House mortgage and loan

House renovation where to start

2007-01-01T05:39:00.000-08:00

First of all : is there any major issue like water fall inside the house ? Then start with this priority: the roof, the walls and the ground.

1- You should start with the kitchen of course ! The kitchen combines water electricity gas and telephone. It is the most complicated place in the whole house. Clean is ok but new is going to make the difference

2- The bathroom. You need electricity, water, phone, ventilation and above all : Safety ! Choose light colors and good material.

3- The living room : the show room !

home improvement

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Another help for your mortgage calculator

2006-08-18T06:02:00.000-07:00

Use the Microsft Excel function PPMT and IPMT to calculate the amount of principal and interest you pay back for a certain month.

Cell	Content
C2	Years
C3	30
D2	Rate
D3	0.05
E2	Amount
E3	100000

H3 1

Cell I3 =PPMT($D$3/12;$H3;$C$3*12;$E$3;0)
result of cell I3 = -$120.15
Cell I4 =PPMT($D$3/12;$H4;$C$3*12;$E$3;0)
result of cell I4 = -$120.656

Cell J3 =IPMT($D$3/12;$H3;$C$3*12;$E$3;0)
Result of cell J3 = -$416.67
Cell J4 =IPMT($D$3/12;$H4;$C$3*12;$E$3;0)
Result of cell J4 = -$416.17

Cell K3 = +I3+J3
Result of cell K3 = -536,82

Cell K4 = +I4+J4
Result of cell K4 = -536,82

Here are a few more results:

Year	Month	Principal	Interest	controle
	1	-$120.15	-$416.67	-$536.82
	2	-$120.66	-$416.17	-$536.82
	3	-$121.16	-$415.66	-$536.82
	4	-$121.66	-$415.16	-$536.82
	5	-$122.17	-$414.65	-$536.82
	6	-$122.68	-$414.14	-$536.82
	7	-$123.19	-$413.63	-$536.82
	8	-$123.70	-$413.12	-$536.82
	9	-$124.22	-$412.60	-$536.82
	10	-$124.74	-$412.09	-$536.82
	11	-$125.26	-$411.57	-$536.82
1	12	-$125.78	-$411.04	-$536.82
2	24	-$132.21	-$404.61	-$536.82
3	36	-$138.98	-$397.84	-$536.82
4	48	-$146.09	-$390.73	-$536.82
5	60	-$153.56	-$383.26	-$536.82
6	72	-$161.42	-$375.40	-$536.82
7	84	-$169.68	-$367.14	-$536.82
8	96	-$178.36	-$358.46	-$536.82
9	108	-$187.48	-$349.34	-$536.82
10	120	-$197.08	-$339.75	-$536.82
15	180	-$252.92	-$283.90	-$536.82
20	240	-$324.58	-$212.24	-$536.82
25	300	-$416.56	-$120.26	-$536.82
30	360	-$534.59	-$ 2.23	-$536.82

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mortgage calculator

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Tools to help you to refinance a mortgage

2006-08-17T04:45:00.000-07:00

In Microsoft Excel you can use create various scenario's:

Scenario 1 100 000 $ rate 5% in 30 years:

Use the following functions in the cell H12:

=PMT($D$5/12,C12,+$E$4)

Put the following data in the following cells

D5 is the interest (0,05 is 5%)
E4 is what you borrow (100 000 $)
C12 is the total period in month (360 for 30 years)

Scenario 2 100 000 $ rate 5% in 20 years:

=PMT($D$5/12;C14;+$E$4)
D5 is the interest (0,05 is 5%)
E4 is what you borrow (100 000 $)
C14 is the total period in month (240 for 20 years)

result of scenario 1: $ 536.82-

result of scenario 2: $ 659.96-

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How can you find a house on the internet

2006-08-14T02:05:00.000-07:00

www.craigslist.org/ is a great all rounder
www.trulia.com is very good real estate site

www.zillow.com is a good way to compare prices

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Blogs of house renovation

2006-08-09T09:12:00.000-07:00

A lot of people start a blog to show the progress of their work.

