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

What to Consider before Borrowing Home Equity

September 30, 2014 1:31 am

In the first quarter of 2014, lenders approved $13 billion in home equity loans and lines of credit (HELOCs). Economic conditions have continued to improve, as the recession fueled by underwater mortgages gives way to rising home values across the country.

While this shift signals the beginning of a renewed confidence in borrowing against a home’s equity, homeowners should tread carefully. If you’re considering borrowing, keep in mind these facts.
- With fixed interest rates and payments, home equity loans may be a safer option. HELOCs have variable rates, so an increase may be detrimental to your payment plan.

- Lenders still require adequate income and credit, and most will set a maximum limit of 80 to 85 percent of the home’s value.

- Debtor habits can spell disaster for those who borrow equity against their home. Don’t borrow for unnecessary expenses, such as vacations.

- Homeowners should work toward paying back the loan quickly; however, it is acceptable to extend the life of the loan if making an investment in the home, such as a kitchen renovation.
Source: Bankrate.com

Published with permission from RISMedia.


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Support Healthy Eyesight with Optimal Foods

September 29, 2014 1:31 am

According to a recent survey conducted by DSM Nutritional Products, 83 percent of adults in the U.S. believe worsening eye health is inevitable with age. What many don’t realize is that there’s a connection between healthy eyes and proper nutrition, and it goes beyond eating carrots.

“Incorporating certain nutrients into the diet can support a lifetime of healthy vision and help protect against serious conditions, including cataracts and age-related macular degeneration (AMD),” says Dr. Kimberly Reed, optometrist and Ocular Nutrition Society board member. “The latter affects more than 2 million Americans and can lead to severe visual impairment.”

Studies have found that the typical American diet lacks the nutrients people need and many adults struggle to get the recommended amounts from food alone. Just 10 percent of adults are getting nutrients crucial to eye health – lutein and zeaxanthin.

The survey also found that many Americans aren’t focused on maintaining their eyesight. In fact, if given the opportunity, nearly a third of adults would take a material luxury item over a lifetime of perfect vision, and more than 1 in 5 Americans are more concerned with maintaining their youthful appearance than healthy eyesight.

According to Reed, one essential way to maintain eye health throughout life is to focus on a diet packed with the nutrients known to support eye health, including:
  • Lutein and Zeaxanthin: Colorful fruits and vegetables like broccoli, spinach, kale, corn, green beans, peas, oranges, and tangerines
  • Omega-3 (DHA/EPA): Fatty fish, including salmon and herring, fish oil, and algae
  • Vitamin E: Oils, wheat germ, almonds and peanuts
  • Vitamin C: Citrus fruits and berries
  • Zinc: Beef, pumpkin seeds and lentils
“It is difficult to obtain all of the nutrients that support eye health from food alone,” says Elizabeth Somer, registered dietitian and author. “To fill in the gaps, consider adding a supplement specifically formulated for eye health and vision to your diet.”

Source: VitaminsinMotion.com

Published with permission from RISMedia.


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