Home Estate

Home Improvement and Real Estate

Archive for December, 2009

Basics of Energy Efficient Home Design

Good house design takes its form in part from the forces that act on it.  Climate and weather are two of the strongest form-makers (there are no igloos in the tropics) since houses must be designed and built to repel the damaging effects of the world we live in.  Mother Nature is always trying to tear our buildings down.

Climate and weather also affect the comfort of our homes, and cause us to seek out ways to maintain the temperature and humidity of our homes within tolerable levels.  A great deal of design effort is devoted to keeping the heat in or keeping the heat out, depending on the climate and season.

This Old House

At times throughout American history, the forms of our homes have reflected – to greater or lesser extents – our ingenuity in making our homes’ internal climates more comfortable.

Settlers in the Deep South built deep porches around their low-slung homes to shade them from the harsh sun and to create a reservoir of cooler air that could be drawn into the house.

New Englanders built compact homes with small windows to shield them from winter winds and to hold in as much heat as possible.  And prairie homes, often built of stacked sod, were half-buried in the earth to even out the temperature swings and to protect them from the frequent violent storms that sweep the plains each summer.

Simple and effective strategies like these were necessary because fuel for heating homes was limited.  We created houses that conserved resources; we didn’t know how not to.

That changed with the era of cheap and plentiful electricity and natural gas for home heating, and with the introduction of the first air conditioners for private homes in 1928.  Suddenly, houses didn’t need to respond to their environment; any home could easily be kept as warm or as cool as desired using mechanical means regardless of the weather outside.  Little thought was given to energy conservation strategies until the early 1970s, when the cheap energy we’d taken for granted became suddenly very expensive, and the climate-ignorant houses we’d built for decades became expensive to heat and cool.

That 70’s Show

But then a very cool thing happened.  Architects and builders across the country began to revive the “lost art” of designing homes that responded to climate and weather.  Ancient ideas like earth-sheltering and thermal massing were used again.  New passive-cooling strategies and unique ideas like the Trombe wall were invented.

And most interestingly, the houses using low-energy techniques took on new, exciting forms.  Suddenly there was something else out there beside Old World inspired design.  It was a fun time full of invention and experimentation.

But that era was short-lived.  By the mid-1980s fuel was cheap again and energy-efficient unique home design was all but forgotten.

Back To The Future

So it’s no surprise that we now find ourselves having come full circle, with rising energy prices and a revised interest in home energy efficiency.  It’s a critical concern in a time when some studies show residential buildings consuming up to 21% of the nation’s energy.

Today’s home energy efficient strategies are different than they were 30 years ago, however.  Today the focus is on technology rather than on design.  New materials are techniques have been developed that make otherwise climate-insensitive home designs (and there are plenty) better stewards of the energy they need to maintain human comfort.

Technical solutions can be expensive, however, since they demand that common building materials perform at a higher level.  Windows have “high-tech” glass with low-emissivity coatings, Argon gas-filled spaces, and up to three sheets of glazing.  Heating systems are running at higher efficiencies, and may come equipped with programmable thermostats and insulated ductwork.  Solutions like these do conserve energy and are important components in any home but the technology crutch shouldn’t be leaned on too heavily.  We also need better design.

Designer’s Challenge

What if, instead of spending hundreds of additional dollars on high-tech glazing to keep the sun’s heat out, we more carefully located our windows to avoid direct sunlight in the first place?  What if we used elements of the house itself to shade those windows from heat radiation and UV rays?

Suppose we took better advantage of the ground’s relatively stable temperature to stabilize the temperatures in our houses, rather than exposing every square foot of a home’s exterior surface to the elements?  Instead of constant mechanical air conditioning to remove heat and humidity, why not try opening windows onto shady porches and let the breeze cool the house?

And what if we opened our minds a bit – stopped thinking so much about fashion and resale value – and allowed the forms of our houses to be shaped more by how they respond to the climate and the environment we live in?

The surprising result might be interesting and beautiful homes that cost very little to heat and cool – just like the old days.

