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Mortgage Raleigh NC – Small Home Remodeling Projects That Add Big Value

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Mortgage Raleigh NC – Small Home Remodeling Projects That Add Big Value

The slow economy and sluggish real estate market have caused many homeowners to rethink their options when it comes to bigger, better, or more desirable in the housing arena. For the first time in a couple of decades, home remodeling is taking precedence over selling. Homeowners are looking for ways to improve their homes and find creative solutions to add more space, better design, and updated style. Projects that satisfy the needs take priority over jobs that satisfy the wants.

Here are a few ideas on how to add value, both functionally and financially, to your home through small remodeling projects that won’t break the bank.

1. Emphasize the design. Architectural accents, such as crown molding in the living room, a chair rail in the dining room, or wainscoting in the bathroom add appeal and value to any home. Dress up a ceiling-mounted light fixture with a medallion or add molding to any room.

2. Add a fireplace. A fireplace is one of the most desirable features for many homeowners. It creates a focal point in the room and makes your house truly feel like home. Choose a surround that matches the room’s design, colors, and architecture. Classic wooden mantels are always in style, but painting the mantel black or espresso can create a more modern look, and it can be easily repainted white in the future to create a more traditional look.

3. Install a bay window. Replacing a standard window with a bay window makes a room feel larger, creates a focal point, and lets in more natural light than traditional alternatives. To bring attention to the new window and add function to the room, consider adding a built-in window seat with a bench that doubles as storage. The seat will be a cozy reading spot for you and an architectural point of interest for future buyers.

4. Refinish or add hardwood floors. Refinishing tired-looking hardwood floors will change the look of the room in a big way and add value to your home. If the floors are heavily stained or damaged, replacement may be in order. Replacing carpet or tile with hardwoods to continue the uniform look throughout the room gives the space a more open and unified look.

5. Install new lighting. Well-placed lighting over the sink, under cabinets, or over an island can make a huge difference in the look and ambiance of room. Future buyers will appreciate updated, cozy, and inviting lights throughout the house. This is one of the least expensive updates that will change the look of your home dramatically.

6. Update kitchen countertops. Updated kitchen countertops always make it to the top of the wish list for homebuyers and homeowners. Granite is still the most requested material, but it can be pricy. At $29-$69 per square foot, it may be out of the price range for some. If granite is beyond your budget, consider laminate. It will give you the look of natural stone without the price tag. If you are looking for an urban and modern look, consider cement countertops.

7. Install a second sink. Your morning routine will improve immensely just by adding a second sink to your bathroom. If you don’t already have one, adding a his-and-her vanity is one of the best investments you can make to your home, not just for yourself, but for future buyers as well. The addition of a second sink will typically involve some plumbing work and a new vanity or vanity top. If there’s room to install two separate sinks within 30″ of each other, the two can share drainage and supply lines, which will decrease costs.

8. Add a deck or porch. Adding a new, spacious deck or improving your existing structure will give you a solid return on your investment. It will provide a great space for entertaining, a cozy place to relax with your favorite beverage, or a wonderful space to exercise your gardening or exterior design ideas. Front porches are back in business, especially if there’s room for a bench or chairs to welcome guests to your home. If you plan to entertain there, make sure that your porch has at least 12′ X 24′ of space.

Mortgage Raleigh NC – Small Home Remodeling Projects That Add Big Value

Mortgage Rates Raleigh

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Mortgage Rates Raleigh – What a ride. The stock market took a huge plunge today on news of global concern about slowing economy and further troubles in Europe and Japan. European Central Bank bought debt in their attempt to quiet down the markets; the investors reacted in quite the opposite way. As a result, your 401K will most likely look lighter than it was last quarter. But no worries. What you lost in your stock based portfolio you can make up in monthly savings by refinancing your home. Mortgage Raleigh in Raleigh NC are unbelievably low. And I mean lower than we have seen even back in 2008.

