Wednesday, February 24, 2010
The Lakes of Coppell Owners Association Annual Meeting
The annual meeting is to be held on Wednesday, March 24, 2010. It will be at 7 p.m. at the William T. Cozby Library, 177 Hertz Rd. Coppell, TX 75019. Check in is from 6:30 p.m. to 7 p.m. Refreshments provided by "Ole's".
Tuesday, February 16, 2010
Our Winter Market Returns on Saturday the 20th!
8 A.M. is the time and the Coppell Farmers Market at Bethel and Coppell roads is the place for our Winter Market. Local food and crafts will be sold until noon. The Coppell Farmers Market is open the third Saturday in February and March. YEA! See you there...
Early voting for the March 2 Primary Election begins today!
Early voting begins Tuesday, February 16 and ends Friday, February 26
Avoid long lines and vote early.
Early voting in person is easier than you think. You don't have to stand in long lines on election day. If you are a registered voter, you can vote early at any convenient location in your county. The closest for Coppell is
Josey Ranch Library,1700 Keller Springs Rd.,Carrollton 75006
Find a different early-voting polling location try this link
http://dalcoelections.org/march22010/EVLocations.htm
Avoid long lines and vote early.
Early voting in person is easier than you think. You don't have to stand in long lines on election day. If you are a registered voter, you can vote early at any convenient location in your county. The closest for Coppell is
Josey Ranch Library,1700 Keller Springs Rd.,Carrollton 75006
Find a different early-voting polling location try this link
http://dalcoelections.org/march22010/EVLocations.htm
Thursday, February 11, 2010
Pre-Owned Housing Prices Rise
North Texas home prices inched higher last month. The median pre-owned home prices were up 1% in January from a year earlier.
Supply is at six-month now. Six months is considered a balanced market.
Supply is at six-month now. Six months is considered a balanced market.
$30 Million to Aid Vet Buy Homes!
Straight from Austin, Texas has announced a homebuyer initative targeting veterans. The funding was announced Tuesday by Gov. Rick Perry and the Texas Department of Housing and Community Affairs.
The state is releasing $30 million in mortgage credit certificate authority through its Texas Mortgage Credit Program.
The first-time homebuyer status requirement is waived for qualifying veterns who have received an honorable discharge.
The program makes home ownership more affordable by providing a dollar-for-dollar reduction of a borrower's tax liability, not to exceed $2,000 annually. There are some other restrictions.
Are you a Vet? Do you know a Vet that could use this program? Give me a call 214.316.0404. As a Navy man, I'd love to help another Vet.
The state is releasing $30 million in mortgage credit certificate authority through its Texas Mortgage Credit Program.
The first-time homebuyer status requirement is waived for qualifying veterns who have received an honorable discharge.
The program makes home ownership more affordable by providing a dollar-for-dollar reduction of a borrower's tax liability, not to exceed $2,000 annually. There are some other restrictions.
Are you a Vet? Do you know a Vet that could use this program? Give me a call 214.316.0404. As a Navy man, I'd love to help another Vet.
Friday, February 5, 2010
Stop Paying Your Landlord's Mortgage!
It's staggering when you think about the cost of living, especially if you're a renter and not a home owner. If you are currently paying $1,000 a month for rented housing, then over the next three years, your property management company will effectively have reaped $36,000 of your hard earned cash! You're paying their mortgage when you could be building equity in your own property.
What if I don't have the money to buy a home right now?
There are many loan programs available that offer low and no down payment options. Some programs permit gift money as a down payment, and often sellers are willing to make a contribution to your purchase if they want to sell the home quickly.
There are many benefits of home ownership to consider, most of all, tax deductions. Let's take a look at how advantageous this can be as a homeowner:
How much is tax deductible?
Tax deductions vary, but the IRS has laid out solid rules. They also have several tax publications full of helpful information worth taking the time to read. Publication 530, Tax Information for First-Time Homeowners, is very thorough, as is Publication 936, Home Mortgage Interest Deduction. For quick reference, you can refer to Tax Topics 505, Interest Expense, and 504, Home Mortgage Points.
These publications often refer to local and state guidelines, so you may want to consult a CPA to answer all the questions that arise from reading these materials. Here are a few tips you should know up front:
Real Estate taxes are deductible on a primary residence. Real Estate taxes are paid at settlement or closing, or through an escrow account.
Mortgage interest is deductible on a loan to purchase, build or improve your home. Your lender will provide you with a Mortgage Interest Statement (Form 1098) to list the total interest paid during the year. This should include any deductible points paid for that year.
Pre-paid interest is deductible in the year it is paid. At the close of a real estate transaction, borrowers usually pay for the interest on their loan that falls between the closing period and the first of the next month. Mortgage payments are made "in arrears" so when a loan is closed mid-month, there is interest due to the new lender which must be paid in advance.
If you are building a home, the interest on the construction loan is deductible. The construction period cannot exceed 24 months prior to the date that you move in if you claim this as your primary residence.
What if I don't have the money to buy a home right now?
There are many loan programs available that offer low and no down payment options. Some programs permit gift money as a down payment, and often sellers are willing to make a contribution to your purchase if they want to sell the home quickly.
There are many benefits of home ownership to consider, most of all, tax deductions. Let's take a look at how advantageous this can be as a homeowner:
How much is tax deductible?
Tax deductions vary, but the IRS has laid out solid rules. They also have several tax publications full of helpful information worth taking the time to read. Publication 530, Tax Information for First-Time Homeowners, is very thorough, as is Publication 936, Home Mortgage Interest Deduction. For quick reference, you can refer to Tax Topics 505, Interest Expense, and 504, Home Mortgage Points.
These publications often refer to local and state guidelines, so you may want to consult a CPA to answer all the questions that arise from reading these materials. Here are a few tips you should know up front:
Real Estate taxes are deductible on a primary residence. Real Estate taxes are paid at settlement or closing, or through an escrow account.
Mortgage interest is deductible on a loan to purchase, build or improve your home. Your lender will provide you with a Mortgage Interest Statement (Form 1098) to list the total interest paid during the year. This should include any deductible points paid for that year.
Pre-paid interest is deductible in the year it is paid. At the close of a real estate transaction, borrowers usually pay for the interest on their loan that falls between the closing period and the first of the next month. Mortgage payments are made "in arrears" so when a loan is closed mid-month, there is interest due to the new lender which must be paid in advance.
If you are building a home, the interest on the construction loan is deductible. The construction period cannot exceed 24 months prior to the date that you move in if you claim this as your primary residence.
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