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Refinishing Wooden Furniture

Posted by JD Esajian // July 14, 2010

JJust because the finish on a piece of furniture is worn and weathered does not mean that you should strip it. Don’t do it if you think the furniture is custom-made or a potential antique. When the varnish on a piece of furniture is worn you can revive it by simply sanding the old varnish down with fine steel wool in the direction of the grain, applying a thin coat of diluted stain and then re-varnishing.


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Multiple Listing Service (MLS)

Posted by JD Esajian // July 12, 2010

You will probably hear the three letters “MLS” a lot as you go about your home search. Created and managed by real estate professionals, the MLS is a proprietary database that serves as a gathering point for all property listings in a certain geographic region. Each home ‘listing’ includes extensive information – not always available to the general public – on a website like details about the home, the property and its surroundings.


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Next-Tier Borrowers

Posted by JD Esajian // July 10, 2010

The next tier consists of those with a credit score ranging from 700 to 719. If your scores were in this range on that day then the lenders would quote you a slightly higher interest rate which is 5.88 percent. This of course would boost the payment but not by much. You would pay $1,184 each month which is just $16 more than a borrower with the very best score. You still would be offered a broad assortment of loan types.


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Points to Remember Before Searching for a Home

Posted by JD Esajian // July 7, 2010

Make sure that you have everything figured out before starting your home search – both on the financing side and in terms of your own wants and needs. Below is a checklist you can use as a guide for your home search.


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Options for Window Shades

Posted by JD Esajian // July 5, 2010

Window shades come in a wide variety of options, ranging from no-nonsense roller models to romantic balloon shades. All shades provide varying degrees of privacy and light control, pleated shades are the most energy-efficient. Bottom-up shades allow you to adjust for privacy while still letting the sun shine in.


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PITI – What Is It?

Posted by JD Esajian // July 2, 2010

During your venture you will probably hear this term used a lot. It stands for principal, interest, taxes and insurance. Every loan includes principal and interest payments and those labeled PITI also include taxes and insurance. Property taxes and homeowners insurance payments can be paid in an annual lump sum. PITI means that these payments are instead spread out over the year and included in each mortgage payment.


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Seller Financing

Posted by JD Esajian // June 30, 2010

When a property owner agrees to payment of a portion of a home’s purchase price over time, with the debt to the seller registered on the title as a mortgage, it’s known as seller financing, a vendor take-back mortgage or a purchase-money mortgage. This is a home-financing strategy in which you the buyer borrow from the seller instead of or in addition to a bank or traditional lender.


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Curtain Rod Options

Posted by JD Esajian // June 29, 2010

Plain Rods – Buy these rods in the size range that includes your window’s width, they adjust lengthwise. A single rod holds one curtain with a casing or rod pocket at the top, a double rod holds two curtains or a curtain plus valance.


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Subprime Mortgages

Posted by JD Esajian // June 27, 2010

It gets worse with a score of 620 or lower. You are stuck in the subprime mortgage market. That means your scores are not high enough to qualify for a mortgage that can be purchased by Fannie Mae or Freddie Mac, the government-sponsored corporations that buy mortgages and resell them on Wall Street.


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Getting Your Credit Reports

Posted by JD Esajian // June 25, 2010

The FTC or Federal Trade Commission requires each of the credit Bureaus Experian, Equifax and TransUnion to give consumers one free credit report per year for a total of three free reports each year. But you have to ask for them. You can get your free reports by going online to www.annualcreditreport.com. Don’t go directly to the credit report companies, they’re geared toward selling you reports.


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