If you want to gain a general idea of where the mortgage rate head, the simplest way to do it is to watch take a look at a 10 year bond on http://money.cnn.com under Bonds & Currencies. The lower the yield on a 10 year bond, the more likely the mortgage rates in Raleigh NC are going down.

Tomorrow, the unemployment rates will be released and the world is awaiting to see a reaction from the investors. In my opinion, the gains, if any, will be insignificant. I do not presume that any gains in the job market will erase fear about what appears to be a global economy in a free fall.

But there is a silver lining in this whole situation; Mortgage Rates Raleigh will remain low and who knows, we may even see a further fall. This will be a great time to revisit your current mortgage situation at a no cost, no obligation phone consultation.

Mortgage Rates Raleigh are the best we have seen in a very long time – don’t loose the chance to lower your payment and save money every month.

Mortgage Companies in Raleigh fight for clients

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Mortgage Companies in Raleigh fight for clients – Wow, what a week for mortgage companies in Raleigh! It has been a real roller coster. Stocks up, stock up. Mortgage rates down, mortgage rates up. Is the country going to default on our debt obligatons, or is the congress going to agree on our debt strategy? Just as we thought the rates can’t get any lower – they did. And Mortgage Companies in Raleigh fight for clients. This past week we saw mortgage companies in Raleigh quoting some fantastic rates. Last week the 5 year fixed rate went down all the way to 2.625% with APR of about 2.85%. 30 year fixed hit a historic low of 4.25% APR 4.51%.

Mortgage companies in Raleigh fight for clients; we are busy refinancing loans into both fixed and ARMs products.

Mortgage Calculator Raleigh NC

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Mortgage Calculator Raleigh NC – Mortgage Calculator can be one of the most useful tools available to home buyers. So you ready to take the plunge and get a mortgage on your new Raleigh NC home or refinance your current Raleigh NC mortgage. How do you go about finding the best program to meet your short and long term financial goal?

The first thing to consider when choosing a mortgage in Raleigh NC is how comfortable you are with your payments. If you do not feel that the monthly outlay is something you can handle comfortably, it does not matter what rate you have. Even if at some hypothetical 2% you fell your mortgage is too much to handle, don’t buy a home in Raleigh just because the rate is low. Mortgage Calculator Raleigh NC is a great took to access your borrwing capacity. You must enjoy not just new home, but also a peace of mind that comes with it. Refer to our mortgage calculator Raleigh NC to easily calculate yor payments.

Next, evaluate how long you will stay in your home. Every mortgage program is different and every program answers different financial needs. If you are looking to pay your mortgage off quickly and are not payment sensitive, a 15 year fixed many be the program for you. If you feel that you will stay in your Raleigh NC home for just a few years, then an adjustable rate mortgage may be the right choice.

If the other hand you like the stability of a 30 year fixed loan and feel that the duration and the payment are acceptable, this may be the right fit for you. Mortgage Calculator Raleigh NC can be very useful and we encourage you to come back to our site often and utilize it.
Mortgage Calculator Raleigh NC Mortgage calculator can be used to determine what kind of program is suitable for your family.

Mortgage Raleigh NC and how to choose the best mortgage on your Raleigh NC home

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Mortgage Raleigh NC and how to choose the best mortgage on your Raleigh NC home Mortgage Raleigh NC, it can be one of the best decissions you will make. So you ready to take the plunge and get a mortgage on your new Raleigh NC home or refinance your current Raleigh NC mortgage. How do you go about finding the best program to meet your short and long term financial goal?

The first thing to consider when choosing a mortgage in Raleigh NC is how comfortable you are with your payments. If you do not feel that the monthly outlay is something you can handle comfortably, it does not matter what rate you have. Even if at some hypothetical 2% you fell your mortgage is too much to handle, don’t buy a home in Raleigh just because the rate is low. You must enjoy not just new home, but also a peace of mind that comes with it.

