WHAT TO DO WITH MATERIALS AFTER RENOVATION

You’ve finally renovated that ancient bathroom of yours, and it’s just what you imagined — beautiful, trendy, sophisticated and welcoming.

Now you’re faced with a decision: What do you do with your old stuff — the fixtures, furnishings and decor? What about all those leftover materials and unused building supplies?

For items that can’t be used as is, you might want to consider:

  • Restoring or upcycling materials. Did you not use all of the wood purchased for cabinets and shelving? Or the marble for the countertops? Well, you could always use those materials to create an accent for another part of your home.

  • Donating to thrift stores or charities. Habitat for Humanity and other local charities are great options. If you’ve got bulkier items, some secondhand shops and charities will even pick them up from your home.

  • Recycling any eligible materials. Head to your local recycling center if you have items that are metal, glass, paper, cardboard or plastic. Some places will even accept batteries and electronics if you have no more use for them.

  • Contacting a scrap metal dealer. A scrap metal dealer may be interested in purchasing pieces of metal left over from the renovation.

  • Throwing it in a dumpster. Be aware that you might be required to pay a fee if you throw items in the city or county dump. Renting a dumpster for your property could also be an option.

If you’re working with an architect or designer, be sure to get their opinions. They may be able to recommend which items you should keep around as spare supplies.

Open Houses: Put Your Best Foot Forward

Attending an open house can be a great way to tour an available property, decide what you like and scope out the local competition. Who knows? It might even lead you to a great buyer’s agent.

Because of this, it’s essential you make a good impression on these outings. Want to be prepared for the open houses you visit? Follow these five etiquette rules:

  1. Don’t show up early or late. Open houses can mean long and tiring days for real estate agents. Respect the established open house hours. If they don’t work with your schedule, contact the listing agent to set up a private tour at a later time.

  2. Let the hosting agent know if you’re already represented. Already have an agent on your side? That’s okay — but make sure you’re upfront about it. Many agents use open houses as a way to get new client leads, so let them use their valuable time to speak with customers who need them.

  3. Give other buyers space. Don’t be surprised if other buyers show up while you’re on the property. Give them room to explore the home and respect their space. No one wants someone rushing them out of every room.

  4. Ask permission before opening a closed door or drawer. Maybe you want to check out the closet space, but you have to respect the homeowner’s privacy. Those areas are likely closed off for a reason.

  5. Avoid bad-mouthing any design or decor items. You might offend the agent if they staged the home. And the homeowners might find out too. Your words may come back to haunt you if you decide to make an offer.

An open house could be how you find your next home.

Approved Mortgage Expands Workforce with New Licensed Loan Officers

Approved Mortgage, Central Indiana’s largest and oldest locally owned mortgage company, makes key additions by adding new licensed loan officers to its team of over 30 experienced mortgage originators.

Greenwood, IN, May 24, 2019 –(PR.com)– Approved Mortgage, a trusted lender for over 20 years, announces the addition of new loan officers to its team that are successfully licensed to originate mortgages.

Hannah Lutgring has been promoted at Approved Mortgage as a Loan Officer where she will help homebuyers and homeowners with purchase and refinance mortgage transactions. As a licensed mortgage banker, she joins Central Indian’s largest and oldest locally owned mortgage company. Prior to being promoted, Lutgring spent 6 years with the company as a Junior Processor committed to loan approval where she served a very important role in the prepping and organizing of loan files.

“Hannah is a key addition to our team,” said Derrick Christy, CEO of Approved Mortgage. “As a licensed originator with extensive processing experience, she will be able to easily guide the borrowers and realtors through the entire real estate transaction with exceptional wherewithal that will be beneficial to getting the loan approved and cleared to close faster.”

Sarah McGrath has been promoted at Approved Mortgage as the newest licensed Loan Officer to a team of over 30 experienced mortgage originators that have been with the company an average of 10 years. She will be responsible for fostering lasting relationships with clients and the real estate community through purchase, refinance, and reverse mortgage transactions. Prior to becoming a Loan Officer with the company, McGrath has been with the company for more than 2 years as the Executive Assistant and will continue this role in addition to becoming a Loan Officer.

“I’ve worked directly with Sarah for the past several years,” said Christy. “She is a great representative of our company’s core values and her versatile skill set she demonstrates as an Executive Assistant will translate into providing her clients with a faster and more stress-free mortgage experience.”

The addition of Lutgring and McGrath as licensed Loan Officers reinforces the mission of Approved Mortgage to serve the mortgage needs of borrowers and realtors through communication, reliability, and value. The company continues its commitment to loan approval for its clients and closes home loans in just 19 days.

