4.5% Interest Rate on Select Homes Unlock Your Dream Home

Posts in December 2021

Antares Blog by Date

10 New Year’s resolutions for your home

December 22, 2021
10 New Year’s resolutions for your homeIt’s that time of year again when we look back to see what we’ve accomplished—and what we didn’t. So, we create a list of things we’re going to improve once January 1 rolls around. What better place to focus your improvements than on your home? To get you started, here are some ideas for New Year’s resolutions for your home. I will… 1. Declutter my closets. We all have them—those hideaways where we toss, stash and pile those things we don’t want to don’t use all the time but don’t want to throw away. Imagine your closet had no door. Would you still keep it at the same level of (dis)organization as it is now? If your answer is “no”, then resolve to make a change here. Take everything out of the closet. Everything! Purge those things that get pushed to the back, because you probably don’t need them. Donate usable items to charities or thrift shops. Organize the items you want to keep, in bins that can be labeled. And get rid of the miscellaneous clutter!2. Organize my garage. Is your garage like an oversized closet? Is the storage organized? Are you holding onto tools that don’t work? And can you easily find the ones that do? Plan a weekend to tackle this space. Haul everything out and examine what you have. Install pegboard to hang tools and manuals. Invest in garage storage cabinets or shelves. And while your garage is empty, paint the floor to make it look new again! 3. Be more energy-efficient. Start with doing an energy efficiency audit. Your utility company probably offers this service at no charge. Look at your electrical and water use. Where can you do better? Take shorter showers? Lower your thermostat temperature by two degrees? Use the dishwasher instead of washing by hand (yes, it’s not only more efficient but a whole lot easier!). Change to a low-flow showerhead and toilet? EPA-certified WaterSense products can save you up to $200 per year off your water bill. Sealing the drafty ducts, windows, and doors in your home can save another $200, according to ENERGY STAR.4.Take a DIY class. Improve your home improvement knowledge by taking a free class at a local home center. Learn how to fix a leaky faucet, caulk your air ducts, install laminate flooring, plant a vegetable garden, add a deck or patio, or some other skill or project that gets you excited.5. Finally fix that _________. Is there a creaky hinge or stair that used to bother you but you have now tuned out? Do you have a door that doesn’t shut right or a window that sticks? Make a list of those little fixes that never seem important enough to grab your attention. Then prepare for a fix-it day by making sure you have the tools and supplies you need to get it all done. 6. Rethink my décor in at least one room. Maybe you have a room in your home that could use a facelift. It can be as simple as rearranging the furniture or painting the walls a new color, or as complex as a complete makeover from top to bottom. Updating your interior décor is always a great investment of your time, so create a plan, add a schedule, and make it happen.7. Build a budget for home improvement. Give your home its own savings account. Set aside money to cover upgrades and updates. Deposit some of the money you save on energy efficiency into this account. If you get a rebate or bargain price on something you’ve purchased for your home, apply the difference to your home improvement savings account.8. Do a home safety check. Check the batteries on your carbon monoxide and smoke detectors, and make sure they’re in good working order. Recharge your fire extinguishers. Check all electrical cords and outlets to make sure you have no fire hazards, including frayed cords, non-functioning outlets, and items covering cords or too close to outlets. Check the locks on your doors and windows, and consider installing a security camera. The Federal Emergency Management Agency (FEMA) provides a complete home safety checklist.9. Clean the places I usually forget. How often do you clean your gutters, vents, windows, chimney, barbecue, and kitchen stove hood? Do you pressure wash your patio or driveway? Take a walk through your home and make a list of those spaces and places that deserve a good cleaning now and then. And remember, if you don’t want to do it yourself, you can always hire someone to take care of these dirty jobs for you!10. Boost my curb appeal. Stand by the curb and honestly appraise your curb appeal. Is your front door welcoming? How healthy are your shrubs and plants? Could your house number be a little more attractive? Chances are, you could update your exterior with some more interesting planters, décor, and a coat of paint on your front door.You know there’s room for home improvement in the coming year. Give yourself a calendar of tasks and projects and, unlike your dream of losing weight or breaking a bad habit, stick to the New Year’s resolutions for your home.

Buying a House? Here’s What You Need to Know About Credit Scores

December 7, 2021
Buying a House? Here’s What You Need to Know About Credit Scores.Credit score worry is incredibly common among first-time home buyers. Is your score good enough to secure a loan? Can you boost your credit score before you buy a home? What’s a “good” number? In this article, we try to answer the most common questions about credit scores to help you understand what you need to do in order to secure a loan.How is my credit score determined?Before we dive into what lenders need, let’s talk about the basics. As in, what is your credit score made up of?There are quite a few factors that go into your credit score, including…• Your payment history, including late payments.• Current credit usage and debt.• The types of accounts you have.• Recently opened credit lines.• How long you’ve had your accounts open (the “age” of your accounts).The good news is each of these factors allows you to improve your credit score. Avoid outstanding late payments, keep accounts open, and try to keep debt low (if possible). More on that below.  Why do lenders need my credit score?Lenders use credit scores to assess risk when considering a loan. Based on how much debt you have, whether you’ve paid off loans consistently, and your current credit status, lenders can predict how likely you are to pay off your home loan. For this reason, your interest rate is also tied to your credit score – buyers with higher scores tend to secure lower interest rates.What’s a “good” credit score?First, it’s important to know mortgage lenders are required to follow rules when reviewing mortgage loan applications. There isn’t one secret number that will guarantee you a loan, nor is there a specific number needed for each type of loan. There are four main loan types – here are the minimum credit scores you need to secure each one:• Conventional Loan (the most common home loan) – 620• FHA Loan (the most inclusive loan type, but it does require a 3.5% down payment) – 580• VA Loan (available for active-duty service members and veterans) – 580• USDA Loan (government-backed mortgages for non-urban homes) – None officially, but 620 is preferred. Each of these loans has other requirements, so you’ll need to weigh your options carefully and make sure you qualify for the type of mortgage loan you’re afterHow can I raise my credit score?Considering how important your credit score is, it’s not always easy to find helpful information on improving your score. But that doesn’t mean it isn’t possible. Here are a few tips to raising your credit score:• Do not miss payments! Pay all your bills on time• Your credit utilization factors into your credit score, so try to minimize your usage before buying a home. Consider temporarily increasing payments to lower this number• Don’t open a new credit line at least six months before beginning the home-buying process Opening new accounts lead to a hard inquiry on your credit report, which can impact your score• Keep old accounts open until after you’ve secured a mortgage loanWhat else will lenders need to know besides my credit score?In addition to your credit score, lenders will ask for additional information to determine the risk level of providing you with a mortgage loan, as well as your ability to pay back a loan. Here are a few other factors lenders will be interested in:• Your income and your partner’s income if you’re jointly purchasing a home• Employment history• Your debt-to-income ratio• The amount you intend to use as a down payment• Your savings funds• Whether you’ve filed for bankruptcy beforeYour credit score allows lenders to understand your financial health. But if your score doesn’t meet the minimum to secure a mortgage loan or a lower interest rate, don’t worry. You can raise your credit score by following the tips above. Just remember to be patient – it can take six months for changes to appear on your credit report. Regularly check in on your score, pay attention to ways you can raise your score, and ask for help when needed, and you’ll be ready to take out a mortgage loan in no time. 
  • Page 1 of 1