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3116 Jason Street, Carmel, IN 46033 An executive custom home boasts quality finishes and features with private, serene and garden-like outdoor living space. Full finished basement offers garden windows, 9-ft. ceilings, wet bar, 5th bed and full bath. Awesome layout for entertaining between kitchen, family room and sunroom with hardwood floors and cathedral ceilings. Gourmet kitchen includes granite, crown, custom cabinets, double oven, large island and walk-in pantry. All beds with baths and custom ceilings. Bonus room off 4th bedroom. Laundry up and down. Amazing condition with too many updates to list! Interior/Mechanicals
Exterior
Basement
Kitchen
Master bedroom
Bedroom 2
Bedroom 3
Bedroom 4
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Another big day for Keri - two more closings! Congrats to Derek and India on the purchase of their Westfield home and Nick and Allison on buying a piece of land in Indy.   Big week last week for Keri! 3 homes sold! Congrats to Andrew on the purchase of his Fishers home, Danielle on the purchase of her Franklin home, and Ryan and Danielle on the sale of their Greenwood house.    Term
Mortgages are generally available at 15-, 20-, or 30-year terms. In general, the longer the term, the lower the monthly payment. However, shorter terms mean you pay less interest over the life of the loan. Fixed vs. adjustable interest rates A fixed rate allows you to lock in a low interest rate as long as you hold the mortgage and, in general, is a good choice if interest rates are low. An adjustable-rate mortgage (ARM) usually offers a lower rate that will rise as market rates increase. ARMs usually have a limit as to how much and how frequently the interest rate can be increased. These types of mortgages are a good choice when fixed interest rates are high or if you expect your income to grow significantly in the coming years. Non-traditional mortgages Also sometimes called “exotic,” these mortgage types were common in the run-up to the housing crisis, and often featured loans with low initial payments that increase over time. Balloon mortgage This is a form of non-traditional financing where your interest rate will be very low for a short period of time—often three to seven years. Payments usually only cover interest so the principal owed is not reduced. This type of loan may be a good choice if you think you will sell your home at a large profit in a few years. Government-backed loans These loans are sponsored by agencies such as the Federal Housing Administration or the Department of Veterans Affairs. They offer special terms, including reduced interest rates to qualified buyers. VA Loans are open to veterans, reservists, active-duty personnel, and surviving spouses and are one of the only options available for zero down payment loans. FHA loans are open to anyone, and while they do require a down payment, it can be as low as 3.5 percent. Drawbacks include a slower loan process and—for FHA loans—the need to pay mortgage insurance. However…As the housing market shifts, so do lending practices. A mortgage broker—an independent professional who acts as an intermediary between you and lending institutions—may be able to help you find a better rate than you can on your own. Also, be sure to shop around; slight variations in interest rates, loan amounts, and terms can significantly affect your monthly payment. Reprinted from REALTOR Magazine Like new, no wait to build and EXTRA value in this 2017 end unit home including 2" wood faux blinds, all appliances stay including washer/dryer, custom shelving in master walk-in closet, ceiling fans/lights, extra windows and many builder updates. On the Monon Trail + wooded tree line for privacy. Built-ins and double-sided fireplace between Family Room and Dining Room. Laminate wood flooring in Dining Room, kitchen and 1/2 bath. Gourmet kitchen boasts XL island, 42 in. upgraded cabinets, granite, subway tile, walk-in pantry. Master with tiled walk-in shower. Lower level bonus room, 1/2 bath & mud bench. Great storage.
Kitchen
Master Suite
30 Year Fixed Interest Rates
2015-2018 2015 2016 2017 2018 January 3.625% 3.750% 4.250% 4.250% February 3.875% 3.750% 4.125% 4.500% March 3.750% 3.750% 4.125% 4.500% April 3.875% 3.750% 4.125% 4.750% May 4.000% 3.750% 4.000% 4.625% June 4.125% 3.500% 4.000% July 4.000% 3.500% 4.000% August 4.000% 3.500% 3.875% September 4.000% 3.500% 3.875% October 3.875% 3.625% 4.000% November 4.000% 4.125% 4.000% December 4.125% 4.250% 4.000%  Develop a budget. Instead of telling yourself what you’d like to spend, use receipts to create a budget that reflects your actual habits over the last several months. This approach will better factor in unexpected expenses alongside more predictable costs such as utility bills and groceries. You’ll probably spot some ways to save, whether it’s cutting out that morning trip to Starbucks or eating dinner at home more often.
Reduce debt. Lenders generally look for a debt load of no more than 36 percent of income. This figure includes your mortgage, which typically ranges between 25 and 28 percent of your net household income. So you need to get monthly payments on the rest of your installment debt—car loans, student loans, and revolving balances on credit cards — down to between 8 and 10 percent of your net monthly income. Increase your income. Now’s the time to ask for a raise! If that’s not an option, you may want to consider taking on a second job to get your income at a level high enough to qualify for the home you want. Save for a down payment. Designate a certain amount of money each month to put away in your savings account. Although it’s possible to get a mortgage with 5 percent down or less, you can usually get a better rate if you put down a larger percentage of the total purchase. Aim for a 20 percent down payment. Keep your job. While you don’t need to be in the same job forever to qualify for a home loan, having a job for less than two years may mean you have to pay a higher interest rate. Establish a good credit history. Get a credit card and make payments by the due date. Do the same for all your other bills, too. Pay off entire balances as promptly as possible. Start saving. Do you have enough money saved to qualify for a mortgage and cover your down payment? Ideally, you should have 20 percent of the purchase price saved as a down payment. Also, don’t forget to factor in closing costs, which can average between 2 and 7 percent of the home price. Obtain a copy of your credit report. Make sure it is accurate and correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments. Decide what kind of mortgage you can afford. Generally, you want to look for homes valued between two and three times your gross income, but a financing professional can help determine the size of loan for which you’ll qualify. Find out what kind of mortgage (30-year or 15-year? Fixed or adjustable rate?) is best for you. Also, gather the documentation a lender will need to preapprove you for a loan, such as W-2s, pay stub copies, account numbers, and copies of two to four months of bank or credit union statements. Don’t forget property taxes, insurance, maintenance, utilities, and association fees, if applicable. Seek down payment help. Check with your state and local government to find out whether you qualify for special mortgage or down payment assistance programs. If you have an IRA account, you can use the money you’ve saved to buy your first home without paying a penalty for early withdrawal. Reprinted from REALTOR Magazine |
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