delivery of housing and community financing. With an outstanding Board of Directors, a solid management team, and a dedicated staff, we have set the course and put in place the plans that have made the FHLBNY an exemplary organization. The Home Loan Bank team is dedicated to providing quality services, and we look forward to maintaining a high level of service in 2006. In closing, we value your relationship with the Home Loan Bank and we are ready to assist you in meeting your commitments to your customers. And we appreciate the opportunity to serve you. All of us at the Home Loan Bank wish you and yours the very best in 2006! Sincerely, Alfred A. DelliBovi President & CEO FHLBNY UPDATES December Edition 4-Year Floating-Rate Advances Priced at 3-Month LIBOR Plus 2 Basis Points! Convertible Advances at FHLBNY Repo Convertible Advance Rates FHLBNY NEWS With the filing of an amendment to its registration statement on Form 10 on August 29, 2005, with the Securities and Exchange Commission under the Securities Exchange Act of 1934, the HLB became an SEC registrant. Federal Home Loan Bank of New York Implements Risk-Based Capital Plan Capital Exchange Information Statement and Capital Plan View the Capital Exchange Webinar Capital Exchange Webinar Slides SITE HIGHLIGHTS 1LINK sm MPF PROGRAM FIRST HOME CLUB sm AFFORDABLE HOUSING PROGRAM 2005B ROUND APPLICATION PACKAGE QUICK LINKS B ank Forms Application for an OLOC line Site Best viewed in Internet Explorer 4.0+ browser and at screen resolution of 800x600. General Terms and Conditions of Use | Privacy Policy | Forward-Looking Statements Our friendly lawyers have asked us to tell you that visitors remaining in session with this site IMPLICITLY CONSENT to our General Terms and Conditions of Use and our Privacy Policy, and ACKNOWLEDGE our Cautionary Language Regarding Forward-Looking Statements. Please exit this session if you do not agree with the foregoing. 2005 Federal Home Loan Bank of New York, 101 Park Avenue, New York, NY 10178. All rights reserved .
Home Mortgage Insurance U.S.
FCIC: The Guide to Single Family Home Mortgage Insurance Return to Federal Citizen Information Center Home Page Printer-friendly page -- Guide To Single Family Home Mortgage Insurance U.S. Department of Housing and Urban Development Office of Housing Office of Single Family Housing www.hud.gov espanol.hud.gov Revised February 2005 Becoming a Homeowner Many people in the United States dream of owning their own homes,but few are able to pay cash for them. Many individuals and families whocould not otherwise afford to own a home become homeowners with thehelp of the Federal Housing Administration (FHA) mortgage insurance programs. FHA is a part of the U.S. Department of Housing and Urban Development (HUD) . One of the chief purposes of FHA is to help people obtain financing to buy their homes. This booklet can help homebuyers understand how they can make use of FHA mortgage insurance programs. It explains: How FHA mortgage insurance works Who can get FHA mortgage insurance How to shop for a HUD-approved lender How to apply for an FHA-insured mortgage loan What restrictions apply to FHA-insured mortgage loans Buying a home is the biggest single purchase that most people will make in their lifetimes. Most people borrow money through a mortgage loan to buy a home. Some people reduce the amount of money they borrow by making a large downpayment on the loan to buy a home. Persons who do not have money for a large downpayment may need the help of an FHA-insured mortgage to get a loan. MortgageA legal document that promises a property to the lender as security for payment of a debt. Here is more information about mortgage loans. DownpaymentThe part of the purchase price that a buyer pays in cash and is not included in the mortgage. How FHA Mortgage Insurance Works FHAs mortgage insurance programs help low- and moderate-incomeindividuals and families obtain financing to buy homes or refinance theircurrent mortgages. FHA mortgage insuranceallows a homebuyer to make a low downpaymentand get a mortgage loan for the balance ofthe purchase price. The mortgage loan is made by a HUDapproved lender, such as a bank, mortgage company, or credit union. FHA insures the mortgage and pays the lender if the homebuyer defaults on the loan, or fails to repay the loan. FHA/HUD does not make direct loans to people who want to buy, build, or refinance homes. Who Can Get FHA Mortgage Insurance If you are buying a home, refinancing a mortgage for a home youalready own, or making home improvements, you may qualify for anFHA-insured mortgage. In fact, almost anyone who has a satisfactory credit record, enough cash to close the loan, and sufficient steady income to make monthly mortgage payments can be approved for an FHA-insured mortgage. There is no upper age limit and no certain income level required, although individual mortgage amounts are limited by law. Generally, homebuyers must live in the home in order to get an FHA-insured mortgage loan. The program is not open to investors. To find a HUD-approved housing counseling agency near you, call the HUD housing counseling and referral line toll-free at 1-800-569-4287 or visit the HUD website at www.hud.gov . To find a HUD-approved lender , search online at www.hud.gov . You can also find lending