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.

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.

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.

8 weeks before you move

If you’re going the professional mover route, it’s important to book your movers as far in advance as possible before they’re full for the summer. Booking early also means you’ll have a better chance of beating the heat with a morning move time.

• Take inventory of your stuff. What are you keeping? What are you selling/donating? What needs to be thrown out? 
• Arrange moving transportation, whether that’s a friend’s pickup truck or professional movers.
• Transfer school and vet records if needed. Getting your human and fur babies to the new place is only half the battle.

Pro Tip: If you’re booking movers, they’ll ask for a detailed inventory of your belongings to provide the most accurate estimate of your moving costs. This is also how they determine what size truck they’ll be bringing to move your stuff, so don’t lowball it. In addition to your furniture, use this guide to give your movers an estimate of how many boxes you’ll have come moving day.

6 weeks before you move

Before you buy packing supplies, think strategically about how soft items (like towels and bedding) can be packed with more fragile items to minimize how many supplies you’ll need. Plus, it’s great for the environment.

• Buy packing supplies (more than you think you’ll need).
• Remember that casserole that’s been sitting in your freezer? Time to use it or lose it.
• Measure your new space to make sure your furniture will fit. No sense lugging a dresser across state lines only to find that it won’t fit through your new doors.

4 weeks before you move

• Packing time! Make your life easier by setting aside a box of items you’ll be using up until the day of the move.
• Disassemble furniture you’re not using. Your movers will likely do this anyway, but nobody cares for your furniture like you can.
• Label your boxes. Your future self will thank you when it’s time to unpack.
• Change your address and update your billing information once USPS has processed your request.

Pro Tip: Packing early isn’t just important for saving you last-minute complications. If you have pets, seeing their home packed up gradually gives them more time to adjust to the change, rather than everything they’re familiar with disappearing overnight. You can find more helpful tips for moving with pets here.

2 weeks before you move

These next two weeks will fly by. As you get closer to moving day, it’s time to tackle all those moving tasks that fall outside of the actual moving process, like car maintenance, requesting time off from work, and more.

• Submit your workplace PTO requests for moving day (or week, moving is stressful) if needed.
• Make sure your car is ready for the trip. Even if it’s just across town, it’s one less thing to worry about on moving day.
• Confirm moving day details with your mover (or friend with a truck). Where can they park? Is it a gated community that they’ll need a code to enter? What time are they arriving? What form of payment is preferred?
• Schedule utility account transfers for your move-in day (electric, internet, gas, and water are the big four).

Week of your move

It’s almost time! In the week before your move, make sure your payment for your movers is ready to go and that your billing address has been updated on all relevant accounts.

• Refill prescriptions if you have them.
• If you have pets, update the address associated with their microchips.
• Defrost your freezer if it’s moving with you.
• Get cash to tip your movers (or buy your friends a round).
• Remember that box of items you’re still using? On the day of your move, tape it up and add it to the stack for your movers to handle.

Bonus items for your summer moving checklist

Even if you’re not doing the literal heavy lifting on moving day, the summer heat is no joke. Consider adding these items to your summer moving checklist to keep things cool.

• Stock a cooler with cold beverages so you’ll have hydration on hand while transitioning between your old fridge and your new one.
• Turn off the AC but keep a fan going while movers are coming in and out to avoid wasting energy.
• If you have pets that need to be kept in a separate area while movers are in the home, make sure that space has plenty of ventilation and cool water (and shade if it’s outdoors).
• Don’t forget to celebrate. Moving is a big deal!

Since summer is peak moving season, it’s important to book your movers as far in advance as possible before they’re full.

The post Summer Moving Checklist: How to Nail Your Warm-Weather Move appeared first on Cardinal Financial.

1. Give it a good clean

The outdoor surfaces of our homes often don’t get the same amount of love as the interior when it comes to cleaning. After all, it’s inevitably just going to get dirty again. All that dust and dirt builds up though, so consider investing in a heavy-duty cleaning before listing your home. Pressure washing your driveway, siding, and porch can make a noticeable difference in your home’s appearance. Plus, it gives you a better idea of what else might need to be replaced or repaired to boost your curb appeal in other ways.

2. Repaint

You knew this one was coming. If the exterior paint on your home is looking a little worse for wear, we recommend a fresh coat of paint before you list your home. And if you don’t have the time or budget to repaint the whole exterior, consider making a statement by painting just your front door in an accent color.

