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Three Subtle Painting Tricks That Will Make Your Home Look Amazing

January 16, 2015 Leave a comment

Three Subtle Painting Tricks That Will Make Your Home Look Amazing This Spring When it comes to painting the walls of a house, sometimes subtle is best. You want to add design, color, and texture to the walls, but you don’t want it jarring to the eyes. Here are three subtle painting techniques you can try on your home walls.

Tissue Paper Texture

One easy way to add texture to walls is to use tissue paper. You apply the tissue paper to the walls and it stays there until you want something new.

Crumple up a piece of tissue paper into a tight ball and then open it up and smooth it out. Small textured lines will appear on the paper. Those lines will remain when you use the paper on the walls.

Use the colored wall paint as glue to adhere the tissue paper to the wall. Paint an area of the wall that’s a little bit bigger than the piece of tissue paper. Press the paper to the painted area and smooth it out so all the edges stick to the wall. Paint over the tissue paper. Repeat the process until the entire wall is covered.

Sponge Color-on-Color Technique

Natural sponges create a unique look on painted walls. If you use two versions of the same color, satin and semi-gloss, then it creates a subtle look that isn’t shocking to the eyes. The color is the same but the shine is different.

Paint your wall with the satin color paint. Let it dry completely. Dip the top of the natural sponge in the semi-gloss paint. Dab the sponge to the wall over and over. It’s OK to overlap the paint in areas and you aren’t going to completely cover the wall.

Once dry, the satin paint will show from beneath the semi-gloss paint creating a neat shine effect.

Taped Stripes

You don’t want bold multi-color stripes on your wall because it will stand out too much. Subtle stripes create a beautiful effect.

Choose two colors that sit side-by-side on the color spectrum. Or, choose two similar colors from different companies. Paint companies tend to have slight differences in colors.

Paint the walls your first color choice. Let it dry completely. Tape the walls using painters tape to make stripes. Make them horizontal, vertical, or diagonal. Make them wide or thin. It’s up to you. Paint the walls again with the second color choice. Paint right over the tape. When you remove the tape, the first color will show.

These simple and subtle paint techniques will make your walls beautiful. This is especially useful if you plan to sell your home and want to increase its value.

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FOMC Minutes: Committee Discusses “Normalizing” Policy

May 28, 2014 Comments off

FOMC Minutes: Committee Discusses “Normalizing” PolicyApril’s meeting of the Fed’s Federal Open Market Committee was held along with the Board of Governors of the Federal Reserve System.

Meeting minutes released Wednesday indicated the committee’s interest in “normalizing” its monetary policy. This included the FOMC’s ongoing commitment to tapering its asset purchases under its quantitative easing program.

The committee agreed to taper the Fed’s monthly asset purchases by $10 billion to $45 billion per month. Committee members discussed raising the target federal funds rate, which now stands at 0.00 to 0.25 percent, but the minutes clearly stated that this topic was undertaken as part of “prudent planning, and did not indicate that normalization would necessarily begin sometime soon.”

The FOMC minutes reflected the committee’s concern with achieving a balance between normalizing the Fed’s monetary policy and keeping short-term interest rates under control.

Meeting attendees considered methods for managing interest rates and considered potential impact of each method discussed on overall financial stability.

Importance Of Early Communication

Meeting participants discussed the importance of early communication of pending changes to the Fed’s monetary policy, and agreed that advising the public “well before the first steps in normalizing policy become appropriate.”

Early communication to the public of planned changes was viewed as a means of providing clarity and credibility to FOMC policy decisions and help FOMC achieve its statutory goals of maximum employment, stable pricing and moderate long term interest rates.

Potential Impact Of Achieving Normalcy

 FOMC members discussed the possible impact of tools considered for use in normalizing the economy on the following:

  • Fed control over short-term interest rates
  • The Fed’s balance sheet and Treasury remittances
  • Functionality of Federal Funds Market
  • Financial stability in normal times and times of stress

The minutes noted that the Fed has never used any of the methods discussed while the Fed held a large balance sheet, and recommended that flexibility in using tools for achieving normal fiscal policy.

No decision was made about normalizing current monetary policy; FOMC and Fed Board members agreed that further study and analysis were needed before any decisions would be made.

Fed: Mortgage And Refinance Applications “Tepid”

The FOMC minutes characterized the level of mortgage and refinance applications through March as tepid, due to increasing mortgage rates and home prices.

While a survey of senior loan officers revealed that mortgage credit had been loosened for applicants with prime credit, mortgage credit remained tight for those with less than excellent credit.

The unemployment rate held steady at 6.70 percent and remained above the FOMC’s benchmark of 6.50 percent. There was some good news as the workforce expanded and the ranks of the long-term unemployed decreased.