institutions in the yellow pages of the telephone directory under the heading Mortgages. To find out if you qualify for an FHA-insured mortgage loan, youshould visit a HUD-approved housing counseling agency or a HUD-approved lender , such as a bank, credit union, or mortgage company. The housing counselor or lender will look at certain information about your income and spending to determine if you qualify. Federal law prohibits housing discrimination based on your race, color, national origin, religion, sex, family status, or disability. How FHA Mortgage Insurance Can Help You Whether you are buying a home, making home improvements, or refinancingyour current mortgage, you should work with a HUD-approvedlendersuch as a bank, a mortgage company, or a credit unionto applyfor a mortgage loan.Once your loan isapproved, FHA willinsure the loan and paythe lender if you defaulton the mortgage.Because the lender isprotected by this insurance,the lender cangive you better termson your loan. A lower downpayment Some lenders require borrowers to pay 10 percent or more of the price of a home in cash as a downpayment. With FHA-insured mortgages, your downpayment can be as low as 3 percent. The lender will likely require you to prove that you have enough money for the loan downpayment. Use of cash gifts toward downpayment With an FHA-insured mortgage, under certain circumstances you can use a gift from a relative, a local nonprofit organization, or a government agency for all or part of the downpayment and closing costs. The Kinds of Homes Covered by FHA Mortgage Insurance FHA-insured mortgages are available in urban and rural areas for: Single family houses Houses with two, three, or four units Condominium units Houses needing rehabilitation In addition, FHA-insured mortgages are available for reverse mortgages for seniors, called a Home Equity Conversion Mortgage . To make sure that its programs serve low- and moderate-income people, FHA sets upper limits on the dollar value of the mortgage loan. These limits change every year and vary by city and state. Check with a local lender or look online on HUDs website, www.hud.gov . Shopping for an FHA-Insured Loan Since buying a home is one of the most important purchases you willmake in your lifetime, HUD recommends you visit a HUD-approved housing counseling agency where a counselor can help you compare loansand give you homebuying tips. You can find counseling agencies by callingthe HUD housing counseling and referral line toll-free at 1-800-569-4287 or visiting the HUD website at www.hud.gov . You can also findHUD-approved lenders on the HUD website. Your house hunting and homebuying experience can be easier when you become pre-qualified for a loan. To become pre-qualified, you will complete a pre-qualification loan application. When a lender pre-qualifies you, the lender tells you the maximum amount of money you can borrow to buy a home. With that information, you can spend your time looking at homes that you can afford rather than ones that are too expensive. Some lenders may charge a fee for pre-qualification, so you should ask about fees and compare two or more lenders. You should shop for an FHA-insured mortgage loan the same way you shop for any high-cost itemcompare prices and features. The cost of getting a mortgage can vary from one lender to another, so compare these features when you are comparing lenders: Interest rate Discount points Closing costs and other fees Annual percentage rate FHA/HUD does not set the amounts for the above factors. You can negotiate with the lender and come to agreement on the interest rate, points, and most processing fees. Interest Rate You can negotiate with your lender on the interest rate that you will pay for your mortgage. Interest rates fluctuate daily, depending on conditions in the mortgage market. FHA recommends that you check with several mortgage lenders to make sure you get the best interest rate available. Discount Points Lenders can charge you discount points when the interest rate is lower than the yield required by investors who buy mortgage securities. A discount point is $1 for every $100 of the mortgage loan amount. The number of points charged varies in different places at different times and among different lenders. Discount points for an FHA-insured mortgage may be paid by you as the homebuyer, by the homebuilder, or by the person selling the house. Closing Costs and Prepaid Items When your loan is finalized, you will have to pay closing costs. Closing costs are costs in addition to the price of the property that are paid when you close your loan to cover the transfer of ownership. A mortgage loan is made up of two parts: principal and inter- est. Principal is the amount of money borrowed to buy your home. Interest is the amount paid for the privilege of borrowing the money and paying it back later, usually over 30 years. When the borrower pays the mortgage each month, some of the amount goes toward paying the principal and some toward interest. Equity is an owner's financial interest in a property. It is the difference between the amount still owed on the mortgage loan and the fair market value of the property. Closing costs are generally made up of thefollowing: Closing agents or attorney fees Interest paid from date of closing through