Monday, December 30, 2019

Why It's Risky To Put Off Your Mortgage Refinance



 


Yes, you could gamble on mortgage rates going lower. But the odds are against you.


Mortgage rates are hovering around 4 percent, almost a whole percentage point lower than they were a year ago. For homeowners who got loans in 2018 or earlier, refinancing now could mean saving hundreds of dollars per month on your mortgage bill. Over the lifetime of your loan, that’s a huge amount you could pocket instead of giving to the bank.


For example, a $300,000 fixed-rate mortgage with a 4.93 percent interest rate costs $1,597 per month. If you were to refinance your loan with a 3.93 percent interest rate, your monthly bill would drop to $1,420. That’s $177 per month in savings or $2,124 per year. Even if it costs you 3 percent of the loan amount to refinance, which is $9,000 for a $300,000 loan, you’ll pay that off in less than five years, giving you more than 20 years in savings on your new loan.


When refinancing makes sense

Many experts recommend refinancing if your current rate is north of 4 percent, and if you can shorten the terms of your loan, even better.


“There are four components to what I call a ‘home run’ refinance: Is the interest rate lower than your current mortgage? Is your payment less? (It might be, but if not, and the loan works for your circumstances, that’s okay, too.) Is your term shorter? Are your closing costs manageable? If you get all four of these, it’s a home run refinance,” says Ilyce Glink, author of “100 Questions Every First-Time Home Buyer Should Ask.”


Refinancing makes sense when you plan on staying in the house long enough to see the savings of the refinance. It’s important to make sure you’re not losing money on a refinance by selling your house before the closing costs of the refinanced loan are recouped.


Because refinances can be costly, somewhere between 2 and 4 percent of the value of your home, crunch the numbers to see when you’ll start saving money. It might take up to six years or more before you’re out of the red and the monthly mortgage savings begin to add up. But if you sell before then, you just made the banks richer without benefiting your bottom line.


“Rates will be somewhat flat throughout 2020. All consumers who have not refinanced and plan to remain in their existing home for five-plus years should assess refinance opportunities,” says John Pataky, executive vice president at TIAA Bank.


What if rates drop in 2020?

Homeowners who try to time the market in order to get the best rate can end up saving a lot of money or kicking themselves for years to come because they missed the boat. Even the most financially astute people among us get the market wrong or fail to see the iceberg beneath the water.


According to the CME’s FedWatch Tool, in mid-December there was a 60 percent probability that the Federal Reserve will lower its target Fed funds rate in 2020. This will likely lead to lower mortgage rates, says Robert Johnson, professor of finance at Heider College of Business, Creighton University. But relying on this speculation, as grounded in probability as it might be, requires someone with a low level of risk aversion, Johnson says.


“Risk-averse investors would likely want to refinance sooner rather than later, as while the consensus of the market is that rates may decline in 2020, they certainly could rise as a result of unforeseen economic developments,” Johnson points out. “Additionally, if rates do fall, they are unlikely to decline substantially. And, behavioral finance shows that people regret losses more than they savor gains. If one refinances and rates move lower, there is likely less psychological pain that if rates rise and people miss their opportunity to refinance.”


Homeowners should consult with a trusted financial adviser to discuss their financial goals before refinancing. It’s important to know exactly what rate you would need to lock in in order to benefit from a refinance.


Source: Why It’s Risky To Put Off Your Mortgage Refinance | Bankrate



Friday, December 27, 2019

Happy holidays! Here are things to do Christmas Eve, Christmas Day across Treasure Coast



 


Here are the best things to do Tuesday and Wednesday in Jensen Beach, Stuart, Fort Pierce, Port St. Lucie and Vero Beach.


If you’re looking for things to do on Christmas Eve and Christmas Day in Martin, St. Lucie and Indian River counties, we’ve got you covered.


Here’s What To Do in 772 on Tuesday and Wednesday.


Drive by or walk around the outside of the decorated 50,000-square-foot Jensen Beach mansion at 4545 N.E. Ocean Blvd., about a half mile north of the Jensen Beach Causeway, on South Hutchinson Island. The lights glow from sunset — about 5:30 p.m. — until about 11 p.m. nightly.Buy Photo

Drive by or walk around the outside of the decorated 50,000-square-foot Jensen Beach mansion at 4545 N.E. Ocean Blvd., about a half mile north of the Jensen Beach Causeway, on South Hutchinson Island. The lights glow from sunset — about 5:30 p.m. — until about 11 p.m. nightly. (Photo: XAVIER MASCAREÑAS/TCPALM)


Martin County

Drive by or walk around the outside of the decorated 50,000-square-foot Jensen Beach mansion at 4545 N.E. Ocean Blvd., about a half mile north of the Jensen Beach Causeway, on South Hutchinson Island. The lights glow from sunset — about 5:30 p.m. — until about 11 p.m. nightly. Drivers should be cautious along State Road A1A as they pass the mansion because cars may be parked on the grass along both sides of the road. Watch for pedestrians crossing Ocean Drive.


More: Jensen Beach mansion gets its glow on nightly for Christmas, holiday season


TREASURE COAST

Top stories for today

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Tourism director for Indian River County Chamber charged with punching Vero Beach police officer


For something simpler and more intimate, visit the Nativity scene in Stuart that’s open around the clock on the southeast corner of Alhambra and Seville streets near Castro’s Interiors, 421 S.E. Monterey Road. The scene could be mistaken for a small, wooden home with a palm frond-thatched roof. Donations to keep it going annually can be given online or in a donation box at the Nativity scene. For more information, go to themangers.org.


More: Martin County’s top stories: Hepatitis A outbreak, massage parlor busts, Stuart Air Show


St. Lucie County

Dazzle your senses at the Holiday Lights Spectacular at Marina Square on Melody Lane near the Fort Pierce City Marina at 1 Avenue A. The light show consists of more than 100,000 lights synchronized to holiday music from 6-9 p.m. nightly. The lights are wrapped around palm trees throughout Marina Square. For more information, call 772-466-3880 or go to mainstreetfortpierce.org.


Stop by the Winter Wonderland Light Show at the Port St. Lucie Community Center, 2195 S.E. Airoso Blvd. It runs 6-9 p.m. nightly. The center is closed Christmas Eve and Christmas Day, but visitors still can enjoy the lights. For more information, call 772-878-2277.


