Home Owner’s Resource

Nov 13, 2014

Is Buying or Renting Right for You?

Homeownership builds wealth

Learn more about building wealth through home ownership by entering to win this month’s real estate book.
Beginner’s Guide to Building Wealth Buying Houses.

Homeownership is not for everyone, but it may be the best way for most working families to build long-term financial security and independence. Here are three simple ways homeownership builds financial security for you and your family.

  • Equity: The principal amount included in your monthly mortgage payments reduces the outstanding loan building equity you would not have from monthly rent payments.
  • Appreciation: While real estate markets may experience temporary downturns, homes typically appreciate in value. Over time your wealth grows as your home becomes more valuable.
  • Tax Savings: You build wealth when you have a mortgage because the Federal government allows a tax deduction for all the interest you pay on your mortgage. You build wealth by paying less in taxes each year you pay mortgage interest.

Which route is right for you? Ultimately, the answer depends on your financial situation, your future plans and the lifestyle you wish to live.

Learn more about the benefits of homeownership enter draw for this month’s free book.
Beginner’s Guide to Building Wealth Buying Houses

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By OD Blogger Home Owner's Resource, Real Estate No comments

Nov 4, 2014

IS FHA Home Flipping Waiver About to End?

That’s an important question for buyers, sellers, investors and realty agents who’ve taken part in a nationwide wave of renovations and quick resale using Federal Housing Administration-backedOD_Blogger loans during the last four years.

The answer is yes — get your rehabs done soon. The federal agency whose policy change in 2010 made tens of thousands of quick flips possible — is about to shut down the program.

In an effort to stimulate repairs and sales in neighborhoods hard hit by the housing crisis and recession, FHA waived its standard prohibition against financing short-term house flips.

Under the waiver of the rule, you could buy a house, fix it up and resell it as quickly as possible to a buyer using an FHA residential loan — provided that you followed guidelines designed to protect consumers.

According to FHA estimates, about 102,000 homes have been renovated and resold using the waiver. The program has done its job, stimulated billions of dollars of investments, stabilized prices and provided homes for families who were often newcomers to ownership.

Even though the waiver program has functioned well, officials say, inherent dangers exist when there are no minimum ownership periods for flippers. Officials say it’s time to revert to the more restrictive anti-quick-flip rules that prevailed before the waiver:

The 90-day standard will come back into effect after Dec. 31.

Source: Ken Harney, The Nation’s Housing

 

By OD Blogger Home Owner's Resource, Real Estate No comments

Sep 24, 2014

How to Fix a Slow-Filling Toilet — Home 101

Lowe’s Home 101 experts, Joel and Courtney, show what to look for if you have a slow filling toilet tank.

As part of Lowe’s REALTORS® benefit program we bring you some creative ideas for maintaining your home.  Be sure to visit often to view e-newsletters loaded with helpful home improvement tips, and more….

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By OD Blogger Home Owner's Resource, Real Estate No comments

Aug 29, 2013

Oviedo Florida Important Roadway Bulletin

Oviedo Home Search

Public Works is installing sidewalk on the south side of Mitchell Hammock Road between SR 434 and Clara Lee Evans Way. Concrete will be poured today between 9:30am and noon. Therefore intermittent single lane closure on eastbound Mitchell Hammock Road will occur. Maintenance of traffic (MOT) will be in place.  

As always, If you are driving in the area please be aware of your surroundings and traffic. Thank you!

By OD Blogger Home Owner's Resource, Real Estate No comments

Aug 8, 2013

Seminole County FL – Home Buyer’s Resource

OD_BloggerResidential Solid Waste Management ……..

Seminole County provides collection, recycling and disposal services for residential solid waste throughout the unincorporated area of the county. These services are funded by assessments collected annually via property tax bills. The annual assessment for collection and disposal services is billed in advance of the service calendar year.

Collection and recycling services are provided through contracted service providers [referred to as “Haulers”]; disposal services are provided at facilities owned and operated by Seminole County.

The Solid Waste Management Division of the Department of Environmental Services provides management of collection service contracts and the day-to-day operation of the disposal facilities. For collection & disposal related information and customer service, contact:

The Department of Resource Management facilitates the financial management of these services, including the levy of assessments and service option record management. For service rates, service options, and other assessment related information and customer service, contact:

Collection services for New Residential Dwellings begin when the construction is completed and a certificate of occupancy issued. Specific collection days and routes are established for each area of the county.

Depending on the route assignment, household garbage is collected either Monday & Thursday or Tuesday & Friday for service options that include two collection days per week. For options with one collection day per week, collection is either Thursday or Friday. Yard Waste collection is Wednesday for customers with service Options 1 or 3. Recycling collection day varies throughout the County.

For more information visit http://www.seminolecountyfl.gov/envsrvs/solidwaste/index.aspx
call 407-665-2260.

By OD Blogger Home Owner's Resource, Real Estate No comments Tags: ,

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