Friday, April 29, 2016

First time Investors Loan Program...

10% down payment.
-The rent is used to offset the payment.
-Rent is counted for first time investors.
-1-4 units.  
 
This is the perfect product for those wanting to get into real estate investments. 

I have a lender that can do this!




Thursday, April 28, 2016

Alimony or family support. New loan qualifying program...

Line 31a of the 1040 tax return is where alimony/family support is listed. Waukesha State Bank will allow the amount listed there to be deducted from income as opposed to treated as a debt.

Why is it important? Calculating income in this fashion can be the difference between a $117,000 or loan vs a $300,000 loan. Realistic assumptions are below.

  • Example:  $100,000 / year income, and pays 25% family support, auto loan of $300/month, $150 credit card bill and the property taxes are $4,800 per year. Using conventional guidelines the borrower qualifies for a $117,000 loan.

  • Using me as your Loan Officer, and deducting the family support/ alimony from income allows a loan amount just over $300,000.

From the fanniemae underwriting manual:
Alimony/Child Support/Separate Maintenance Payments
When the borrower is required to pay alimony, child support, or maintenance payments the payments must beconsidered as part of the borrower’s recurring monthly debt obligations.


Charlie Johnson
Waukesha State Bank
262-953-2375 desk          
NMLS ID 284244   
Celebrating 72 years
as your local  
     

Wednesday, April 27, 2016

A place to call Home

Lake Country,  refers to the western part of  Waukesha County Wisconsin.  Any lake enthusiast is sure to enjoy the boating, fishing, paddleboarding , kayaking, skiing, tie-ups and a number of other water recreational activities the "Lake Country" offers. .  There are so many places to drop anchor and enjoy this beautiful area I am lucky enough to call home.
If you are considering purchasing or selling your waterfront home or land, Look no further!    Together,  we can find it here in Lake Country!!!  I am hoping you will enjoy it as much as I do!
Looking for entertainment? Many of Waukesha County Lakes offer pull up docks for your conveninece.  Dock the boat, listen to some great music and enjoy the fantastic food that is available at many of the local Waterfront Festivals

Serenity?  You need only to look at the picture above to see just how peaceful lake living can be.
If this sounds good to you, call me - Lisa Bear, 262-893-5555.
Call me today so that together we can find your next lake home here in Lake Country Wisconsin, Waukesha County


Tuesday, April 26, 2016

Cassidy is leaving the nest soon...

Her wings have grown and the time is coming for for her to fly. Her first destination will be UW LaCrosse this fall.  We just spent the past weekend doing the UPCLOSE Tour for incoming freshman.  I am anxious to see where she soars.....





Monday, April 25, 2016

New Listing for Sale - W165 Park Dr Oconomowoc, Wisconsin 53066-9304 Taxed by: Concord

Enjoy the peace & serenity of this country home.Beautifully designed, completely renovated 3 bd, 2bath ranch on 1 acre in Oconomowoc Schools.

4car drywalled garage!

Everything is new!

 Open concept, cathedral concept. Gorgeous kitchen, complete with upgraded soft close cabinets,granite,stainless appliances, snack bar and butlers pantry.Living room and dining areas have hardwood floors,bay window and great views of yard. Ceramic finished Bathrooms are sweet!Master has walk in shower and double vanities. All this plus,a nicely finished lower level and WIFI thermostat! Jefferson County taxes