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

6 Garage Safeguards for New Homeowners

June 4, 2015 1:24 am

Most new homeowners are not only new to homeownership, but new to owning a garage, as well. It’s important for all homeowners, especially those with children, to stay safe while entering and exiting the garage. Here’s how, according to the experts at OverheadDoor.com.

1. Make sure the garage door opener control button is out of the reach of children and their small fingers and do not let them play with garage door remote controls.

2. Never place fingers between door sections. Consider pinch-resistant door panels to help prevent accidents.

3. Visually inspect the garage door for wear and tear. Pay particular attention to springs, cables, rollers and pulleys. Do not attempt to remove, adjust or repair these parts or anything attached to them. These parts are under high tension and should only be fixed by a trained garage door professional.

4. Test the reversing mechanism by placing a 2-inch by 4-inch board in the door's path. If the door does not reverse after contacting the object, call a qualified garage door professional for repair. If the opener has not been replaced since 1993, replace the garage door opener with a new one that has safety beams and auto-reverse as a standard feature.

5. While on vacation, unplug the garage door opener unit or use the vacation lock security switch on the wall console, which renders remotes unusable and is an optional accessory to most openers.

6. Do not leave the garage door partially open. When activated again, it may travel downward and come in contact with an object in its path. This also compromises a home's security.

Source: OverheadDoor.com

Published with permission from RISMedia.


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Step One in the Mortgage Process: Review Credit

June 4, 2015 1:24 am

If you are considering buying a home, understanding your credit report and score is the first step toward obtaining financing for your purchase. According to a recent TransUnion report, a majority of would-be homebuyers remain misinformed about the mortgage process, including the factors dependent on credit scores and steps to improve credit before buying.

“Leading up to a home purchase is a particularly important time to check and understand your credit score, as it affects lending rates and mortgage terms,” explains Ken Chaplin, SVP at TransUnion. “We recommend prospective home buyers begin regularly checking their score at least three months before securing a mortgage in order to maximize their potential for the best financing options.”

Per the report, half of potential homebuyers correctly identified what factors can be impacted by a credit score, including interest rates, the amount they can borrow and their mortgage lending terms.

Less than half of potential homebuyers, however, understand their credit score measures the amount of debt they hold, the risk of not repaying back a loan, or the financial resources they have to pay back loans. About a third of prospective homebuyers incorrectly believe increasing their income or closing old accounts before applying for a mortgage would help improve their scores.

A nearly equal amount of potential homebuyers believe one month prior to purchasing is a suitable timeframe to check credit scores. One month gives homebuyers little time to take action if they discover fraudulent activity like identity theft or old, unpaid credit card debt that could negatively affect their score.

After reviewing your credit report and score, take time to research loans, rates and brokers before signing a contract. Doing this work ahead of time will pay off later with a better rate and terms. Be realistic with what you can afford. The larger your down payment, the wider your options. Putting more money down, up front, will help ensure you pay less each month.

Source: TransUnion

Published with permission from RISMedia.


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