Showing posts with label FHA MORTGAGES. Show all posts
Showing posts with label FHA MORTGAGES. Show all posts

Tuesday, January 31, 2012

Who Needs Super Bowl Tix When You’ve Got a Man Cave?

Who Needs Super Bowl Tix When You’ve Got a Man Cave?

It may sound like a football fan’s dream to attend a Super Bowl game live and in person. But really? Indianapolis? In February?
Unless you are a rabid fan of the New York Giants or the New England Patriots — the conference champs who will square off in Super Bowl XLVI on Sunday, Feb. 5 at the Lucas Oil Stadium — there really are better places to watch the NFL title game.
Like, a tricked-out, beer-tapped man cave!
Homes with “man caves” — or rooms with giant TVs, sports memorabilia, wet bars, and comfy couches — have grown in popularity over the years and have become the go-to place on big game days. Or, dare we say big movie nights?
Just in time for the big game, we found some homes for sale with man caves that offer the ultimate place to watch on Super Bowl Sunday. So, sit back, pop a cold one and pass the chips and dip while we tour a few man cave beauties we found.



9124 Eagle Point Loop Rd SW, Lakewood, WA 98498 (above)
For Sale: $1,295,000
Cars, kitchen, couches, and TVs – what more could a guy ask for? “Designed for a car enthusiast,” this 7,800-sq ft home sits on a gorgeous, waterfront parcel of Lakewood real estate with 3 bedrooms, 3.5 bathrooms, 2 dining rooms, library, hobby room, and a 1,000-sq ft entertaining deck. The only space needed this weekend, however, is the “man cave,” which is equipped with a full kitchen, car elevator, bathroom, workshop, and adjacent billiards room.



1445 W Grande Cir # 7, Washington, UT 84780 (above)
For Sale: $6,995,000
Gentlemen, start your drooling. Located in Washington, UT, this 24,500-sq ft home sports the ultimate man cave amenity: Its very own sports pub. Four ceiling-mounted TVs offer a 360-degree view of the game, and the hardwood floors, full bar, bar tables, and a pool table complete the pub ambiance. As an added bonus, there’s also a two-lane bowling alley, swimming pool, gym, theater, spa, and arcade room for alternative means of entertainment during half-time. This resort-like estate is currently listed on the Washington real estate market for $6,995,000.



15 Cape Harbour Pl, Spring, TX 77380 (above)
For Sale: $2,999,000
Talk about an architectural tongue-twister: Here’s a “French colonial constructed of vintage old Chicago brick with an English Pub-inspired man cave in Texas.” That’s a mouthful, but believe it or not, this home really does exist and is listed on The Woodlands real estate market with a recently reduced asking price of $2,999,000. The 5-bedroom, 7-bathroom home is Super Bowl-ready with a “one-of-a-kind man room” that includes a poker table, full bar, kitchen, pool table, dart board and more.


3317 Dartmouth Ave, Dallas, TX 75205 (above)
For Sale: $3,695,000
With its marble columns, wrought-iron chandelier, and painted ceiling, the man cave in this ornate Dallas estate takes you back to the Renaissance. Populated with a mounted, flat-screen TV, dart board, pool table and arcade games, however, makes it an elegant and appropriate destination for hosting Super Bowl festivities. Recently taking a $300,000 price cut, this 4-bedroom, 6-bathroom home is currently listed on the Highland Park real estate market for $3,695,000.

3675 Decoursey Bridge Rd, Cambridge, MD (above)
For Sale: $30,000,000
Noted as “one of the most significant hunting and equestrian estates” — not only on the Cambridge real estate market but in the entire United States — this property called Tudor Farms is sprawling: 6,250 acres and an 11-bedroom, 10.5-bathroom lodge-style home. Super Bowl Sunday festivities wouldn’t be lacking for a proper space here, either. Among the 14,000 square feet of living space is a cabin-like man cave with log columns, corner-mounted TV, pool table, shuffle board and bar



1255 Pacific Ave, Laguna Beach, CA 92651 (above)
For Sale: $7,995,000
Outfitted with white floors, ceilings and walls, there’s no place for messy tailgate appetizers at this gleaming property. A contemporary piece of Laguna Beach real estate, this 9,500-sq ft luxury home includes a sharp entertainment lounge with wet bar and media area for a more sophisticated Super Bowl get-together. Additional amenities include a wine cellar with tasting area, professional-grade gym, sauna, elevator, and outdoor entertaining area with a 74-foot lap pool, spa, and a rooftop deck.



151 Haggetts Pond Rd, Andover, MA 01810 (above)
For Sale: $6,500,000
If a mid-game dip is more your style, then a home with poolside TVs and full bar may be your best Super Bowl bet. Currently listed on the Andover real estate market for $6,500,000, this 9-bedroom, 9.5-bathroom home features an indoor pool with slide conveniently situated next to a bar with two TVs. The massive 20,000-square-foot home also includes a full basketball court, theater, arcade, exercise room, custom locker rooms, billiard room, and bowling alley.

Contact The Mortgage Mark with any Mortgage or Real Estate Questions!

www.themortgagemark.com

mwilkins@capitalfmc.com 

Monday, July 19, 2010

Summary of FHA changes for 2010

What was just hearsay and what has actually happened?


A summary of FHA changes since the first of the year, 2010.

The main changes are…

1. 3.5% down payment. This happened last year, actually, from the 3% down mark of previous years. The amount is an extra $500 from a home buyer purchasing a $100,000 home. We didn’t even feel the change – if HUD gets excited about lending $500 less, then I say we let them have this one. The upside is that the payment gets better by $3 to $5 per month.

2. 2.25% Up-Front Mortgage Insurance premium. This used to be 1.75%. On a $100,000 mortgage it means an extra $500 in the loan amount and around $3 to $5 per month more in the payment for a 30 year or 15 year fixed loan respectively. Yes, the increase here exactly offsets the savings in #1 above.

3. The monthly mortgage insurance premium will also increase in certain situations. Right now the monthly amount is .55% per year in most cases, and on a 15-year fixed loan with 10% down, the monthly is not required. FHA intends to add tiers to their Mortgage Insurance Pricing. For lower credit scores, you pay higher MI. For less down, your rate will be higher. For a combination of the two, the rate is higher still. The good news here is that FHA becomes more palatable for more people. If you have good qualifications, then you’ll shoulder less of the cost of the riskier loans. This will be a good move. It has not taken effect yet.


4. Credit score minimums have risen again. FHA estimated that 580 would be the lowest score they would allow. Most lenders, however, have already set the number at 620 or even 640 for some. FHA can sometimes allow for more risk than some lenders are willing to take on. This is one of those areas. See my article on Zillow about increasing your scores with the help of a credit action report.

The following link outlines the main changes that have been proposed by the FHA. We believe that by the end of the year ALL of them will have taken effect.

http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016

Contact The Mortgage Mark with any questions.  
 
  http://www.capitalfmc.com/ 
 
 mwilkins@capitalfmc.com