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Christine's Blog
 
 Christine's Blog 
Tuesday, 17 November 2009

When you are shopping for an Adjustable Rate Mortgage, the important thing to consider is the margin. Each time your loan is adjusted, the new interest rate will be tied to an index of Treasury notes. The margin is the percentage point above that index where your rate will be set.

Let's suppose that you have a one-year ARM with a 2.5 margin. Your initial rate was 6.5%, and during the first year of the loan, the index of 1-year Treasury notes was at 6.25%. The rate for the second year of your loan would be adjusted to 7.75%. With a margin of 2.75, it would increase to 8%. Some lenders offer lower initial rates with higher margins. In this case, the subsequent rates could be higher after the first year, than if you chose a higher initial rate with a lower margin.

If you are confused by the various mortgage offers, ask a professional mortgage broker to sit down with you and show you how it works. Today the rates and different financial possibilities are so variable that it is a good idea to talk to a mortgage broker--they usually know where the best rates can be found.  Please call me (919-225-1393) for additional information.

The Margin on an ARM
POSTED BY: Christine Khoury AT 06:40 am   |  Permalink   |  E-mail this
Thursday, 12 November 2009

 

Talecris picks Clayton

The Clayton Area Chamber of Commerce sent an e-mail message encouraging its members to turn out for Perdue's "major announcement regarding economic development."

 

POSTED BY: Christine Khoury AT 11:00 am   |  Permalink   |  E-mail this
Thursday, 12 November 2009

The Milken Institute Best Performing Cities Index ranks U.S. metropolitan areas by how well they are creating and sustaining jobs and economic growth.  The components include job, wage and salary and technology growth.  The full report can be downloaded here.  

However, if you are looking for a city that offers not only excelent performing arts, job growths AND 4 seasons climate - you  must consider the Durham/Raleigh/Chapel Hill area.  It is the best place for great jobs, especially those young college grads - we have many start-ups that are looking for young bright talent!  Please call or email me if you would like additional information!!

 

POSTED BY: Christine Khoury AT 10:39 am   |  Permalink   |  E-mail this
Sunday, 08 November 2009

I went to several of the artists' studios yesterday on the Orange County Annual Artist Tour and once again it was fabulous!  It is amazing the creative talent we have in this area.  I wouldn't miss it!

Here is the link for more information:  http://www.ibiblio.org/ocag/events.php#Tour

 

Please let me know if you go and who you visited!  I would love the feedback.

POSTED BY: Christine AT 08:50 am   |  Permalink   |  E-mail this
Saturday, 07 November 2009
Information on the Housing Tax Credit Expansion and Extension. Here’s what it means:
The $8,000 First-Time Homebuyer Tax Credit is Extended!
· Now, qualified first-time home buyers would receive their $8000 tax credit if they sign a purchase contract by April 30, 2010 and close by June 30, 2010.
· The home purchased must be their primary residence
· Buyer cannot have owned a home during the past three years
· Tax credit is up to 10% of the home value (not to exceed $8,000)
· Annual income caps to qualify for the tax credit have increased ($125K for single filers / $225K for joint filers). Partial tax credit can be granted for incomes up to $145K for single filers / $245K for joint filers.
·
PLUS New $6,500 Tax Credit for Current Home Owners Purchasing a Primary Residence
· Eligible home buyers must have lived in their current home for 5 consecutive years of the past 8 years.
· The new home does not have to cost more than the old home.
· Eligible for homes with purchase agreements written by April 30, 2010 and that close between November 6, 2009 and June 30, 2010
· Annual income caps to qualify for the full tax credit ($125K for single filers / $225K for joint filers). Partial tax credit can be granted for incomes up to $145K for single filers / $245K for joint filers.
Changes Chart and FAQs from www.realtor.org (National Association of Realtors® website) are attached.
Please refer all customers to certified public accountants for any tax credit eligibility questions.
Please call me if you have any questions!  I am happy to help you.
POSTED BY: AT 08:11 am   |  Permalink   |  E-mail this
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Christine Marklin Khoury
Prudential Carolinas Realty

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Phone: 919-225-1393
Email:
SmartMove@TopProducer.com

 

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