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

Sick of Sky-High Energy Bills? Seal Your Home

December 30, 2015 12:24 am

(BPT)—We’re all inclined to crank the heat up when winter’s chill hits. But many of us are not inclined to look for areas that may be impacting the temperature of our homes—and our budgets.

Drafts and air leaks, for example, can lead to temperature fluctuation and higher than normal heating bills if left unresolved, according to the experts at Icynene (www.icynene.com). Gaps in insulation coverage can also be a major contributor, as well as inefficient performance of HVAC equipment.

Air leakage from walls, windows, ceilings and floors can account for up to 40 percent of the energy lost by your home, potentially costing thousands of dollars annually. Air leakage can also contribute to potential moisture problems that can affect occupant health and the home's durability, according to the U.S. Department of Energy.

To reduce drafts and air leakage, have a certified HERS rater assess your home and identify problem areas. He or she can also help evaluate ventilation needs.

Once all sources of air leaks have been detected, apply air sealing techniques and materials. Caulking and weather-stripping are two of the most popular and common techniques that can help address air leaks, as well as high-performance spray foam insulation. Spray foam insulation works well in all climates to seal the building and fill every gap to stop air leakage and help reduce the strain on HVAC equipment.

Published with permission from RISMedia.


Tags:

Time to Close a Loan Ticks Up

December 30, 2015 12:24 am

The time it takes to close a loan has gone up an average of three days, increasing to 49 days for both conventional and FHA loans and 50 days for VA loans, according to a recent Ellie Mae® report.

“We are beginning to see the anticipated impacts of the Know Before You Owe changes that went into effect in October,” says Jonathan Corr, president and CEO of Ellie Mae. Know Before You Owe, or the RESPA-TILA regulation, is designed to inform consumers of their loan options, help them shop for the best mortgage and prevent mishaps on the road to close.

The Ellie Mae report also shows that the average FICO score on all closed loans fell to 721, marking the sixth consecutive month of decline. The driver of the FICO reduction appears to be average FHA refinance FICO scores falling for the second straight month to 648.

Source: Ellie Mae

Published with permission from RISMedia.


Tags: