How to pay for FHA down payment and closing costs

The FHA down payment is just 3.5% for most borrowers. As down payments go it’s certainly a lot less than the 20% up front some mortgage programs require. But is there a way to make the FHA down payment even easier?

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports http://bit.ly/2vkfuVK

Hispanic homeownership is up — especially in these areas

Homeownership among Hispanic Americans is on the rise. According to a new report, Hispanic homeownership rose to 47.1 percent in 2018 — its highest point since 2010. It also marks the biggest annual gain in homeownership for the cohort in 13 years.

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports http://bit.ly/2GzIeiv

3 Questions to Ask Before Buying a Whirlpool Tub

Content originally published and Shared from http://perfectbath.com

Are you buying your first whirlpool bathtub? Let us help you narrow down the choices. Start by asking yourself the following questions:

Will it fit in the bathroom?
Make sure to measure your bathroom before you even look at a whirlpool, including any space you might gain taking down dividing walls or showers. “Most whirlpools come in three standard sizes,” says Morey. “Five feet, five and a half and six. But you can’t just consider the tub size — they’re all designed to be dropped into a deck, and that will take up more space, with the bare minimum adding at least a half-inch to your measurements on all sides.

“If you think you’d like to hold a lot of stuff like candles and oils near the water, you’ll also need extra space on the deck,” says Morey. “If you’re over six feet tall, you may want to forfeit deck space for more tub room.” Source: HGTV

Is your current heating system enough?
If you choose to heat your whirlpool with your existing in-home heating system, make sure it can handle the amount of water needed to fill the whirlpool. With an external system, the water in the tub will get cool quickly due to the circulating jets, so you will need to frequently refill the tub with hot water. A 50 gallon quick recovery system should be sufficient.

The other option is a self-heating system. A self-heating whirlpool comes with its own internal heating system that circulates the tub water and reheats when necessary. This is a good energy-saving option and the best way to keep your water temperature consistent. Source: DoItYourself

Which type of jet should you pick?
Choose between water jets or air jets. Water-jet whirlpool tubs force water through jets, giving more pressure and a forceful massage. In air-jet whirlpool tubs, air is forced through tiny holes for a lighter massage. A combination whirlpool tub uses both, but will be more expensive and may use more energy.

• One drawback of water-jet and combination tubs is that you can’t use bath salts or oils, as these will damage the pumping mechanism.
• Another water-jet and combination tub drawback is that some water stays in the jets, and mold can develop if they’re not regularly cleaned out. Source: WikiHow

We can help you figure out which brand or type of whirlpool tub will work best for your needs. Find out more when you call us today!

 

Contact:
Perfect Bath
Phone: Toll Free 1-866-843-1641
Calgary, Alberta
Email: info@perfectbath.com

The post 3 Questions to Ask Before Buying a Whirlpool Tub appeared first on Perfect Bath Canada.

from Perfect Bath Canada http://bit.ly/2W6LBE4

May 2019 mortgage rates forecast (FHA, VA, USDA, Conventional)

Mortgage rates are dropping to new lows. May could provide some of the lowest rates seen since early 2018 or even late 2017. This is the chance mortgage rate shoppers have been waiting for.

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports http://bit.ly/2lpIMjN

Mortgage rates today, April 23, 2019, plus lock recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports http://bit.ly/2ZlmYp8

What’s better? The FHA or USDA mortgage program?

FHA or USDA mortgages, which should you choose? It’s not an easy question and there’s no single answer which is right for everyone. But it’s a question many borrowers should ask. The right answer can mean big mortgage savings.

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports http://bit.ly/2ICUbHq

Indiana claim’s the nation’s best cities for families

Looking for a place to put down roots for your growing (or future) family? Apparently, Indiana is the place to do it. According to a new ranking, the state claims the nation’s two best cities for families.

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports http://bit.ly/2IR8GXu