Stable employment is important to potential home buyers; if unemployment levels continue to fall, numbers of home buyers are likely to increase.

What’s Ahead For Mortgage Rates This Week – May 27, 2014

May 27, 2014 Comments off

What’s Ahead For Mortgage Rates This Week – May 19, 2014Last week’s economic news was dominated by speeches given by Federal Reserve presidents, the minutes from April’s FOMC meeting and commencement address given by Fed Chair Janet Yellen. The latest readings for new and existing home sales were also released.

Federal Reserve Speeches Suggest Concerns Over Monetary Policy Dependence, Low Inflation

Here are highlights of comments made by each of the Fed presidents’ speeches. Richard Fisher, president of the Dallas Fed, and John Williams, President of the San Francisco Fed, spoke at a conference held at the Bush Institute.

Mr. Fisher said that 98 percent of jobs lost during the recession had been recovered, and that other jobs had been added. He also cited “bad fiscal policies,” and said he is worried about dependence on the Fed’s monetary policy when “Congress and the Executive Branch have put on the brakes.” 

John Williams, president of the San Francisco Fed, said that he was concerned about slowing momentum in housing markets, although he noted that housing had driven economic recovery in the aftermath of the recession.

The inflation rate has remained well below the Federal Reserve’s target rate of 2.00 percent, and Mr. Williams said that the Fed is paying close attention to this. His remarks were supported in Wednesday’s release of the FOMC minutes of its April meeting.

Charles Plosser, the Philadelphia Fed’s president, took an optimistic tone at a speech given before the Women in Housing Foundation on Tuesday. He said that the national unemployment rate could fall below 6.00 percent by the end of 2014 and that he expects the housing market to bounce back as well.

This makes sense, as strong labor markets are known to influence consumer decisions to buy a home.

New York Fed President William Dudley spoke before the New York Association for Business Economics, and said that there would be “a considerable period of time” between when the current asset purchase program ends and the first Fed rate hike would occur.

He also indicated that he expected longer-term interest rates (which include mortgage rates) to be “well below” a historical average of 4.25 percent.

Minneapolis Fed President Narayana Kocherlakota said that the Fed should consider targeting price levels rather than the current policy of targeting the inflation rate. He said that this was not likely to occur any time soon, but noted that current Fed policy is “undershooting” the central bank’s goals for unemployment and inflation.

Fed Chair Janet Yellen cited her predecessor, Ben Bernanke as a positive example when she spoke at New York University’s commencement. She noted that he took “courageous actions unprecedented in ambition and scope” and that his “grit willingness to take a stand” had directed his decisions during the recession.

Mortgage Rates Down, Existing Home Sales Up

Freddie Mac reported that average mortgage rates dropped last week. The average rate for a 30-year fixed rate mortgage fell to 4.14 percent, a drop of six basis points. The rate for a 15-year fixed rate mortgage fell by four basis points to 3.25 percent.

The average rate for a 5/1 adjustable rate mortgage dropped by five basis points to 2.96 percent. Discounts were unchanged at 0.60 percent for 30-year mortgages and 0.40 for 5/1 adjustable rate mortgages, but dropped to 0.50 percent for 15-year mortgages.

Sales of existing homes rose to their highest level in four months according to the NAR. Month-to-month sales of previously-owned homes rose by 1.63 percent in April to a seasonally adjusted annual rate of 4.65 million sales as compared to March’s reading of 4.59 million sales. This was the first rise in sales of existing homes in 2014, and nearly met expectations of 4.66 million sales.

This Week

After the Memorial Day holiday, this week’s economic news includes the Case-Shiller Home Price Index, FHFA’s house price index and consumer confidence index.

Pending home sales, jobless claims and Freddie Mac’s mortgage rates report along with the University of Michigan consumer sentiment index round out the week’s scheduled events.

Did You Know? How Paint Color Choices Can Drastically Affect The ‘Mood’ Of Your Home

May 23, 2014 Comments off

Did You Know? How Paint Color Choices Can Drastically Affect the 'Mood' of Your HomeWhether you’re sprucing up your house to sell or simply looking for a color to bring out the beauty of your home, it’s imperative that you do your homework.

Before you head off to your local DIY store with a paint sample in one hand and a wallet in the other, you need to ensure that you’re picking the colors that are right for your home and your personality.

It is true that you can never go wrong with a neutral, but you can also go so much more right with the correct color in the appropriate space, whether it’s a neutral or not.

Give The Buyers The Blues

Blue is a great calming color and has even been known to lower blood pressure. When a person walks into a blue room they feel tranquil and at peace.

