The Humphrey Team

THE HUMPHREY TEAM

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More Homebuyers Interested In FHA Loans

Aug 28, 2015 in Homeowner . 0 Comment

More Homebuyers Interested In FHA Loans

The Federal Housing Administration has announced its monthly figures, and the numbers are surprising. Buyers are continuing to show increased usage of FHA loan products. Here are some reasons why buyers are suddenly showing more interest in FHA loans.

The Numbers

The FHA has revealed that it endorsed 102,800 loans in May. The announcement marked the second month in a row that FHA loans have surpassed the 100,000 mark. This means that the FHA is on track to beat fiscal its projections. The FHA’s annual actuarial report estimated that it would endorse a total of $124.5 billion in single-family loans in 2015. At the present rate, the FHA can be expected to endorse a total of $190 billion in single-family loans. This represents 50 percent more than what was projected in the audit. This elevated activity is a result of several factors. 

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Organization Tricks for Small Spaces

Aug 26, 2015 in Homeowner . 0 Comment

Organization Tricks for Small Spaces

Living in a small space doesn’t doom you to a life of crowded chaos. Making the most of your existing square footage requires some sleight of hand. These organization tricks are the next best thing to waving a magic wand to make your clutter disappear. 

Maximizing Storage Space

Small spaces require significant storage options. These can include built-in cabinets and free-standing units. Media centers, wardrobes, desks, dressers and medicine cabinets are good options for storing your personal objects out of sight. Additional storage options are the best way to make a small space seem bigger; reducing the number of items in a room will make it look larger. When spaces are tight, the number of storage options is limited as well. In some cases, it’s impossible to add another item to the room. Tight budget requirements may also be a factor. In such instances, it’s important to maximize the use of every storage unit in your home. 

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Top 3 Markets for First Time Buyers

Aug 24, 2015 in Homeowner . 0 Comment

Top 3 Markets for First Time Buyers

Purchasing your first home is an exciting and somewhat daunting challenge. It is one of the biggest milestones for a consumer. Picking the perfect house involves making a number of major decisions. The decision with arguably the most far-reaching implications involves choosing the right location. Buying a home is a great decision in any city. Buying a home in one of the following markets is even better. 

National Trends

According to the National Association of Realtors, there were fewer first-time homebuyers in 2014. The numbers revealed that 33 percent were first-time buyers as opposed to the historical average of 40 percent. Additionally, a recent Gallup poll indicated that over 40 percent of non-homeowners don’t plan to buy a home. This is a 10 percent increase in just 2 years of individuals with no plans to purchase a home in the near future. However, the numbers tell only part of the story. Recent findings show that loans backed by the Federal Housing Administration are rising. FHA loans are popular among first-time buyers. Thanks to lower mortgage insurance premiums, these loans are more affordable than ever before. It’s a great time for first-time buyers to get their feet wet. 

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The Buzz about Bee Decor

Aug 21, 2015 in Homeowner . 0 Comment

The Buzz about Bee Decor

Ever since Napoleon Bonaparte adopted the bee as his personal symbol, bee decor has flourished. A resurgence of back-to-nature lifestyle and techniques means that this centuries-old symbol of industry is in vogue again. Learn how to add French flair to your home by decorating with bee-themed motifs.

History

Legends abound as to why Bonaparte chose the bee to represent his regime on both his flag and decor. The insect is rumored to symbolically represent two ancient dynasties. Childeric I, the first recognized French king, had golden stylized bees made of gems scattered in his grave. The ancient Egyptians used bees in hieroglyphs to represent both royalty and deity. Regardless of the reason, once Napoleon began using the symbol, bees appeared everywhere in the French court. Clothing, bed frames, fabric, picture frames and embroidered samplers all featured the industrious insect. It often appeared surrounded by a wreath or accompanied by a crown.

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How to Mix Patterns in Home Decor

Aug 19, 2015 in Homeowner . 0 Comment

How to Mix Patterns in Home Decor

Coordinated mixed patterns add designer flair to a home. They help avoid over matching, allowing you to express your individuality through design and color. Learn the basic rules for successfully mixing home decor patterns.

Use the Right Proportions

To avoid patterns from competing with each other, balance the proportions using the 60/40/10 rule. Select a favorite pattern to display at the 60 percent ratio. A secondary pattern should cover 40 percent of the area. Finally, use an accent pattern for the remaining 10 percent. You can use this scale over the entire room or on a single focal point such as a bed.

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