About Approved Mortgage

Approved Mortgage is the largest and oldest locally owned mortgage banker in Central Indiana with over 5 billion funded for Indiana families. As an industry leader for over 20 years, Approved Mortgage is recognized by Zillow® as a 5-star lender, rated a Top 20 Broker by Expertise®, and ranked by Entreprenuer.com® as one of the top 25 Best Small-Company Cultures. Approved Mortgage is a direct lender with in-house underwriting that allows for same day approvals. We provide a vast array of residential mortgage loans that has served thousands of families making their dream of home ownership a reality. Our residential product line includes conventional, jumbo, FHA, VA, reverse mortgages and portfolio loans for purchase, refinance, and construction transactions. We also offer a variety of commercial real estate loans for multifamily, office, retail, warehouse/flex space, as well as business loans including SBA, lines of credit, credit card merchant services accounts, and factoring. We look forward to assisting you with your mortgage loan needs by delivering just the right product you need and with the service you deserve. Approved Mortgage has served thousands of satisfied clients and is an A+ accredited member of the Better Business Bureau.

Do you know which documents to prep?

Want a fast and easy homebuying process? Of course you do. So how do you set yourself up for success? Start gathering your paperwork.

It may not be the most exciting part of buying a home, but it’s necessary to see where you stand and what you qualify for. Having your current financial records pulled and ready to go is the first step.

Here’s what you and any co-borrowers will need for a smooth loan process:

Income:

  • W2s or 1099s for the past two years 
  • Pay stubs for the two most recent pay periods
  • Income tax returns for the past two years (especially if you’re self-employed)

Assets:

  • Bank statements for any checking, savings or investment accounts (including 401(k)s, IRAs, etc.) for the past two months
  • Records of any other forms of income you receive (Social Security payments, child or spousal support, etc.)
  • Statements for assets, including stocks and bonds

Will you be receiving a financial gift from friends or family to pay for your down payment or closing costs? Then you should also have a gift letter to disclose that amount of money. And don’t forget to bring a copy of your driver’s license, as well as that of any co-borrowers.

Keep in mind that you may be asked for additional proof of income and assets. It will depend on the loan you’re applying for, as well as your employment status, income, debts and other unique financial factors.

How could wallpaper fit into your decor?

Five years ago, you’d be hard-pressed to find wallpaper in any design magazine or model home. But today? That tried-and-true wall covering is back.

Don’t mistake its resurgence for a nod toward vintage styling, though. Today’s options are modern and sleek. From bold metallics and geometric shapes to elegant botanicals and exposed stone (or concrete or brick) effects, there’s something for everyone. 

No longer just a way to cover barren walls, wallpaper is now cropping up in every area of the house.

Are you thinking of using wallpaper to upgrade your home’s style? Try one of these creative uses:

Cover the ceiling. Wallpaper on the walls? That’s expected. But wallpaper on the ceiling? Now that’s a way to add visual interest. You can even use it strategically to highlight a light fixture or other overhead feature.

Line shelves and cabinets with it. Give your built-in shelves, bookcases, cabinets and drawers a pop of color by lining them with swatches of patterned or solid-toned wallpaper. 

A nice little bonus? It will help keep them clean, too.

Frame it and hang it on a wall. A bright, bold wallpaper can make for a beautiful piece of artwork. Cover a canvas and attach a complementary frame, and it can pull together the color palette in any room.

Use it on the furniture. Forget sanding and staining your wooden furniture to give it a new look. Instead, line the top with a textured wallpaper to make it more eye-catching. It works on tables, dressers, entertainment centers and more.

Steps to Boosting Your Credit Score

Your credit score plays a big role in the homebuying process. It can influence what interest rates you’re eligible for, as well as what options you have for loans in general. 

If your current score isn’t as high as you’d like, don’t lose hope. You can boost your score and improve your chances of qualifying for a mortgage or a better rate. Here are a few ideas that can help:

  • Check your credit report. Credit reporting agencies collect data from a variety of sources, and this info may contain errors. Plus, there’s always the possibility of identity theft. Request a copy of your annual credit report from one (or all) of the three main agencies — Experian, Equifax and TransUnion — and make sure everything is correct. If you see something that looks off, report the issue to get it resolved.

  • Settle any debts in collections. Having an account in collections hurts your credit score. Pay these off as soon as possible, or work with the creditor to set up a payment plan.  

  • Work toward paying off other debts. Start paying down your debts as much as you can, focusing on high-interest ones first. Your total debt balance has a big impact on your score, so reducing even one account can help immensely.

Additionally, don’t open any new credit cards, take out a new car loan or put extra purchases on your existing cards when gearing up for a home purchase. Though this won’t improve your score, it will keep it from getting worse — and that’s just as important.

Making a Competitive Offer on a Home

Finding the right home is only the beginning of your homebuying journey. After that, you’ll have to make an offer — one that both protects your interests as a buyer and helps you stand out from other bidders.

That last part is especially important if you’re buying in a seller’s market, where housing inventory is low and buying competition is high. Want to make sure you make the right offer and snag that dream home? Here’s what you’ll need to know:

  • Tap into your agent’s expertise. Your real estate agent can research the local market for pricing, the number of active listings and more. Being informed about comparable sales can help you make a competitive offer. 

  • Make the right earnest money deposit. Earnest money is used to protect the seller if you back out of the deal. The more you offer, the more confidence they’ll likely have in your bid.

  • Consider your contingencies. Contingencies can be written into the offer to protect your interests as a buyer. But note that a seller’s market may not be suitable for contingency offers.

  • Factor in renovations and repairs. Is the house going to need major repairs before you move in? Factor these expenses into your offer and adjust the price as necessary.

It is possible to make your dreams of homeownership a reality. But keep in mind that you’ll need to have your financing in order before you make an offer on a home.

If you’re starting your homebuying journey and need financing, reach out today.

Yes, You Can Save Money And Pay Off Debt

If you’ve got a mortgage, you probably want to pay it off sooner rather than later. But how do you do that when you’re busy just getting by? More importantly, how do you do it while also saving for the future?

It takes the right planning, tools and mindset. But paying off your loan and saving for retirement at the same time is an attainable goal. Start with these steps:

1. Use windfalls strategically. Are you expecting a bonus or a big tax refund? Don’t spend it all on new clothes or a fancy vacation. Instead, use that windfall to get one step closer to your goals. Put at least some of the money in a high-interest savings account, or use it to make an extra mortgage payment.

2. Make realistic savings goals. Everyone would love to have millions in the bank, but that isn’t always possible. Instead of shooting for the stars, set realistic, incremental savings goals. That way you can reach them while still supporting your household.

3. Create a budget. Planning where your money goes ahead of time can be super useful. You should create an overall budget, mapping out how much to spend on items like entertainment and groceries. Again, make sure the budget is reasonable for your family’s needs. 

4. Find helpful tools. You don’t have to go it alone. Money-saving tools and budgeting apps can help you cut costs and save more. Best of all, they’re conveniently available on your phone.

When it comes to saving and paying off debts, staying the course is crucial. And you might even be able to make it easier by refinancing your mortgage. Reach out today for more information.

Considerations for Repeat Homebuyers

You probably learned a lot as a first-time homebuyer. But just because you’ve bought a home in the past, it doesn’t mean things will be the same the next time around. Every home purchase is different. No matter how experienced you are, it’s important to take the time to understand your goals, the housing market and the conditions under which you’re buying.

Want your second home purchase (or third, fourth or fifth) to go off without a hitch? These tips can help:

Learn the market. Even if it’s only been a few years since your last purchase, the market has probably changed. If you’re looking in a new area, is it a buyer’s market or seller’s market? Study up on home prices in the area, as well as how long homes are taking to sell.

Decide if you’ll sell. If you’re selling your current home while buying a new one, think about how that will work — both logistically and financially. You may also want to consider including a home sale contingency in your offer.

Research the new location. If you’re moving out of state, look into the process of buying in that location before diving in. Each state has different contracts, fees and systems when it comes to buying real estate. Doing research early on can help you better prepare for your upcoming purchase.

Paint the bigger picture. Make sure you’ve decided what you’re looking for in the new home. Sure, if you’re downsizing you want a smaller property (and a lower price), but don’t stop there. Know what amenities you want in the house, what kind of commute you’re willing to have and what your new neighborhood should look like.

If you need a mortgage for your new place, or a real estate agent referral, get in touch today.

4 Essential Furnishings for Your Home

Versatility is often crucial in home furnishings. You never know when you might need to move a piece or rearrange your whole layout at the last minute to accommodate guests. 

So take a step back and assess: How versatile are your home furnishings? If they’re lacking in flexibility (or if you’re planning to furnish a new house in the near future), make sure to work these multipurpose pieces into the mix:

Side Tables: A pair of side tables gives you a place to set drinks in the living room. But they can also offer quick, easy and accessible storage, keeping your space from getting messy and cluttered. You can use side tables to hold your belongings next to your bed too.

Simple Dressers: Use them for clothes, linens and blankets in a bedroom or hallway and for towels in the bathroom. You can hide a dresser in the closet if you’re not keen on their aesthetic but still need the storage space.

Slipper Chairs: These simple, upholstered pieces are lightweight, easy to move across the house and great for entertaining. Pick a neutral color so it won’t throw off your design scheme when moved around. They can be kept in the bedroom, living room or dining area.

An Ottoman: It can be used as a footstool or seating in a gathering space. Get one that can also serve double duty with storage capabilities. Opt for one that can be used as a coffee table to really make the most of this piece.

When you’re buying new furniture for your home, think beyond its initial and immediate use. Could you move it to other areas of the house? Those are the furnishings worth investing in.

Do you need help financing a home makeover? Have questions? Get in touch today.