RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Want to Get to Know Your Neighbors? Take Fido for a Stroll

October 3, 2016 2:21 am


Every one of us believes we’re a good neighbor—99 percent of the homeowners recently surveyed by the Community Associations Institute (CAI), that is. According to the CAI survey, most of us believe we possess neighborly characteristics, including being “friendly,” “helpful,” “quiet” and “respectful” of privacy.

Being neighborly goes beyond a passing wave, however. The survey found neighborly behaviors foster a sense of community, with 86 percent of respondents having pride in their neighborhood, and recommending it to those in their circle. Seventy-four percent of respondents routinely participate in social gatherings in their community, as well, while 54 percent volunteer for neighborhood activities and 30 percent take part in neighborhood recreation.

“Across the nation, Americans are demonstrating how to make home more enjoyable—they're volunteering, taking part in their local government, and participating in neighborhood social activities,” says Thomas Skiba, CEO of CAI. “As champions of building better communities, we know there is usually a strong correlation between the level of homeowner involvement and the long-term success of a community.”

Interestingly, 83 percent of respondents become acquainted with their neighbors not at neighborhood events, but while walking their dog. Remember that the next time you move to a new neighborhood!

Considering a move to a new community? Contact me for assistance today!

Source: Community Associations Institute (CAI)

 

Published with permission from RISMedia.


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Just In: Credit Report Change Could Benefit Buyers

October 3, 2016 2:21 am


An upcoming change on credit reports could be beneficial for homebuyers.

Equifax, one of the nation’s three leading credit reporting bureaus, recently announced the addition of up to two years of debt balance and repayment history on its credit reports. The change became effective Sept. 24, 2016.

The change, Equifax stated in a release, will impart heightened understanding of creditworthiness as it relates to approval of a loan. Recent research out of Fannie Mae shows that borrowers who pay off their credit card debt every month are 60 percent less likely to become delinquent on their mortgage, compared to borrowers who only make the minimum payment. Including debt balance and repayment information in the report will give mortgage lenders deeper insight when evaluating an application, beyond assessing the applicant’s credit score.

“For nearly three decades, mortgage lenders have used the same static formula to determine whether or not someone receives a home loan,” stated Craig Crabtree, general manager of Equifax Mortgage Services, in the release. “Leveraging trended credit data to evaluate how borrowers actually manage and pay off their credit debt could have enormous potential in terms of opening up credit and providing many Americans with access to mortgage loans that they previously may not have qualified for.”

Planning to buy a home soon? Contact me today to discuss your credit and lending options.

Source: Equifax

 

Published with permission from RISMedia.


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