Blue is also the color of trustworthiness and dependability, so if you are selling your home, or if you just want to make your guests feel welcome, put a blue paint color on the walls of your front hall or foyer.

Eat Your Heart Out Red

Red is a high-energy color and it has been proven to stimulate the appetite. This makes it a perfect color for a kitchen. An accent wall splashed with a deep, rich red can bring interest and vibrancy to an ordinary kitchen. Be sure not to overdo the red though; one wall or a back splash is enough to get the point across without becoming garish.

Approach Yellow With Caution

Yellow is one of the most difficult colors to pull off correctly in a home. The light plays tricks with it, and what you thought was a sunny yellow in the store might become a sallow jaundice on a cloudy day.

If you must paint with yellow keep it very pale and keep it in a less used room. It can be a soothing color but it’s best to leave it out of the main rooms.

Give Green A Go

Green is said to be the most restful color on the eyes. Certainly, when we think of green, we think of the outdoors. Experts say the color green taps into our need for balance and makes us feel safe and at home.

With all that going for it, the color green is an ideal choice for any room in your house; especially a master bedroom where the restfulness of the color invites you to climb into bed and have lovely dreams.

Visions Of Violet

Purple or violet is often a favorite color of children. As we grow older, we tend to forget about this under-used color. The truth is, however, it can be an absolutely stunning color in a family room or living room.

Although we associate purple with children, a deep royal purple can give your room a regal look, which is perfect if you have high or vaulted ceilings. If you want to give your home a feeling of luxury with a bit of decadence, then violet or purple is the color for you.

No matter what colors you choose in your home, if you’re looking to resell it’s a good idea to consult an expert to ensure that your colors are compatible with one another. There’s nothing worse than a house that has a chopped-up effect due to its rooms being painted a myriad of different colors.

Three Mobile Apps That Make Home Automation Tasks Quick And Easy

May 22, 2014 Comments off

Three IPhone Apps That Make Home Automation Tasks Quick and EasyThese days, efficiency and productivity are the keys to life, which is why it’s no surprise that home automation is a bigger topic than ever before.

As more and more people become tech savvy and get used to working with handheld devices, home automation becomes a natural fit for your smartphone or other handheld device.

After all, it’s a true pleasure to be able to control nearly everything in your home from just one device! You have so many things to do each and every day that it would be too much of a hassle to do everything separately and to control everything independently.

Home automation solves that problem for you. Here are the three iPhone apps that will make home automation tasks much quicker and easier.

The Haiku Home Automation App For HAI

Sure, this app will cost you $50, but it’s well worth it in order to have everything controlled at the tips of your fingers. You can use this app from anywhere on the planet or simply while you’re plopped down on the couch… your choice entirely!

It incorporates HAI’s solid home automation controls with an amazing user interface experience to deliver convenience and efficiency to users. So far the app has received excellent ratings from users. Out of 112 ratings, it’s averaged a 4.5 out of 5 score on iTunes.

Try The Revolv Smart Home Automation Solution

This iOS app from Revolv Inc. allows you to unify and centrally control a slew of various, connected home devices. Examples include locks, smart lights, outlets, sensors, thermostats and even wireless music systems, just to name a few possibilities. The app taps into the iOS system to empower you to seamlessly and effortlessly complete a bunch of automated tasks.

This app lets you create several automated directives from geo-location, time and on-demand triggers and sensors. Such convenience and control is both practical and highly rewarding.

Finally: The Loxone App

The Loxone app allows you to control your residence from your iPhone, iPad or iPod Touch. The possibilities are endless because, with this app, you can regulate everything from your home’s blinds and heating to the music that’s playing in any given room. All you have to do is make a few taps on your iPhone’s screen, and you’re done!

This makes the Loxone app one of the most ideal and efficient home automation apps out there. It’s definitely a good idea to install this app on your iPhone today. You won’t regret it, and running the devices inside of your own home will be something you’ll look forward to, rather than something you dread.

Thanks to these home automation apps, you’re in good shape to feel in control of all of the devices in your home. Whether it’s the blinds, the heating or an entertainment device like your stereo, these apps have you covered so that you can proceed efficiently and productively.

Don’t forget to call your trusted mortgage professional today for more information on home automation and everything you need to make your home comfortable.

Here’s How You Can Leverage Your Home To Reduce Your Tax Burden For Next Year

May 21, 2014 Comments off

It's Tax Time - Here's How You Can Leverage Your Home to Reduce Your Tax BurdenEach year around April, we can find ourselves becoming a little more tense at the thought of what is about to occur: tax time.

Instead of falling into the trap of procrastinating your taxes, however, it’s much more beneficial to face tax time head-on and do your research on your applicable deductions well in advance.

