Smoke Alarms are required in all buildings, residential and commercial. This page is about the history, functionality, and current requirements of smoke alarms.
How Does It Work?
Ionization (Modern Alarms)
Modern Smoke Alarms, first invented in the 1930s, use quite advance science. It has to detect that your house contains smoke (see What Is Smoke? below) early enough so you have time to escape. Continue reading “Smoke Alarm”
The Federal Housing Administration (FHA), which was in part created by the National Housing Act of 1934, puts out various rules about their loan offers and insurance. In general these rules are expected to protect the market from a crash such as the Great Depression crash.
One of the rules, to limit price hikes, is to require flippers to sell homes 91 days after they purchased it. The time elapsed between the purchase and the sale must be at least 91 days. The attached document, Handbook 4000.1, FHA Single Family House Policy Handbook, includes the exact rules used by lenders to know whether an FHA loan is allowed or not. Continue reading “FHA 90 day Rule applies to the Insurance”
WARNING: I’m not licensed to offer mortgages nor a CPA. The following is just my opinion and should be taken with a grain of salt. Please seek professional advise before acting on any of the following.
What does HELOC mean?
The HELOC acronym stands for Home Equity Line Of Credit. It is often pronounced Hee•Lock.
As we understand, this is a way to get some money from your bank to use as required (Line of Credit) with the loan secured by your home (Home Equity as Collateral). In other words, the principal that you already paid on your home can be converted to a line of credit. Continue reading “What is a HELOC? how does it work? Compared to a mortgage?”
Photo of the dog via Pixabay by PaelmerPhotoArts
How To Buy Or Sell A Home With A Dog
Buying or selling a home is a big undertaking; there are tons of details to think about and plan for, and even if you have help from your family, it can be overwhelming. Keeping your current home neat and clean for potential buyers, looking for a new home, going through the actual buying process, and making a move are just a few of the things you’ll need to prepare for, and if you have a pet, there are even more considerations to think about. Continue reading “Dog Etiquette When Selling A Home”
One aspect of homeownership, which is often missed, is the social benefits that it offers.
Although it may not look like it to you, with ownership comes responsibility and with responsibility you get social interactions and in general a better living environment. Continue reading “Homeownership Has Social Benefits”
Whenever you install a stove, a microwave, a range hood, an oven, or other similar appliance in your home, there are many guidelines to follow. Some of these are actually rules that have to be followed. Continue reading “Installation Compliance of Kitchen Appliance”
The Republican leadership in the House has released its long-awaited bill to reform the nation’s tax code, and it raises significant concerns for middle-class homeowners because of limits on the mortgage interest deduction and the deductions for property taxes and state and local taxes. Continue reading “Tax Reform Bill Would Cap MID for New Mortgages”
As Christmas approaches, twinkle lights are slowly coming out.
If you live close to Orangevale, I suggest that you come by Dovewood Court off of Walnut Ave (it’s South of Greenback and North of Madison.) Continue reading “Christmas Lights in Orangevale, CA”