3. Hang window boxes

Window boxes are long, narrow planters designed to showcase flowers or plants right below your window. You can find one that fits your style at most home and garden stores. Or, if you’re feeling crafty, gather up the supplies and build them yourself! Window boxes can add color, dimension, and charm to your home’s exterior and really dress up your outdoor space.

4. Don’t skip the landscaping

First things first, mow that lawn and prune your trees. And if the front of your house looks a little bare and boring, liven it up by planting flowers. We recommend perennials, not annuals, because perennials grow again in the spring without needing to be replanted. Annuals, on the other hand, must be replanted every year. Other factors to consider are the plant’s sunlight, shade, soil type, and water needs. It’s important to find out what kinds of plants would survive in your front yard and porch before you plant.

5. Hang potted plants and greenery

Speaking of plants, do you have a covered front porch? You could maximize that open space and hang planters from your porch ceiling. It’s a great way to improve your curb appeal and it adds dimension, drawing eyes upward. Get creative and hang planters of different colors, sizes, and shapes that reflect your home’s personality. Take the look a step further by planting draping greenery like ivy or pothos plants.

6. Give your mailbox a makeover

Paint your mailbox to match your front door. Plant flowers at the base of the mailbox post. Sand and varnish, repaint, or replace the post—the list goes on. There are countless ways to bring your mailbox to life and any one of these creative touches can make it stand out from the rest of the block. Just don’t go overboard personalizing it to the point that potential buyers couldn’t see it as their own.

7. Replace gutters and downspouts

Replacing gutters and downspouts might not be the most glamorous of updates, but it impacts your home’s curb appeal more than you might think. Even if your gutters don’t need to be fully replaced, cleaning and securing any areas that are not attached to the home properly will give your potential buyers one less thing to worry about in terms of the home’s functionality.

8. Replace hardware

From light fixtures to doorknobs to your address numbers, refreshing the finishes on your outdoor hardware can give your home an instant lift. This is also an easy DIY update that takes minimal time if you’re wondering how to boost curb appeal on short notice.

Any other tips on how to boost curb appeal?

Maybe the biggest rule of prepping your home for sale is to keep your decor choices—inside and out—neutral. Buyers should be able to envision the space with their own belongings and tastes, and that’s hard to do if your personal style is on display. When it comes to curb appeal, here are a few things to avoid:

• Lawn decorations
• Visible garbage/recycling cans
• Window decals

Sorry to your lawn gnomes, but it’s not their time to shine. For more tips on nailing your home sale or boosting curb appeal, reach out to our team anytime.

Whether you’re selling your home or you just want to put your best foot forward for your HOA, curb appeal can make a big difference in how your home is perceived.

The post How to Boost Curb Appeal in 8 Easy Steps appeared first on Cardinal Financial.

Unconventional mortgages: Types of properties that may qualify

• Condos/barndominiums
• Tiny homes
• Container homes
• Manufactured homes
• Cooperative housing (co-ops)

Condos and barndominiums

Condo living can be a great option when you want to start building home equity without having to commit to an entire house. Barndominiums function in a similar way, but refer specifically to living spaces that have either been built in the style of a barn or have been converted from an existing barn into a residential property. Depending on the specific condo or barndominium, you might be able to secure Conventional or government-backed home financing.

Tiny homes

Tiny homes come in a variety of shapes and sizes, but usually average out at just 225 square feet. Cost-wise, things vary. Prefabricated tiny homes could cost as little as $30,000, whereas custom-built tiny homes could cost as much as $150,000 or more. Still, even that cost is more palatable to some people than the average cost of a full-blown house. 

And thanks to a wider range of financing options, it’s easier to obtain a mortgage for a tiny home that can be placed virtually anywhere.

Container homes

Another rising trend? Container homes, or the refurbication of shipping containers, remodeled and rearranged in various ways to create truly unique homes. Like tiny homes, these options can cost as little as $10,000 if people forego finer details, but price tags can balloon upwards quickly for more in-depth configurations and customizations. Still, even the larger container homes shouldn’t cost more than $200,000 to build according to UpNest, a Realtor.com company. 

Pro Tip: While one container might feel like living in a studio apartment (or the aforementioned tiny home), two or three shipping containers can be laid out to feel more like a traditional house.

Manufactured homes

Manufactured homes are similar to container homes, in that they generally consist of prefabricated pieces that are arranged onsite. They’re also sometimes referred to as modular or mobile homes, and come with a number of advantages:

• Quick to build
• Fewer location restrictions
• Less costly

That said, manufactured homes also come with some disadvantages. They’re typically harder to finance if they’re mobile, which means a mortgage lender may require the home to be permanently set in one location. 

