Category: Real Estate

Increase in Credit Card Fraud during the Holidays

Increase in Credit Card Fraud during the Holidays In 2015 U.S. consumers spent over $70 billion on Black Friday and spend, on average, $830 billion on Christmas and holiday gifts. It goes without saying that U.S. consumers spend more during the winter holidays than any other time of the year. Unfortunately, this increase in spending […]

The post Increase in Credit Card Fraud during the Holidays appeared first on Credit Absolute.

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Former NBA Guard Jarrett Jack Selling $2.8M Georgia Mansion

Jarrett Jack Georgia Homerealtor.com, Matthew Stockman/Getty Images

Former NBA guard Jarrett Jack is dribbling away from his Sandy Springs, GA, mansion. The grand home is back on the market for $2.85 million.

Following a 13-year stint in the league, Jack, 37, is ready to vacate his Atlanta-area home. He first placed the home on the market in November 2019, asking $3 million, but has sliced the price steadily over the past year. The Maryland native purchased the property in 2009 for $2.15 million.

Built in 2009, the luxury build on 1.3 acres is entered via a circular drive that features tropical, landscaped grounds. With six bedrooms and 6.5 bathrooms, the interior offers a whopping 11,000 square feet of living space.

Standout features include an oversized foyer with a spiraling double staircase, high ceilings, as well as floor-to-ceiling windows throughout the home.

The chef’s kitchen offers top-of-the-line appliances including a gas range, double ovens, high-end cabinetry, a center island with seating, and an eat-in nook.

The now essential home office offers eye-catching coffered ceilings, built-ins, and large windows that provide great views and natural light.

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Front exterior of mansion in Sandy Springs, GA

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Living area

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Chef’s kitchen

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Dining nook

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Home office

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One of two master bedrooms

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Master bathroom

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Master closet

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Bar

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Gym

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Cabana/outdoor kitchen

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Pool area

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For a buyer in need of options, the residence offers two master suites to choose from. The main level master suite offers a fireplace with a sitting area, spa tub, a huge walk-in shower, and a spacious custom walk-in closet.

The second master suite can be found on the upper level and offers several upgrades and an abundance of windows. French doors open to a large balcony overlooking the private and secluded backyard. Guest bedrooms also include private bathrooms and walk-in closets.

The home also offers a perk-packed terrace level, with an entertainment bar and hangout area, a fitness center, and a home theater.

Step outside, and you’ll feel the resort style vibe from the pool and spa, to the covered cabana with seating area, and a television to keep up on hoops action in the outdoor, built-in kitchen.

The listing details note that the home is conveniently situated near Chastain Park, as well as shops and restaurants. Downtown Atlanta is a just a 16-mile commute.

In 2005, Jack broke into the NBA with the Portland Trail Blazers. After three seasons in Rip City, Jack made his way all over the league, playing with eight other squads as a dependable guard.

Jessica Cooke Scarborough with Beacham & Company Realtors holds the listing.

The post Former NBA Guard Jarrett Jack Selling $2.8M Georgia Mansion appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

Extreme Makeover’s Ty Pennington Lists Bright and Beautiful Venice Beach Home

Reality TV star Ty Pennington, known for changing people’s lives with his energetic personality on the original version of Extreme Makeover: Home Edition, is now looking to cash in on his own home makeover. Pennington has just listed his house — a beautiful and bright 1927 Craftsman in Venice, Calif. — for $2,795,000.

Pennington put his home design expertise to good use and carefully restored the property earlier this year with the help of his trusted interior designer, Patrick Delanty. Delanty, also known to be Halle Berry’s designer, has long been working alongside Ty Pennington, serving as his design director for Extreme Makeover and running his on-air design segments, most notably his presence on The Oprah Winfrey Show, Rachel Ray Show, NBC’s Nightline and Good Morning America.

Just like its reality TV star owner, the home is bright, cheerful and quirky, with colorful interiors exuding creativity and style. The property is listed by Patrice Meepos of Compass.

inside ty pennington's bright home in venice, california
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 

Tucked away on a one-way street near the beach, Venice Boardwalk, canals and Abbot Kinney’s hot spots, the original 1927 dwelling has 3 beds, 3 baths, and a sizable living room with decorative fireplace, along with a sunken family room with large windows overlooking a newly landscaped, private back yard with koi pond.

inside Ty Pennington's house in Venice, CA
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 
living room in Ty Pennington's house in Venice, CA
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 
ty pennington bedroom
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 
sunken living room in ty pennington's house
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 
inside Ty Pennington's house in Venice, CA.
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 

The ground level hosts the kitchen, laundry room, and bedroom with direct backyard access, as well as a full bath. On the upper level, there’s a master retreat and a second bedroom. 

Ty Pennington added quite a few special touches to the 2,102-square-foot home, including bamboo flooring, baths adorned in vintage-inspired ceramic tile, a master bath sporting a standalone shower and an antique cast-iron freestanding tub, kitchen with concrete countertops and a wraparound, porcelain-tiled porch. There’s also a beautiful backyard that looks like a great place to entertain guests.

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Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 
ty pennington kitchen island
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 
ty pennington backyard
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 
ty pennington backyard entertaining area
Ty Pennington’s house in Venice, CA. Image credit: Anthony Barcelo 

While Ty Pennington did not return to host HGTV’s 2020 version of Extreme Makeover: Home Edition (which is hosted by Modern Family‘s Jesse Tyler Ferguson), you can catch the two time Emmy award winner in his other home improvement series, Trading Spaces — which recently restarted airing after a 10-year hiatus.

You can also get more tips from the home design expert from his latest book, Good Design Can Change Your Life, which is an intimate look at Ty’s design inspirations and is full of décor advice and tips. While we haven’t yet had the chance to pick up the book ourselves, according to his website the book is part reference, and part behind-the-scenes from Ty’s own home remodeling, which means the Venice home is already a bookshelf hit.

More beautiful celebrity homes

Morgan Brown Re-Lists Stunning West Hollywood Home Amid Split from Actor Gerard Butler
Wayne Gretzky is Selling his $22.9M California Home Designed by ‘The Megamansion King’
Chrissy Teigen & John Legend Buy $17.5M Beverly Hills Mansion After Cashing Big on Previous Home
5 Fabulous Homes of Your Favorite Formula 1 Drivers

The post Extreme Makeover’s Ty Pennington Lists Bright and Beautiful Venice Beach Home appeared first on Fancy Pants Homes.

Source: fancypantshomes.com

6 Types of Home Loans: Which One Is Right for You?

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If you’re a first-time home buyer shopping for a home, odds are you should be shopping for mortgage loans as well—and these days, it’s by no means a one-mortgage-fits-all model.

Where you live, how long you plan to stay put, and other variables can make certain mortgage loans better suited to a home buyer’s circumstances and loan amount. Choosing wisely between them could save you a bundle on your down payment, fees, and interest.

Many types of mortgage loans exist: conventional loans, FHA loans, VA loans, fixed-rate loans, adjustable-rate mortgages, jumbo loans, and more. Each mortgage loan may require certain down payments or specify standards for loan amount, mortgage insurance, and interest. To learn about all your home-buying options, check out these common types of home mortgage loans and whom they’re suited for, so you can make the right choice. The type of mortgage loan that you choose could affect your monthly payment.

Fixed-rate loan

The most common type of conventional loan, a fixed-rate loan prescribes a single interest rate—and monthly payment—for the life of the loan, which is typically 15 or 30 years. One type of fixed-rate mortgage is a jumbo loan.

Right for: Homeowners who crave predictability and aren’t going anywhere soon may be best suited for this conventional loan. For your mortgage payment, you pay X amount for Y years—and that’s the end for a conventional loan. A fixed-rate loan will require a down payment. The rise and fall of interest rates won’t change the terms of your home loan, so you’ll always know what to expect with your monthly payment. That said, a fixed-rate mortgage is best for people who plan to stay in their home for at least a good chunk of the life of the loan; if you think you’ll move fairly soon, you may want to consider the next option.

Adjustable-rate mortgage

Unlike fixed-rate mortgages, adjustable-rate mortgages (ARM) offer mortgage interest rates typically lower than you’d get with a fixed-rate mortgage for a period of time—such as five or 10 years, rather than the life of a loan. But after that, your interest rates (and monthly payments) will adjust, typically once a year, roughly corresponding to current interest rates. So if interest rates shoot up, so do your monthly payments; if they plummet, you’ll pay less on mortgage payments.

