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

Family Time: 8 Ideas for Memorable Traditions

August 25, 2016 2:42 am


As adults, many of our happiest memories revolve around the activities we did with our families—beachside barbecues, Fourth of July picnics, a special cake for birthdays. As parents, our goal is to create the same lasting memories that will stay with our children for their lifetime.

From Real Simple and Parents magazines come nine ideas to break out of your family’s routine and make for great memories:

Family Game Night – Each week, allow one child to decide which game will be played by the family. Have everyone share a snack of that child’s choosing, too.

Happy Half-Birthday – Celebrate half-birthdays with burgers or hot dogs sliced in half, half-filled beverages and a half-vanilla, half-chocolate cake. Sing ‘Happy Birthday,’ but stop singing halfway through the song.

Mommy/Daddy Dates – Every child craves special time with a parent. Once a month, Mom or Dad takes one child out for a special experience or treat.

Topsy-Turvy Day – The children wake up to find their toothbrushes in the fridge, their shoes in the hall, or whatever else you choose to misplace—and come to breakfast to find dinner, or dessert!

Santa’s Toy Swap – Along with cookies and milk, have each child leave a few gently used toys that Santa’s elves can give to other children.

‘Special You’ Plate – Comb the thrift store for one special plate—something colorful and whimsical. Each time a child does something special—an award at school, a good deed—he or she gets the special plate at dinner.

Service Project Day – Once a month, have the whole family pitch in at your local food pantry or soup kitchen, or volunteer for another community service activity.

‘Yes’ Day – Every time you say no to your children, have them put the request in writing and drop it in a jar. Each month, let each child pick one activity from the jar that you must agree to go along with.
 

Published with permission from RISMedia.


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The Average Credit Scores of First-Time Homebuyers

August 25, 2016 2:42 am


Your credit score is one of the most important considerations in the home-buying process, determining not only the approval of a mortgage, but also the rate attached to it.

As a first-time homebuyer, you may be wondering what the ideal score is. A recent update from the Ellie Mae Millennial Tracker™ may shed some light on the answer.

According to the Tracker, the average FICO score of a millennial borrower who closed on a home loan this summer was 723; the average FICO score of a millennial borrower who closed on a conventional loan, however, was 748. The average FICO score of a millennial borrower who closed on an FHA loan this summer was lower, at 691. The majority of millennials in Ellie Mae’s Tracker obtained a conventional loan.

“Economic uncertainty may be contributing to a general tightening of credit, which could explain why we are seeing a slight uptick in the average FICO scores for closed loans to millennials,” said Joe Tyrrell, executive vice president of Corporate Strategy at Ellie Mae, in a statement. “We also continue to see FHA loans play a significant role in helping millennials make their homeownership dreams a reality. These types of loans make up 37 percent of all closed loans to this generation, compared to just 23 percent of closed loans across all generations of homebuyers.”

FHA loans averaged 45 days to close this summer, according to the Tracker; conventional loans averaged one day less, at 44.

Source: Ellie Mae
 

Published with permission from RISMedia.


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