And if you want to skip the contractor? There’s a financing option for that, too. Let’s talk EasyPath™ Renovation.

What is EasyPath™ Renovation?

EasyPath is a program that allows you to roll your mortgage and renovation costs together, without having to hire a contractor or make big purchases on your credit card. Designed for home updates completed through major retailers like The Home Depot, Lowe’s, and Menards, EasyPath can be used with conventional renovation mortgages like CHOICERenovation^® and CHOICEReno eXPress^®.

6 perks of taking the EasyPath:

• Loan amount can be based on the projected value of your home after renovations
• Leverage the same interest rate as your home loan instead of your credit card
• Down payments as low as 3% to 5% for purchase transactions
• Purchase and refinance transactions are eligible
• Cardinal makes 100% payment to the retail store to purchase and install the project
• Fixed and adjustable rates available

When is EasyPath the right choice?

Whether or not EasyPath is right for you comes down to your timeline and the scale of your projects. If you’re looking for a faster financing process, EasyPath typically takes less time than working with a contractor. While you save time by eliminating the contractor search and independent quoting process, it also means that larger projects aren’t ideal for EasyPath. The bigger and more complicated the renovation project, the more likely you are to need a specialized contractor to handle it.

The EasyPath process, explained.

With traditional home renovation loans, you have to find a contractor and have your lender verify that they’re qualified for your planned renovations before you do anything else. With EasyPath, you get to skip that part. Here’s how it works:

Step 1: You visit an eligible big box chain store and complete a bid.

Step 2: Next, Cardinal’s Renovation Support Team reviews the bid, consults with the store, and orders an appraisal.

Step 3: Finally, the appraisal is completed based on the projected value of your home after the renovations are finished.

Bonus home renovation loan tips.

If you hadn’t noticed by now, you’ve got a lot of options when it comes to home improvement financing. Whether EasyPath is the right one for you or not, here are some tips to keep in mind before you apply for a home renovation loan.

• Budget for the unexpected
• Get multiple bids to find the best price
• Don’t try to do it all yourself
• Tackle one project at a time

When you’re ready to start your home renovations, we’re here to help finance them.

Want the perks of a home renovation loan without the process of hiring a contractor? EasyPath™ Renovation might be your solution.

The post Home Renovation Loans: 6 Reasons to Take the EasyPath™ appeared first on Cardinal Financial.

5 types of refinances for home improvement

• Cash-out refinance
• FHA 203(k)
• CHOICERenovation^® and CHOICEReno eXPress^®
• HomeStyle^® Renovation
• EasyPath™ Renovation

After we break down these top five types of refinances for home improvements, we’ll go over how to determine the best fit for your goals.

Cash-out refinance

A cash-out refinance* is not officially a renovation refinance. You can use the cash-out funds from your home equity however you see fit. But, many homeowners choose this type of refinance with the intention of using the cash out of their home equity to finance home improvements.

*Using your home equity to pay off debts or make other purchases does not eliminate the debt or the cost of the purchases, but rather increases the loan amount of your mortgage to be paid according to your new mortgage terms.

FHA 203(k)

From complete structural changes to minor home renovations, FHA 203(k) programs allow you to finance home rehab costs and your mortgage in one convenient loan. Backed by the Federal Housing Administration, FHA 203(k) loans offer Standard and Limited options. The right one for you depends on the scope of your planned home improvements.

FHA 203(k) Standard

• Structural changes allowed 
• $5K minimum, no maximum repair amount
• Landscaping and hardscaping allowed 
• 180-day maximum completion time
• Manufactured homes allowed 
• HUD consultant required

FHA 203(k) Limited

• Minor remodeling allowed
• No minimum, maximum $35K repair amount
• Landscaping and hardscaping not allowed
• 180-day maximum completion time
• Manufactured homes allowed
• HUD consultant not required 

CHOICERenovation^® and CHOICEReno eXPress^®

Freddie Mac’s CHOICERenovation is a mortgage that allows you to include your renovation costs in your home loan balance. CHOICEReno eXPress is essentially the same program, but for smaller-scale upgrades. What makes these two refinance options different from FHA (203)k Standard and Limited loans is that they’re not backed by any government entity. They are Conventional loans. That means different lenders may have different qualifying criteria.

HomeStyle^® Renovation

Fannie Mae’s HomeStyle Renovation is another Conventional refinance option to fund your home upgrades. It functions similarly to a CHOICERenovation loan, but you can combine it with other Fannie Mae products like HomeStyle Energy (designed for home improvements intended to conserve energy, cut utility costs, and increase the home’s resilience against natural disasters) and HomeReady (designed for low-income borrowers).

EasyPath™ Renovation

EasyPath Renovation is a program that allows you to roll your mortgage and renovation costs together, without having to hire a contractor or make big purchases on your credit card. Designed for home updates completed through major retailers like The Home Depot, Lowe’s, and Menards, EasyPath can be used with Conventional renovation mortgages like CHOICERenovation and CHOICEReno eXPress. It’s important to note that EasyPath itself is not a mortgage, it works with your renovation home loan to help you maximize the benefits.

EasyPath highlights

• Loan amount can be based on the projected value of the home after renovations
• Leverage the same interest rate as the home loan instead of your credit card
• Cardinal makes 100% payment to the retail store to purchase and install the project
• Fixed and adjustable rates available

How do I know which refinance for home improvements is right for me?

Like any big financial decision, there are a lot of factors to consider before committing to a renovation refi. Some of those will be unique to you, but here are a few key questions to ask yourself to narrow down your financing options.

What’s the scale of my planned renovations?

As we covered in this blog, different refinance mortgages are designed for different types of home projects. If you’ve got smaller updates in mind (like fresh paint, new floors, or new appliances), a loan like CHOICEReno eXPress is likely a better fit than CHOICERenovation or vice versa. Some loans, like HomeStyle Energy, are created for very specific types of updates. So, if you’ve got specialized renovations in mind, there might just be a niche loan for that.

