HOUSING UPDATE
Mortgage rates have hit their lowest point in over a year and a half And that’s big news if you’ve been sitting on the homebuyingsidelineswaitingforthismoment.
Even a small decline in rates could help you get a better monthly payment than you would expect on your next home.
And the drop that’s happened recently isn’t small. As Sam Khater,ChiefEconomistatFreddieMac,says:
“Mortgage rates have fallen more than half a percent and areattheirlowestlevelsinceFebruary2023.”
But if you want to see it to really believe it, here’s how the math shakes out Take a closer look at the impact on your monthly payment.
With the recent drop in mortgage rates, the purchasing power you have right now is better than it’s been in almost two years.
The chart below shows what a monthly payment (principal and interest) would look like on a $400K home loan if you purchased a house back in April (this year’s mortgage rate high), versus whatitcouldlooklikeifyoubuyahomenow(seebelow):
Going from 7.5% just a few months ago to the low 6s has a big impact on your bottom line. In just a few months’ time, the anticipated monthly payment on a $400K loan has come down by over $370. That’s hundredsofdollarslesspermonth.
CONTACTYOURREALTOR ORCLICKHERE!
We’re here to help you purchase the home of your dreams. We know that buying a home is one of the most important decisions you will make. Few things give you more pride than owning your own home, and you will probably make no greater single investment in your lifetime We want to help you make that dream come true. There are many different types of loan programs you can choose from, and the best loan program for your neighbor may be different than the one that is right for you. From getting pre-approved to finding the perfect home, understanding the home buying process can help give you peace of mind. So can partnering with a mortgage lender you can trust Put our expertise to work for you Whether you ’ re building or buying your home, FBC is here to help you along the way!
The Loan Process
What people are saying:
The loan process could not have been any easier The whole FBC team made an arduous process simple All your employees are fantastic and I wouldn’t change a thing!
START
NOT SURE WHERE TO BEGIN WITH THE CREDIT REPAIR PROCESS?
BY CHOOSING WHICH OF THESE 4 OPTIONS FIT BEST WITH YOUR SITUATION
1 SELF CREDIT REPAIR
First, take the time to understand the 3 laws that govern what the bureaus and creditors can do and your rights throughout the process These are the Federal Credit Reporting Act (FCRA), Credit Repair Organizations Act (CROA), and the Fair Debt Collection Practices Act (FDCPA) Use standard dispute procedures to remove inaccurate trade lines from your credit report Your best chance of success with this method is by mailing dispute letters to the credit bureau in which the inaccuracy on your report was found Follow these recommendations to increase your chance of success
2. PAY OFF ALL OF YOUR BILLS
Settle ALL of your outstanding negative accounts with creditors and collectors for a complete deletion of negative information. After that, get in the habit of paying off your credit card balances each month and never falling into delinquency with creditors
PLEASE NOTE! In many cases, paying collection accounts will lower your credit score For this reason, we can’t stress the importance of becoming educated on the law before beginning your credit repair journey What makes common sense doesn’t always make credit sense!
3 GO TO COURT
If the credit bureaus violated the Fair Credit Reporting Act by not removing inaccurate information from your credit report, you can consult with an attorney regarding a possible lawsuit
4 BECOME OUR CLIENT
A personal advisor will review your credit profile to determine how our program will effectively increase your credit scores We work together throughout each step you need to take in order to maximize your score A credit report is like a finger print – it’s unique to everyone! That’s why we recommend all clients to at the very least sign up for our free credit consultation In that consultation we speak to you specifically about the items on your credit report and how to best navigate the process
Exceptional colors to decorate with in September that will outlast any trends
ThisSeptember'scolortrendsexploreeverythingfromearthybrown,and groundinggraytosophisticatedeggplantandrichred
1. Sapphire
With its wide appeal of serenity and calm, it is perhaps no surprise that sapphire blue continues to be one of the most popular choices for interior design Sapphire contrasts beautifully with crisp whites, more softly with salmon pinks, and almost every shade of green Ochre and earth-toned hues nestle happily alongside it, too, but it is the drama and tension that can be created between a balance of dark and light that can be quite so arresting when choosing a room color scheme.
Decorating with gold is not for the faint of heart. However, done right, gold can be used to create spaces that are stimulating and energizing, fun or formal, to cozy and welcoming One of the most mood-boosting colors, gold is sure to lift your spirits and it is perhaps not surprising that this joyful option is experiencing a modern renaissance in interiors
There is something oh so cozy and comforting about chartreuse. Named chartreuse after its resemblance to the French herbal liqueur, the color chartreuse embodies a distinctive and energetic character that can beautifully uplift and brighten a room – the perfect antidote to the cooler, grayer weather The color also acts as an effective bridge between the outdoors and inside when used in threshold spaces When seen in enclosed rooms on wallpapers or furnishings, the color brings relief and reassurance and elegantly rem us of the living world beyond our four walls.ather.