Concerned about cost? Good news: like other unique homes, modular and manufactured homes range in price—with single-wide homes running an average of a little over $75,000 and double-wide homes tacking on another $100,000 to that figure. 

Cooperative housing (co-ops)

While it’s not common, in some cases you may actually be able to finance your co-op living with a home loan. Qualifying criteria is determined on a case-by-case basis, so unfortunately there’s no standard co-op scenario to stack the numbers against. In general, cooperative share loans are typically more involved than traditional financing, and it can be difficult to find lenders who provide this service. The good news? Cardinal Financial just so happens to be one of those lenders.

Types of unconventional mortgages

Okay, now that we’ve broken down a few different types of unique homes, let’s talk about the unconventional mortgages you can use to purchase them. 

One popular option is the MH Advantage^TM loan, which offers affordable housing alternatives to buyers nationwide so long as the unique home is built on a permanent foundation. The MH Advantage loan comes with flexible underwriting standards and reduced pricing for manufactured homes that meet specific construction, architectural design, and energy efficiency standards.

That means, if you like the idea of a modular home or a tiny home but aren’t thinking about traveling the country, you may be able to qualify for financing.

However, if—after reading through all of these unique home types—you’re thinking a conventional home may be more up your alley, consider the possibilities of building your own home with a one-time close loan. That way, if you’re struggling to find a home you want in the current market, you could create your own custom home that’s unique in its own way. With this loan option, you don’t have to pay for the land and the home separately, and you close before construction ever begins. Once the project is complete, the loan becomes a Conventional mortgage. 

Pro Tip: If a new build is out of your budget, Renovation loans are another streamlined way to customize a home, typically for less than a new build.

So, how do I get an unconventional mortgage?

Like a traditional home loan, most lenders will need standard information like your credit history, income, and tax forms to determine if you qualify for an unconventional mortgage. Luckily, you may be able to enjoy more flexibility with qualifying criteria on an unconventional mortgage since, by design, it’s a loan intended for a unique borrower situation. 

Regardless of what home type you choose to pursue, we’re here to help you find the right financing options. One of the best things you can do in your adventure toward homeownership is to obtain a rate quote and speak with a loan expert who can help you find what you’re looking for. 

Unconventional mortgages are a great way to finance container homes, tiny homes, and more unique property types while building home equity.

The post Unconventional Mortgages: How to Finance Unique Homes appeared first on Cardinal Financial.

Top 10 2024 Interior Design Trends

• Statement lighting
• Quiet luxury
• Arches
• Yellow accents
• Biophilic design
• Velvet
• Monochrome rooms
• One-of-a-kind pieces
• Country western influences
• Colorful tiling

1. Statement lighting

If you’re on social media, you’ve probably heard of the Big Light Debate. If not, it’s essentially the dispute over what creates a better vibe in a room: One big light (typically an overhead light fixture) or a series of little lights (like lamps, string lights, and candles). In 2024, the little lights are winning by a landslide. 

Pro Tip: When it comes to selecting your little lights, vintage lamps are a great way to cultivate a unique look while embracing sustainability in interior design.

2. Quiet luxury

No, you don’t have to earn a high-end salary to participate in this trend. In fact, it’s a bit of a misnomer to call it a trend at all. Quiet luxury is all about selecting a few timeless pieces for your home that you can build the rest of your decor around. So, to cultivate this aesthetic, you don’t need to change many elements of your style. Take stock of what you already have and consider items you’ve been meaning to replace. Nothing against that fast furniture bookcase, but if it’s nearing the end of its lifecycle, maybe it’s time to replace it with a higher-quality piece that you can enjoy for years to come.

3. Arches

Angular lines are out, and curved silhouettes are in. Luckily, arches can be introduced into your home without changing the architecture itself. Arched mirrors, headboards, and even painting an arched backdrop behind a focal piece of furniture are all fairly simple ways to try this 2024 interior design trend.

4. Yellow accents

Pantone’s 2024 Color of the Year might be Peach Fuzz, but yellow tones are having a moment, too. Especially in kitchens and bathrooms, a pop of the right shade of yellow can infuse your home with warmth, light, and energy. Accent walls, upholstery, and cabinetry are some popular ways to incorporate this sunny hue throughout your space.

Pro Tip: Yellow is a notoriously hit-or-miss color for interior design. Check out some tried and true shades to help guide your decision.

5. Biophilic design

We started seeing biophilic design gain popularity in 2020, and it’s still going strong in 2024. You don’t need a green thumb to bring elements of nature into your interior design, though. Plant-patterned wallpaper, curtains that allow in more natural light, and even simply incorporating nature-inspired hues of green can all help you achieve that post-hike happiness in your home.