How much equity do I have in my home?

Your home equity is what your home is worth in the current real estate market, minus the amount owed on your home loan. If your equity is high, a cash-out refinance is a popular way to leverage that equity. Plus, you can use any funds left over after renovations however you see fit.

What’s my credit score?

The importance of your credit score doesn’t diminish after buying your home. When you refinance, it still impacts the rates you can get and which refinance loans you can qualify for. If your credit score is higher, Conventional renovation loans might offer more competitive rates. If you’re still building your credit score, government-backed options like FHA 203(k) could offer you the flexibility you need.

At the end of the day (and this blog), the right mortgage lender should provide all the guidance you need to decide on the best way to fund your home renovations. So, don’t stress too much about having all the answers before you start the process. You’ve got this!

Rates aren’t the only reason to refi. It’s also a great way to fund home upgrades like new flooring, landscaping, and even structural changes.

The post Refinance for Home Improvements: How to Choose Your Best Fit appeared first on Cardinal Financial.

How to Move with Pets: 7 Tips to Make it Easy

• Start packing early
• Find pet-friendly accommodations if needed
• Set up a designated moving day space
• Get the right gear
• Make a travel plan with your current vet
• Update your pet’s microchip
• Schedule a check-up with your new vet

1. Start packing early

Pets aren’t always a fan of change. To ease the transition, it’s important to pack early and gradually. This way, your pet has time to process that something new is happening and adjust accordingly. After all, imagine if you woke up one day and all your belongings were suddenly gone with no explanation. You’d be stressed, too.

2. Find pet-friendly accommodations if needed

Depending on how far you’re moving, you may not need this step. But, if your move involves multiple days of travel or a gap between moving out and moving in, wherever you stay in the interim needs to be equipped for your pet. Beyond simply identifying as a pet-friendly hotel or house, consider all the same factors that went into choosing your new home (outdoor access, windows, etc.) when choosing temporary accommodations. You can afford to be a little less selective here since it’s not for the long term. Still, the more comfortable the move is for your pet, the sooner they’ll settle in and feel at home in the new place.

3. Set up a designated moving day space

For the sake of both your movers and your pets, a designated pet space for moving day is a must. Backyards, friends’ houses, and large crates are all options for your canine kids. Cats can be a little trickier. If they have a favorite hiding spot and it’s in a place that can be closed off from the rest of the home, consider making that their designated area. This can help minimize stress since it’s a place where you know they feel safe. Wherever you set up base, make sure your cat has food, water, and a litter box. And, of course, communicate to your movers which areas are off-limits.

Pro Tip: If you have turtles or other pets that live in their own enclosed environment, keep that enclosure out of the way and clearly marked as NOT an item for your movers to pack up.

4. Get the right gear

Unless you’re moving right across town, you’re going to need more than just a carrier to transport your pet. Your needs will vary according to your pet, but here are some common items to consider:

• Leash with harness that can be hooked to a seatbelt
• Packable food and water bowls
• Disposable litter box
• Collars with current ID tags in case your pet gets out
• Crate with puppy pads

Whatever gear you get, don’t forget to try it out with your pet leading up to the move. The more acclimated they are to their new carrier or harness, the less stressed they’ll be on moving day.

5. Make a travel plan with your current vet

Leading up to the move, consult with your vet to create a travel plan for your animal. Especially if your pet gets carsick or has anxiety, you’ll want to discuss the possibility of sedatives, anti-nausea medicines, or anxiety medicines for the trip.

Does your dog spit out pills without fail? Then a liquid dose might be better. Is your cat hopeless in the car? Then your best bet may be a sedative (in the correct dose) to help them sleep through the drive. These are the details your vet can help you nail down in the safest manner possible.

6. Update your pet’s microchip

We recommend taking care of this as soon as you’re moved out of your old place. That way, if the worst-case scenario happens and your pet gets away from you during the move, any animal shelter that takes them in can find you. This is also just one of those small but important details that tend to get forgotten during the flurry of moving, like updating your billing address or forwarding your mail. The sooner you check it off your list, the sooner you can get back to the bigger issues like unpacking.

Not sure if your pet is microchipped? If you adopted them from a shelter, microchips are typically included along with spaying/neutering. Your vet can also help you check for a microchip. Just keep in mind that microchips can’t track your pet. Their function is to store your contact information so that if your pet ends up at a shelter, the shelter staff can notify you. The average person can’t access information on the microchip, so it’s important to keep your pet’s collar tags up to date, too. If you want to track your pet, there are also plenty of GPS tracking tags available that can be added to their collar. 

7. Schedule a check-up with your new vet

Moving with pets usually entails finding a new vet. Many vet clinics have a weeks-long waitlist for new patients, so don’t put off setting up an appointment until your pet needs one. Schedule a check-up as soon as you can. This is also a good opportunity to address any of your pet’s issues that may have arisen due to the stress of travel, such as gastrointestinal problems, anxiety, or aggression.

Any other tips for how to move with pets?

When it comes to how to move with pets, there’s no single right way to go about it. The best advice we can give you is to adjust to your pet’s unique needs. And don’t forget that their biggest insecurity about moving is likely about you leaving them behind. So, make sure you give your pet some extra head scratches, belly rubs, and treats to let them know you’re not going anywhere. At least, not without them.

The more comfortable you can make your pet during your move, the sooner you can all start to feel at home in your new place.

The post How to Move with Pets: 7 Tips to Make It Easy appeared first on Cardinal Financial.

Decluttering Your Garage: The Ultimate Guide

• Start by taking everything out
• Don’t delay repairs
• Clean from the top down
• Designate the space for a specific use
• Maximize vertical space
• Consider resale value

Start by taking everything out

You can’t properly clean the nooks and crannies of your garage without removing all the clutter. This is also a chance for you to take inventory of everything in your garage, and get rid of what you no longer need. If you feel a sentimental attachment to items that you know you won’t use, consider thoughtful ways of rehoming them as opposed to simply throwing them away or leaving them to take up space in your garage.

