Your home staging checklist:

Are all countertops clean and clear?
Have you removed unnecessary furniture throughout the house?
Is the refrigerator free of children's art and magnets? Check the bathrooms
Are the surfaces clean and clear?
Are shower curtains clean and hung properly?
Is the flooring clean and fresh?
Are towels neatly hung? Check the walls
Is paint and wallpaper fresh and clean?
Are the walls free from cracks and holes?
Is there anything on the walls that need to be removed? Check the floors
Is the carpet clean and free from stains?
Are hard surface floors clean and free from stains? Check the windows
Are all the windows clean?
Are draperies and blinds clean? Pet check
Remove any signs that this is a pet's home. Check the aroma
Air out the home prior to showings. Set the mood prior to showings
Open draperies and blinds.
Turn on the radio to a soft music station, set the volume low.
If you have time, bake a batch of cookies or muffins to create a warm, welcoming aroma.

Wednesday, August 12, 2009

Good news from Rose Kelly, Licensed Mortgage Planner

Now that the real estate market is beginning to show signs of stabilization, the VA/FHA 3/1 and 5/1 Adjustable Rate Mortgages are becoming more attractive.

3/1 ARM 3.875%* (APR 4.25%)
5/1 ARM 4.25%* (APR 4.625%)

This is how they work, they are fixed for 3 or 5 years at the start rate (3.875% or 4.25%* today), they will adjust annually after the first adjustment.

How much can it increase: maximum 1% annually after the first adjustment, 5% over the life of the loan.

The 3/1 ARM is fixed for 3 years The first adjustment is 11/2012 to a max of 4.875%, and will adjust every year thereafter.
It could adjust to the max of 8.875% by 11/2017

The 5/1 ARM the first adjustment is 11/2014 to a max of 5.25% and will adjust every year thereafter.
It could adjust to the max of 9.25% by 11/2019

What will rates be in 2017 or 2019…your guess is as good as mine. Based on historical data mortgage rates could be at 12% or higher.

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