More: Visit the biggest and best holiday and Christmas light displays on the Treasure Coast


Take the kids to Santa’s Wonderland on Tuesday at Bass Pro Shops, 2250 S.W. Gatlin Blvd., Port St. Lucie. Photos with Santa are from 10 a.m. to 5 p.m. Crafts are from 3-5 p.m. For more information, go facebook.com/bassproshopsportstluciefl.


 


Check out homes and businesses across Fort Pierce and Port St. Lucie that entered contests to win best-decorated in their respective cities. To see the Fort Pierce map, go to lovefortpierce.com/selfguidedtour. To see the Port St. Lucie map, go to cityofpsl.com/pslinlights.


More: St. Lucie County’s top stories: Crosstown Parkway Bridge opens, Hurricane Dorian


Indian River County

Watch “The Polar Express” at the Winter KidFest at The Majestic 11, 940 14th Lane, Vero Beach. Showings begin at 11 a.m. both days. Admission for kids is free while adults pay $2 or donate a non-perishable food item. Tickets are available at the box office the day of the show. Seating is first come, first served. For more information, go to cwtheaters.com/vero/kidfest.


More: Christmas at Tara lights up Indian River County for 30 years during holidays


Drive through Christmas at Tara, which features about 500,000 miniature lights and 90 figures across the lawn of the Grall Law Group property, 7555 20th St., west of Vero Beach. It runs 5:30-10 p.m. both days. The drive is about a quarter-mile around a lake in front of the building, and the time depends on the number of vehicles in line. Stay in your vehicles and go around more than once. For more information, call 772-569-000 or go to gralllawgroup.com/firm-profile/christmas-at-tara.


More: Indian River County’s top stories: Vero Beach turns 100, massage parlor busts


Laurie K. Blandford is TCPalm’s entertainment reporter and columnist dedicated to finding the best things to do on the Treasure Coast. Follow her on Twitter at @TCPalmLaurie or Facebook at faceboook.com/TCPalmLaurie.


Source: Happy holidays! Here are things to do Christmas Eve, Christmas Day across Treasure Coast



Thursday, December 26, 2019

55 New Year's Resolution Ideas for 2020



 


Lose weight. Quit social media. Cut out alcohol completely. Blah blah blah snoozefest. These are all good goals, don’t get me wrong. But we set the same New Year’s resolutions every single year and then… never really stick to them. So, for 2020, why not shake things up a bit and try creating resolutions of a different variety?


1. Focus on a Passion, Not the Way You Look

Influencer Mik Zazon, who’s on a mission to “normalize normal bodies,” tells Parade, “… I want to inform readers that resolutions are in fact NOT an invitation to start a diet or a workout plan but a beautiful reminder that a new year can bring new life to our passions.”


 


2. Work out to feel good, not be thinner.

Instead of obsessing over the scale, obsess over how amazing you feel since you started being more active. Numbers don’t mean much.


3. Stop gossiping.

Don’t be that person. Spread positivity.


4. Give one compliment a day.

You never know—it just might make that person feel a whole lot better.


5. Go a whole day without checking your email.

Nobody’s going to die. It can wait until tomorrow.


6. Do Random Acts of Kindness

Norbert, the famous therapy dog, reminds us that anyone can be kind, and it costs you nothing.


“I may be only 3 pounds, but it’s not the size of the dog, it’s the size of the heart that counts. Through social media, I love to bring joy into people’s lives by making them smile with my photos and videos … I think acts of kindness and generosity make the world a better place. We call my community of nearly two million followers worldwide the ‘Norberthood.’ We encourage caring and compassion and believe it is better to be thoughtful and kind than to bully. Let’s spread smiles together! As I say, you don’t have to be big to make a BIG difference in the world.”


7. Read a book a month.

Haven’t you heard? Reading is good for your brain, it can reduce stress, and it can improve your memory and concentration.


8. Go someplace you’ve never been.

Step outside of your comfort zone and do something daring. It’s good for the soul and forces you to learn new things.


Related: 10 Most Popular New Year’s Resolutions (With Apps to Help Achieve Them)


9. Clear out the clutter.

Clutter is literally bad for your health. Research says it stresses you out. Make 2020 the year of organization and cleanliness.


10. Turn off your phone one night a week.

You’re sleeping anyway. You don’t need it!


11. Reduce your waste.

Some research says that the average American produces over 2,000 pounds of trash every year. Gross. Reduce your waste by ditching paper towels in favor of rags you cut up from old towels and clothes. Another easy switch is reusable grocery bags. It makes a difference!


12. Volunteer.

Not only is volunteering good for your own mental and physical health, but you’re doing something kind and selfless for others.


13. Travel on a small budget.

“Traveling on a budget is all about flexibility and being willing to sacrifice a bit of comfort and luxury in favor of seeing the world and the life-changing experiences that travel comes with,” says Eli Solidum, The Partying Traveler. “A lot of people have the idea that travel needs to be luxurious and holidays need to be expensive for them to be fun. My experience over the last three years of budget backpacking says otherwise.”


14. Write down one thing you’re grateful for every night.

End the night with gratitude and you’ll feel better when you lay your head down on your pillow.


15. Drink more water.

You’ve probably heard that your body needs it. 75 percent of us are chronically dehydrated. Drink up!


16. Take some of your paychecks and put it in savings or investment.

Even just a small percentage can really add up down the line. Plan for the future and don’t be silly with your money.


17. Stop multi-tasking.

Multi-tasking can lead to memory problems, it reduces our brains’ grey matter, it hurts productivity and efficiency, and it can even increase stress, anxiety, and depression. Focus on one thing at a time.


18. Talk to yourself with kindness.

We aim to be nice to others but then criticize ourselves relentlessly. Stop! Think nicer things about yourself.


19. Walk to a coworker’s office instead of emailing them.

We sit entirely too much, and the Mayo Clinic says sitting can be as deadly as smoking and obesity. Not good.


20. Don’t buy things you don’t need.

Bad habit. We love to spend money even if it’s for no good reason. Don’t need it? Don’t buy it.