Most items in working condition will gladly be accepted by local donation centers. But, you can also start closer to home. While you’ve got everything out, ask your friends, family, and neighbors if they’d like to stop by and claim anything you’re looking to rehome. Alternatively, a classic yard sale can provide the same function while also bringing in some spare cash. Win-win.

Don’t delay repairs

As you’re decluttering your garage, you may find areas that need repair. Whether it’s spackling a hole in the wall or fixing that glitch in the garage door, don’t wait to fix problems big or small. Make repairs while the damaged areas are easily accessible and not blocked by clutter.

Clean from the top down

This one is simple physics. Any dust and grime you displace while cleaning will inevitably make its way down, so save yourself the trouble of recleaning lower areas by starting from the top. Floors should be the last thing you clean.

Designate the space for a specific use

One of the biggest reasons our garages get so cluttered is that they often default to a catch-all for anything we’re not sure where to put. And while traditionally the answer to “What should I use my garage for?” might be obvious—cars, right?—in reality, most households will need the extra space for other purposes.

To help declutter your garage, you’ll need to narrow down those purposes. Is it primarily storage? Then consider investing in a full organization system to maximize the space. Is it your home gym? Prioritize placing equipment where you need it, and find somewhere else for your odds and ends to live. Whatever you want your primary use for the garage to be, declutter and reorganize with that at the top of your mind. Having a clear goal will make the decisions of what to keep and where to put what’s left infinitely easier.

Maximize vertical space

Especially if your garage is serving multiple functions, you’ll need all the space you can get. The walls are your friends here. Maximize vertical storage space with shelves and hooks to keep as much of the floor clear as possible for larger items that can’t be stored vertically.

Consider resale value

Understandably, no one is eager to drop a significant chunk of change on decluttering a garage. And if a thorough cleaning is all that’s in your budget this time around, that’s absolutely fine! However, any home upgrades you make to your garage—such as installing a new storage system, replacing flooring, or even a fresh coat of paint—can increase your home’s value. 

That means not only could you make money back when you sell your home, but you could also find yourself with more home equity. That home equity can be leveraged for new rates, better terms, or even cash out when you refinance your mortgage. 

Pro Tip: Your home loan can also finance your home upgrades. Check out our renovation loans to learn more.

Decluttering Garage: Bonus Tips

No garage decluttering guide would be complete without some bonus tips. Try these extra strategies to make the most out of your garage spring cleaning efforts:

• Some items, like papers and electronics, need a more temperature-controlled environment than a garage typically offers. Understanding what NOT to store in your garage can go a long way toward preventing clutter (and damage to your belongings).
• Add a floating shelf to the ceiling. In addition to vertical space on your walls, if you have enough room overhead, you can consider installing a durable metal shelf suspended from the ceiling (picture it like an upside-down table). Just make sure you adhere to weight limits and install it with care to prevent any accidents.
• Whether you’re using bins, bags, drawers, or something else to keep things organized, make sure you label everything according to its contents. Not only will it make items easier to find, it will also encourage you to stay organized in the long term.

Any home upgrades you make to your garage—such as installing a new storage system, replacing flooring, or even a fresh coat of paint—can increase your home’s value.

The post Decluttering Your Garage: Spring Cleaning Tips and Tricks appeared first on Cardinal Financial.

5 Things You Need to Know About Attainable Housing

• What is attainable housing?
• Are there any assistance programs available?
• How does attainable housing help in a competitive market?
• Are there any additional costs to budget for?
• What else can I do to make housing affordable?

1. What is attainable housing?

You’ve probably heard of affordable housing, which usually refers to programs for low-income buyers. So, what is attainable housing? It’s designed for middle-income households—people who earn too much to qualify for low-income assistance but not enough to comfortably afford expensive market-rate homes.

Attainable housing often includes:

• Smaller single-family homes
• Townhomes or condominiums
• Duplexes and triplexes
• Homes in up-and-coming neighborhoods

These properties are meant to be within reach for middle-class buyers, often through special financing programs, incentives, or new construction projects aimed at affordability.

Pro Tip: Some lenders may partner with builders to offer exclusive financing options for attainable housing. Ask your lender about their builder offerings—it may help you get more competitive rates.

2. Are there any assistance programs available?

The good news? You don’t have to do this alone. There are plenty of programs designed to help middle-income buyers get into a home. Here are a few worth looking into:

• First-time homebuyer programs: Many states and cities offer down payment assistance, lower interest rates, and grants for first-time buyers. 
• Government-backed loans: Loans like FHA, VA, and USDA loans allow for lower down payments, making it easier to buy with less upfront cash.
• Employer homebuyer assistance: Some employers offer homebuyer benefits, especially for teachers, healthcare workers, and first responders.
• Local homebuyer incentives: Some cities provide special financing for middle-income buyers looking to purchase in revitalization areas.

These programs can make a huge difference, and the right mortgage team will make sure you’re aware of all the options available to you. Your real estate agent may also be able to help.

3. How does attainable housing help in a competitive market?

Attainable housing expands your options beyond traditional homes. Still, if you’ve been house hunting, you know it’s competitive no matter what you’re looking for. Homes in this price range often get multiple offers, so you’ll need to be strategic. Here’s how to improve your chances:

• Get pre-approved early. Sellers take buyers more seriously when they have a pre-approval letter from a lender. Attainable housing means typically lower costs, so you don’t need to be pre-approved for as high an amount to compete as you would for a traditional home.
• Expand your search area. Homes in up-and-coming neighborhoods or just outside major metro areas may be more affordable than homes in suburbs, while still offering more space than housing in popular neighborhoods like downtown areas.
• Be flexible on home features. If you’re willing to do a little cosmetic work, you might find a great home at a lower price. Renovation loans can help bridge the gap between what you can afford upfront and your ideal home features.

The key is to be prepared and move quickly when you find a home that fits your needs.

