Thursday, November 20, 2008
Renovation Loan
I've recently had a number of people ask about how they can include planned renovations in the purchase price of a home. Niki French, the Renovation Specialist at Plaza Mortgage, was kind enough to provide me with more specifics.
First step is to apply for a Purchase & Renovate or Refinance & Renovate loan. This step will require you to provide credit documents, sign the applications and disclosures, and review a contractor's package and copy of renovation disclosures.
Once you receive the pre-approval letter, the renovation specialist will contact you to go over approval conditions.
The purchase agreement should include renovation verbiage.
Schedule inspections and verify permits can be obtained. A HUD certified consultant will help you to determine the scope of the work.
Have your contractor complete and return the contractor's packet.
Once approved by you, your contractor, and the consultant, an appraiser will determine its after improved value.
Final loan approval is issued after the scope of work, appraisal, and loan commitment conditions are reviewed and approved.
You obtain homeowner's insurance, the title is received, final figures are established and the closing documents are signed.
Renovation must begin within 30 days of closing, cannot stop for more than 30 days, and must be completed within 6 months or less.
Money is dispersed as work is completed and inspections completed.
Call me 816.560.3758 or Niki French 816.746.7360 for assistance in obtaining a renovation loan to make your dream home come to life.
First step is to apply for a Purchase & Renovate or Refinance & Renovate loan. This step will require you to provide credit documents, sign the applications and disclosures, and review a contractor's package and copy of renovation disclosures.
Once you receive the pre-approval letter, the renovation specialist will contact you to go over approval conditions.
The purchase agreement should include renovation verbiage.
Schedule inspections and verify permits can be obtained. A HUD certified consultant will help you to determine the scope of the work.
Have your contractor complete and return the contractor's packet.
Once approved by you, your contractor, and the consultant, an appraiser will determine its after improved value.
Final loan approval is issued after the scope of work, appraisal, and loan commitment conditions are reviewed and approved.
You obtain homeowner's insurance, the title is received, final figures are established and the closing documents are signed.
Renovation must begin within 30 days of closing, cannot stop for more than 30 days, and must be completed within 6 months or less.
Money is dispersed as work is completed and inspections completed.
Call me 816.560.3758 or Niki French 816.746.7360 for assistance in obtaining a renovation loan to make your dream home come to life.
Wednesday, November 19, 2008
Celtic Thunder at Sprint Center in Kansas City
What a great concert!
The young Damien McGinty, from Derry, was the crowd favorite. The teenager has the charisma to go with the voice. Keith Harkin, the blond with the David Cassidy smile, sang "The Mountains of Mourne" with passion in his voice. George Donaldson brought tears to my eyes singing "The Old Man." One of my favorite songs, though not necessarily Irish, "Nights In White Satin" was exquisitely delivered by Paul Byrom. Ryan Kelly sang the Eagle's "Desperado" with all the heart of a cowboy on the range. Phil Coulter wrote several of the songs as well as directing. You're probably familiar with many of his songs. "Ireland's Call" brought people to their feet tonight.
The set and the music brought together the old, old Ireland of the chieftains and the new intercontinental Irish with rocks on the ground and lights in the sky. Kilts, suits, leather coats, and the violinists in long, flowing gowns. Spectacular. All in all, it was a lovely evening.
Sunday, November 16, 2008
Sunday, November 9, 2008
Homeless in Kansas City
Well, the news caught my attention tonight when they said the City Mission is already turning people away. Winter has barely begun and the Mission is already full. That's scary.
The reporter said that, across the nation, there is a 400% increase in people seeking help at shelters. Four Hundred Percent!
One woman's story about how she and her daughter ended up in a shelter included being laid off from Sprint earlier in the year. Unable to find another job with similar pay, she experienced a series of unfortunate events culminating in an auto accident which tipped her over the edge financially.
While nothing can totally insulate any of us from catastrophes, planning ahead and living within our means is a good preventative measure. This is why I am urging any buyers to go over their finances carefully and buy in a price range with which they are comfortable. Even if that means waiting 3 or 6 months while saving more money for a downpayment. And/or buying a less expensive house to keep your monthly expenses under control
As for helping the people who are homeless this winter, I intend to go through my closet again to see if there are any coats, balnkets, or gloves I can do without. Most of you, like me, probably already contribute money, time, canned goods, and winter gear to various organizations. The Farmer's Almanac predicts a colder than usual winter this year. That, along with the increased number of people needing help, makes me think maybe we all need to do just a little bit more to help out this year.
The reporter said that, across the nation, there is a 400% increase in people seeking help at shelters. Four Hundred Percent!
One woman's story about how she and her daughter ended up in a shelter included being laid off from Sprint earlier in the year. Unable to find another job with similar pay, she experienced a series of unfortunate events culminating in an auto accident which tipped her over the edge financially.
While nothing can totally insulate any of us from catastrophes, planning ahead and living within our means is a good preventative measure. This is why I am urging any buyers to go over their finances carefully and buy in a price range with which they are comfortable. Even if that means waiting 3 or 6 months while saving more money for a downpayment. And/or buying a less expensive house to keep your monthly expenses under control
As for helping the people who are homeless this winter, I intend to go through my closet again to see if there are any coats, balnkets, or gloves I can do without. Most of you, like me, probably already contribute money, time, canned goods, and winter gear to various organizations. The Farmer's Almanac predicts a colder than usual winter this year. That, along with the increased number of people needing help, makes me think maybe we all need to do just a little bit more to help out this year.
Sunday, November 2, 2008
Autumn, Halloween, Fall Back in Time
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Mike @ abommaritowines
Two Friendly People who stopped by
Saturday, November 1, 2008
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