Smoke Alarm

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”

FHA 90 day Rule applies to the Insurance

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”

What is a HELOC? how does it work? Compared to a mortgage?

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?”

Dog Etiquette When Selling A Home

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”