4. Are there any additional costs to budget for?

Attainable housing doesn’t necessarily entail any unique fees. However, as with any purchase, the price of the home itself isn’t the only cost you’ll be paying. Keep these four expenses in mind to strategically create your best budget:

• Property taxes and HOA fees. Even if the mortgage payment is affordable, these extra costs can add up. Make sure your budget has some wiggle room.
• Maintenance and repairs. Older homes might be cheaper upfront but could require expensive fixes. Luckily, a renovation mortgage could help you roll the repair costs into your home loan.
• Private mortgage insurance (PMI). If your down payment is less than 20%, you may need to pay PMI. This only applies to Conventional loans, however.
• Utility costs. Bigger homes or older properties can have higher energy bills. Attainable housing is typically smaller, so you could actually enjoy lower utility bills as a result.

5. What else can I do to make housing more affordable?

If buying a home still feels out of reach, there are creative ways to make it work.

• Consider a duplex or triplex. Buying a multi-unit property allows you to rent out part of the home, helping to cover your mortgage.
• Look into co-buying. Purchasing a home with family or friends can split the costs and make homeownership more affordable.
• Check for energy-efficient homes. Some homes qualify for energy-efficient mortgage programs, which can help lower utility costs over time.

The goal is to find a home that not only fits your budget now but remains affordable in the long run.

Key Takeaways: 4 Things to Love About Attainable Housing

What is attainable housing? After reading this blog, hopefully it’s a straightforward, affordable solution to reaching your homeownership goals. As you explore the right path to homeownership for you, keep these four benefits in mind:

• Attainable housing offers an affordable alternative to traditional homes
• There are more options than you might think when it comes to the types of homes that are considered “attainable housing”
• While your income level may disqualify you from financial aid reserved for affordable housing, attainable housing can still be paired with other programs for even more accessible pricing
• Compared to traditional suburban housing, attainable housing has an overall lower environmental footprint

Attainable housing is designed for middle-income households—people who earn too much to qualify for low-income assistance but not enough to comfortably afford expensive market-rate homes.

The post What Is Attainable Housing? An Affordable Solution You’ll Love appeared first on Cardinal Financial.

What do first-time home buyers need to know? Well, a lot. Luckily, we’ve made it easy with eight important things to know before you start your homeownership journey. And remember, you don’t have to do it alone. This blog is just one of the ways we’re here to help. 

What First-Time Home Buyers Need to Know: 8 Important Starting Points

• Your credit score
• Your loan options
• Your priorities: Location vs. space
• Your down payment
• Your real estate agent
• Your school district
• Your timeline
• Your budget

1. Your Credit Score

A key factor that every first-time home buyer needs to know (or any home buyer, for that matter) is their credit score. If you don’t know yours, open up a new tab, and do some research on what goes into a credit score, what affects it, and how to obtain it before you read any further. Your credit score can make or break your chances of getting a mortgage depending on how high or low it is, but there are ways to improve it if you find your score needs some work. While there’s no set credit score that you need to buy a home, it’s better to be safe than sorry. 

Pro Tip: Start strengthening your credit score with these seven strategies.

2. Your Loan Options

Once you know your credit score, you should have a much better idea of which loan options are available to you. Most lenders will have a general overview of their loan products on their website with a target credit score. But depending on whom you choose, there could be some wiggle room there. Don’t stop at skimming through a website, though. If you’re serious about buying a house, get in touch with a loan originator and find out where you stand.

Loan Options that First-Time Home Buyers Need to Know

• Attainable housing solutions: These loans are designed to make homeownership accessible to more people with lower costs all around.
• FHA loans: This mortgage type offers flexible down payment and credit requirements, making it a popular choice for first-time buyers.
• Unique home financing: Housing as we know it has changed, and so have Cardinal Financial’s loan products. We can help finance unconventional home types like tiny houses, container homes, barndominiums, and more.

Pro Tip: A free pre-approval can give you a highly accurate estimate of how much home you can afford. Plus, it’ll help you make a more competitive offer to your seller.

3. Your Priorities: Location vs. Space

As a first-time home buyer, there are a lot of options and factors you’ll have to weigh. Two of the most important are location and space. Depending on where you are in life, you may have different priorities where it concerns these two factors. If you’re single, you may want to prioritize location above everything else. If you’re moving with a family, space might be more important than being in a happening part of town. It’s important to have clear priorities so you don’t give up too much of what you’re looking for throughout the house-hunting process.

4. Your Down Payment

A substantial down payment goes a long way in minimizing risk and getting you started off on the right foot with some equity. Make sure to start saving as soon as possible to make a sizable dent in your total home cost. But, don’t let down payments keep you from committing to homeownership. It’s a commonly held belief that you need to put 20% down, but that’s simply not true. In addition to down payment assistance programs for first-time home buyers, some loans even allow 0% down.

5. Your Real Estate Agent

If it’s your first time buying a home, you’re going to want some help. A great real estate agent can take a lot of pressure off you and really help streamline the process. Find someone who comes highly recommended, either from a friend, family member, neighbor, or co-worker, and let them work for you. The right agent should be experienced, skilled, motivated, and knowledgeable about the area in which you want to buy.

6. Your School District

If you have kids or plan to in the near future, it’s important to explore the schools in the vicinity of any home you plan to buy. Are the schools a good fit for you and your family? Do you have other options if the school you’re zoned for isn’t a great fit? Even if you don’t have kids, school districts can impact the cost of homes in the area. Often, thriving school districts indicate a healthy local economy and higher real estate value.

7. Your Timeline

One of the most important things first-time home buyers need to know is something only you can determine: When are you ready to buy a house? It’s a huge commitment that shouldn’t be taken lightly. Before you buy a home, make sure you know exactly what you’re getting into so you can decide if you’re ready from a financial and personal standpoint. Find out how much you’ll be paying in addition to your monthly mortgage payment. That includes property taxes, homeowners insurance, HOA fees, and other monthly costs. Once you have all that settled, you’ll be in a good position to decide if you’re ready or not.

