Key Benefits Of USDA Home Loans
The United States Department of Agriculture (USDA) has introduced USDA home loan program to benefit people planning to buy or construct homes in rural areas. Lenders approved by the USDA offer these loans. These loans are offered to buy a resale home, buy a new home, construct a house, and for the renovation of an already owned home. Some Of The Benefits Of USDA Home Loans: No Down Payment This is one of the few home loan programs that offer you 100-percent financing. This means it is not mandatory to have a down payment for buying a home under this loan scheme. You can get up to 102-percent finance for the appraised value of the home. No Ceiling On The Value Of Home According to the USDA loan guidelines; there is no maximum limit on the value of home that a...
Read MoreAm I Eligible To Use the USDA Mortgage Program To Buy a Home?
If you are interested in buying a home in a rural area and are in a low or moderate income bracket, than a USDA Mortgage may be able to get you the home you are looking for. Serviced by direct lenders that have to meet specified federal guidelines, these 100 percent government backed mortgages give people who may not qualify for a mortgage through a traditional mortgage lender the opportunity to become homeowners. The mortgages that are made through the approved lenders are guaranteed by the Housing and Communities Facilities Programs(HCFP). In the event a borrower defaults on their loan, the lender will be paid in full by HCFP. Individual borrowers or a family are allowed to borrow up to 100 percent of the appraised value of the home. This means the borrowers can...
Read MorePending Home Sales At The Highest Levels Since April 2010
Another day, another strong report for housing. The Pending Home Sales Index climbed 2 percent in December, according to the National Association of REALTORS®. A “pending home sale” is an existing home under contract to sell, but not yet closed. Pending Home Sales are up for the fifth time in 6 months. The December reading is now its highest since the federal home buyer tax credit’s April 2010 contract deadline, and the figure is well north of the Pending Home Sales Index 3-year average. Coupling this data with December’s strong Existing Homes Sales report (+12%) and its strong New Home Sales report (+17%), it’s clear that the housing market has past its trough and is in Recovery Mode. Even consumer confidence is at an 8-month...
Read MoreUse An Automatic Stirrer To Keep Foods From Burning And Pots From Scorching
It doesn’t take much effort to stand over a pot and “stir continuously”, as called for in some recipes. It can be tedious, though, and once a chef stops stirring or leaves a pot unattended, the recipe is sure to ruin. Enter the automatic stirrer. With its self-adjusting, self-centering blades, the Ardenté Gourmet Stirrer latches on to the side of most kitchen bowls, and does that stirring for you. The machine’s constant blade-turning protects your milk-based recipes from burning; your sauce-based recipes from charring; and your temperate-sensitive sugars from caramelizing. While it does its job, you’re freed up to tend to other tasks in the kitchen, or to spend time with family around the house. It protects your pots from...
Read MoreReasons to Buy Foreclosures in Indiana
Thinking of moving to the heartland of America without breaking the bank? Why not buy foreclosures in Indiana to see for yourself that it can be done, even with this kind of sluggish economy? The state of Indiana has two of the top 15 Best Small Cities in the US in 2010, as cited by Money Magazine. Its economy is mostly manufacturing, but about three-fourths of the state is agricultural. It also has excellent educational institutions like University of Notre Dame, Purdue University, Indiana University and Ball University. It is a great place to raise a family as it is quiet and stable, away from the hustle and bustle of big cities of East and West Coast. More Bang for the Buck But why should you buy foreclosures in Indiana? The small towns and cities in Indiana...
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