Texas

Grayson Lakes is a beautiful community in the western section of the Katy Texas area south of I-10. Grayson Lakes was developed by Newland Communities...the company that developed Cinco Ranch and Seven Meadows, so you know you will be getting a neighborhood loaded with amenities...and Kids! Grayson Lakes is located within the boundaries of the Award Winning KatyISD School District. The community actually feeds a new Elementary and Middle School, and is located with the boundaries of Seven Lakes High School. Seven Lakes is one of the most technologically advanced high schools in the entire Country.

The attraction for many of the residents of Grayson Lakes is the lakes and amenities the community boasts. With water sports like fishing and boating to go along with playgrounds, pools, green space, etc... This is a community that will make your family feel like they are on vacation twelve months a year. Grayson Lakes also boasts a great location for commuting to work. Just a stones through from I-10 and a few miles west of the Houston Energy Corridor, many executives from BP, Conoco Phillips, Shell, etc.. call Grayson Lakes home.

As part of the vibrant South Katy area Grayson is within a short distance of all Katy has to offer from the many Malls (the Katy Mills Mall is just up the street), restaurants, shops, close proximity to grocery stores and a wide variety of Medical facilities and choices.

Grayson Lakes is priced from about $200,000 to over $600,000 and the community has some of the largest lots available in Katy area subdivisions. If you are looking for a place to live that makes you feel like you are on vacation 12 months a year...and yet is close to work...add Grayson Lakes to your shopping list!

I recently had to have my HVAC replaced because the old one was 10 years old, causing high energy bills and kept breaking down.

I called out everyone from Trane to Carrier to American Standard to Goodman. The quotes I got were for 13 seer to 15 seer units.

I got quotes that ranged from $3300 to $16,500.

Yeah, that is a big difference.

I hope you don't have your system go out in these tough economic times but if you do I highly recommend you give Neal a call at 936-372-3416.

He was prompt, polite and best of all he got us a new system for under $4000.

The system we got was a Ruud, 5 ton, 13 seer. Yes I know that isn't the highest seer rating but when you go 3 days with no HVAC, are on a budget and are paying cash....the 13 seer was much better than the 10 year old unit we had and should be more energy efficient and best of all you don't have to sweat to death!!

So if you find yourself in my shoes....give Neal a call.

North Carolina has ban Yield Spread Premium, YSP!

According to an article in Originator Times, http://originatortimes.com/content/templates/standard.aspx?articleid=3438&zoneid=1 Today, North Carolina, has become the first state to ban YSP's. Thumbing there noses at consumers and potential home owners, while telling them they are protecting them!

Eliminating YSP will effectively force small mortgage companies acting as mortgage brokers out of business. It force mortgage rates and cost up due to lack of competition and lack of disclosure.

The larger mortgage originators will simply operate as mortgage banks. The mortgage bankers will be able to charge higher fees, due to lack of competition and they will receive the lions share or the remaining business.

That individuals could even propose such ideas is beyond belief! That the majority of North Carolina's legislators went along with it defies expiations!

I'm possibly a bit naive. In a country that accepts atrocities, as long as its for "their own good" it seems any thing is possible. Janet Reno and the FBI incinerating 96 men, women, and children to protect them comes to mind. Or may be executing a woman holding a dangerous baby to her chest while hiding behind an open door. I guesses that would be home owners and mortgage brokers should be glad that they are being protected, and surviving!

Harsh? Extreme? Politically Incorrect? You better believe it! If you've spent your life financing and selling real estate, helping people obtain and seceded with the "American Dream" there is a target on your back. We're going to see more of this non-sense in the next four years no matter who we elect! If we elect the "perverted compromising suito conservatives" it's going to be bad enough! If we elect those that hide their hatred of the "American Dream" and all it implies, God help us, and don't gather in large combustible buildings.

Bill

William J Archambault Jr

Purchasing a home can save you money very quickly. FIRST, you'll save on taxes because the interest on your home mortgage is tax deductible. If you rent, your landlord gets the break.

SECOND, you'll save on interest payments while keeping the great tax advantage.

For example if you are paying $900 per month in rent, you are paying a portion of this towards your landlord's property taxes and mortgage loan interest. Your landlord can write this amount off. You derive absolutely no tax break. When you own a home, you now reduce your taxes for the mortgage interest and for your property taxes. Your interest is always the highest during the early years of your loan, so your overall write-off is largest during these early years.

Paying rent is like throwing your money out the car window each month. You pay it out and never see it again. With home ownership you receive loan interest write-off, and gain money over the years from the increased value of your home. Over a ten year period, on an initial purchase price of $100,000, you could gain over $100,000 in tax advantages and appreciation based on an 8% mortgage interest rate and 5% per year increase in home values.

On both the 15 year and 30 year loans, your interest deduction is highest in the first few years of the loan, so your tax deduction is highest then, too. Remember, if you plan to move or refinance after 5 years, you will maximize your tax deductions. Keep in mind that as you pre-pay part of your loan to reduce the interest expense, you also reduce your tax deduction. How long you plan to keep your current mortgage loan can help determine which type of loan, and which payment strategy, is ideal for you.

Have questions? Give me a call. I am happy to help.

I have always been a big fan of Abraham Lincoln and studied his biography and collected many of his quotations.

Abraham Lincoln Is Who You Need To Buy Your House.

A great reader. With Abe as your buyer nothing funny would slip by in your contract.

We are not enemies, but friends. At the closing table there would be no hiccups.

No slavery. There would be no such thing as accepting a subprime loan for your house.

Common looking people are the best. Your home would be bought by the masses of types of buyers.

A house divided against itself cannot stand. Harmonious with all parties.

Four score and seven. If you wanted to rent it out, only 87 yr old little ladies who paid on time.

Leave nothing for tomorrow. No fence sitters but decision makers only.

And finally a dreamer and a believer with

Property is the fruit of labor...property is desirable...is a positive good in the world. That some should be rich shows that others may become rich, and hence is just encouragement to industry and enterprise.

A BIG BELIEVER he was, as we all should be, in the American Dream of home ownership.