Here are some great example:

http://www.fliperati.com

http://renovatingonthecheap.blogspot.com/

http://runningfrommyhouse.blogspot.com

http://thedirtyhouse.blogspot.com/

http://www.ourfamilyplace.com/homebuyer/fixer.html

http://search.blogger.com/?q=house+renovation&btnG=Search+Blogs&amp;amp;hl=en&ie=UTF-8&bl_url=&x=384&y=14&ui=blg

A great list of home improvements from BOTW

1919 American Four Square - Offers photo galleries and information on the restoration of a home. [RSS]
1921 Bungalow - Charts the progress of an improving home. [ATOM]
649 6th - Journal from a woman constantly improving her home. [RDF]
A Fisherman's House - Details on the renovation of a French home. [ATOM]
A Little Cottage - Offers home improvement ideas and photos of progress. [RSS]
A Victorian Farmhouse Reborn - Provides information on the processes used to restore a house. [ATOM]
Adventures in Domesticity - Offers a humorous look at home improvements. [ATOM]
Battle Creek Bungalow - Ongoing saga of a couple working on their house. [ATOM]
Beach House - Gently updating a true original modern house; a 1968 Andrew M. Geller designed redwood contemporary on Long Island. [ATOM]
Building Our New House - Journal from a couple building a home in Vancouver. [ATOM]
Bungalo Beauty - Documenting renovation work as it is done on a Chicago style bungalow. [ATOM]
Bungalow '23 - Home improvement and history of a 1923 craftsman bungalow in Minneapolis. [RSS]
Bungalow Dreams - Home improvement updates and photos. [ATOM]
Camping With A Mortgage - Documentation of an attempt to rehabilitate an 1881 Italianate home. [ATOM]
Charles and Hudson - Discussing home renovation, remodeling and repair topics. Points do-it-yourselfers to various online resources for practical help, tips and instruction. [RSS]
Chicago Two-Flat - Stories from a couple renovating their own home. [ATOM]
Cincinnati Cape Cod - Ohio woman documents the improvements to her house. [ATOM]
Clark Creek Blog - Photos and updates on home improvement progress. [ATOM]
Crazy Stable - Updates from the rehabilitation of a Brooklyn home.
Down the Dirt Road - Personal journal with a focus on home improvements. [ATOM]
Eco Teat - Restoration of a house from the seventeen hundreds. [ATOM]
Erwin House - Diary of a mid-century modern renovation. [RDF]
Expirationdates - Photographic journal of homer improvements. [RDF]
Fifties House - Shows improvements made to a 1950's home.
Folksy Lady - Documents the improvements of an old home. [RDF]
Foxcroft - Record of the restoration of a 1928 craftsman. [ATOM]
Happy Shower - Find photos and some comments about unique custom bathrooms and pools. [RSS]
Hillsdale House - Updates and photos from the restoration of an old home. [ATOM]
Hobart House - Couple documents their attempt to restore a 1905 Craftsman. [ATOM]
House in Progress - Couple blogs about their experiences restoring a house.
House Made - Home improvement blog with before and after photos. [ATOM]
House This - Documents the constant renovation of an old home. [RSS]
Improvements All the Time - Tracks improvements made on a house. [ATOM]
Irvington Bungalow - Insights into the home improvement process. [ATOM]
Jackson's Mansion - Updates and information on the restoration of a house.
Kensington Bungalow - Family documents the improvements made to their home. [ATOM]
King Post - Features photos and details on the restoration of a house. [ATOM]
Life in the Prairie Box - Home improvement insights and updates. [ATOM]
Luxury Housing Trends - Daily posts featuring home improvement ideas and cool gadgets for the house. [RSS]
Meanwhile Back At The Ranch - Home improvement journal from a couple renovating a bungalow. [ATOM]
Minor Adjustments - Home improvement ideas and how-to's. [ATOM]
Moody Blues - Trials and tribulations of a couple restoring a house. [ATOM]
Nightmare on Elm St - Blog describes improvements made to an old duplex. [ATOM]
North Caddo House - Insights into the restoration of a 1930 bungalow. [ATOM]
Northland Stories - Restoring a prairie-style foursquare house in Duluth. [ATOM]
One Sixty - Massachusetts couple chronicles their home improvement nightmares. [ATOM]
One Woman's Home Journal - Observations on home improvements and restoration.
Our Old House - Documents the restoration of a 1895 Eastlake Victorian house. [ATOM]
Our Pemberley - Discusses the restoration project. [ATOM]
Pinefresh - Offers advice and documents the restoration of a home. [ATOM]
Plains Text - Photos and information on home restoration. [RDF]
Prairie Rose House - Photo galleries and stories about home improvement. [ATOM]
Renovate Australia - Australian couple offers insights into their home improvement projects. [RSS]
Restoration on 7th - Blog covering the improvements made to a master bedroom and living room. [ATOM]
Restore House - Progress and updates from an old home in Nebraska. [RDF]
Revivalized - Chronicles the restoration of a 1920's home. [ATOM]
Reviving the Colonial - Blog from a western New York couple restoring their home. [ATOM]
Saint Bernard Windmill - Documents improvements made to a windmill in the Flemish countryside. [RDF]
Self Build - Information on the building and improvement of a home in Ireland. [ATOM]
Stately English Manor - UK home improvement blog offering updates on various projects. [RDF]
Stonehouse 2129 - Home improvement progress by room. [ATOM]
StuccoHouse - The ups and downs of restoring a 1924 bungalow. [ATOM]
That's A Cute Little Farm House - Updates the progress of various projects. [ATOM]
The Bachelor Pad - Features photos and information on home improvement. [ATOM]
The Building Brows - Family posts about various home improvements. [ATOM]
The Devil Queen - Insights into the restoration of a Queen Anne Victorian. [ATOM]
The Dirty House - Photographic updates on home improvement. [ATOM]
The Home Improvement Ninja - Offers home improvement advice and sketches. [ATOM]
The Money Pit - Project tracking for several home improvements. [ATOM]
The New (Old) House - Home improvement blog from a young mother. [ATOM]
The Petch House - Information on the restoration of an 1895 Victorian home. [ATOM]
The RemodeLogue - Information and photos on the remodeling of a home. [RDF]
There Goes the Neighborhood - Covers the rehabilitation of a Seattle home. [ATOM]
This Old Crack House - Journal of the restoration of a huge old house. [ATOM]
Time Thief - Continuing saga of updating a 1940's tract-home. [ATOM]
Titus House - Provides home improvement information and ideas. [ATOM]
Top to Bottom - Describes the trials and tribulations of a complete house renovation. [RDF]
Two Year House - Documents the struggles of one man trying to restore a house while his lives in it. [ATOM]
West Ave East Town - Updates on the home improvements of a couple. [RSS]
Westinmoreland House - Documents the improvements made to an old house. [RDF]