Florida Bad Credit Mortgage, 97% W 530 FICO, Florida Bad Credit home loan

The Federal Housing Administration (FHA) runs several FHA Bad Credit mortgage programs to promote home ownership in Florida. In most cases, Bad Credit FHA home loans are mortgages obtained with the help of the FHA. With a small down payment today only 3.5%, Florida Bad Credit homebuyers   buyers can purchase a home. FHA loans make it easier for Florida  Bad Credit homebuyers  to qualify for a Florida Bad Credit mortgage,

Minimal Down Payment and Closing Costs.

  • Down payment less than 3.5% of Sales Price
  • 100% Financing options available
  • No reserves or required.
  • FHA regulated closing costs.
  • Seller can credit up to 6% of sales price towards buyers costs.

Easier Credit Qualifying Guidelines such as:

  • No minimum FICO score or credit score requirements.
  • FHA will allow a home purchase 2 years after a Bankruptcy.
  • FHA will allow a home purchase  3 years after a Foreclosure.

Easier Debt Ratio & Job Requirement Guidelines such as:

  • Higher Debt Ratio’s than other home loan programs.
  • Less than two years on the job is allowed.
  • Self-Employed individuals o.k.

Apply today at www.FHAmortgagePrograms.com

www.FHAmortgageFHAloan.com

Bad Credit home loans In Florida

Getting a Florida bad creidt Mortgage with isn’t as easy as it was a year or two ago. However, it isn’t as impossible as some news reports make it seem. Even Bad Credit  Floridians with bad credit reports which reveal past financial sins still sometimes get to the promised land of mortgage approval. Most Florida Bad Credit mortgage applicants and Refinance clients do so with the help of a skilled and experienced Florida mortgage lender who specializes in Florida FHA bad credit home mortgages to Refinance or Purchase a Florida home

For the Florida Bad Credit home buyer the FHA program can simplify the purchase of a home, making financing easier and less expensive than a conventional mortgage loan product. Most Florida mortgage applicants didn’t know this but FHA has No minimum credit score requirements. Its the Florida FHA approved mortgage lenders that set minimum credit score requirements. At FHAmortgageprograms.com we can go down to a 530 FICO score when most Florida  banks and other Mortgage lenders  require a  minimum 620 FICO. Some highlights of the Florida Bad Credit FHA mortgage program include:

Minimal Down Payment and Closing costs.

  • Down payment less than 3.5% of Sales Price Gifts are allowed
  • Seller can credit up to 6% of sales price towards closing and prepaid costs.
  • 100% Financing available
  • No reserves required.
  • FHA regulated closing costs.
  • Purchases (Min 530 score)

Easier Credit Qualifying Guidelines such as:

  • No minimum FICO score or credit score requirements.
  • FHA will allow a home purchase 2 year after a Bankruptcy.
  • FHA will allow a home purchase 3 years after a Foreclosure.

Additional Conditions include:

  • 12 month cancelled checks or Management VOR
  • Must have 3 good recent trade lines Can you ALT CREDIT such as Cable, Cell phone, Electric, Cable, Car Insurance, ect.
  • Payment shock limited to 1.5 times
  • 33/45 DTI max
  • No late’s or collection in last 12 months
  • NO late’s after BK

Bad Credit Florida first time home buyers and other borrowers, the FHA home loans can have key advantages:

Easy Qualification – The FHA loan has No minimum Credit score requirement and insures lenders against loss for loans made to properly qualified FHA home loan borrowers. So you’re likely to find FHA mortgage loans with terms that make it easier for you to qualify.

Minimal Down payment Requirements – FHA mortgages can work with as little as 3% down and those funds can come from a family member, charity, or your employer. Although the FHA loan does not have a zero down mortgage option yet, you will find that your 1st Continental Mortgage loan officer can point you to many Down payment assistance programs that work well with Florida FHA home loans.

Less than A-1 Credit is Okay – The Florida FHA home loan program exists to expand the pool of home buyers. Even borrowers with prior bankruptcies or mortgage lates get approved every day for FHA mortgages to buy or Refinance homes in Hillsborough County or any of the other Florida counties we serve. The FHA loan program uses credit quality, not credit score!

Lower Cost Over the Life of the Loan – The Florida FHA home loan rates are extraordinarily competitive. FHA’s lower risk to the lender means a better rate for the borrower.

