QUESTION: My husband and I purchased a home in October 2010 using a Federal Housing Administration mortgage through Bank of America. We had a 30-year fixed rate mortgage with a private mortgage insurance requiring "up-front" money of $4,635.61 and a monthly premium. Luckily we were able to sell our previous home which was mortgage free and, together with savings, paid off this mortgage in February 2013 - about 28 months into the 30-year commitment. The FHA/HUD website states that a refund of some of the premium money is available if the following three criteria are met:
WASHINGTON (AP) - U.S. builders started work on fewer homes in June, mostly because apartment construction fell sharply. But applications for permits to build single-family houses rose to the highest level in five years, suggesting the housing recovery will continue.
Home cooling costs rise with the temperature, making many homeowners dread the arrival of their monthly electric bill during the good ol' summertime. Fortunately, with a few simple strategies, it's easy to cut down on cooling costs so you can enjoy summer, even through record-high temperatures.
Hey Real Estate Boys: My husband and I are thinking of jumping into the housing market and have a question about the costs of the purchase. My husband says the down payment is just that, the down payment. OK, then what other associated costs are there for us to consider? We have yet to meet with a lender and have not even thought of looking at homes, but we sure would love to own rather than rent. We both work and have saved up what we consider a tidy sum of money. Our hope is to buy something at about ...
WASHINGTON (AP) - Hundreds of thousands of homeowners facing higher federal flood insurance premiums under reforms passed last year would win a temporary one-year reprieve under a measure that began its advance through the Senate on Tuesday.
NEW YORK (AP) - U.S. homebuilders are feeling more optimistic about their home sales prospects than they have in more than seven years, a trend that suggests home construction will accelerate in coming months.
Autumn is on the way, so don't fall behind on your seasonal home repairs checklist. It pays to know which renovations to tackle now, which repairs can wait until next season, and what preventative measures can help you avoid large-scale, costly repairs.
When summer sun has you slathering on sunscreen and retreating indoors to air-conditioned rooms, it's easy to forget the winter doldrums that made you eagerly anticipate sunshine and warm temperatures. Winter snow and dreary days seem far away, and you find yourself craving a respite from too much sun.
DEAR BENNY: In a recent column you mentioned that the government in some cases is offering $1,500 to homeowners who turn over their keys and accept a deed-in-lieu instead of going through foreclosure. I can see where this is advantageous to all parties involved. How does one find out about this program?
Elegant, planet-friendly bathrooms continue to be a hot trend in home building and renovation. Bath products that respect and celebrate water have become trendier and more satisfying, proving that homeowners don't need to sacrifice comfort, beauty and luxury in order to do something good for the environment.