6. Velvet

Texture has been having a moment for a while now, and this year’s star texture is velvet. Curtains, bedding, and throw pillows are some simple ways to introduce this trend in your space.

7. Monochrome rooms

This 2024 interior design trend is a marriage of minimalism and maximalism. You simply pick one, non-neutral color, and decorate an entire room (or corner, if you’re low on square footage) with solely that shade—from the walls to the furniture to the art. Pick any color you like!

8. One-of-a-kind pieces

The best part about this 2024 interior design trend is that you likely already have items around that can be used to incorporate it. That masterpiece your kid made that’s hanging on the fridge? Time to frame it and upgrade it to wall art status. Whether it’s vintage pieces, handmade items, or work from local artisans, one-of-a-kind decor is replacing cookie-cutter style this year.

9. Country western influences

It’s no surprise to learn that if Beyoncé’s doing it, we’re all doing it. Country western influences are trending in 2024. No need to go full cowboy mode if that’s not your style, though. Cowhide rugs, leather accents, and wooden furniture are some subtle ways to create that rustic feel.

10. Colorful tiling

Whether it’s on your floors, walls, or countertops, colorful tile is trending as a way to create a vintage aesthetic in any space. Shades of green, pink, and purple are popular choices, especially in your bathroom or kitchen.

2024 Interior Design Trends: What’s Out

What interior design trends should you avoid? Ultimately, whichever ones you don’t like. But if you’re looking to stage your home and want to boost your appeal for a younger buyer, you may want to avoid these dated decor trends.

• Ruffles
• Minimalism
• Coastal aesthetics
• Fast furniture

From throw pillows to accent walls, there are plenty of simple ways to incorporate design trends into your home this spring.

The post 2024 Interior Design Trends: 10 Ways to Upgrade Your Home appeared first on Cardinal Financial.

When should I refinance my mortgage? 4 factors to consider

• How much home equity do you have?
• What are your mortgage goals?
• What are the current interest rates?
• How long has it been since you purchased your home?

How much home equity do you have?

One of the biggest advantages of owning a home over renting is the ability to build equity. Home equity is what your home is worth in the current market, less the amount owed on any mortgage. In other words, it’s the percentage of your home that you own. Unlike monthly rent, every payment you make on your mortgage gets you closer to paying it off entirely, all while your home equity keeps accumulating. 

If your home equity is high, you could leverage it for better rates, cash out, or a new loan type when you refinance. So, how much equity is a lot of equity? As in all things mortgage, it depends on your unique financial situation. In general, you’ll want to aim for at least 20% equity in your home before considering a refinance.

What are your mortgage goals?

When most people think of refinancing, the first thing that comes to mind is a rate and term refinance. As the name implies, a rate and term refinance allows you to get a new rate and/or term on your mortgage. You may also be able to refinance to a different loan type that better meets your needs. It’s not the only option out there, though. 

A refinance can also be used to fund home renovations, leverage your home equity for cash, and more. The goal you have in mind can help you determine if it’s the right time to refinance. For example, if your goal is lower rates and rates are higher than usual, it might be better to wait until rates drop. If your goal is to boost equity with renovations, seasonality might be important to factor into your decision as well.

Top 5 reasons to refi

1. Lower your interest rate to get a lower monthly mortgage payment.
2. Get cash out of your home equity to get funds for home reno, remodeling, and more.
3. Consolidate debt* to make fewer loan payments on a monthly basis.
4. Pay the same amount each month to gain financial stability.
5. Pay off your mortgage faster to save on interest and gain complete ownership.

*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.

What are the current interest rates?

Speaking of rates, let’s discuss the elephant in the room. While rates aren’t the only factor to consider when asking, “When should I refinance my mortgage?” they’re undeniably an important one. No matter your mortgage goals, rates will impact your ability to reach them. 

Yes, lower rates are typically more desirable. But unfortunately, when it comes to average market rates, there’s only so much you can control. It’s up to you to decide if it’s worth it to hold off on refinancing until average rates are lower. And there’s always the risk that if you wait for rates to get lower, they may actually go up instead. 

It’s not an easy decision, but remember that your best rates don’t only depend on the market. Factors like your credit score, home equity, and debt-to-income ratio (DTI) can also help you qualify for better rates regardless of the market. So, if your finances are where you want them, it might be the right time for you to refinance even if average rates aren’t ideal.

How long has it been since you purchased your home?

