Lisa M. Corr's Blog
Sleep helps to keep brain cells healthy. A good night of sleep helps with weight loss, mood and energetic balance. If you've ever struggled to get or stay asleep, then woke groggy and lethargic, you know just how much sleep impacts your day.
What's keeping you away from a good night sleep?
Willpower alone may not always lead you into restful sleep. Relaxation is too much a key to healthy sleep, especially deep and REM sleep for willpower to be enough to keep you in a restful sleep night after night.
Another thing that isn't enough to get you to fall and stay asleep every night is the desire to experience a good night sleep. Just wanting to sleep isn't enough. It won't do the trick. In fact, desire for sleep, combined with willpower and wakefulness can easily create frustration, more wakefulness and insomnia.
If it isn't desire for better sleep and willpower that's keeping you up at night, maybe staring at the ceiling, what's keeping you up? Here are a few things that could be keeping you away from enjoying better sleep at home:
- Outside light - If your bedroom is located near an outdoor porch light, that porch light might be keeping you awake.
- Indoor light - Bathroom safety lights prevents slips and falls. They can also keep homeowners up at night. Consider turning down your bathroom safety lights or installing a dimmer light bulb in the light holder. See if you don't start to sleep better.
- Television noise - Your favorite television show might come up around the same time that you head to bed. Be sleepy enough and you might drift into sleep while the show is still on. After an hour or so of sleeping, light emitting from your bedroom television could awaken you.
- Unresolved issues - Incomplete work projects, unfinished school assignments and relationship challenges can keep you up at night. Instead of falling and staying asleep, you might lay in bed trying to figure out how to close loose ends on these open items. Do yourself a favor and close out important issues during the day. Make a list of items that you are going to focus on in the morning and let them go. You really do need to get a good night of sleep.
- Temperature - If it's too hot or too cold, you might only sleep lightly or not at all.
- Bedtime schedule - An erratic bedtime schedule can make it hard for your brain to get accustomed to drifting into sleep at a certain time.
- Health - Sleep apnea, a cold, the flu and other health issues can make it tough to get and stay asleep. So too can medications.
More on sleeping better at home
Change what's keeping you up at night and you just might start to sleep better and longer. For example, you might have to change the lighting in your bedroom or above the window outside your bedroom. Reducing noise is another step that you may have to take.
Altering your daily routine may also be in order. Before you take this step, review your schedule. Pay attention to how suggestions listed in this article influence your sleep. Be open to continuing to change your bedroom and your lifestyle until it gets easier for you to fall and stay asleep.
You may have heard of private mortgage insurance, also known as PMI, but you’re probably not sure what exactly it is. If your down payment is less than 20% of the purchase price of the home, then you’ll need to pay for this additional insurance in order to secure a loan for the home. This type of policy protects the lender if you end up in a foreclosure situation. This way, the lender is assured that they will not lose money.
Private mortgage insurance is also required if you refinance your home when it has accrued to less than 20% equity. Again, this protects the lender from losing money if the loan is defaulted on.
The fees involved with private mortgage insurance can range based on a few factors including the actual size of the down payment and your credit score. You can expect the cost of the insurance to be somewhere between 0.3% and 1.5% of the loan amount per year. The PMI premiums are tax deductible some years and other years they are not. It really all depends upon the state of the government and what they have enacted for the particular fiscal year. Private mortgage insurance premiums can be paid either monthly or with a large payment upfront, although most policies will require the borrower to pay on a monthly basis.
This Insurance Can Be Canceled
The lender will automatically cancel your PMI once the loan drops down to 78% of the home’s value. For this reason, you’ll want to keep track of your payments in order to see how far away you are from shedding this monthly fee. When your loan is paid down to 80% of the home’s original value, you have the right to ask your lender to discontinue to insurance premium payments.
What Is The Loan-To-Value Ratio?
This ratio is the amount of mortgage debt in the form a percentage based on how much the home is worth. It’s calculated by the following formula:
Amount owed on the mortgage/Appraised value
This is an important factor when it comes to matters of PMI insurance, as it’s how the required loan payment percentages are calculated. If a home is worth $100,000 and $80,000 is still owed on the home, the loan-to-value ratio is 80 percent. This means the borrower can request the insurance be cancelled.
FHA Loans Have Different Requirements
If you secure an FHA loan, they require the payment of PMI premiums for the entire life of the loan. You can’t exactly cancel these insurance payments but you can refinance the loan in order get rid of the insurance. This means that you will no longer have an FHA loan.
Private mortgage insurance can be a nuisance, however as a first-time homebuyer with little capital, the fees may be worth it when you’re able to secure your first home.
As a home seller, you likely want to get rid of your residence as quickly as possible. However, there is no reason to underprice your residence to speed up the home selling process.
Ultimately, underpricing a home may create a number of problems. If you fail to consider how much your house is worth, you risk receiving offers for far less than your residence's actual value. As a result, you may fail to maximize the value of your home.
So what does it take to ensure you can establish the right price for your residence? Here are three tips to help home sellers do just that.
1. Employ a Real Estate Agent.
A real estate agent possesses the skills and know-how to help you navigate any real estate market. He or she will be able to offer a wide assortment of housing market data and insights, and as such, provide recommendations to ensure you can set a fair price for your house.
Furthermore, a real estate agent will be able to help you establish the right price for your residence in a buyer's or seller's market – even if you are trying to move out of your home soon. This real estate professional will learn about your needs and explore a variety of options to guarantee you won't have to underprice your home to sell it quickly.
2. Become Familiar with Comparable Homes in Your Area.
Many homes are available in cities and towns across the United States, and home sellers who assess the prices of comparable homes nearby should have no trouble establishing the right price for a residence.
Review real estate listings for houses that currently are available, along with listings for homes that sold recently in your city or town. This will help you understand how your house stacks up against other residences in your area so you can price your home based on the current real estate market.
3. Set Realistic Expectations Throughout the Home Selling Process.
There is no need to panic if your home does not receive multiple offers after the first open house. Instead, try to remain calm, cool and collected, and you can avoid the temptation to lower the price of your house to stir up interest among homebuyers.
Before you add your home to the real estate market, set realistic expectations for how much you would like to receive for your residence and how quickly you need to sell your property. This will enable you to have a home selling plan in place and ensure you are prepared for any challenges that come your way.
A real estate agent can help you establish realistic expectations for the home selling process as well. This professional will allow you to stay up to date about home offers, respond to your home selling concerns and questions and streamline the process of maximizing the value of your residence.
Use the aforementioned tips, and you can speed up the home selling process without sacrificing the value of your house.
179 Concord St, Haverhill, MA 01830