Right for: Home buyers with lower credit scores are best suited for an adjustable-rate mortgage. Since people with poor credit typically can’t get good rates on fixed-rate loans, an adjustable-rate mortgage can nudge those interest rates down enough to put homeownership within easier reach. These home loans are also great for people who plan to move and sell their home before their fixed-rate period is up and their rates start vacillating. However, the monthly payment can fluctuate.

FHA loan

While typical home loans require a down payment of 20% of the purchase price of your home, with a Federal Housing Administration, or FHA loan, you can put down as little as 3.5%. That’s because Federal Housing Administration loans are government-backed.

Right for: Home buyers with meager savings for a down payment are a good fit for an FHA loan. The FHA has several requirements for mortgage loans. First, most loan amounts are limited to $417,000 and don’t provide much flexibility. FHA loans are fixed-rate mortgages, with either 15- or 30-year terms. Buyers of FHA-approved loans are also required to pay mortgage insurance—either upfront or over the life of the loan—which hovers at around 1% of the cost of your loan amount.

VA loan

If you’ve served in the United States military, a Veterans Affairs or VA loan can be an excellent alternative to a conventional loan. If you qualify for a VA loan, you can score a sweet home with no down payment and no mortgage insurance requirements.

Right for: VA loans are for veterans who’ve served 90 days consecutively during wartime, 180 during peacetime, or six years in the reserves. Because the home loans are government-backed, the VA has strict requirements on the type of home buyers can purchase with a VA loan: It must be your primary residence, and it must meet “minimum property requirements” (that is, no fixer-uppers allowed).

USDA loan

Another government-sponsored home loan is the USDA Rural Development loan, which is designed for families in rural areas. The government finances 100% of the home price for USDA-eligible homes—in other words, no down payment necessary—and offers discounted mortgage interest rates to boot.

Right for: Borrowers in rural areas who are struggling financially can access USDA-eligible home loans. These home loans are designed to put homeownership within their grasp, with affordable mortgage payments. The catch? Your debt load cannot exceed your income by more than 41%, and, as with the FHA, you will be required to purchase mortgage insurance.

Bridge loan

Also known as a gap loan or “repeat financing,” a bridge loan is an excellent option if you’re purchasing a home before selling your previous residence. Lenders will wrap your current and new mortgage payments into one; once your home is sold, you pay off that mortgage and refinance.

Right for: Homeowners with excellent credit and a low debt-to-income ratio, and who don’t need to finance more than 80% of the two homes’ combined value. Meet those requirements, and this can be a simple way of transitioning between two houses without having a meltdown—financially or emotionally—in the process.

The post 6 Types of Home Loans: Which One Is Right for You? appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

How to Prepare For Closing Day [Free Downloadable PDF]

After you’ve successfully put in an offer for your dream home and set a date for closing, you’ve come to the final steps of your home buying journey. However aside from getting the keys, you’ll want to be prepared for the additional costs, and steps that will be required for a successful home purchase.

The Preparing For Closing Day guide contains information, tips, and more about what to expect on the big day. The guide will also include a checklist of what to prepare and an example of how to calculate the funds needed for closing.

To learn more about how you can best prepare for closing day, get our free buyer’s guide here.

Pre-Closing Day Checklist

To ensure a smooth process for your home transaction, you’ll still have a few steps to go through before you get your keys. Here are 6 steps to check off your list before closing day:

  1. Review your contract
  2. Complete a final walkthrough
  3. Meet with your lawyer
  4. Purchase home insurance
  5. Know how much cash is required at closing
  6. Secure cash required for closing

Cash Required At Closing

Understanding the costs that will be required at closing day is important to know even before you start your home search. Not only will you be prepared for what to expect, but this can help you with budgeting your costs.

Some examples of costs to include in your calculation:

  • Down payment
  • Title insurance
  • Legal fees
  • Land transfer tax

Statement of Adjustments

Another important document is your statement of adjustments, which will display any credits to both the buyer or seller as well as the final amount payable by the buyer on closing day. You can expect the following to be listed in the statement:

  • Purchase price
  • Your deposit
  • Prepaid property taxes, utilities or fuel
  • Prepaid rents 
  • Appraisal fee
  • Land survey fee

For a sample calculation of cash required at closing, download our Preparing For Closing Day guide here.

The post How to Prepare For Closing Day [Free Downloadable PDF] appeared first on Zoocasa Blog.

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