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

The Future Is Calling! Homebuilding Innovations to Watch

May 27, 2016 1:36 am

(BPT)—Technology’s evolving at a rapid pace, no more so than in our homes—and in fact, there are innovations pioneering the next phase of advanced homebuilding as we speak. Three of the most exciting:

Bio Concrete – Concrete is the world’s most common building material—but that doesn’t mean it’s the most durable. Chemicals, shifting Earth, temperature fluctuations and weather-related wear and tear all contribute to cracks and deterioration.

Several years ago, scientists in the Netherlands developed bio concrete, a type of concrete that can repair itself if cracked. The material is laden with limestone-creating bacteria that work to "heal" cracks, similar to the way bones heal themselves when broken.

Cross-Laminated Timber – An alternative to concrete, cross-laminated timber (CLT) is produced from small bits of timber glued into large slabs. CLT is as strong (and fireproof!) as steel. It is cut via a robotic router, which shapes the slabs based on dimensions fed to it by a computer. The pieces are then assembled much like IKEA furniture, cutting down construction time significantly.

Sound-Dampening Drywall – In a household where several devices may be running at any given moment, finding quiet can be a challenge. A new development in drywall reduces noise between rooms, blocking the amount of sound carried through walls and ceilings.

Which innovation are you most excited about? These may become the norm sooner than you think!

Source: CertainTeed

Published with permission from RISMedia.


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VA Loans: What They Are and How They Work

May 27, 2016 1:36 am

Most active-duty service members and veterans and some National Guard members and reservists can seek out home-related loans through the U.S. Department of Veterans Affairs (VA).

VA home loan programs may be used to finance the purchase of homes, condominiums or manufactured homes, refinance an existing home loan, or install energy-saving improvements. The three main types of guaranteed home loan benefits are:

• Purchase Loans
• Cash-Out Refinance Loans
• Interest Rate Reduction Refinance Loans

Qualified vets need suitable credit, sufficient income and a valid Certificate of Eligibility (COE) to be eligible for a VA-guaranteed home loan. Private lenders underwrite and fund VA home loans according to VA standards. VA’s partial guaranty for these loans means that nearly 90 percent of all VA-guaranteed home loans are made with no down payment required.

If a VA-guaranteed loan becomes delinquent, the VA will work with the borrower to avoid foreclosure, including providing financial counseling and, in some cases, direct intervention with a mortgage loan servicer on the borrower’s behalf.

Any veteran or service member having difficulty making mortgage payments should call (877) 827-3702 to speak with a VA Loan Technician. More information about avoiding foreclosure can be found at: benefits.va.gov/HOMELOANS/resources_payments.asp.

Native American veterans who want to live on Federal Trust land can seek assistance through the VA’s Native American Direct Loan (NADL) program, which provides direct loans to eligible Native American veterans for the purchase, construction or improvement of a home.

The VA also offers grants to veterans with certain service-connected disabilities to build an adapted home or make modifications to an existing home. Three types of grants exist: Specially Adapted Housing, Special Housing Adaptation, and Temporary Residence Adaptation.

Homeless veterans, or those at imminent risk of becoming homeless, are urged to contact their local VA medical center, call (877) 424-3838, or visit va.gov/homeless.

Consult your real estate professional to learn more about the VA’s home-related services, or visit explore.va.gov/home-loans-and-housing.

Published with permission from RISMedia.


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