Related: We See You, 2020! Here’s How to Achieve Your Goals for Real This Year (SRSLY)


21. Keep a journal.

The University of Rochester Medical Center says that journaling can help battle anxiety, stress, and depression. Even if you write only a few sentences, you can reap the benefits.


22. Clean out your car.

It’s so easy for it to become trashed, especially if you drive a lot. Spot clean as you go so that your ride is always looking sharp.


23. Put your bills on autopay.

If this won’t put you under any financial stress, do it! It’s one less thing you have to think about and you’ll never pay late fees again. Win-win.


24. Take the stairs.

It’s good for your caboose.


25. Go to the dentist when you’re supposed to.


Your oral health can actually have an impact on things that are happening in other parts of your body, like your heart and lungs.


26. Be kind on social media.

“I think everyone who uses social media should strive to empathize more with strangers and respond to others on the internet with kindness,” says Julia, also known as itsblitzzz. “Don’t let hate or bullying be motivation for interacting on social platforms.”


27. Let go of grudges.

Wouldn’t it be nice to start 2020 with a clean slate? Leave hate behind. Anger is so 2019.


28. Stay in touch with the people who matter.

Even a quick call, text, or email can make a world of difference.


29. Try a totally new restaurant.

Go on. Be adventurous. Get that strange sushi roll or try the Indian restaurant that just opened up down the street.


30. Join a club or Meetup.

Make new friends. See new people. Do new stuff. Let yourself blossom in 2020.


31. Travel somewhere without posting about it on social media.

“No status updates, no photos… just go on vacation and not tell anyone,” says travel writer Reannon Muth. “That might seem silly but in a world where ‘it didn’t happen unless you post it about it on Instagram,’ it can be a challenge to resist the temptation to post that sunset beach photo or poolside cocktail selfie.”


32. Bring a plant into your home.

They might help reduce your stress and improve your productivity.


33. Sanitize your personal belongings.

Cell phones might be the dirtiest things we touch all day, with 25,127 bacteria per square inch. Nasty.


34. Start one new hobby.

Bonus points if it’s something you feel like you’re not good at.


35. Buy less plastic.

It’s polluting our oceans, destroying the earth, and hurting animals. Be more aware of what you’re buying.


36. Send handwritten letters.

Nobody does this anymore, and it’s such a thoughtful, genuine gesture. Make somebody’s day!


Related: Get Organized in the New Year with These 50+ Best Planners for 2020


37. Donate clothes you never wear.

We tend to hang onto stuff “just in case.” If you haven’t worn it in a year, give someone else the chance to.


38. Pay off your credit card every month.

And if something is so expensive, you think that you won’t be able to? Don’t buy it.


39. Avoid people who complain a lot.

It doesn’t matter how positive a person you are. Negativity spreads, and it will impact you. And on a similar note…


40. Remove negativity or anything that makes you feel lousy.

Even things like super sad movies or news sources that just upset you.


41. Travel somewhere with no map.

“I’d also recommend going on a road trip without using Apple or Google maps. No GPS. Just start driving and see where it takes you,” says Muth. “You’ll never know what sort of fun and exciting adventure you’ll end up on as a result.”


42. Wear sunscreen.

The sun can do damage even when you’re driving in the car. Make SPF your new best friend.


43. Cook more.

It’s therapeutic, and you’ll probably end up with something pretty darn delicious.


44. Get a Real Haircut

Some of us are so attached to our hair — literally and figuratively. Chop off a few inches. You might feel like a new person.


45. Do Something That Scares You

Whether it’s skydiving or even just singing karaoke at a crowded bar, in 2020, practice a little bravery.


46. Make Your Bed Every Morning

Making your bed helps you accomplish something first thing in the morning and thus starts your day with success.


47. Stay on Top of Your Inbox

Is the number of unread messages creeping up on you? Stay on top of it and aim to clear your inbox out throughout the week.


Related: Motivational and Inspirational Quotes


48. Try Guided Meditation

Meditation offers a whole host of science-based benefits, including reduced stress and anxiety and improved memory and attention span. Try an app like Headspace.


49. Stretch It Out

We spend so much time sitting and staring at our phones, all hunched over. Loosen up those tight muscles with even just five minutes of stretching each day.


50. Craft Something Yourself

Even if you’re not the most artsy, DIY-type of person, the satisfaction you get from making something with your own hands is undeniable. It can be as small as a candle or as big as a coffee table.


51. Go to Bed Happy Each Night

“Never go to bed angry.” It’s a cliche, but it’s true. Aim to start and end each day with happiness and gratitude.


52. Spot Clean as You Go

Overwhelmed by a filthy house you have to clean from top to bottom each weekend? Simple solution: Clean as you go. Wash dirty dishes after each meal and wipe down toilets and countertops throughout the week. Easy peasy.


53. Pay it Forward

Did someone do something nice for you recently? 2020 is a great time to do something nice for another. Maybe you’ll pay for someone’s coffee in the Starbucks drive-thru or buy a meal for a homeless person. Receive good things, and spread them, too.


54. Talk Less, Listen More

Good things happen and you learn and notice so much when you spend more time listening.


55. Whatever Your Goals Are, Write Them Down

People who write down their goals are 42 percent more likely to achieve them. Whatever you want in 2020, commit it to paper.


Source: Let’s Kick off the New Decade Right—Here Are 55 New Year’s Resolution Ideas for 2020



Friday, December 20, 2019

Holiday Concert, Cowboy Christmas, Hanukkah Festival top events, things to do this weekend



 


Here are the best events and things to do this weekend in Fort Pierce, Port St. Lucie, Vero Beach, Sebastian, Jensen Beach and Stuart.


St. Lucie County

The eighth annual Sounds of the Season Holiday Concert starts at 7 p.m. Friday at the Sunrise Theatre, 117 S. Second St., Fort Pierce. Songs of the season are performed by programs funded by the Children’s Services Council, including the Boys & Girls Club, Future Generations, PACE Center for Girls, YMCA and END IT. Tickets are free, but attendees are encouraged to bring books to be donated to the St. Lucie Reads initiative. Tickets can be picked up at the theater’s box office. For more information, go to cscslc.org.