Next, evaluate how long you will stay in your home. Every mortgage program is different and every program answers different financial needs. If you are looking to pay your mortgage off quickly and are not payment sensitive, a 15 year fixed many be the program for you. If you feel that you will stay in your Raleigh NC home for just a few years, then an adjustable rate mortgage may be the right choice.

Mortgage Raleigh NC, if on the other hand you like the stability of a 30 year fixed loan and feel that the duration and the payment are acceptable, this may be the right fit for you.

Mortgage Companies Raleigh NC – Home Affordability and how does it affect your Raleigh mortgage payments

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Mortgage Companies Raleigh NC have seen first hand the effects of home affordability in the Raleigh NC area. If you are considering buying a home in Raleigh and, like most people, require mortgage on your home, there is a great news for you: the Wall Street Journal conformed that home affordability returns to pre-bubble levels/

Your mortgage payment will be lower (you can find out what you can afford using our mortgage calculator on Raleigh homes).

Data provided by Moody’s Analytics track the ratio of median home prices to annual household incomes in 74 markets, including Raleigh NC. By that measure, housing affordability at the end of September had returned to or surpassed the average reached between 1989-2003 in 47 of those markets. Most economists believe the housing boom took off in 2003.

During the boom, lax lending and speculation pushed house-price inflation far beyond the modest rise in household income. Nationally, the ratio of home prices to annual household income reached a peak of 2.3 in late 2005. But by last September, it had fallen to 1.6, matching the lowest level in the 35 years the data have been collected and well below the historical average of 1.9 between 1989 and 2003.

“Based on incomes, this is as affordable as it gets,” said Mark Zandi, chief economist at Moody’s Analytics. “If you can get a loan, these are pretty good times to buy.”

But the bad news is that those price declines are leaving more borrowers underwater, or in homes worth less than the amount owed.

Nearly 27% of homeowners with a mortgage were underwater at the end of the fourth quarter, up from 23.2% in the previous quarter, according to data to be published Zillow, a real-estate website.

All in all mortgage affordability in Raleigh is at all times high and it makes sense to look into buying a new home in Raleigh NC, you should contact us. Mortgage Companies Raleigh NC are great source to check information related to home affordability.

Mortgage Cary NC – What is QR Code and how to use it to find a loan and check mortgage rates Raleigh NC

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Mortgage Cary NC reports:This post originally appeared on the American Express OPEN Forum, where Mashable regularly contributes articles about leveraging social media and technology in small business.

A Quick Response (QR) code is a two-dimensional code that can be scanned by smartphone cameras to automatically pull up text, photos, videos, music and URLs. It can be used to automatically input information into the Smart Phone wihtout the need to type or search. It can be a great way to store information about specific Raleigh mortgage company, mortgage rates Raleigh NC, loan programs, mortgage options, real estate in the area etc.

These codes have become mobile-friendly ways to point people in the offline space to online resources.

While already popular in Japan, consumers in the United States are just now becoming more familiar with QR codes and what to do with them.

QR Code Generators and Scanners

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quick Google search for “QR code generator” is all it takes to find a plethora of places you can go to generate your own barcodes. Consider starting first with Kaywa, iCandy or Stickybits.

Kaywa’s QR code generator is the simplest way to generate a QR code for a URL, text, phone number or SMS. Simply select your preference, enter the content, specify size and click “Generate.” Then, save the code to use elsewhere or grab the HTML to embed it online.

iCandy is a bit more robust and helps you track scans and look at analytics around generated QR codes. You can also print codes through partner services.

Stickybits is slightly different in purpose, but the service also makes it simple to create stickers for your codes, as well as inspire collective content creation from people who scan your codes.

On the scanner side of things, apps that can scan codes are available for most smartphones. Simply search your app store for “barcode reader,” or “QR code scanner,” and you’ll find several to choose from.

On the iPhone, options include QuickMark and Optiscan. On Android, Barcode Scanner is a popular QR code reader.

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If you see a QR code, just download a free application and point the phone to the code, much like if you were to scan a bar code in the grocery store and the intended info will be displayed on your phone.