Safeguards for Borrowers Who Get Behind – The Florida FHA loan mortgages also allow the lender more options in helping borrowers who fall behind keep their homes are get current again: special forbearance, workouts, even free mortgage counseling. Further, HUD can allow the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. Options to save your home you’ll never get from a conventional loan! In an uncertain world, this is another excellent reason for you to get an FHA mortgage.

Options for Manufactured Housing – Under certain conditions, you can even finance a Mobile Home or manufactured home using a Florida FHA mortgage loan.

FHA Loans Are Fully Assumable - When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.

FHA Loans for Bad Credit Florida Mortgage Applicants

If you have what is known in general as bad credit, and you are trying to obtain a home loan in Florida, then we encourage you to work with an experienced Florida Mortgage Lender with a track record of funding even the most difficult bad credit Florida mortgage loans.

As a bad credit FHA mortgage specialist we have been helping borrowers with bad credit find the right lenders, gather their loan documents, and present complete Bad credit loan packages to Florida bad credit lenders for over a decade. Our technique really comes down to understanding what a Florida Bad credit underwriter is looking for and putting together a complete and thorough Bad Credit loan package.

For some Florida mortgage applicants , it’s the only way to get a Bad credit lender to say yes to a home loan. This is especially the case for a borrower with Florida  bad credit mortgage issues.

At FHAmortgagePrograms.com, we know that a temporary set back like a job loss or car accident can leave you with damaged credit even though you have worked hard to meet all of your financial obligations for most of a lifetime. This episode can affect credit ratings quickly and adversely affect the loan process when applying for your Florida Bad Credit mortgage.

We feel the Florida mortgage applicant with less than perfect credit is the one who benefits the most from working with an experienced Florida mortgage lender. A good Florida mortgage lender knows which lenders have the best programs for borrowers with poor credit and knows how to present an application truthfully and ethically in the strongest light possible. No, we won’t exaggerate or misrepresent the facts on your behalf; however, we will work to properly represent you and explain why the situation you are in exists.

Your credit report is the key factor for many of the Florida Bad Credit mortgages we offer, but it is not the only factor. With an experienced Bad Credit Florida Mortgage professional from FHA mortgage programs working on your behalf, you may be pleasantly surprised at the Florida bad credit home loan quote you get from our network of quality Florida mortgage lenders.

We can help you take an objective look at your Florida home loan options regardless of your past credit history. Our experienced mortgage pros are very skilled at examining your credit report. And our Florida bad credit home loan specialists are happy to offer you free advice on how to clean up your credit report in preparation for your home loan process.

For some FLoirda bad credit mortgage applicants, the hardest lifting takes place weeks before the mortgage application. It’s never too soon to pay down collections or settle some old judgments to incease your score and purchase a FLorida home. If you have a weak credit report but want to get a Florida mortgage or refinance your existing one, now is the time to get started. As you can see FHA mortgage loans offer Florida mortgage applicants that have had difficulty in the past the ability to qualify for a Florida mortgage.

It’s actually better for borrowers with bad credit right now than it was before 1990. Before 1990, if a borrower did not qualify for a conventional or government loan, he or she was out of home loan options. The emergence of lenders willing to serve those with poor credit has been a godsend for the borrower who recognizes that a Florida bad credit home loan is a temporary loan.

Used properly with good financial planning, a subprime home loan serves the bad credit borrower for 2-4 years while he or she demonstrates the discipline to pay financial obligations on time. Once the healthier financial pattern yields a higher middle credit score, the borrower can apply for a government insured FHA home mortgage or a fixed rate conventional mortgage.

Even for mortgage borrowers with bad credit, 1st Continental Mortgage has found ways to secure financing for a decade.

  • 30 year fixed rate mortgages for persons with damaged credit to purchase homes;
  • Fixed rate mortgages with one, three, or five year Interest Only periods;
  • Limited opportunities on loans for purchasing or refinancing single and doublewide Mobile Homes on land for buyers with low FICO scores in Polk County and the other Florida counties we serve;
  • A range of Jumbo and Super Jumbo home loans for those borrowers seeking to purchase executive homes