More: Visit the biggest and best holiday and Christmas light displays on the Treasure Coast


Pancakes with Santa is 10-11:30 a.m. Friday at the Port St. Lucie Community Center, 2195 S.E. Airoso Blvd. Last year, Harriet Clark, 2, along with her parents, Michael Clark (right) and Kate Clark (not pictured), took a photo with Santa.Buy Photo

Pancakes with Santa is 10-11:30 a.m. Friday at the Port St. Lucie Community Center, 2195 S.E. Airoso Blvd. Last year, Harriet Clark, 2, along with her parents, Michael Clark (right) and Kate Clark (not pictured), took a photo with Santa. (Photo: LEAH VOSS/TCPALM)


Pancakes with Santa is 10-11:30 a.m. Friday at the Port St. Lucie Community Center, 2195 S.E. Airoso Blvd. Kids get their photos with Santa and then enjoy holiday treats. The event is for ages 2-8. The cost is $7.50 per child. For more information, call 772-878-2277.


Sister Hazel’s Ken Block & Drew Copeland are playing an intimate acoustic concert with local opener Will Goulet from 5:30-8:30 p.m. Friday at Summer Crush Vineyard & Winery, 4200 Johnston Road, north of Fort Pierce. The band’s most popular songs include “All for You,” “Change Your Mind,” “Happy,” and “Champagne High.” Food trucks have dinner for sale until 7 p.m. General admission tickets are $32 in advance and $35 at the show. On Saturday, A Naughty or Nice Doo Wop Christmas Party is 1-4 p.m. and A Jimmy Buffet Christmas Party is 6-9 p.m. Tickets for the Jimmy Buffet party are $15 in advance and $20 at the event. On Sunday, A Rockin’ Christmas with The Jacks is 1-5 p.m. For more information, go to summercrushwine.com.


TREASURE COAST

Top stories for today

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Record-breaking rainfall reported in Vero Beach, Fort Pierce with more on the way


The Golden Ponds Christmas Drive-Thru is 6-8 p.m. Saturday at 10001 W. Angle Road, west of Interstate 95, north of Fort Pierce. It features 5,000 luminaries, holiday music and Santa Claus. Food donations are accepted for Mustard Seed Ministries. The event is rain or shine.


The 12 Pubs of Christmas Holiday Crawl & Toy Drive starts at 4 p.m. Saturday and travels throughout Fort Pierce. Book a spot on a bus and enjoy a scavenger hunt, holiday trivia, a photo booth, caroling, prizes, giveaways and discounted drinks at the following: St. Lucie Draft House, The Gin Mill, Boozgeois Saloon, 2nd Street Bistro, Sailfish Brewing Company, Cobb’s Landing, Tipsy Tiki, Crocadillo’s, Manatee Island, Square Grouper, The Jetty Lounge, Rhumcay and The Braford. Tickets are $35. Ages 21 and older only. For more information, go to facebook.com/santalovesthekids.


Santa Paws & Pints is 1-6 p.m. Sunday at Hop Life Brewing Company, 679 N.W. Enterprise Drive, Unit 101, Port St. Lucie. It includes raffles, complimentary pet treats, DJ music and a food truck. Pet photos with Santa are $15. Proceeds benefit Operation CatSnip. Bring new pet toys and treats for the Humane Society of St. Lucie County. For more information, go to facebook.com/hoplifebrewingcompany.


The sixth annual Winter Solstice Drum Circle is 7-9 p.m. Sunday at Savannas Preserve State Park, 2541 S.E. Walton Road, Port St. Lucie. Celebrate the longest night of the year with local drumming enthusiasts. Bring your own drums to join in the rhythm. Cost is $5 per person, but children younger than 12 get in free. For more information, go to facebook.com/friendsofsavannas.


The Santa Paws & Pints is 1-6 p.m. Sunday at Hop Life Brewing Company, 679 N.W. Enterprise Drive, Unit 101, Port St. Lucie.Buy Photo

The Santa Paws & Pints is 1-6 p.m. Sunday at Hop Life Brewing Company, 679 N.W. Enterprise Drive, Unit 101, Port St. Lucie. (Photo: LEAH VOSS/TCPALM)


Indian River County

Winter KidFest with “The Polar Express” movie kicks off at 11 a.m. Friday at The Majestic 11, 940 14th Lane, Vero Beach. Showings continue at 11 a.m. daily through Tuesday. Admission for kids is free while adults pay $2 or donate a non-perishable food item. Tickets are available at the box office the day of the show. Seating is first come, first served. For more information, go to cwtheaters.com/vero/kidfest.


More: Christmas at Tara lights up Indian River County for 30 years during holidays


The Sebastian Police Department’s Family Movie Night is 6-8 p.m. Friday at Riverview Park, 600 U.S. 1. Kids can enjoy watching “The Muppet Christmas Carol” on a big screen set up in the grass. Bring blankets and chairs. It also includes free hot chocolate and popcorn. For more information, go to facebook.com/sebastianpolicedepartment.


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The second annual First Responder Lip Sync Battle is 7-9 p.m. Friday near Macy’s in the Indian River Mall, 6200 20th St., Vero Beach. Cheer on first responders of Indian River County as they show their best lip syncing and Christmas dance moves to win a trophy. For more information, go to facebook.com/oceansunite.


The Cowboy Christmas is 4-8 p.m. Saturday at LaPorte Farms, 7700 129th St., Sebastian. It features a winter wonderland with more than 100,000 twinkling lights, mechanical bull rides, Italian ice, pony rides, a Home Depot workshop, letters to Santa, hayrides, face painting, food and Santa arriving on horseback at 6 p.m. Admission is a $1 donation. For more information, go to laportefarms.com.


The Drum Circle at Pareidolia Brewing Company is 6-7:30 p.m. Saturday at 712 Cleveland St., Sebastian. The Drum Circle at Walking Tree Brewery is 3-4 p.m. Sunday at 3209 Dodger Road, Vero Beach. For more information, go to facebook.com/treasurecoastpercussion.


