#amolly

It’s rare that a property that does not need any improvements made upon purchase or before it can be sold. Some however, require extensive work, which can make it difficult to get a traditional bank loan.

Did you know that there’s a special type of home loan designed especially for fixer-uppers? This loan is called a Section 203(k) loan, which covers both the mortgage and the costs of home renovation. It can also be used by homeowners to refinance and fix up their existing homes.

Here are the facts: What is a 203(k) loan?   The Section 203(k) loan program by the U.S. Department of Housing and Urban Development (HUD) allows you to finance the purchase of a house — or refinance your current mortgage — and include the cost of its repairs through a single loan. It’s a good option if you want to buy a home that needs repair or finance the needed repairs to your current home. The Section 203(k) loan program is HUD’s primary program for the rehabilitation and repair of single-family properties. For more information, visit www.hud.gov. Who qualifies for a 203(k) loan? The Section 203(k) loan program provides a path to home ownership for low-to moderate-income individuals by financing mortgage and renovation costs into one loan, with a down payment as little as 3.5 percent. The property must be used as the primary residence of the homeowner. Investment and co-op properties do not qualify. What kinds of property are eligible for a 203(k) loan? Many types of residential properties are eligible for a Section 203(k) loan, including: Detached homes Townhouses Condominiums Converted properties – from one unit to multi-unit or from multi-unit to single-family Mixed-use residential spaces that include commercial space An existing house that is moved to the mortgaged property Demolished properties if part of the original foundation remains Are there restrictions on the repairs that can be made? Improvements for commercial use are not eligible and funds cannot be used for “luxury” items such as swimming pools or tennis courts. A minimum of $5,000 must be used for repairs or improvements in the first six months after closing on the loan. Eliminating building code violations, modernizing, or making health and safety-related upgrades to the home or its garage must come first. After that, additional improvements can be made, ranging from room additions to making the home accessible for the disabled to cosmetic changes such as new flooring. What are the benefits of a 203(k) loan? By rehabilitating older or neglected homes, neighborhoods are improved and homeownership opportunities are expanded for individuals and families. Homeowners gain an avenue for repairing, improving and upgrading their homes for their own well-being and enjoyment or as a way to prepare them homes to sell. Properties can be sold “as-is” with repairs made following the closing of the loan. This allows the seller to avoid having to undertake renovations. If the home isn’t habitable during construction, up to six months of mortgage payments can be financed during the renovation period. Where can I obtain a 203(k) loan? Section 203(k) loans are provided through HUD-approved mortgage lenders nationwide and are insured by the Federal Housing Authority (FHA), which is part of HUD. “Section 203(k)” refers to the law, part of the National Housing Act, which allows FHA to make this mortgage insurance available. The total amount of the mortgage is based on the projected value of the home after the renovation is completed, taking into account the cost of the work. Part of the loan is used to pay for the purchase of the home or to pay off any existing debt in the case of a refinance. The remainder is placed in an interest-bearing escrow account and released incrementally as predetermined work is completed. You can take out a Section 203(k) loan as a 15- or 30- year fixed-rate mortgage or as an Adjustable Rate Mortgage (ARM). There are two types of 203(k) loans: The Standard 203(k) is for more involved projects, such as those requiring structural changes, architectural drawings or engineering inspections. The Streamlined 203(k) is for less complicated projects with renovation costs totaling less than $35,000. Who does the renovation work? Your lender may assign a 203(k) consultant to perform a home inspection, identify needed repairs, and prepare cost estimates. A homeowner can act as general contractor and do the work, if licensed, qualified and approved by the lender. The savings can be used for cost overruns or more improvements. While the homeowner might be willing and able to do the work, Section 203(k) requirements can be complex, and unlike other home improvement loans or lines of credit, costs for repairs to a 203(k) property must be determined by a final bid prior to the closing of the loan.

The Founder of Auchi Poly Glits [Q-zy Xtra] presents the school official theme song for the year 2015/2016 academic session featuring talented artists like Usman, Amolly, Kay-S, Yung Kizzy and P-soul from various departments of the great institute. The theme song “Finally Made It” is an inspirational song that was produced by Q-zy Xtra. http://oflexmedia.com/wp-content/uploads/2018/01/Auchi-Poly-…

send me a ☾ for a wartime au: our muses are on the frontline of the battle

Barely out of school and he was already a killer. He supposed that he should feel remorseful about it but he had his reasons for what he did just like they did and they stood in his way. That day in particular had seen many people learn not to underestimate him.

With a simple charm he’d pushed someone else to the side, their back hitting a tree and head slumping to the side, knocked out cold, most likely. And even if they were down more permanently he really didn’t care. Behind them stood Molly, a relieved look on her face. “Rion! Merlin, am I glad to see you.”

“I wouldn’t be so sure about that if I were you, Molly,” he shrugged, two Death Eaters stepping out from behind to stand next to him.

“What are you talking about, Hannifan?” her voice had quickly taken on an icy tone. “Are they here for what I think?”

“Just about, I think they’re also here to keep an eye on me. The boss man doesn’t exactly trust me for obvious reasons,” he chuckled slightly. Finishing his laugh he made a swift movement, dropping the two sent to watch him.

“You lying, cheating piece of shit, I-” her words were cut off as the others fell. “What’s your play here, Hannifan?”

“Yes, that,” he held his hands out to the side, “just making sure that people know that I didn’t need help to beat you is all.”

“You really think that’s going to happen? Get your head out your arse.”

“Excellent, now that the pleasantries are out of the way, shall we begin?” There may have been a smile on his face as he assumed a casual defensive position but there was a hard steel in his eyes.

She fired off the first shot, simple slide to the right keeping him safe. “Honestly, I expected better from you, sweetie,” he goaded, taking slow steps around her in a circle.

Molly said nothing, letting her wand do all the talking. The spells were easy enough to block, his reflexes honed by years of practice.

They carried on like that for a while, her attacking and him evading with a little tease when he could think of one. “What’s the matter, Hannifan?” she called out. “Too scared of singular me to make a move?”

“On the contrary, I’m just waiting for the right time is all,” he smirked.

“You always were a sly one, weren’t you?”

“I’m nothing if not predictable,” he raised his hands in a casual gesture, willingly letting his guard drop for a moment.

As expected she took the bait, pressing hard at her advantage. It was easy to deflect them, the spells impacting around him, as he sent off just the one hex that hit the ground just off her left foot. He made a step to the left just like he always had.

“You missed,” she teased as she mirrored his movement. As her foot landed just where the spell did her body instantly froze before slumping to the floor.

“I never miss,” he replied simply as he walked over to her, barely a hint of pride in his voice. She was still breathing as he arrived just like he expected and he crouched down by her head. “Y’know, I almost considered you to be a worthy opponent. Evidently I was wrong,” he shrugged. Getting an orange from his pocket he charmed it, the fruit now a Portkey as he placed it next to her. “If you want to have a rematch I’m sure you know what to do.”

Standing up he brushed himself off, satisfied that all was done. He walked away, a smug grin on his face, his job as complete as it could be for now and when she got up in a few more minutes’ time it would be finished.

Send me a ♩ and I’ll put my music on shuffle and pick a line from the song that I think fits our muses’ dynamic the best

Little Talks - Of Monsters and Men