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

Do You Live in One of America's Most 'Handi-Able' Communities?

August 5, 2016 1:48 am


People with disabilities have distinct considerations to make when searching for housing in a new city, including accessibility of facilities and quality of healthcare.

WalletHub.com recently analyzed 150 of the most populated cities in the country to determine the most "handi-able" locations, or those best suited for people with disabilities. Key indicators were measured in the analysis, such as number of physicians per capita and rate of employed people with disabilities.

According to the analysis, the 10 best cities for people with disabilities are:

1. Overland Park, Kan.
2. Scottsdale, Ariz.
3. Peoria, Ariz.
4. Tampa, Fla.
5. St. Petersburg, Fla.
6. Huntington Beach, Calif.
7. Oklahoma City, Okla.
8. Gilbert, Ariz.
9. Honolulu, Hawaii
10. Santa Clarita, Calif.

Stats emerging from the analysis include:

​• The percentage of the population with disabilities living below poverty level in Cleveland is five times as high as in Overland Park, Kan.

• The employment rate of people with disabilities in Amarillo, Texas is twice as high as in Pembroke Pines, Fla.

• The cost of a doctor visit in Milwaukee is three times as high as in Jacksonville, Fla.

• The annual cost of in-home services in San Francisco is twice as high as in Brownsville, Texas.

• The percentage of persons with disabilities living in Cleveland is four times as high as in Irvine, Calif.

• The percentage of the population with walkable park access in San Francisco is four times as high as in Charlotte, N.C.

For more statistics from this analysis and others, visit WalletHub.com.
 

Published with permission from RISMedia.


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Study: Credit Card Spend Rises Before Mortgage Closing

August 4, 2016 1:45 am


Altering credit habits in the time leading up to the closing of a mortgage can affect the outcome of the loan. Despite this, many mortgage borrowers—movers and refinancers—charge more to their credit cards before a loan closes, found a study by TransUnion, one of the three credit reporting bureaus.

“A long-held assumption among lenders is that new mortgage applicants spend less on their credit cards prior to their mortgage closing event—either to ensure their credit picture does not change or simply because they anticipate spending more once they move into their new home,” said Charlie Wise, co-author of the study and vice president of TransUnion’s Innovative Solutions Group, in a statement. “Our research indicates that millions of consumers actually increase their card spending in the months before the new mortgage origination. Whether it’s to purchase furnishings or make updates to their existing property, many consumers who move increase their spending before moving into their new residence.”

Results of the study show borrowers charge two to three times more to their credit cards in the months prior to the mortgage closing.

“Card spending increases are even greater for mortgage borrowers who refinance,” Wise continued. “These consumers may be anticipating lower mortgage payments, and take advantage of the greater available cash flow by increasing card spending in the months before their refinancing.”

The study analyzed the behaviors of more than 16 million prime or better-risk borrowers over two years.

Source: TransUnion
 

Published with permission from RISMedia.


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