Mountain Lake, located in Pembroke, Virginia, is well-known as the setting for the movie, Dirty Dancing, starring Patrick Swayze and Jennifer Grey. This beautiful, 2600 acre mountaintop resort is bustling with activity in the summer and offers rental cabins as well as traditional hotel rooms. The large banquet facilities host numerous weddings, receptions and other special events throughout the year. For more information on Mountain Lake Resort, click here.
VHDA, The Virginia Housing Development Authority has developed a loan program called Homebuyer Tax Credit Plus.
VHDA designed this program so homebuyers could take advantage of the $8,000 First-time Homebuyer Tax Credit to finance their closing costs and down payment.
How does the program work? VHDA provides a first mortgage with a 30-year fixed rate at a competitive rate. The Homebuyer Tax Credit Plus loan program offers a built-in second mortgage that allows borrowers to receive up to 5% of the home's sales price to help cover down payment and/or closing costs. The second mortgage offers no payments and 0% interest for the first year.
There are 3 options from which borrowers may choose to repay the 2nd mortgage:
1. paying it off with the first time homebuyer tax credit funds they receive after closing and after they file for the credit.
2. paying it off over 29 years (after the first year of no interest and no payments is up)
3. making principal payments during the first year to pay down the balance which will then be adjusted to fixed payment loan after the first year
Beginning with the 13th month, the second mortgage will have the same fixed interest rate as the first mortgage.
Time limit: loan must close no later than November 30, 2009
Borrowers must meet the federal Firsttime Homebuyer Tax Credit eligibility requirements as well as VHDA's requirements. Maximum househole income limits apply. Minimum credit score of 620. FHA qualifying ratios for payment and debt-to-income apply. Borrowers must have a minimum of 1% of the sales price of their own funds in reserve or contributed to the purchase. VHDA homeownership education class is required (can be taken online or in-person).
For more information, visit VHDA.com or contact Justin Williams: 757-692-3464 email: justin.williams@prosperitymortgage.com
In April of this year, we took a family vacation to Universal Studios Orlando. We had won tickets to the park and successfully bid at a charity auction for a week's stay in a timeshare in Orlando. After a couple of days doing the amusement park thing, we were bored. It's just not our style. So, we rented a convertible and drove down to the Florida Keys. After the long drive, we parked the car at our hotel and saw this....it was definitely a good decision to bail on our "planned" vacation!
Even though price action in the secondary market was choppy and economic reports were better than expected, conventional 30 year par mortgage rates held steady near 5.00% as prices of mortgage backed securities managed to end the week higher. The calendar is busy this week with Friday providing the most noteworthy event...the Employment Situation report. If you purchased a property over the weekend, today is good day to lock in your rates. Justin Williams Home Mortgage Consultant Wells Fargo Home Mortgage M8612-011 4701 Columbus Street Suite 300 Virginia Beach, VA 23462 (757) 490-9200 Tel 757-692-3464 Cell 1-866-922-5123 Fax
Today's mortgage rates are holding flat.
Adam Thoroughgood arrived in Virginia as an indentured servant in 1621. He became a key figure in the settlement of the South Hampton Roads area. His home is estimated to have been built sometime between 1680 and 1720, making it one of the oldest standing homes in America. The property became a museum in the 1950's and is now owned by the City of Virginia Beach, VA. In the 1960's it was listed on the National Register of Historic Places.
The Adam Thoroughgood House is open daily for public tours and sits on a beautiful piece of property overlooking the Western Branch of the Lynnhaven River. The address is: 1636 Parish Rd, Virginia Beach and is located in the back of the Thoroughgood neighborhood off North Independence Blvd.
Hours and Fees Open: Tuesday - Saturday 9:00 a.m. - 5:00 p.m. Sunday 11:00 a.m. - 5:00 p.m. Closed: Monday Admission Fees: Adults - $4.00; Seniors (60+) - $3.00; Students (6+) - $2.00 Location: 1636 Parish Road, Virginia Beach, VA 23455 Telephone: Site (757) 460-7588 Administrative Office (757) 431-4000
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Whether you are buying or selling a home in Virginia Beach, Norfolk, Chesapeake or beyond, our goal is to provide you with the resources and tools you need to make a smart and stress free transaction.
Virginia Beach, Virginia - what a wonderful place to live! Mild winters, breezy summers and much more to do than just go to the beach! Virginia Beach is actually part of South Hampton Roads Virginia - which consists of the cities of Virginia Beach, Chesapeake, Suffolk, Portsmouth and Norfolk. These cities are all unique and filled with a wealth of exciting things to do and see. Once known as mostly a Navy town, the Hampton Roads area has reinvented itself as a destination for many walks of life outside of the military. With large and small corporate headquarters, a nationally recognized health care system, excellent schools and southern hospitality, Hampton Roads is a wonderful place to live!
For more information on our terrific area of Virginia, please visit my community information page at: http://www.tinamerritt.com
My area of "expertise" is selling homes that are difficult to sell. Sometimes, all it takes is a price adjustment, furniture placement or a coat of paint. Other times, it takes a whole new marketing strategy, extensive networking or market repositioning to get a property sold.
My goal with buyers is to build their wealth and real estate portfolio, not to ensure their couch fits perfectly in their living room. I look at a house as a small business which is there to provide an immediate need, (shelter) but also to provide long term (or short term) income.
Now, the "REAL" Tina:
I am a wife and mother, first and foremost. My family is my life, my pride and my true love. After having the experience of living in a 3rd world country for a few months, I am grateful everytime I turn on the faucet to have clear, safe, drinkable water and go to sleep in my clean, comfortable bed.
As a graduate of Virginia Tech, I am a Hokie. My college experience played an important role in molding me into the person I am today. Blacksburg and Virginia Tech will always be near and dear to me and I support my alma mater as a season ticket holder and member of the Hokie Club and Alumni Association.
Real estate is a business transaction and while my clients can sometimes get very emotional, my goal is to keep their business interests as my priority. I want my clients to make smart and wise financial real estate decisions that will assist them in achieving their financial goals. Whether or not their couch will fit in the living room is not my priority; whether or not the property they are investing in will help put their child through college is.
"There aren't enough positive attributes to describe Tina. Time and again, she has held our hands through tough real estate transactions, making a normally stressful situation virtually stress-free. I cannot recommend her highly enough or often enough. We are so lucky to have met Tina and are better and more informed real estate purchasers and sellers because of it. If you are looking for a realtor, look no further. Tina and her team are the best." October 1, 2007 by Patrick Veverka
To learn more about Tina in Virginia and real estate in the Hampton Roads area, visit her site.
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