Chris Nooney

The Nooney Team

  • Home
  • About
    • About Chris
    • Privacy Policy
  • Blog
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
  • Apply
  • Free Consultation
  • Contact
  • Home
  • About
    • About Chris
    • Privacy Policy
  • Blog
  • Resources
    • First Time Home Buyer Tips
    • First Time Home Seller Tips
    • Closing Costs
    • Home Appraisal
    • Home Inspection
    • Loan Checklist
    • Loan Process
    • Loan Programs
    • Mortgage FAQ
    • Mortgage Glossary
  • Apply
  • Free Consultation
  • Contact

Chris Nooney April 11, 2014

Green Living: Water Saving Tips For Spring

Green Living: Water Saving Tips for SpringWater is the planet’s most precious resource. Access to clean water is a privilege that, unfortunately, many people still take for granted.

By utilizing new water efficiency technologies and age-old conservation methods, we can help preserve the water supply for future generations. Cutting down on consumption whenever possible is something that everyone can do to live a little greener.

Making Sure Your Home Holds Water

The first stop on your journey to save water is to ensure your home is free of water leaks. Make your way through your home, and properly shut off the water at all fixtures and faucets. Air-cooling systems and other devices that use water should also be shut of.

Read your water meter, wait two hours (without using any water), and check it again. If your water meter gives you two different readings, you are losing water somewhere, and the problem needs farther investigating.

If you find yourself flooded with problems, it may be time to call your local real estate professional. Most issues are easily repaired or upgraded, but sometimes a fresh efficient start may be a simpler solution.

Air It Out And Get In the Flow

Installing aerators on faucets and shower heads reduce their usage by half. These contraptions are inexpensive and easy to install. By injecting air into the water flow, you keep the same water pressure, but use less water.

If you are in the market for a new toilet, complete your water saving bathroom makeover with a low flow, water efficient model. These toilets can save about 9,000 gallons of water a year.

If a new toilet is not in your near future, a simple homemade contraption can cut down on water being flushed away. Fill a water bottle with some pebbles so it sinks, and fill the rest with water. Place the bottle in the cistern of your toilet. By displacing some of the water in the tank, you can save around 500 gallons of water a year.

Obtain A Lush Lawn With Less Water

Over-watering your grass is wasteful and counterproductive. Watering your lawn two times a week is better for grass than daily sprinklings. Giving your lawn a good soaking with an inch of water every few days will keep it lush and save water. You should also avoid over-mowing.

Grass is happiest at two to three inches tall. Over-mowed grass tends to have weak roots, and requires more water to keep it growing strong. Let Mother Nature take care of the watering on occasion, especially during the spring.

Mulch Landscape To Lock In Moisture

Mulch around the trees and shrubs in your yard. Mulch holds in moisture, and will keep the water in the ground longer. There are also water bags on the market that do a great job of keeping young trees hydrated.

Make sure your sprinklers are putting water where it is needed, and not unnecessarily watering the sidewalk. When the sidewalks and patios need a sweeping, make sure you reach for the broom and leave the hose on standby.

By making a few informed decisions to cut down on water consumption, you can feel good knowing you are doing your part to conserve. When water flows freely, it is easy to forget how precious it is.

Remind yourself that water is a resource that needs to be saved, and should not be wasted. Access to clean water is something no one wants to see lost. 

Filed Under: Uncategorized Tagged With: Around The Home, Homeowner Tips, Water Saving Tips

Chris Nooney April 10, 2014

The Happenings In A Reverse Mortgage

The Happenings In A Reverse MortgageWhen you’re looking for ways to supplement your retirement income, there are a number of different options to consider. A reverse mortgage is becoming a more popular and more common way to provide income when your retirement savings don’t leave enough to live on.

But with all the information out there, how do you know what happens in a reverse mortgage and whether it’s a good option for you?

What Is A Reverse Mortgage?

A reverse mortgage essentially reverses the typical actions of a mortgage. Instead of making payments on your home, you receive payments against your home’s equity. The amount you are loaned is dependent on your age, your home’s value, the interest rate and any restrictions placed by state or local laws.

Then when your home ownership changes through sale, death or moves out permanently, the loan comes due and is paid for out of the sale of your home. If you borrow more than the value of your home, you or your heirs will not have to make up the difference.

If your home’s value increases and it sells for more than the total of the loan, you or your heirs receive the difference.

