Approximately $1.1 trillion dollars in mortgage loans was refinanced in the United States last year. Did you remember to take an increased mortgage interest deduction on your tax return if you were entitled to one? You are allowed to take a deduction on your personal tax return for mortgage interest you pay on a loan that is secured by either your principal residence or a second home, up to one million dollars in acquisition indebtedness. That means mortgages, lines of credit and home equity loans all qualify, as long as they are secured by your home, and you are the primary borrower, and legally obligated to repay that loan.

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• Beautiful and affordable NC Lakefront property near Boone NC
• Lakefront Lots on Kerr Scott Dam & Reservoir
• 18 Lots - 14 are Lakefront and meet private dock requirements.
• Gated community with Lots ranging from 2.3+- acres to 6.8+- acres.
• On the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

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search for : NC Lakefront property, Lakefront Lots on Kerr Scott Dam & Reservoir, Wilkesboro, NC 28697

Generally, sales fail to happen because the buyers discover something new about the transaction that they didn’t know after they made their offer. This could be new information about the property, the property condition, the neighborhood, how much they can afford or the price they agreed to pay. Often, the transaction may fall apart because the buyers couldn’t get the loan they needed to complete the purchase. Mortgage preapproval can be accomplished within a day or two, and ideally should be done before an offer is made. Preapproved buyers know they are creditworthy and how much they can afford to pay.

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When you obtain a mortgage loan, you will be required to sign a large number of documents, all of which contain terms which are a mystery to many potential homebuyers. And to make matters worse, you will be asked to sign a “power of attorney” authorizing the lender (or the title company) to make corrections should errors be found at a later date. Mortgage loan documents currently being used by most lenders do not meet this objective. “Most of us have had the experience of being overwhelmed and befuddled by the huge stack of documents full of confusing language in small print presented to us for signature at a mortgage closing.

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Just listed is this one of a kind, 2.86 acre Main Channel, Waterfront Lot on beautiful W. KERR SCOTT LAKE in Wilkes County North Carolina.

Main Channel Waterfront.
2.86 acre Waterfront Lot.
Beautiful View of Lake.
Over 300 feet on main channel.
Wooded and Unspoiled.
Gated community and private, paved road.
Community water and underground utilities.
Has new dock, one boat slip and slip for two jet skis.
$359,000

Contact Greg Stikeleather, Broker, 704.880.5247 or email Greg at grstike@charter.net

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If you work with upscale buyers, have builder clients who turn to you for advice on amenities to include in their new product, or have sellers who need to update to maximize value, you need to know what’s currently in demand (and adds value) in the luxury home market. Today’s luxury homes are packed with amenities and offer his-and-her features that luxury homeowners of a decade ago never even dreamed about.

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The number of people in Guilford County who face foreclosure on their homes is at its highest point in 10 years, three times the 1998 rate. But as the economy in the Triad has improved and more lenders are requiring counseling before approving a loan, the double-digit rates of increase have mellowed in the past three years. The economic downturn has spawned training and assistance programs aimed at keeping people in their homes. Part of the recent decrease in foreclosures may be due to a pilot home protection program that has awarded $215,000 in mortgage assistance since 2005 to Guilford County workers who lost jobs when companies outsourced or moved overseas.

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