The third annual Run Run Santa 1 Mile in Vero Beach is 7:30-9 a.m. Sunday at Pocahontas Park, 2199 14th Ave.Buy Photo

The third annual Run Run Santa 1 Mile in Vero Beach is 7:30-9 a.m. Sunday at Pocahontas Park, 2199 14th Ave. (Photo: SAM WOLFE/SPECIAL TO TCPALM)


The third annual Run Run Santa 1 Mile in Vero Beach is 7:30-9 a.m. Sunday at Pocahontas Park, 2199 14th Ave. Participants race, run and walk in Florida-style Santa suits they received as part of their $40 registration. Proceeds benefit Indian River Healthy Start Coalition’s Babies & Beyond. For more information, go to runrunsanta.com.


Martin County

The Nativity scene in Stuart is open around the clock until Jan 8 on the southeast corner of Alhambra and Seville streets near Castro’s Interiors, 421 S.E. Monterey Road. The scene, which could be mistaken for a small, wooden home with a palm frond-thatched roof, is simple and intimate. Donations to keep it going annually can be given online or in a donation box at the Nativity scene. For more information, go to themangers.org.


More: Stuart Nativity scene rebuilt for Christmas after destroyed by fire last New Year’s Eve


The Nativity scene in Stuart is open around the clock until Jan 8 on the southeast corner of Alhambra and Seville streets near Castro’s Interiors, 421 S.E. Monterey Road.Buy Photo

The Nativity scene in Stuart is open around the clock until Jan 8 on the southeast corner of Alhambra and Seville streets near Castro’s Interiors, 421 S.E. Monterey Road. (Photo: HOBIE HILER/SPECIAL TO TCPALM)


The Food Truck and Movie Night at Indian RiverSide Park is 5:30-9 p.m. Friday at 1707 N.E. Indian River Drive, Jensen Beach. Enjoy food trucks and the featured movie, “The Grinch” from 2018, starting at 7 p.m. on a 20-foot screen. Bring blankets and chairs. For more information, go to martin.fl.us/prdevents.


More: Jensen Beach mansion gets its glow on nightly for Christmas, holiday season


The third annual Naughty or Nice Holiday Bash starts at 9 p.m. Friday at The Stillery, 2196 S.E. Ocean Blvd., Stuart. The first 100 people get a Santa hat. Drinks are free from 9-11 p.m. DJ music lasts until 2 a.m. Ages 21 and older only. For more information, go to facebook.com/thestillerybar.


The Santa & Snow Holiday Celebration is 9-11 a.m. Saturday in the Patrick Stracuzzi Team’s plaza, 2895 S.E. Ocean Blvd., Stuart. It features 6 tons of snow, bike raffles, visits with Santa, toys for children, hot chocolate and snacks. Bring unwrapped toys for Toys for Tots. For more information, go to facebook.com/thestracuzziteam.


The Caribbean Christmas on Colorado Avenue starts at 4:30 p.m. Saturday at NOTES Music Room & Social House, 872 S. Colorado Ave., Stuart. Enjoy tropical music, drinks starting at $5 and free coconut cookies. The first 10 people get free leis. For more information, go to facebook.com/stuartwinebar.


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The Community Chanukah Festival is 3:15-5 p.m. Sunday at Memorial Park, 300 S.E. Ocean Blvd., Stuart. It features an aerial acrobatic performance, an emoji menorah lighting, crafts, kosher falafel, latkes, cookie decorating, a bounce house and a petting zoo. For more information, call 772-288-0606 or go to facebook.com/chabadmsl.


Laurie K. Blandford is TCPalm’s entertainment reporter and columnist dedicated to finding the best things to do on the Treasure Coast. Follow her on Twitter at @TCPalmLaurie or Facebook at faceboook.com/TCPalmLaurie.


Source: Holiday Concert, Cowboy Christmas, Hanukkah Festival top events, things to do this weekend



Wednesday, December 18, 2019

4 Things To Do Now If You Want to Buy a Home in 2020



 


Buying a home may test your patience and may occasionally have you questioning whether you’ve made a terrible mistake. It’s a challenging process where you may find your efforts derailed by things beyond your control — like someone outbidding you for a home you like, or running into problems you have never faced before.


Those challenges and frustrations are real and you can’t eliminate them entirely. What you can do is get your finances in order and take these steps to make yourself the best possible buyer — someone that a seller would pick ahead of other similar (or even higher) offers.


1. Know your finances

For most people, buying a home means taking out a mortgage. Mortgage lenders will want to know if you can afford to pay back the loan, and to find that out, they will dig deeply into your finances. In a broad sense, lenders will want to know your income (for at least the past two years), your level of debt, and your credit score. They will also want to know how much money you have for a down payment (and, in some cases, where that money came from).


It’s important for you to understand your own financial picture before anyone else asks. Most lenders will, for example, roughly follow the 28/36 rule to decide how big of a mortgage you will be approved for. That means that lenders will see if your housing payment will be 28% or less of your gross monthly income while your total debt will come in at under 36% of your gross income.


That’s not a hard-and-fast rule. It is, however, a good guideline to understanding how much home you can actually afford.


2. Get your credit in order

You can’t change your income history quickly. Getting a raise or making more money may help change how a lender sees you, but it won’t alter the fact that mortgage companies examine your income history, You can, however, improve your credit score, and doing that will make you a more attractive candidate.


Much of your credit score is based on your patterns and history. About a third of your credit score is determined by your credit utilization. Basically, banks and other lenders want you to have as much available credit as possible. If they see you’re using more than 30% of your available credit, then they may view you as a risk.


Ideally, you will have no balances on any credit cards and will have significant credit available to you. There’s no exact formula for how much to have, but if you have limited credit, it may be worth opening a new line. The benefits of doing so will likely exceed the small hit your score will take when a credit card company checks your credit report. (Your mortgage broker or representative can probably help figure out the impact of opening a new line, paying down existing ones, or whether you should stand pat.)


3. Get a mortgage pre-approval

A mortgage pre-approval means very little but it shows sellers that you have done some work. It’s a document where a lender essentially says that it has taken a (quick) look at your finances and believes that you will likely meet its qualification for a mortgage.


This isn’t a binding document. The lender isn’t making you a commitment and you’re not committing to using that lender. What a mortgage pre-approval can be is an assurance to a seller that you’re probably going to be approved for a loan and that you understand the process well enough to put some work in before making an offer. That may be enough for your bid to be selected when there are multiple offers on the table.


