Happy New Year!
Thank you to all my friends, clients and colleagues for such a wonderful year. I hope you all are having a great last day of 2009 have interesting plans for tonight. I am going to be at the newly remodeled The Jefferson Theater with Gogol Bordello. Sounds very exciting!
If You Don't Buy a House Now, You're Stupid or Broke
These are not exactly my words, I read this article in BusinessWeek. See if you find
it interesting too!
Personal Enrichment Evening Courses at UVA!
I loved Modern Art, Historic Virginia Buildings, Introduction to Stars and Galaxies, and Lincoln: Life and Legacy lectures I took at the
School of Continuing Education. Being so close to one of the best universities in the country gives us such a great opportunity to learn. This semester the courses are very interesting too and I had a hard time to pick just one.
If you are interested, registration started on December 1.
Labels: great place to live, university of virginia, UVA
5 GREAT REASONS TO PURCHASE A HOME!
1. TAX CREDITS- The $8,000 tax credit is available for 1st time homebuyers (not owning a home within the last 3 years) plus the new $6,500 tax credit for people who have lived in their primary residence for 5 years or more. The contract has to be ratified by April 30, 2010 and close by June 30 2010.
2. 100% FINANCING - USDA Rural Development is available for a large number of potential buyers. Right now borrowers could get 5.0% 30 year fixed rate w/no Mortgage Insurance which is incredible.
3. HISTORICALLY LOW RATES - 30 yr fixed rates at 4.875% and for the first time in a long while the adjustable rates are very attractive. A 5 yr fixed ARM is now down to 3.875% which could be perfect for the person at UVA or NGIC who will only be in the area 4-5 years. Remember with the lower interest rate 2 things happen, you lower the monthly payment while putting more money per month to the principal.
4. FHA FINANCING - FHA is gaining market share w/3.5% down payment that can be in the form of a gift, 620 credit score and no income limit. This is not just for 1st time homebuyers, and you can even own another property as long as it is not an FHA mortgage.
5. RENOVATION PURCHASE LOANS – If you love this house but it needs….. FHA 203k renovation loan might be a solution. You can add the cost of improvements to the purchase price.
Labels: charlottesville, charlottesville real estate, home purchase, tax credit
