The other day, my golden four leaf clover hanging above my front door caught my attention and was my unexpected muse for this blog. It was a house warming present, a lovely gesture, and on the back is the inscription, “One leaf is for hope, and one is for faith, and one is for love, you know and God put another in for luck”. So, you know what happens next. The thought train takes off and starts exploring other lucky charms that are seen in homes. I have seen horseshoes above doors and in barns, but what else? So, with the help of my friend, Google, we set off on a mission to find others. I have listed a few below and even one lucky charm that is said to help sell your home.
The horseshoe has a long history of being a protective symbol. It has become customary to hang a horseshoe over the door to protect against evil and bring good luck. The way you hang the horseshoe is a matter of perspective. If the horseshoe hung pointing upward, it's believed your luck will not escape. If the horseshoe is hung pointing down, it's believed that good luck pours into the home.
A traditional Native American practice known as smudging uses the smoke from burning herbs, most likely sage, to purify a space. Smudging is believed to clear away negative energy and bringing luck and positive energy. In the traditional practice, before you begin, you would open a door or window so the negative energy can escape. Then, you would place the bundle of herbs in a bowl, light them and gently blow out the flame so it would smolder, like incense. To dispose of the leftover ashes, practitioners recommend that you take them outside and leave them on the earth.
St. Joseph is a
Catholic saint long believed to help with home-related matters.
Through the years he has become known as the patron saint of real
estate. It is believed if you purchase a St. Joseph statue and bury
it in your yard and say a series of special prayers, the right buyer
will come along to purchase your home. Once the home is sold, the
next step is to dig up the statue and place it in your new home for
continued good fortune.
The art of feng
shui is an ancient Chinese practice of balancing the physical
environment to promote harmony and balance, which is believed to
bring positive outcomes. One prominent rule in this practice is to
clear out clutter to allow a natural flow of energy, sounds like
familiar advice from the home staging experts. Additionally, it is
believed that a home should have a healthy combination of the five
feng shui elements – wood, fire, water, earth and metal. Each
element represents a different kind of energy and the type of outcome
As it turns out, I have a money tree in my home as well, a popular plant used in the practice of feng shui. I purchased the plant for the intricate braided trunk, long green leaves and the easy to care for promise on the tag. What lucky charms do you have in your home? Maybe, you're like me and have more than one, from a practice you know little about.
A red front door means mortgage-free. In Scotland, homeowners would paint their front door red to signify that they had paid off their mortgage.
So, maybe having a red front door isn't all about having great curb appeal after all. When we take a moment and search history, we can discover many truths on why we do the things we do today.
- Borrowers must have a steady employment history or worked for the same employer for the past two years.
- Borrowers must have a valid Social Security number, be of legal age and a lawful resident of the United States.
- Borrowers must pay a minimum down payment of 3.5%.
- Borrowers should have a minimum credit score of 580, you can have a score as low as 500, but it isn't ideal.
- Typically borrowers must be two years out of bankruptcy and three years out of foreclosure and have re-established good credit.
Here are twelve things you need to know about your VA loans:
1. They’re reusable. As long as you have paid off your VA loan, you can use your full entitlement again.
2. Only certain types of homes can qualify for your loan. Many “fixer-upper” types of homes or businesses may not qualify. If it is a move-in ready home or condo, you should be ready to go.
3. The loans are not for recreational “camps” or vacation homes or investment properties. They are designed to provide a primary residence for you.
4. The VA does not give you the money. What the VA does is to guarantee the qualifying mortgages.
5. The loans are guaranteed by the federal government. This gives veterans good terms and rates in their loans, because the USA government guarantees about a quarter of the loan and reduces risk to the lender.
6. If you are putting less than 20 percent down, you do not have to pay mortgage insurance. The VA’s guarantee saves veterans money each month by eliminating this premium.
7. There is a mandatory fee. It may run about 2 percent of the loan amount. This is the VA Funding Fee. It helps keep the program running for you and other veterans.
8. There is a limit on co-borrowers. Many mortgages will let you get a loan with about anybody. Usually the co-borrower needs to be a spouse or another veteran who will live in the house with you. Check with your lender for restrictions.
9. They are available even if you have a history of foreclosure or bankruptcy. You can still use your VA loan benefit.
10. They do not carry a prepayment penalty. You can make extra payments any time you are able. Even if you can only apply a little extra cash to paying off your mortgage each month, you can pay off the mortgage years earlier and save thousands of dollars.
11. After establishing that you are eligible, you will need a Certificate of Eligibility (COE). The COE verifies to the lender that you are eligible for a VA-backed loan. The U.S. Department of Veterans Affairs website can help you determine what forms you need for your particular military service experience.
12. See your lender to get a preapproval for your VA loan as a first step. Then you are ready to make an offer when that dream home becomes available.
Please call Grove City Realty if you have questions. We help buyers work with lenders everyday. Let us help you find a great home at a great price. This article is a brief summary. Check out these websites and your lender for information suited to your unique situation.
We thank you for your service to our nation.
Thanks to the following websites for information: usaa.com www.benefits.va.gov veteransunited.com