4. Have your documents ready

Getting a mortgage requires filling out an application and having a lot of supporting documents. These generally include (but are not limited to) the following:


Two pay stubs covering at least one month of income (the most recent pay stubs are best)

Two years of bank account records

Two years of your taxes

Documentation on any gifts from family members toward a down payment (to show that it’s not a loan)

Records of any other financial holdings

Proof of any alimony or child support payments (made or received)

A lender may ask for more documentation than this, but it’s a good start. Having your documents in order just makes it easier when the time comes to actually apply.


Take it slow

Taken individually, applying for a mortgage looks like it requires a lot of steps. Don’t look at how tall the mountain is. Instead, focus on putting one foot in front of the other and getting there slowly.


There will almost certainly be bumps and course corrections along the way. Expect that the road won’t be perfectly smooth, but know that being proactive will make the process easier and help you handle any problems in a timely fashion.


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Source: 4 Things To Do Now If You Want to Buy a Home in 2020



Tuesday, December 17, 2019

12 Do’s and Don’ts when recycling for a greener holiday season.



 


PORT ST. LUCIE – Trash cans routinely overflow during the holiday season with boxes, catalogs, and newspapers stuffed with advertisements. The City of Port St. Lucie is challenging residents to recycle and help divert tons of valuable recycling items away from the landfill. On average, the City generates more than 25 percent more trash than normal between Thanksgiving and the New Year. Much of the extra waste generated during the holiday season is easily recycled. This includes cardboard boxes, gift boxes, wrapping paper, cards, junk mail, magazines, and catalogs.


From presents to parties, there is a wealth of materials that can be recycled. Residents can help make the process more efficient by ensuring that they are putting the correct items into the correct bins. While most items may be reusable materials, some items are not accepted. Here are 12 tips to recycle properly:


Gift wrapping materials

· Do’s -Residents can recycle paper gift wrapping, tissue paper, and greeting cards.

· Don’ts – Bows, glitter, ribbons, cellophane and foil gift wrapping is not recyclable, especially those items with wire mesh.


Product packaging

· Do’s – Gift boxes, wrapping paper, and paper packaging can be recycled with their regular paper and cardboard recycling. Residents need to remove tape, ribbons and other decorations prior to tossing the items into their recycling container.

· Don’ts – Puffy (air pillow) mailing envelopes, Styrofoam, and bubble wrap is household waste.


Decorations

· Do’s – Pack up holiday decorations for reuse next year.

· Don’ts – Ornaments, garland, tinsel or strings of lights are considered household waste. Plastic ornaments covered with glitter would negatively impact the recycling process as well. Damaged light bulbs are also not recyclable.


Christmas trees

· Do’s – Recycle your Christmas tree and place it curbside with your yard waste. Make sure the tree is completely cleared of lights, tinsel, ornaments, and tree stands.

· Don’ts – Plastic bags are not recyclable. Don’t put your Christmas tree in a plastic bag. By putting your tree in a plastic bag, you are creating one extra step in the process of recycling. The tree gets mulched rather than disposed of at the landfill.


Going Green

· Do’s – Empty and scrape out the food or materials from all bottles, jars, containers, and cans before putting it in the recycling bin. If it’s not possible to remove all the food debris such as peanut butter, it’s better to throw it away in the trash rather than contaminating the recycling stream.

· Don’ts – Loose plastic grocery or department store bags, or plastic film gets jammed in the recycle processing equipment and requires a different collection system. Most grocery chains provide collection bins for these plastic bags and wraps.


Holiday Cooking

· Do’s – Foil baking cookware, pie plates, and cookie sheets can be recycled. Please rinse off small bits of food, like cookie crumbs and fruit or vegetable juice before putting it in the bin.

· Don’ts – Wax paper, butcher paper, milk, and eggnog cartons, and biscuit dough tubes are not recyclable due to a waxy coating on the paperboard.


The City’s robust recycling program generates revenue for the Neighborhood Improvement and Community Engagement (NICE) program for neighborhood improvements.


 


The City of Port St. Lucie is proud to be a hometown where people live, learn, work and play, and celebrate all of life’s opportunities. With over 195,000 residents, Port St. Lucie is Florida’s seventh largest city by population (South Florida’s 3rd largest city). The City occupies an area of 120 square miles in St. Lucie County on Florida’s east coast, about 50 miles north of West Palm Beach, half way between Miami and Orlando. The City provides most traditional municipal services including law enforcement, water and sewer, and public works. For more information, please visit: www.cityofpsl.com


 


 


Your City News. https://www.cityofpsl.com/government/departments/communications/news-center



Thursday, December 12, 2019

Is now a good time to buy a house? Economists say yes as the Federal Reserve holds interest rates steady



 


The Federal Reserve signaled it won’t raise interest rates for the time being, a potential boon for first-time homebuyers in 2020.


The Federal Reserve signaled it won’t raise interest rates for the time being, a potential boon for first-time homebuyers.


One reason: The low-rate environment increases consumers’ purchasing power. Many prospective homebuyers could afford a more expensive home than they might have thought.


Low rates and a strong job market have helped entice homebuyers, even as concerns grow about a slowdown in economic growth. About 8.3 million to 9.2 million first-time homebuyers are projected to become homebuyers from 2020 to 2022, according to credit bureau TransUnion. That’s up from 7.6 million from 2016 to 2018.


Millennials have been the driving source of first-time homebuyer demand in recent years. As the bulk of that generation enters their 30s next year and more of them get married and have children, they are expected to continue to boost demand, economists said.


“Low rates are increasing buying power, a great beneficial trend for potential first-time homebuyers, like millennials,” said Mark Fleming, chief economist at First American Financial, a real estate title insurance company.


The history of the U.S. housing market has been one marked by periods of rampant building and of lulls, even as the population has expanded relatively steadily.

Consensus estimates suggest that mortgage rates will hover around current levels next year, Fleming said. The 30-year fixed-rate mortgage averaged 3.68% during the week ending Dec. 5, unchanged from the prior week, Freddie Mac said Thursday. That’s down from 4.75% a year ago.


