Home Archive

Software Help On Home Loan Ratios

By Richard Leo | Filed in Home, Technology

If you are looking to finance a loan for a home and you want to determine your house payment then there are two ratios that are usually used by lenders when figuring out how much the borrower can afford.  This process is known as pre approval of the loan.

Ratio number one is determined by looking at your total monthly income and comparing it to the total monthly housing costs.

To figure out this amount you should determine your gross monthly income.  This amount is pre tax.  Lenders will expect you to be able to pay in a range of 28 – 40% of your gross monthly income.  So lets use the 28% figure.  if your gross income is say $5000 per month then you can multiply that amount by .28 to get your monthly house payment amount.  That would be $1,400.  Therefore you would be pre approved for a payment of that amount.  If your credit rating is really good then they may use a higher percentage – say 40%.  In this case you would multiply your gross income $5000 by .40 and you would be pre approved for a monthly payment of $2,000.

Ratio number two is determined by looking at your debt in relation to your income.

The debt figure is worked out by writing down all of the monthly payments that you have that extend over the upcoming eleven months and totaling them.  These types of payments include auto loans or any other type of installment payment, credit card payments and other types of payment over a longer period.  Once you have a total for this amount then multiply your monthly income by .35.  As long as your total of debt does not exceed this amount then the ratio is in your favor.

These two ratios can be used to determine your pre approval.  Use them to get a good idea of what you can afford and what lenders can offer you.  You should also refer to a mortgage calculator which and help you with these calculations and others which will halp you determin your financing options.

Be the first to comment

Home Protection Traditions and Growing Popularity of Safes

By Richard Leo | Filed in Home

Safes are becoming more and more common to homes across the country. And while the obvious association will be that this is due to an increase in home break-ins and the associated fear, it’s actually in most cases related to the safes themselves. People have always been interested in protecting their homes , loved ones and personal valuables. Meanwhile, the manner in which they do this has depended to a large extent on economic factors as well as legal and social acceptability. And as home and property ownership expands, so does the need for protecting your own belongings. Interestingly, shotguns, bayonets and rifles were a traditional form of property protection, and they are now typically considered to be among those items that are secured in a safe.

The practice of using security safes for your own home has become extremely common primarily due to one of the above mentioned factors, their economic feasibility. Safes have improved so much in their quality, diversity and various features, meanwhile they have also become more affordable to more people over the decades. They are one of the top security devices for homes and people who wish to protect specific belongings, such as gun collections or rare art pieces and other valuable possessions. If you are considering buying a safe for your home, there is definitely a model and price that is right for your budget and needs.

Be the first to comment
Tags:

The Decision to Build a Pool

By Richard Leo | Filed in Home

Deciding to build a pool is a major commitment. It shouldn’t be an idle thought or passing fancy. Homeowners need to carefully consider many different factors before committing to what amounts to a major contruction project.

The most important question is whether you really want or need a pool. Knowing from the start why you want it and what you will use it for will make choosing size, design, location, and other features much easier. It will also help with determining the budget, as only you will know how much the intended functions of the pool are worth to you.

Next you need to consider whether you can afford to have your property and your life disrupted for the months it may take to complete the project. When estimating the actual time needed, you’ll want to take into account the design period, allow for inspection times, and then add some extra time on the end to cover unexpected delays, which are a standard part of construction projects.

Another important consideration is how you will maintain the pool and surrounding features once it’s installed. Maintenance requires both time and money, even if you hire someone to do it for you.

Once you’ve come to terms with all these factors, then it’s time to start investigating Dallas pool builders and actually begin your pool project.

Be the first to comment
Tags:

Feng Shui That Will Improve Your Home

By Richard Leo | Filed in Home

Feng Shui has been known for centuries to make homes and other spaces more livable. It is an ancient art, but with some very real affects. Here are a few tips that might make your house a little more livable.

1. Change up the color. Sometimes the color of your house is really the biggest problem and all you need is a change of paint. Or you may just need to get a different color of blinds. If you have a bad color of blinds, there are sites like Next Day Blinds that can remedy the problem quickly. If you don’t like Next Day Blind s, there are some other sites that offer blinds fast, but you will want to check out their quality and options. Remember that red tends to make people angry, orange tends to make people hungry, yellow makes people happy and energetic while blue calms people down. Paint your house for the feelings you want to set for yourself.

2. Add light to your house. This fits back in with the custom blinds that were talked about before, but if you do get new blinds, make sure that they can let the light in when you choose to. These should be open often and make sure that the light gets in. You can close them at night, but more than anything else natural light will help make your space more livable.

3. Add living energy. This can be as simple as adding some plants or a fish tank with some fish, frogs, or even turtles in it. If you are more interested in furry animals, getting a pet can also improve your living space.

4. Play positive, upbeat music. This will bring your energy levels up as well as make the house feel happier. When you start to put good energy into the house the house will continue to produce good energy, attracting it and pulling it to the surface for other people as well.

Be the first to comment
Tags: