Daily Archives: October 4, 2017

Top Pool Shapes for Home-owners

Kidney Shaped poolAre you looking for a particular shape for your pool design? You have some options when it comes to this. Identify the various forms you can use to determine which one blends well with your home’s overall design.

Here are some of them:

Free-form Design

Swimming pool experts in Perth cite that this design does not follow the conventional rules of shapes, as it can become whatever a home-owner and designer want it to be. This is a good option for many homes because it can blend well with the overall look and design of a house.

It can also create the illusion of spaciousness, depending on the pieces of furniture you include with it. Free-form shapes merge seamlessly in rustic, natural or tropical exteriors. With the right lighting and landscaping, you can transform the pool into a serene waterway, an oasis or a relaxing lagoon.

Kidney Shape

This shape is similar to an oval design but with one difference: the indentation on either side. Home-owners use this design because it blends with their backyard space, regardless of its size. The crisp lines of a geometric shape make it rigid and sometimes space consuming.

The kidney shape provides an ideal setting for a deep and shallow part for different levelled swimmers who may use it. Some owners also add a spa in the indented space for additional plants and flowers or a mini-garden near the pool.

The Figure 8

This figure is ideal for families that want a pool that is suitable for different activities. Both ends do not have to be in the same measurements: one side can be bigger or smaller than the other. This shape provides a distinct separation for home-owners who want deep and shallow swimming areas.

These are just a handful of the shapes to consider when designing a pool for your house. Each one provides a different dimension to your home’s design. It is now up to you to determine which shape is ideal for you.

The 20-Percent Down Payment: To Make or Not to Make

Man signing a mortgage loanMany homebuyers today still think that they need to make 20 percent down payment on their mortgages when the truth is far from it. The 20 down rule merely serves as a recommendation since you build up equity faster with it and your mortgage becomes more affordable.

Reality Check

In recent years, however, homebuyers have gotten mortgages at less than 20 percent down. The average down payment today lies at six percent. Even those purchasing second or third homes only place down 14 percent down payments on their mortgages.

Place Less than 20 Percent Down

The statistics above may be good for you to know if you have been stressing over how you can make the 20 down. You can now relax and find a mortgage loan here in Utah from firms such as the Altius Mortgage Group, with a down payment that you can afford.

As you look for one, be informed that you will have to pay private mortgage insurance (PMI).

Extra Expense

Private mortgage insurance acts like protection for your lender in case you default on your mortgage loan. PMI costs extra, and will increase your monthly housing expenses. In spite of this additional cost, however, you may deem it well worth it as long as your housing costs stay within budget.

Other Perks of a Lower Down Payment

A lower down payment also means more money left in your bank if you decided to use only some of your funds for the down payment. You can then use the extra money for home repairs, appliances, or furnishings. You can place the rest in your retirement savings, or you can invest it into a home remodel.

A remodel can raise your home’s value, allowing you to build equity. With more equity, you can eliminate paying for PMI sooner. In the end, a lower down payment can mean more cash flow after a few years that you can save up or invest.

Of course, you can still try to make the 20 percent down payment if you want to. Simply plan everything right to see if a 20 down or a less-than-20 down will work best for you.