www.houseblogs.net/

Technorati tags:
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online
blog
renovation
house

Tips for a fixer-upper

2006-08-08T09:18:00.000-07:00

* The worse it looks the better price you get.
* Negociate a lot. It is likely that you will be satisfied by the seller.
* Be creative in the solution you find to fix it. Sometimes you can just remove unnecessary things instead of fixing those.
* Try to fix a maximum by yourself. It is much cheaper.
* If you cannot fix it by yourself, you can always shop and find somebody who can help you to fix it with you.
* Buy second hands elements instead of new.
* Never save on appearance. A poor quality paint will give the impression that the house is fragile. A broken window is a no go.

When the house is fixed, rent it or sell it.
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technorati tags: fixer upper

What to do with 500 $ a month

2006-08-07T09:12:00.000-07:00

Use this money to get a mortgage.
Buy one small flat (studio) for renting purpose.
Use the payments from the rent to pay the mortgage.

Note: The smaller the flat the higher the return on investment.

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House buying tips

2006-08-04T05:47:00.000-07:00

Here are some tips:

How long has the house been on the market ? If it is more than a month. Then you can go for a lower price.
If you want to bid less than the price you should provide explanations why you do so. Maybe because the condition of the house is lower than other houses in the same category...
It is better to buy in low season and sell in high season.
How are the houses in the neiborhood ? If there is a noticeable difference then you should lower the price.
If anything needs to be fixed, estimate the cost and lower the price accordingly.
Check if the people are in a hurry. This may be your chance to get a better price.
Analyse the bottom price of any similar house before making any offer. One good indicator is recent purchasing made of similar houses. check this link: http://www.zillow.com

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Great house mortgage and loan links

2006-08-02T02:34:00.000-07:00

About FHA loan (FHA insured loans)
http://www.hud.gov/offices/hsg/sfh/fharesourcectr.cfm

Free money finance warns you about some strange mortgage

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Mortgage and loan news and tips

2006-07-31T08:13:00.000-07:00

http://mortgage-insider.blogspot.com/

Mortgage calculators

2006-07-31T06:08:00.000-07:00

Here are some good links I found:
www.mortgage-calc.com

The best mortgage calculator is Microsoft Excel. Try the function PMT and you will be amazed by the result.

Here is one detailled example:

Cell	Content
C2	Years
C3	30
D2	Rate
D3	0.05
E2	Amount
E3	100000
F2	Monthly Payment
F3	PMT($D$3/12,$C$3*12,+$E$3)

The result of the payments is 536,82

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mortgage calculator

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