8. Your Budget

Budgets aren’t fun, but they are necessary. Look for properties that cost less than the amount you were approved for initially. Even though you can technically afford your pre-approval amount, you should use that as a ceiling. That’s because it doesn’t account for the monthly expenses we listed earlier or any other repair costs that may arise during homeownership.

Home shopping with a firm budget in mind will also help you when it comes time to start making offers. In a competitive market, it can be tempting to make a high-priced offer on a home you love. But it’s important not to let your emotions get the best of you. Shopping under your pre-approval amount will allow for some wiggle room for bidding and will help you avoid a mortgage payment you can’t afford.

What First-Time Home Buyers Need to Know: Additional Resources

You don’t have to be a mortgage expert to buy your first home. After all, that’s our job. Our team members are available anytime to answer your questions. We also have a variety of free guides available to help you dive deeper into topics like down payments, property taxes, and more.

The post What First-Time Home Buyers Need to Know: 8 Key Tips appeared first on Cardinal Financial.

10 Holiday Hosting Tips for a Stress-Free Season

• Prep as much food as possible
• Declutter
• Stock up on snacks
• Invest in a coat and shoe rack
• Delegate hosting duties
• Create a help-yourself beverage station
• Strategize sleeping arrangements
• Designate a guest bathroom
• Display the Wi-Fi password
• Focus on functionality

1. Prep as much food as possible

The holidays are full of delicious traditional dishes. Unless you’ve got a Michelin-grade kitchen, you’ll likely not have the space to prepare them all at once. Luckily, there are plenty of prep steps you can take care of in advance to save holiday hosting time and stress.

Holiday Food Prep Ideas

• Cookie dough can keep for up to 5 days in the refrigerator, and even longer in the freezer.
• Get your vegetable chopping out of the way the night before (save aromatics like garlic and onion for the day of, though).
• Store-bought really is fine. If you can find a great-tasting store-bought substitute for a homemade dish (or even just part of it, like pie crust) we say go for it. Just be mindful of ingredients in case you have guests with food sensitivities.
• Assemble salads ahead of time, but hold off on the dressing until ready to serve.
• Soup is easy to dress up as an appetizer or first course for any occasion, and it can easily be made ahead of time and reheated for your holiday meal.

Pro Tip: Stun with these festive side dishes that are ideal for making ahead.

2. Declutter

This one might seem a little counterintuitive with all your festive decor. But, decluttering non-seasonal items in anticipation of guests can help your space feel less crowded. And from a practical standpoint, with guests squeezing past each other and kids running around, you’ll want to keep breakables out of the way.

3. Stock up on snacks

One of the easiest strategies to take stress out of your holiday hosting is to have plenty of snacks on hand. That way, even if meal prep takes longer than you planned or guests arrive earlier than expected, there’s no rush to finish cooking. Guests can graze on cheeseboards, dips, and more while you focus on the main course or simply enjoy the holiday.

4. Invest in a coat and shoe rack

Even if you have a coat closet, winter layers take up a lot of space. To avoid a pile of coats on your bed or shoes kicked off by the door, invest in a standalone coat and/or shoe rack that fits in your entryway. It’s one of the less glamorous holiday entertaining ideas, but it’ll save everyone the confusing coat shuffle at the end of the night.

5. Delegate hosting duties

The holidays are a family affair, and hosting them should be, too. While we understand the urge to do everything yourself to ensure it’s exactly as you envisioned, don’t be afraid to delegate some hosting duties this holiday season. Assign dishes for guests to bring, put your partner on clean-up duty, or have your kids direct guest gift placement under the tree. There are lots of small ways to lighten the load.

6. Create a help-yourself beverage station

Save the fancy cocktails for smaller parties, and leave beverages in your guests’ hands so you can focus on actually enjoying the holiday. Pre-made punch, hot coffee in an insulated carafe, and canned non-alcoholic beverage options placed out for guests will give you one less thing to worry about while hosting.

7. Strategize sleeping arrangements

One of the (literal) biggest perks of homeownership is that you might have more room for guests than you would in an apartment. But, if you’re hosting multiple people overnight, you’ll likely still need to get creative with the sleeping arrangements. A group setup in the living room with sleeping bags can be a great solve for kids, and for those who need a little more support, air mattresses are a tried and true space saver. And when you run out of space, it’s not impolite to ask guests to opt for a hotel rather than your home.

8. Designate a guest bathroom

Save yourself some frantic cleaning of your entire house and designate specific areas for guests—especially a bathroom. Stock it well with plenty of toilet paper, clean towels, and toiletry essentials. It’s also helpful to keep an easily accessible laundry hamper in the guest bathroom to spare your guests any uncertainty as to what to do with used towels and washcloths.

9. Display the Wi-Fi password

Whether you’re hosting for the day or planning on overnight guests, the one thing you can count on is someone asking for the Wi-Fi password. Save yourself the hassle of answering the same question multiple times and display your Wi-Fi password where it’s easily visible to guests, such as on the fridge or in the entryway.

10. Focus on functionality

Holiday aesthetics are a lovely touch to your festivities, but don’t burn out trying to execute all those ambitious Pinterest holiday entertaining ideas. Ultimately, all that you and your guests need to nail holiday hosting is food on the table, a place to put your stuff, and each other’s company. Anything else you manage to get done is just the ribbon on the wrapping paper. Happy holidays!

Ultimately, all that you and your guests need to nail holiday hosting is food on the table, a place to put your stuff, and each other’s company.

The post Holiday Hosting Tips to Keep Things Festive and Stress-Free appeared first on Cardinal Financial.