the end of the month of closing Loan origination fee to cover lender administrative costs Credit report fees Appraisal fees Recording fees Survey fee First mortgage insurance premium Title insurance (yours and your lenders) Certain of these closing costs, as well as certain of the prepaid items listed below, may be paid by the seller, or shared between the borrower and the seller, depending on the terms of the sales contract. Prepaids are advance payments (property taxes, first annual premium for homeowners insurance, etc.) made at closing by the borrower that may be placed in an escrow account and used by the lender to pay these bills as they become due. The property tax you will pay is the amount that the state or locality, or both, assesses as a tax on your piece of property based on the value. While the property taxes due at closing are usually covered in your prepaids, your mortgage payment will also include an amount to pay future taxes as assessed by your state or locality. These tax rates vary by area and typically increase over time. Homeowners insurance combines hazard insurance and lia- bility insurance. Hazard insurance covers property damage caused by fire, wind, storms, and other similar events. Coverage for earthquakes and floods may or may not be included with hazard insurance, and you should check with your insurance carrier to determine if this is included in your policy. Liability insurance coverage protects you against claims alleging negligence or inappropriate action resulting in bodily injury or property damage. Annual Percentage Rate The Truth in Lending Act requires the lender to tell you the annualpercentage rate (APR) charged on your home mortgage. The annual percentagerate is calculated by adding the interest rate, the discount points,the initial service charge, the premium paid to insure the mortgage, andcertain other charges collected by the lender. The APR is not the sameas the mortgage loan interest rate. The Cost of FHA Mortgage Insurance When you get a mortgage loan insured by FHA, you have to pay an up-front insurance premium, which can be included in the loan you get through a lender. You will also have to pay a monthly insurance premium that is added to the regular mortgage payment. FHA uses the premiums to pay the lender if you default on your mortgage. The Importance of Getting a Home Inspection Buying a home is one of the most important purchases you will make in your lifetime, so you should be sure that the home you want to buy is in good condition. A home inspection is an evaluation of a homes condition by a trained expert. During a home inspection, a qualified inspector takes an in-depth and impartial look at the property you plan to buy. The inspector will: Evaluate the physical condition: the structure, construction, and mechanical systems. Identify items that should be repaired or replaced. Estimate the remaining useful life of the major systems (such as electrical, plumbing, heating, air conditioning), equipment, structure, and finishes. After the inspection is complete, you will receive a written report of the findings from the home inspector, usually within five to seven days. FHA does not guarantee the value or condition of your future home, and FHA does not perform home inspections. If you find problems with your new home after closing, FHA cannot give or lend you money for repairs, nor can it buy the home back from you. Thats why it is so important for you, the buyer, to get an independenthome inspection. You should remember that an inspection is differentfrom an appraisal, which also will be performed as part of the mortgageprocess. Ask a qualified home inspector to thoroughly examine the physicalcondition of your future home and give you the information you needto make a wise decision. Information Resources You may want more information for yourself, your family, or others.The following services are available to help you. Internet www.hud.gov or espanol.hud.gov HUDs website contains comprehensive information about homebuying, homeownership, selling a home, making home improvements, and other housing-related topicsin English and Spanish. HUD-Approved Housing Counseling Agency Locator HUD supports a network of approved housing counseling agencies that provide counseling services across the nation. For a complete list of HUDapproved agencies in your area, call the HUD housing counseling referral line toll-free at 1-800-569-4287 or visit the HUD website at www.hud.gov. HUD-Approved Lenders A searchable database of HUD-approved lenders, including banks, mortgage companies, and credit unions, is available on the HUD website at www.hud.gov. HUD Customer Service Center 1-800-767-7468 (TTY: 1-800-877-8339) https://webapps1.hud.gov/dds/ Most of the information products developed by HUD are available from HUDs Customer Service Center by calling toll-free 1-800-767-7468 (TTY: 1-800-877-8339) weekdays between 8:00 a.m. and 5:15 p.m. EST. Written requests should be addressed to: U.S. Department of Housing and Urban Development Customer Service Center Room B-100 451 Seventh Street, SW Washington, DC 20410 You may fax requests to (202) 708-2313. Return to Federal Citizen Information Center Home Page Printer-friendly page --
Real Estate Agent
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