Rich ruby-red and burgundy hues are perfect for adding mood-enhan intense color to a fall home An intrinsic part of life's color palette, red ev feelings of passion, drama, love, heat, festivity and fruitfulness 'Red m people sit up and take notice and is a color that says you are self-re optimistic and know what you want,' says Emma Deterding, founder of K Designs and KDLoves. 'This effect is the same in interior design as i bring in a rich, warm color that will pack a punch in September.'
Considered a dark neutral, espresso brown is grounding but also ha elegance that is truly sophisticated. Versatile, it can be striking on its ow allow other hues to stand proud. Being polychromatic, espresso goes everything, but in deeper, very rich hues it is particularly good at flatt beautiful, well-drawn patterns, so don't be afraid to pattern and color cla an espresso-hued space
This strong, bold color is a much more grown-up and sophisticated ve than the color schemes of the nineties. 'Often associated with royalty tradition, eggplant is perfect for adding drama and character to a ro suggests Helen Shaw, director of Benjamin Moore. 'Saturated shades env a room, so consider introducing the rich hue into a space that benefits natural light to create an intriguing interplay of light and dark '
2. Gold
3. Chartreuse 4. Ruby-red
Espresso
6. Eggplant
TURN YOUR BEDROOM INTO A 5-STAR HOTEL ROOM
Sure, everyone wishes they could settle into a five-star hotel permanently and never look back, but there are plenty of ways to replicate the ambiance of a luxe guest room back home, too.
Don't Skimp on Bedding
Many people look forward to snoozing in a cushy hotel bed when traveling, swearing it helps them sleep betteryou'll want to maximize your sleep time at home by making your bed ultra comfortable and soothing "Purchase the best bed linens you can afford," designer Charles Almonte urges "Beddings should be soft and feel luxurious as it touches your skin. It should make you feel like you are being embraced in a soft cocoon". Linen bedding is a popular choice at the moment, and there's a good reason as to why Linen bedding creates a refined yet lived-in-look that never goes out of style and is temperature regulating so it’s perfect for year round use," designer Candace Plotz explains. . "
Address Lighting
Think about the atmosphere you'd like to create in your sleep space Notes Almonte, "Lighting should be moody and soft and can sometimes be sexy, too!" Not sure where to begin? "Indirect lighting such as lamps with soft fabric shades or cove lighting are great options," he explains.
Streamline Accessories
High-end hotel rooms are never filled to the brim with accessories and knick-knacks; rather, they're thoughtfully curated with just the right amount of decor, so you'll want to take this approach with your own bedroom, too "Minimize visual clutter," Almonte states "A personal touch, such as a small vase of flowers, an elegant clock, or a sterling silver jewelry dish on the bedside table is sometimes enough " Choose items that you'll be happy to admire as you wake up each day, and toss or donate anything that doesn't make your space feel more zen
Be Your Own Housekeeper
One of the best parts about staying in a luxe hotel? Not having to worry about making your bed each morning and returning to a pristine room after a long day of eating, drinking, and exploring a new city But, Almonte says, you should certainly make every effort to tackle this chore as soon as you wake up each day Not only will it get you up and moving, it will make your evening routine feel a bit more special. "Come bedtime, you’ll feel like you just walked in to a five-star hotel bedroom that offered a turndown service," he adds
Hang Mirrors
Consider this tip from designer Doris Roberts “Strategically place mirrors in the space to help reflect light and to make the room feel larger," she offers We suggest leaning one atop a desk to create a makeshift vanity this will also help make your bedroom feel like it belongs in a boutique hotel or hanging mirrors above each bedside table
Display Art
Artwork is what gives a bedroom extra personality and is a key component of luxury hotel rooms, too Here, take the opportunity to display a large canvas or framed piece Gallery walls, while a favorite for other rooms of the home, don't look quite as luxe in the bedroom.
Add a Rug
Roberts encourages placing "a comfortable, plush rug" in the bedroom Why not set a soft sheepskin (faux is fine, too!) by your bedside? Your feet will get the royal treatment as you emerge from your cocoon each morning Moroccan rugs are also extremely cozy; choose one in a black and white hue if you don't wish to overwhelm your space with color.
BENJAMIN MOORE
PAINT DESIGN BOARDS
See how new paint colors look on your home... BEFORE IT'S PAINTED! Be "Color Confident" with a Virtual Color Consultation
Tell us your color preferences, and take our style quiz.
Our designers will create 3-5 initial designs for you to see online, then work with you to create more designs until you find the one you love
See Custom Designs
Enjoy that feeling of knowing you'll love the paint color after your home is painted. No more guesswork!