15 Confusing Mortgage Terms Explained

1. Adjustable-Rate Mortgage
2. Amortization
3. Annual Percentage Rate
4. Attainable Housing
5. Buydown
6. Closing Costs
7. Default
8. Discount Points
9. Due Diligence
10. Easement
11. Eminent Domain
12. Escrow
13. First-Time Homebuyer Programs
14. Lien
15. Loan Estimate

Understanding the terms you’ll see on your home loan documents is key to getting more out of your mortgage.

The post Top 15 Confusing Mortgage Terms, Explained appeared first on Cardinal Financial.

Top 10 Fall Decorating Ideas 2024

• Jewel tones
• Copper metallics
• Warm neutrals
• Textured touches
• Dried floral arrangements
• Fairy lights
• Front porch displays
• Personalized pumpkins
• Foraged accents
• Rustic elements

Jewel Tones

When we think of fall decor, shades of red, yellow, and orange tend to dominate. You don’t have to limit your palette if you don’t want to, though. Jewel tones of any color—particularly purples and blues—can balance those warmer shades and add a touch of elegance to your fall vibe.

Copper Metallics

Silver and gold are classic holiday metallics, but don’t overlook copper when it comes to your fall decor inspo. Vases, candle holders, and even copper garlands are great ways to add some shine to your 2024 fall decor. Your table settings are another easy way to incorporate this 2024 fall decorating idea. Start with copper napkin rings and serving dishes, and see where it takes you.

Warm Neutrals

You can never go wrong with neutrals. This fall, try infusing some extra warmth into your space with tans, off-whites, and chocolatey browns to balance out your more colorful accents. Neutral throw blankets, pillows, and table runners are easy ways to create a calming, inviting atmosphere in your home.

Pro Tip: If you’re putting your home on the market during the holidays, keeping your seasonal decor neutral is key. Potential buyers should be able to easily see themselves in the space.

Textured Touches

Texture isn’t just about a physical feeling—it also adds visual dimension to your decor. We often associate furs, velvet, and satin with the winter holidays. So, which textures will help your home reflect the harvest season? When in doubt, take a rustic approach. Woven textiles, natural wood, and leather are a great place to start. And of course, don’t forget the cozy flannels.

Dried Floral Arrangements

If there’s one downside to fall, it’s that most fresh flowers are not in season. But that doesn’t mean your home has to be devoid of blooms. Dried floral arrangements not only add a rustic, seasonal touch to your decor, but they also have one important advantage over fresh flowers: There’s no maintenance required.

Fairy Lights

There was a time when we associated fairy/string lights with freshman dorm room decor, but in 2024, they’re making a major comeback in our (sort of) grownup homes. Whether you’re stringing them in a canopy over your porch, using them to fill mason jars, or adding a glowing touch to your Thanksgiving centerpiece, neutral string lights have endless applications. Plus, you can reuse them for your winter holiday decor.

Front Porch Displays

Whether you’re hosting for the fall holidays or just want to warm up your neighborhood, your front porch is a great place to flex your fall decorating ideas. Decorative hay bales, seasonal produce, and a festive fall wreath on your front door can create a cozy, welcoming feel to your home from the outside in. You can even give your front door a fresh paint job in a seasonal color of your choice.

Personalized Pumpkins

Halloween might have the rights to classic pumpkin carving, but this iconic autumn vegetable (or fruit, if you want to get technical) has plenty of post-October potential. The possibilities are endless, but here are a few ideas to get your gourd going:

• Apply decals of your house number to a large pumpkin and display it on your porch
• Fill vases and bowls with miniature pumpkins or place them along your table runner
• Get the kids involved with handprint turkeys, using a pumpkin as a canvas
• Use your favorite fall leaves to create stamps that can be applied to pumpkins
• Stack your pumpkins for a festive fall topiary display

Foraged Accents

It’s easy to get wrapped up in all the purchases the holiday season entails, but you can actually find plenty of fall accents outside for no cost at all. This is also a great outdoor activity to enjoy with your children. On your next walk or hike, keep a lookout for colorful leaves, pinecones, acorns, non-toxic berries, and even fallen branches that can be incorporated into your home decor. 

Rustic Elements

Rustic elements can make any space feel warm and cozy, which is exactly what you want for your fall decorating in 2024. Even if farmhouse chic isn’t your style, there are plenty of subtle ways to incorporate rustic elements into your home. Try burlap bows around your vases or candles, simple wood branches in your botanical arrangements, and classic patterns like plaid and gingham throughout your space.

Bonus Fall Decorating Ideas for 2024

One of the biggest perks of owning your own home is that you can decorate it however you want. So, don’t feel limited by traditional seasonal decor themes. If you’re looking for some alternative fall decorating ideas for 2024, here are a few concepts to get you started. Have fun!

• Barbiecore Fall: Go all out with pinks, purples, and sparkles. Paint your pumpkins in bright colors, or glam them up with rhinestone adhesives. You can even turn your pumpkin into a fall disco ball with mirror tiles, or mix in mini disco balls with your mini pumpkin vase fillers.
• Gothic Fall: If you wish Halloween lasted longer, this one’s for you. A classic black-and-white theme can be incorporated in endless ways, from black-and-white plaid throws to black serveware placed on a white table runner. And of course, you’ll need lots of candles.
• Beach House Fall: Missing warmer weather? Try incorporating beachy elements in your autumn decor. From conch shells as cornucopias to sea glass in your pumpkin-filled vases, fall doesn’t have to feel far from the beach.

One of the biggest perks of owning your own home is that you can decorate it however you want. So, don’t feel limited by traditional seasonal decor themes.

The post Our Favorite Fall Decorating Ideas for 2024 and Beyond appeared first on Cardinal Financial.

Home Disaster Recovery for Hurricanes Helene and Milton

On September 26 and October 9, 2024, Hurricanes Helene and Milton made landfall in the southeastern United States. Before we dive into our general disaster recovery information, you can find timely resources for ongoing hurricane recovery efforts below.