There are a number of requirements that must be met that were implemented in late 2013. These include a the home being your primary residence, reaching a minimum age of 62, an increasing progressive percentage of your home’s value that can be borrowed against based on your current age and limitations on exactly how much value you can borrow against in the first year of the loan.

Let’s Break It Down

As an example, a 62-year-old could borrow 52.6% of their home’s value and receive a disbursement of 60% of that percentage. So if their home had 500,000 in value, they could borrow $263,000 and take out $157,800 the first year. By comparison, a 90-year-old could borrow 66%, so the same home would let them borrow $330,000 and they could take out $198,000 the first year.

Disbursements typically are awarded in three ways: as a lump sum at closing, as periodic payments over the life of the loan or as a line of credit with a checkbook. It is also common for a combination of these three ways be used for disbursement.

Filed Under: Uncategorized Tagged With: Home Mortgage Tips, Housing Market, Interest Rates

Chris Nooney April 9, 2014

4 Of The Best Questions To Ask Before Refinancing Your Mortgage

The Best Questions To Ask Before Refinancing Your Mortgage1) Do I Have Enough Equity To Get A Mortgage?

To get a conventional loan, you will usually need to have at least 20 percent equity. This means that your house will have to be worth at least $250,000 to get a $200,000 loan. If you have less equity, you could end up having to pay for private mortgage insurance, which can easily add $100 or more to your monthly payment.

2) How’s My Credit?

Most lenders will look at your credit score as a part of determining whether or not to make you a loan. With conventional lenders, your rate will depend on your score and the higher it is, the lower your payment will be. Other lenders, like the FHA and VA programs have an all or nothing rule.

If you qualify, your rate won’t be based on your credit, but if your score is too low, you won’t be able to get any loan. Generally, 620 credit scores are the lowest that will qualify you for any loan.

3) What Do I Want To Accomplish?

Mortgages typically offer a choice as to their term. While the 30-year loan is the most popular, shorter term mortgages save you money since you pay less interest over their lives. They also get you out of debt sooner, at least as regards your house.

The drawback is that they carry higher payments since you pay off more principal every month. This can make them less affordable for some borrowers.

4) How’s My Current Loan?

If you have an adjustable rate mortgage, you may want to switch to a fixed rate mortgage simply for the additional security it offers you. On the other hand, if you are planning to move relatively soon, your current mortgage could be a better deal whether it’s fixed- or adjustable-rate.

When trying to decide what to do, compare the cost of refinancing with what it would cost you in additional interest to hold on to your existing loan. While the breakdown is different for every borrower, generally, you’ll need to keep your current house and loan for anywhere from three to six years to break even on the costs of refinancing.

Deciding what to do with your mortgage can be complicated. Working with a qualified loan broker that can consider every angle with you can help you to make a better decision.

Filed Under: Uncategorized Tagged With: Home Loans, Home Mortgage Tips, Refinancing

  • « Previous Page
  • 1
  • …
  • 805
  • 806
  • 807
  • 808
  • 809
  • …
  • 907
  • Next Page »

Looking for something?

Chris Nooney Headshot

Contact Chris Nooney

Draper & Kramer Mortgage Corp.


SVP of Residential Lending
Branch Manager

BOOK AN APPOINTMENT!
Call 832-725-5535

chris@thenooneyteam.com
NMLS #179371

Click to Apply Now →

Draper & Kramer Logo

scotsman guide

How can I help?


0 / 180
Pursuant to the requirements of Section 157.007 of the Mortgage Banker Registration and Residential Mortgage Loan Originator License Act, Chapter 157, Texas Finance Code, you are hereby notified of the following: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. © 2021 Draper and Kramer Mortgage Corp. All Rights Reserved.
Equal Housing Lender
nmlsconsumeraccess.org
Christopher James Nooney (NMLS ID # 179371 (www.nmlsconsumeraccess.org) TX:179371) Roger G Ryman Jr. (NMLS ID # 180704 TX:180704) Michele Domenico Zugheri (NMLS ID # 179379 TX:179379) are agents of Draper and Kramer Mortgage Corp. (NMLS:2551) an Illinois Residential Mortgage Licensee located at 1431 Opus Place, Suite 200, Downers Grove, IL 60515, 630-376-2100. TX: Draper and Kramer Mortgage Corp. NMLS ID 2551.

Connect with Me!

Quick Links

  • Free Consultation
  • About Chris
  • Accessibility Statement
  • Blog
  • Privacy Policy

Return to top of page

Copyright © 2025 Chris Nooney. All rights reserved.   Log In