Your home is good for many things, but using your home to reduce your tax burden may be one benefit you haven’t thought of. Here are some tax benefits that can be leveraged with your home, and some ways to lower your tax bill in 2014.

Deduct Interest On Home Loans

Though interest paid on personal loans isn’t deductible on your tax return, interest paid on mortgages is.

Home mortgage interest, for both your primary residence and a second home such as an investment property, can account for a large bill near the end of the year, and can significantly decrease your tax bill for 2014.

Interest paid on a line of credit for your home or a home equity loan is also usually deductible, and you may also qualify to deduct the insurance premiums on your private mortgage if this was a requirement from your lender. Ensure you keep your Form 1098 from you lender, and be sure not to miss each of your interest deductions.

Deducting Points Paid For A Better Rate

If you paid points in order to get a better interest rate on your home mortgage, the IRS will allow you to deduct these, too. If you meet the requirements for this deduction, one of which is that you paid the points in the same year that you purchased your primary residence, be sure to add the points to your list of deductions.

Deduct Property Taxes

Property taxes are also deductible on your tax return, and since they make up a significant portion of your home expenses each year, they certainly shouldn’t be excluded from your list of deductions in 2014.

As an annual deduction for the entire period you own your home, ensure you don’t forget about your first year in your home. If you’ve just purchased your home, the property taxes would have been split between the seller, the previous homeowner, and you, the buyer, at the time of the property transfer. Your portion of your first year’s property taxes for the home is also fully deductible.

Tax-Free Sales Gain

If you’ve owned and lived in your home for a minimum of two years and are ready to sell, you likely qualify for up to $250,000 dollars of tax-free profit, or up to $500,000 for married couples.

If the sale falls short of the two year mark, the IRS provides some tax relief if the sale is due to a list of unforeseen circumstances, such as changes in employment or health. Be sure to see where you qualify, and leverage the sale of your home for tax-free sales gain.

Having the ability to leverage your home in order to lower your tax burden is, of course, another benefit of being a homeowner. Often, reaping the full benefits of tax deductions is a simple matter of doing your research or speaking with a professional to get the information applicable to you.

For more information on the financial benefits of homeownership, including those related to taxes, call your trusted mortgage professional today for the answers you need.

Getting Past No: What To Do If You’re Turned Down For A Mortgage Or Other Home Financing

May 20, 2014 Comments off

Getting Past No: What to Do If You're Turned Down for a Mortgage or Other Home FinancingGetting pre-approved for a mortgage loan is an integral part of having the ability to purchase a home in today’s society.

With most home prices well above what the majority of us have in the bank, getting approved for a mortgage can be the deal maker or breaker when it comes to purchasing a piece of property. Therefore, getting rejected for a mortgage can feel like a huge loss.

The first thing to realize, however, is that there are action steps you can take to get to “yes.” Here’s what to do if you’re turned down for a mortgage or other home financing.

Shop Around: Don’t Take “No” The First Time

If you get a “no” from your bank the first time around, don’t be fooled into thinking that everyone will give you the same answer.

Instead, be sure to shop around your mortgage with different banks, and opt to speak to a mortgage broker to leverage all of your options.

When looking at several different lenders, you’ll have a much higher chance of getting a yes since every lender adheres to different rules and restrictions. Though you may end up with a mortgage with a slightly higher interest rate, you’re likely to get approved for a mortgage or other home financing.

Ask Friends: Get A Co-Signer

If your “no” was the result of bad credit history or a low credit score, perhaps you should consider asking for the help of friends and family. Sometimes bringing a co-signer in on the deal who has better credit history and a higher credit score will change the response of your bank or lender significantly, and suddenly you’ll find yourself hearing the sought-after “y” word.

Ask Questions: Fix The Problem

If you’ve sought out several different banks and lenders, and still find yourself with rejected mortgage applications, be sure to understand why the “no” came in the first place. If it’s an issue of your credit history, which can’t be appeased with a co-signer, you may need to put in the time in order to correct some of your credit issues.

Other common reasons why people are rejected for a mortgage include unrealistic borrowing expectations, i.e. applying for a mortgage that is too high for you to satisfy, as well as an unreliable employment history or a general lack of credit history. Speak with your mortgage professional to determine the reason, and if shopping around or bringing in a co-signor doesn’t transform the “no” to a “yes,” seek to fix the problem instead.

Though it can be a daunting task to apply for a mortgage after you’ve been rejected, ensuring that you arrive at that ultimate “yes” is something you need to undertake in order to purchase a home and reach that next milestone in your life.

Having trusted professionals on your side is something that will surely ease the tension on all things involved in purchasing a home, including getting approved for a mortgage. For more information on how to get past “no” when searching for a home, call your trusted mortgage professional today.

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