Still, it’s a tough housing market for first-time buyers. They face limited supply. Low rates boosted demand among buyers, but supply has fallen as homeowners have fewer incentives to move. Many consumers locked in lower rates in the wake of the financial crisis when borrowing costs were even cheaper.


The supply and demand imbalance has pushed home values higher. U.S. home prices rose 3.2% in September, up from a 3.1% gain in August, according to the S&P CoreLogic Case-Shiller National Home Price Index.


Increased competition for homes will probably continue to weigh on the market next year, experts said. As home prices rise, buying now would probably save more money rather than waiting.


“Where rates are and where housing prices are, it’s a great time to buy,” said Mat Ishbia, president and chief executive at United Wholesale Mortgage.


Prospective homeowners should do their research and make sure they’re not purchasing in an overheated market, economists cautioned.


The Sun Belt, which has typically been a more affordable region when compared with pricier cities in the East or West, led annual gains in September, according to the S&P CoreLogic Case-Shiller 20-City Composite Index. In September, Phoenix led the way with a 6% price increase from a year earlier, followed by Charlotte, North Carolina, and Tampa, Florida, which rose 4.6% and 4.5%, respectively.


Source: Is now a good time to buy a house? Economists say yes as the Federal Reserve holds interest rates steady



Wednesday, December 11, 2019

Mortgage myths you probably believe!



By Charity Ohlund, Director of Business Development The mortgage industry isn’t exactly known for being easy to understand.


Let’s break some of those myths down for you.


Myth #1: A homebuyer must put 20 percent down


While 20 percent is beneficial as it allows you to avoid having to pay mortgage insurance, it’s not required. In fact, most down payments on home purchases average between 5 and 10 percent. FHA and VA loans allow buyers to put down just 3 percent.


Depending on your credit score, mortgage insurance can be inexpensive. Mortgage insurance exists for a reason; to allow buyers to put down smaller down payments. The tradeoff of waiting until you have saved 20 percent to make a purchase probably isn’t worth it as that time delay could cause you to miss the low-interest-rate boat.


Myth #2: You need a super awesome credit score to qualify for a mortgage


A super awesome credit score is super awesome, but it’s not needed. Conforming loans allow for scores all the way down to 620 and government loans (FHA, VA and USDA) allow scores to be as low as 580, and in some cases, lower. Yes, it’s true that a lower score generally means higher rates, but the incremental increase is much less than you’d think, as long as you are working with a reputable mortgage company. Unfortunately, there are places that take advantage of lower-score borrowers, so make sure you are working with the right person or company.


Myth #3: Renting is cheaper than owning


The percentage of income needed to afford the median rent is 30 percent compared to 20 percent of income needed to afford owning a median home. That’s significant. We’ve posted before about rising rent costs and how rent payments would otherwise correspond to home buying power. It’s true that renting saves money on home repairs. But even when repairs are taken into account, owning is still cheaper than renting. Plus, many repairs can be covered by home warranties that home buyers purchase and renew each year.


Myth #4: Student loans have killed The American Dream


The skyrocketing amount of student loan debt is no myth. But we’ve talked to dozens of borrowers who initially thought that the mere fact that they had student loan debt would prevent them from qualifying for a home loan. In recent years, lending guidelines have changed how we look at student debt. Instead of counting the entire balance of the student loan in the “debt” category, guidelines now allow lenders to count the minimum monthly payment amount or 1 percent of the full loan balance. For example, your debt-to-income ratio (DTI) is calculated by taking your minimum monthly payments on car loans, credit cards, real estate loans, and student loans and dividing it by your gross monthly income (before taxes or benefits are deducted).


You’d be surprised at how much clarity you can find (and how much time and money you can save) when you talk to the right loan professional. The amount of fake mortgage news is enormous. However, making a 20-minute call to a local expert is a powerful way to learn more about your situation. Connect with our team at Fountain Mortgage to set up a free consultation.


Source: Your Mortgage: Debunked – mortgage myths you probably believe



Tuesday, December 10, 2019

Monday, December 9, 2019

3 housing trends to watch for in 2020



 


The year 2020 is now upon us, and as we say goodbye to 2019, we welcome a new decade and all the twists and turns it will bring for the housing industry.


For starters, I fully expect the trends that began in 2019 will continue into the new year and even grow stronger as education and competition increase and the need for technology and adaptation grows.


1. Mergers and acquisitions will grow


As I previously mentioned, 2019 was a great year for housing despite forecasts and worries that high-interest rates would keep lenders from earning a profit.


While they may have struggled a bit in the first half of the year, a recent report from the Mortgage Bankers Association showed that in the third quarter of 2019 lenders made the highest profit per loan they’ve seen since 2016.


Independent mortgage banks and mortgage subsidiaries of chartered banks reported a profit of $1,675 on each loan they originated in the second quarter.


This is up significantly from a profit of just $285 per loan in the first quarter and marks the highest profit since the third quarter of 2016 when profits hit $1,773 per loan.


But despite this increase in profits, lenders will still struggle amid increased competition in 2020, leading to an increase in mergers and acquisition activity.


The period we’re in right now is truly historic for rates. At the end of its September meeting, the Federal Reserve cut interest rates for the second time in 2019, bringing the benchmark rate to a range of 1.75% to 2%. And the Fed is still expected to cut rates once more in 2019 at the December meeting.


Yet despite these low rates, I still see many lenders that are struggling to sustain profitability. We are likely to swing violently back into the red with any meaningful slowdown in rates, home purchases or both.


And Fannie Mae predicts a slowdown is on the horizon. U.S. economic growth will probably slow to 1.3% by 2020’s final quarter from 1.9% in the current period, Fannie Mae said in a forecast.


If this forecast is correct, then that would be the weakest economy since 2013, according to data from the Bureau of Economic Analysis.


This will continue the surge in M&A activity that has been picking up over the last few years.


The big will get bigger and the people who are able to adapt will be the only ones left.


There are simply not enough buyers to compete for in the market, and the number of buyers will only decrease as the economy slows.


Large companies will continue to adapt to the changing environment and use their resources to acquire and merge with smaller companies that can’t keep up.


Back in 2017, the MBA predicted that uncertainty in the future of mortgage finance would continue to drive m&a activity over the next couple of years. Now, as we move into 2020, M&A activity still looks no closer to slowing down, and lenders should prepare themselves for a host of new mergers and acquisitions in the year to come.