This one might go without saying, but if you’ve just recently closed on your home or a previous refinance, you’ll want to hold off on starting the process again right away. Aside from the fact that each transaction involves additional costs like appraisal fees, criteria like your credit score or home equity are unlikely to have changed enough to qualify you for new terms in a short period of time. Unless there’s a drastic shift in rates that you plan to take advantage of, it’s recommended to wait at least six months before refinancing after you’ve closed on your last purchase or refi. Keep in mind that some loan types or lenders may also require specific waiting periods before you’re allowed to refinance. 

So, when should I refinance my mortgage?

Now that we’ve gone over some home refinance pros and cons, let’s revisit whether or not it’s time to refinance your mortgage. 

It might be time to refi if:

• You’ve built up at least 20% equity
• A refi fits your homeownership goals
• Rates are low(er)
• It’s been at least 6 months since your last purchase or refi

Of course, everyone’s situation is unique. These four factors are a good place to start when asking if you should refinance your mortgage, but you should always consult with your own mortgage professionals and financial advisors to determine if it’s right for you. And if you have any questions, we’re here to help.

If your finances are where you want them, it might be the right time for you to refinance even if average rates aren’t ideal.

The post When Should I Refinance My Mortgage? 4 Factors to Consider appeared first on Cardinal Financial.

3 Key DIY Home Renovation Tips

• Decide which projects you’ll DIY, and which you’ll leave to the pros
• Budget for more than you think you’ll need
• Work on one project at a time

Decide which projects you’ll DIY

As a general rule, you’ll want to avoid DIYing projects that require permits (this will vary depending on where you live, so do your research before you start). Similarly, projects involving your electricity, plumbing, and HVAC system are better left to professionals. So, what projects can you DIY?

Demolition

As long as you take proper safety precautions, demolition is a home renovation project you can tackle yourself. Just don’t knock down that load-bearing wall, please. And if your home was built prior to 1979, make sure you test for lead paint and asbestos first.

Paint

A fresh coat of paint is a mainstay of DIY home updates. Choose your colors, cover your furniture and floors, and have fun. And if you don’t feel like taking on your whole home, simply painting your front door with a statement color can boost your curb appeal.

Fixtures and finishes

Swapping out light fixtures, switch plate covers, and cabinet hardware is a simple update that can make a big difference. All you really need to handle this one is the right screwdriver. Since fixtures and finishes are easy to swap out, this is also a good way to incorporate current home decor trends. If you don’t like the look or trends change, updating them again is a simple process.

Drywall (sometimes)

This one really comes down to how much confidence you have in your drywall abilities. Patching up a few holes is a skill every homeowner should have, but large-scale drywall projects are typically not worth the headache of doing yourself. So, if your whole home needs new drywall, call a pro. If it’s a small area, go ahead and DIY (if you want to, of course).

Budget for more than you think you’ll need

An evergreen home renovation tip? Expect the unexpected. That includes your budget, too. While you can save a lot of money by DIYing, you’ll still need to account for the costs of materials and tools in your budget—with wiggle room for any do-overs you may need. Luckily, your mortgage could actually help you finance those home projects. With a cash-out refinance, you can leverage your home equity for cash and use those funds to cover your renovation expenses.*

*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.

Work on one project at a time

Ready to practice mindfulness? One of the best DIY home renovation tips we can offer is to be patient. Tackle one project at a time so that if life happens and you need to pause, your whole home won’t be in disarray. Starting with just one project is also a good way to gauge if DIY is the right choice for you. Sometimes, the work just isn’t worth it and you may decide that professional renovations are a better fit going forward. No judgment here.

If you do opt out of DIY renovations, you may be able to use a renovation loan to roll your mortgage and project costs into one. This can help streamline the process, ensure your contractor is reliable, and lower your up-front renovation expenses.

Bonus DIY home renovation tips

Don’t hit the ground running with your home improvement ideas just yet. Before you go, here are a few bonus DIY home renovation tips to keep in mind.

• Stay flexible. Timelines, budgets, and visions may have to change as you go, so don’t stress if everything doesn’t go exactly to your original plan.
• Collect plenty of inspiration. Having a visual aid to guide your work usually results in a better finished product than freestyling it.
• Ask for help. DIY doesn’t have to mean actually doing everything yourself. Ask for your friends’ opinions on design options, host a house painting party, and make the most of your community resources.

Our top DIY home renovation tip? Understand which projects should actually be DIYed, and which are better left to professionals.

The post DIY Renovation Tips: What Should You Actually DIY? appeared first on Cardinal Financial.