For those in need of assistance:

• Florida FEMA assistance
• North Carolina FEMA assistance
• South Carolina FEMA assistance
• Georgia FEMA assistance
• Tennessee FEMA assistance
• Virginia FEMA assistance
• Hillsborough County FL available resources
• Disaster unemployment benefits

For those looking to provide assistance:

• Donate supplies, blood, and more through ongoing drives
• Become an American Red Cross Disaster Volunteer
• Explore Asheville, NC volunteer opportunities
• Start training to become a certified Disaster Rebuild Team member through Habitat for Humanity

If you’ve been impacted by the latest hurricanes, we hope you’re staying safe and finding the aid you need to get back on your feet.

Homeowners Insurance

Your homeowner’s insurance is one of the most important tools you have when it comes to home disaster recovery. Contact your insurance provider as soon as possible to report the damage. Before making the call, take some time to review your insurance policy to understand what’s covered and any deductible you may need to pay.

When you’re ready to file a claim, give your insurance company all the necessary documentation, including photos and videos. Be as detailed as possible when explaining the damage. If your home is uninhabitable, your insurance may cover temporary housing. Ask about this when you contact your provider.

FEMA (Federal Emergency Management Agency)

If the disaster is declared a federal emergency, you may be eligible for FEMA aid. This can include grants for temporary housing, home repairs, and other expenses. On FEMA’s website, you can apply for assistance, find Red Cross shelters and FEMA Disaster Recovery Centers (DRCs) near you, and check to see if the disaster that impacted you has been declared a federal emergency. Keep in mind that you can only apply for FEMA assistance if your home was damaged during an officially declared federal emergency, and given the time it takes to apply, they are unable to provide immediate emergency services.

Local Non-Profits

If you don’t qualify for FEMA assistance or you need immediate aid while you wait for your FEMA application to process, your local non-profit organizations are a valuable resource. The exact services available to you will depend on your location, but most residential areas will have organizations of all kinds that are acutely aware of the area’s needs. If you’re not sure where to begin, you can search for non-profits in your area via GuideStar.

Local non-profits are all about helping the community, so even if the service they provide is not directly applicable to disaster relief, there’s a good chance that in the wake of a disaster, they’ll be organizing efforts to assist in whatever way they can. From cleaning supplies to temporary shelter, you may be able to find many of the things you need throughout the recovery process right in your community.

Speaking of community, much of the aid after a disaster comes not from any particular organization, but from your neighbors and your personal network. Don’t be afraid to ask people you know for help, and how you can help them in return. It takes a village.

Natural Disaster Cleanup Resources

Once you’ve contacted your insurance and received the go-ahead, you can begin cleaning up. Before you start, make sure you wear protective clothing like gloves and masks. In addition to safety gear, the following is a list of common supplies you’ll need to tackle clean-up. Many of these can be sourced through local non-profits or by starting a supply drive on social media. Amazon wish lists are also a great way to let people know exactly what you need and have it sent directly to you.

Home Disaster Recovery Cleanup Supplies

• Heavy-duty storage totes and buckets
• Wet vacuum 
• Tarps
• Generators and fuel
• Wire brushes
• Shovels
• Brooms and mops
• Crowbars
• Bleach
• Vinegar
• Flashlights and batteries

Rebuilding Resources

When it’s time to start rebuilding or repairing, it’s important to consider ways to make your home more resilient to future disasters. Talk to your contractor about using disaster-resistant materials like impact-resistant windows, reinforced roofing, or fire-resistant siding, depending on the type of disasters common in your area. If you’ve experienced flooding, consider raising electrical outlets, using water-resistant materials for walls and flooring, and installing sump pumps. Organizations like All Hands and Hearts specialize in rebuilding efforts post-disaster, and may be able to help you with repairs.

You may also qualify for an FHA 203(h) loan. This disaster relief home loan helps victims of major disasters recover by making it easier for them to obtain a mortgage or re-establish themselves as homeowners.

Natural Disaster Prep for the Future

After the dust has settled on your home disaster recovery, it’s important to start planning for the future. Disasters can happen at any time, so taking proactive steps now can save you time, money, and stress later. If you haven’t already, this is the perfect time to review your homeowner’s insurance policy. Make sure it covers the types of natural disasters that are common in your area, from floods to fires to earthquakes.

An updated home inventory is also essential for faster and more accurate insurance claims. Go room by room and document everything you own that could be covered by insurance. This can be done through photos or videos, but be sure to save the inventory somewhere that can be recovered if your personal devices or physical files are damaged, like cloud storage.

No matter where you live, having an emergency kit on hand can make all the difference during a disaster. Stock it with essentials like:

• Water (one gallon per person per day for at least three days)
• Non-perishable food
• First aid kit
• Flashlight and extra batteries
• Medications
• Important documents (stored in waterproof containers)

Home Disaster Recovery: Key Takeaways

Recovering from a natural disaster is never easy, but with the right steps and support, you can get back on your feet and rebuild stronger. As a homeowner, taking precautionary steps now can make future disasters less devastating. Take time to prepare your home, review your insurance, and create an emergency plan for your family. And when the worst happens, don’t hesitate to ask for help from all the people, organizations, and community networks at your disposal. Stay safe!

As a homeowner, taking precautionary steps now can make home disaster recovery easier in the future.

The post Your Home Disaster Recovery and Prep Guide appeared first on Cardinal Financial.

1. Keep it clean

A clean home will always be more enticing to buyers than a messy one. So, when you’re selling your home, it’s important to declutter and remove any excess furniture, family photos, and other personal items so that prospective buyers can envision their own family in your house. You want your home to look as big and as new as possible. It may also be a good idea to hire a cleaning service.

2. Stay available

You never know when a buyer may want to view your home. Ideally, you’ll have enough advance notice to prepare, but being able to accommodate a last-minute viewing could go a long way toward building goodwill with the buyer. Don’t leave dishes in the sink, keep your bathrooms clean, and make sure everything is dusted and well swept.