2. Broker expansion


Mortgage brokers are expanding and will continue to expand in 2020. The bottom line is, at the end of the day economics will win.


In the current environment, brokers have better execution for the borrower in the current environment. Third-party originators are able to give more borrowers what they want and need than other channels in any environment that isn’t a historical outlier.


One advantage of the broker channel includes price differentiation: brokers are able to get a better price for borrowers as they can shop around rather than just offer the products from one mortgage lender. This highly evident when we see the same company participating in multiple channels, but vastly better pricing for customers coming through a broker.


Brokers will continue to pick up market share and spread education among borrowers on the benefits of using a broker. And a large number of loan officers will continue to make the migration from distributed retail and the broker channel will grow proportionately alongside it.


3. Fintech to increase


Mortgage lenders will continue to improve their technology. Increasingly, mortgage lenders are arguing that we are in an adapt or die environment. In fact, the reason for some M&A activity is the inability of some lenders to keep up with the ever-changing regulations and technological requirements.


In 2020, finance technology will make more meaningful inroads into the process and model.


And while some of these advancements might be good, others could create negative consequences, such as making the market less competitive as the fintech giants jump ahead of the rest and creating less of a need for the more clerical based mortgage jobs.


Of course, while more basic, data entry type jobs could be eliminated, it will be replaced by higher-skilled jobs and positions that require higher levels of human interaction.


More lenders will begin to integrate tech into their mortgage process in order to lower costs and streamline the borrower experience. Some of the largest fintech companies will even continue to expand their reach into how much of the process they control.


Companies such as Zillow, Quicken Loans, Opendoor, Redfin and many others companies are expanding their reach by offering real estate and lending based products.


The iBuyer experience, where a company instantly buys a seller’s home, fixes it up, then sells it themselves, continues to grow in popularity as more and more companies continue to launch their own iBuying programs.


The goal seems to be to become the next one-stop-shop for all your housing needs. And 2020 could bring them one step closer to that goal.


Source: 3 housing trends to watch for in 2020 – HousingWire



Wednesday, December 4, 2019

Tuesday, December 3, 2019

Five Mistakes that Kill Your Home's Value



 


1. Ignoring Curb Appeal

You shouldn’t host an open house or snap your listing photos before addressing your landscape. If your yard doesn’t cut it, buyers may reject your property from their cars or from behind their screens. And a recent Zillow survey found that curb appeal is one of the top five factors in resale.


Fix it to list it: “To get maximum curb appeal for minimum effort,” Shugrue advises, “you need to maintain the yard, get colorful flowers and put them in nice pots, mow the lawn and handle any brown spots.” These are easy and affordable tasks, whether you hire an expert or do it yourself. You could also add beds, borders and shrubs – the most important elements of a front yard, according to the Houzz 2018 Landscaping Survey.


To get an idea the budget you’ll need, check out our expert-informed look at Tips for Landscaping Your Lawn on a Budget.


2. Avoiding Bathroom Problems

An outdated bathroom is a big faux-pas, but it’s bathtubs and the number of bathrooms that have the most influence right now. Realtor.com reports that 75 percent of buyers want and expect homes with two bathrooms or more. This leaves one-bathroom homes with a limited buyer pool.


And where tubs have been nixed for showers, the pool is further limited. “People tend to want at least one bathtub,” Shugrue says. “It’s not just about being able to relax: What about children? Have you tried to shower a baby? Bathtubs help resale a lot.”


Fix it to list it: A new bathtub itself costs $300 to $3,000, depending on the material. And professional installation adds $500 to $1,600. To add a new bathroom or update an existent one, you should consult with a bathroom remodeling expert. Remodeling projects can be difficult for homeowners to navigate on their own, and there are many ways they can go wrong without expert help.


3. Echoing Another Era

You may think your old-fashioned home has character, but buyers may see that character as a future expense. “Old features are terribly unappealing,” Shugrue warns. “In our competitive market nationwide, buyers are coming up with more money than they might’ve wanted to, and they don’t want to sink money into a home. They want to move right in.”


Features to update include: outdated and busy wallpaper, popcorn ceilings, all-over carpet, wood paneling and flooring with old-school patterns. “If you can remove wallpaper before you sell your home, please do,” Shugrue says. “You’ll make thousands more.”


Fix it to list it: You can try removing wallpaper or popcorn ceilings yourself, but both are messy and time-consuming. And your popcorn ceiling may contain asbestos. Expert popcorn ceiling removal costs $1 to $3 per square foot and wallpaper removal costs 55 cents to $1.50 per square foot.


4. Masking Dirty Truths

Two aspects of your home that are practically invisible but greatly influential are pests and odors. “Odors can ruin a home showing immediately,” Shugrue says. “It’s hard to imagine moving into your dream home that smells of dog or cat. The worst smell for most buyers is smoke. It gets in the drywall and carpets and can be really hard to remove.”


And if you have pests, federal law requires full disclosure to potential buyers. It’s worth your time to handle the infestation before resale.


Fix it to list it: For pests: “Consult with a pest remediation company and handle the problems first,” Shugrue suggests. And get rid of embedded odors with professional services like carpet cleaning or house cleaning.


5. Leaving a To-do List

Leaving repairs and cosmetic work to buyers can be a big mistake. “Most buyers want a move-in ready home, even in our fast-paced market,” says Bret Shugrue, Licensed Agent and Marketing Director at Bogar Pilkington Group with Keller Williams in Englewood, Colo. “If you touch up the paint, clean thoroughly, and get rid of stained or smelly carpets, you’ll make thousands more for hundreds of dollars and some work.”


Look at your property through the eyes of a home inspector: Damaged tile, beat-up cabinets, stained sinks and leaks won’t pass. And they’ll hurt your resale value.


Fix it to list it: Handymen can help with many home maintenance tasks, small plumbing jobs and touch-ups, and most charge between $50 and $100 per hour.


Source: Five Mistakes that Kill Your Home’s Value



Monday, December 2, 2019

City of PSL: December Events



The Events Calendar shows all City-sponsored special events.


https://www.cityofpsl.com/government/events-calendar