4 Reasons to Buy A Home This Summer

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Here are four reasons to consider buying today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year.

Home values will continue to appreciate. Waiting may no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over the next 12 months. TheMortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting rates will increase by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home.

3. Either Way, You Are Paying a Mortgage

Some renters have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s.

As an owner, your mortgage payment is a form of ‘forced savings’ which allows you to have equity in your home that you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing cost to work for you?

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Examine the actual reason you are buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, greater safety for your family, or you just want to have control over renovations, now could be the time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

How to Clean Leather

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Leather is a popular and durable material for shoes, furniture and purses. Even though leather is sturdy, it’s a porous surface that can absorb oils from skin and hands, causing stains. White leather is especially susceptible to stains. Here’s how to clean white leather.

Wipe leather regularly with a dry microfiber cloth to get rid of smudges and light soiling. For a deeper clean, use a commercial leather cleaner or make your own. Mix a solution of warm water, a few drops of Castile or liquid dish soap and a few drops of vinegar.

Dampen a cloth with the solution and wipe down surfaces. Do not saturate the leather, as too much water will damage it. Use a second cloth dampened with clean water to wipe off the soap. Dry thoroughly. Another recipe for a homemade cleaner: Mix ½ cup olive oil with ¼ cup of vinegar in a spray bottle. Spritz on the stain, let sit for five minutes and wipe. Whatever you do, avoid bleach or ammonia-based cleaners as they can damage the leather.

 

Wipe up spills as soon as they happen to minimize the chance of staining. Even if you’re fast with the cleanup, stains will happen so you need to know how to clean white leather shoes, how to clean a white leather purse and how to clean a white leather sofa. Grab one of these items and get going.

Courtesy of diynetwork.com

Snow Days

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No snow days here in Florida but if there were…I would want to live in this house.