3. Don’t delay repairs

Anything that could deter a potential buyer from making an offer should be fixed before you start showing your home. Some repairs may seem minor, but these seemingly insignificant issues can really add up in the mind of a buyer, and in some cases, they may not see your home as worth the trouble of fixing all those little things. Don’t give them a reason not to make an offer. You can also leverage these repairs in the purchase price of your home! Making repairs builds equity, so you may be able to sell for a higher price that takes into account the value of the repairs.

Pro Tip: If you really don’t want to play handyman, you may be able to negotiate with the buyer to sell your home for a lower price, provided they take responsibility for any needed repairs.

4. Maintain a comfortable temperature

Now isn’t the time to worry about your energy bills. Make sure potential buyers are comfortable when they’re touring your home. If it’s cold outside, leave the heat on. If it’s hot, some refreshing AC will put them in a good mood as soon they walk in.

5. Keep it light (literally)

Not only do poorly-lit homes feel less inviting, but from a practical standpoint, they also make it harder for buyers to see what they’ll be paying for. Make sure you’ve got all your lights on and your blinds open to show your home at its best.

6. Keep your pets out of the way

Even if your buyers have pets, they don’t have your pets. In the spirit of making the home feel like a fresh start for buyers, keep your pets out of the way during showings if possible. For outside pets, an enclosed outside area should be fine. If your pets are strictly indoors, consider closing off an area of the home for them or leaving them with someone you trust for the day. And of course, make sure pet hair and waste are cleaned up before showing your home.

7. Be realistic about your price

Hear us out: Consider underpricing your home. Why? If you underprice your home, you’ll likely receive more offers from multiple buyers with multiple bids, even in the toughest markets. When you start fielding multiple offers, it could result in bidding up the price to well over what it’s worth. Plus, with rates being what they are in the current market, if you price your home too high you may get very few offers as most potential buyers are on a tight budget.

Bonus home-selling tip

The best home-selling tip we can give you is to stay flexible. You are, after all, selling your home to people, and people’s lives can get unpredictable. They may need to reschedule showings, negotiate on the price, or finalize the purchase later (or sooner) than you feel is ideal. Remember that you may be selling your home, but the buyer is the one who’ll be living in it for years to come. It’s normal for them to obsess over the details. And when it’s your turn to buy, we’re here to help with all of those details, too.

The best home-selling tip we can give you? Stay flexible.

The post 7 Simple Home-Selling Tips for Any Market appeared first on Cardinal Financial.

Home improvements for tax deductions to consider

Home improvements that qualify for tax deductions typically fall into one of these four categories:

• Renovations for medical conditions
• Eco-friendly home upgrades
• Home office additions
• Improvements made to sell your home

However, as with all things taxes, it’s not that simple. Which home improvements are tax deductible depends on the scale of the project, how you use the renovated space, and more detailed criteria. Plus, some states may have different tax requirements than others. With that in mind, let’s get into what you can generally expect to qualify.

Renovations for medical conditions

Accessible home modifications are often eligible for tax deductions. These include medically necessary home improvements intended to make the home livable for a person with a disability who resides in the home.

Common deductible home improvements for accessibility

• Widening doorways
• Installing stair lifts and ramps
• Installing voice-activated control systems
• Installing handrails and grab bars throughout the home
• Converting standing showers and tubs to include accessible seating

Eco-friendly home upgrades

In case helping out the planet (and lowering your utility bill) wasn’t incentive enough to go green, many home improvements for energy efficiency can help you qualify for more tax deductions. Barring very few exceptions, these deductions can only apply to your existing home, not a new home you’re constructing from the ground up. 

Common deductible home improvements for energy efficiency

• Installing ENERGY STAR-rated doors and windows
• Installing ENERGY STAR-rated appliances
• Installing solar panels
• Replacing insulation materials

Pro Tip: What does an ENERGY STAR rating actually mean? ENERGY STAR-rated products meet strict energy efficiency standards set by the US Environmental Protection Agency. Learn more here.

Home office additions

If you run a business from home, you may be able to deduct that space from your taxes. In general, your home office needs to be an exclusive part of your home that you use only for conducting business on a regular basis. Your home office should also be your principal place of business. If you spend 9-to-5 at a storefront and use your home office to catch up on overtime tasks, that home office space likely won’t qualify. 

Common deductible home improvements for your home office

• Installing new equipment needed for work (such as a new printer)
• Renovations made to your entire home that impact the office (such as new floors throughout)
• Repairs made to the office exclusively

Pro Tip: Most home office tax deductions are based on the percentage of your home’s square footage that the office occupies. So, first things first, bust out that measuring tape.

Improvements made to sell your home

If you sell your home for more than you paid for it, that’s called capital gain. And in tax world, capital gain is, you guessed it, taxable. Luckily, it’s possible to reduce the amount you’re taxed for that capital gain based on how much money you invested in the home. Even if those renovations weren’t necessarily made with a sale in mind at the time, you could still qualify. 

Common deductible home improvements for home sales

• Structural additions, like a new garage
• Landscaping installations, like a swimming pool or firepit
• Plumbing or HVAC upgrades
• New flooring

As a general rule of thumb, upgrades required to maintain the livability of your home do not qualify. For example, the cost of repairing a leak in the ceiling won’t be eligible for a deduction.

Other potential home improvements for tax deductions

If you own a rental property, home improvements generally are not deductible. However, you may be able to deduct the cost of necessary repairs to the property. Whether or not a home improvement project on a rental property is considered deductible essentially comes down to whether that repair was necessary to make the home livable (deductible) or whether it was simply enhancing the space (not deductible). Additionally, you should look into specific state or local tax deductions for home improvement projects. Depending on where you live, you may have more options than you think.

Bottom line? Homeownership can offer so much more than just a place to live. Tax deductions for home improvements are just one way to make the most of your investment.

This material has been prepared for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before making the decision to buy or refinance a home.

Not only can renovations boost your home’s value, but some projects could qualify you for more tax deductions.

The post Top Home Improvements for Tax Deductions appeared first on Cardinal Financial.