Service 1st Mortgage, formerly Veritas Mortgage Funding, a mortgage education expert and a mortgage broker in Raleigh has been using the QR codes in their marketing and on their site.
Mortgage Cary NC company.

Mortgage Rates Raleigh NC Update

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Mortgage Rates Raleigh NC update: Today, the mortgage market in Raleigh NC remained right about this same as the last couple of weeks. 10 year bond which is a good indicator of how the rates may move, remained at about 3.13. Mortgage rates on Raleigh mortgages for home loan refinances or home purchases staid at about 4.5% on a 30 year fixed and 3.75% on 15 year loan.
Mortgage Raleigh Raleigh NC can always be obtained by calling our office directly at 919-260-4295

Mortgage Raleigh NC – do low mortgage rates matter in Raleigh housing recovery?

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Mortgage Raleigh NC
Nobody can argue that the mortgage rates are at historic low and real estate in Raleigh, the Triangle and quite frankly, in most parts of the country is on sale.
So why are not seeing buyers feeding to the market place and swooping homes for pennies on the dollar? After all, mortgage rates are incredibly low… .

About a year ago, the industry argued that the low rates will bring more buyers into the market place paired with the first time home buyer credit. While we saw some movement while the first time home buyer credit was available, it got very quiet after April 30th 2010. OK – money is cheap, homes are cheap, people are still moving, 9 out of 10 people have a job. No matter how low the rates are, the people are still not making buying decisions (or at least not enough of them to give the real estate market a real pump).What is going on here?

Well, it is becoming very clear that the main culprits are consumer confidence and mortgage underwriting guidelines. Let’s look at how this phenomenon can be explained to Raleigh mortgage seekers.

If the mortgage rates were 1% today, I suspect it would not prompt enough people to commit to buying a home. By way of lowering rates and keeping them very low for a couple of years now, we got a proof that no matter how cheaply you want to give away mortgages, if people do not feel confident about the future, they will not buy. A flood of foreclosures and short sales in Raleigh NC, and around the country put a serious fear of God in many wanna-be buyers. Before making a buying decision they ask themselves “will I end up like the guy down the street?” While 5- years ago buyers were willing to get whatever they wanted to, today, they will mostly spent money on what they need. Perhaps having a home is not as important for most people as the feeling of security. If and when the job market improves, we will see people opening their wallets again and buying homes, even if the rates are at 6% or 7%. Mortgage rates have not been historically linked to buyers exiting the market, unless the mortgage rates reached double digits. It is the security that the buyer’s income can and will be replaced quickly in case of employment loss that metters.

Raleigh mortgage company will typically have this same general underwriting guidelines as national banks, with some exceptions that can actually make difference between mortgage and no mortgage. These days banks shift a lot of liability on underwriters, appraisers and loan officers. As a result, you end up with many scared decision maker who will air on side of caution when rendering their decision rather than taking any kind of risk. Appraisers work through AMC or Appraisal Management Companies which are affiliated or part owned by banks. In order to do appraisals the appraiser must be approved the AMCs . As a result, the appraiser really works for the bank even thought it technically is not the case. He or she will be very conservative in their estimation of value on homes, often times making it very difficult if not impossible to obtain a mortgage loan. Raleigh has been somewhat sheltered from the huge price declines we have seen around the country but even with that mortgage in Raleigh is more difficult to get thana few years ago.

Mortgage rates Raleigh NC

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Mortgage rates Raleigh NC update: mortgage rates remain low. The Fed continues to keep their overnight lending rates at historic lows, thus causing the mortgage rates to remain low.
If you are looking to buy home in Raleigh, this is a great time to do so from two standpoints: below market home values and very low mortgage rates.

As of this writing, a 30 year fixed mortgage sits at roughly 4.5%, a 15 year fixed can be locked at roughly 3.75%, 20 year at about 4.25% and 5 year ARM at approximately 3.25%.

Mortgage Rates