Creedmoor Music Festival This Saturday

6d The Butner-Creedmoor News, Thursday, September 19, 2013
G ranville H ome & G arden G uide
Tips For Buying A Home In Today’s Market
If you’re considering
buying a home, some
experts think you should
get a move on it. Interest
rates are at 65-year record
lows and national home
prices have finally hit
bottom and are on the
rise. Despite what you
may be hearing, loans are
available for those with
good credit histories,
stable income and
sufficient savings.
But don’t jump right in
unprepared. Whether
you’re a seasoned buyer or
a newbie, there are
strategies that can help
you throughout the homebuying
process:
Stick to Your Budget:
Determining how much
home you can afford
depends on several
factors, including your
annual gross income,
credit history, current
mortgage rates and the
amount of your down
payment.
In today’s market, you
can expect: a down
payment to generally be
between 5 to 20 percent of
the purchase price for a
conventional mortgage.
Lenders recommend that
your mortgage payment
(principal, interest, taxes
and mortgage insurance)
be less than 28 percent of
your monthly gross
income.
Before looking for a
home, consider calling a
Department of Housing
and Urban Developmentapproved
housing
counselor for free and
confidential financial
assistance.
Avoid Borrowing
Pitfalls: Unscrupulous
lenders can damage your
credit and cause you
financial hardship. Here
are some ways to avoid
becoming a victim:
• Say ‘no’ to easy money.
Beware if someone claims
that your credit problems
won’t affect the interest
rate. If a solicitation is
really appealing, get it in
writing and seek a second
opinion.
• Talk to several lenders
to find the best loan.
• Know if the loan
offered to you charges a
fee if you pay it off early.
If it’s a requirement of the
loan, ask about other
products that don’t
contain this type of
penalty.
• Ensure documents are
correct and complete.
Beware of anyone offering
to falsify your income
information to qualify you
for a loan. Never sign
documents that have
incorrect dates or blank
fields.
• Ask for written
estimates that include all
points and fees. When you
get to the closing table, if
any fees or charges differ
from what was previously
disclosed, delay closing
until all terms are
understood.
• If you’re taking equity
out of your property, only
take the minimum.
Equity typically builds
slowly over time, so it’s
important to try to
preserve it.
• If you’re not sure, don’t
sign! Get advice first from
a reputable consumer
credit counseling agency
Know the Mortgage
Process: Mortgages are
financial commitments.
mortgage may make a big
monthly payments and
To determine the best
term for your personal
situation and one that
aligns with your financial
goals, talk with your
professional for guidance.
intimidating, especially if
homebuyer. Do your
research, reach out to the
professionals, stick to
your budget and be sure
you’re ready to take on
responsibilities of being a
or housing counselor.
serious long-term
Selecting the right
difference in your
overall cost of your loan.
lender or financial
The prospect of
making such a big
investment can be
you’re a first time
the
financial
homeowner.
Millstone: From the $120’s Franklinton, NC
Top 200 Home Builder
919-528-1347 ext 103
www.wynn-homes.com
Heritage Hall: From the $250’s Franklinton, NC
Heritage Hall boasts large, estate size lots from just under 1 Acre to over 3 Acres with one 11 acre parcel! This 33 lot community offers mature wooded
landscapes with rolling hills! Homes are 2500-3300 sq. ft. and offer stone or brick accents and 2 or 3 car garages.
Directions: From Creedmoor take Church St. which turns into Brassfield Rd for 7 miles. Turn left into Heritage Hall on St. Lucy Dr.
Located off Hwy 56 with easy access to Hwy 1, these ranch homes starting at the low $120’s with larg e wooded lots are perfect for the first time homebuyer.
Directions: From Creedmoor take Hwy 56 East toward Franklinton. Go approximately 11 miles, turn left onto Wes S andling Rd. Millstone community is
on the left.
Applewood: From the $200’s Creedmoor, NC
Beautiful brick exteriors on the 1st floor. Hardwood floors, granite
countertops, ceramic tile backsplash and stainless appliances. Easy
access to I-85.
The Anthony - $207,900
Lot 26, MLS# 1886575
Visit our Parade Homes
Sept. 21 & 22
Sept. 28 & 29
Oct. 5 & 6
12 - 5:00pm
W oodfield: From the $210’s Youngsville, NC
Large lots with rural charm and only a short drive to Wake Forest and Raleigh,
these homes offer stone accents, hardwood flooring in the living areas, granite
countertops in the kitchen with ceramic tile backsplash and stainless appliances.
The Lilly II - $214,900
Lot 56, MLS# 1880038
Directions: From Creedmoor, take Hwy 15 South, turn right onto Joe Peed
Rd., turn left onto WB Clark Rd., Applewood community is on the right.
Directions: From Wake Forest, take 98 East cross Hwy 401, go approximately 3
miles. Woodfield community is on the left.
Chesleigh: From the $240’s Wake Forest, NC
Located just inside Granville County off Hwy 98 on Lawrence Rd. with an easy commute to Wake Forest and Raleigh, these homes offer stone accents,
hardwood flooring, granite countertops, ceramic tile backsplashes and stainless appliances on large one-acre lots.
The Charlotte - $269,900
Lot 75, MLS# 1890586
The George - $275,000
Lot 74, MLS# 1873631
Directions: From Creedmoor, take Church St. North. Church St. becomes Brassfield Rd.. Turn right on Lawrence Rd .. Continue straight at Bruce Garner Rd.. Chesleigh
community is on the left.
Ashton Meadows: From the $230’s Franklinton, NC
Single family homes from the low 200’s featuring craftsman style custom homes. Generous 1/2 acre lot s located on rolling hills and woodlands
offer Franklinton homebuyers 2 fishing ponds and walking trails. The neighborhood is perfect for you ng families, empty nesters, and anyone
looking to buy a new home on a large lot surrounded by lush wooded landscapes and picturesque water views
The Gettysburg - $254,900
Lot 10, MLS# 1892552
The Willow - $234,900
Lot 13, MLS# 1894365
Directions: From Youngsville then Left on Cedar Creek Road. Go past Cedar Creek Middle School turn right on Hill Road. Drive about 1 mile then turn left into
Ashton Meadows.
Carriage Hill: From the $140’s Stem, NC
The quiet neighborhood in Stem, offers ranch homes with granite countertops in the kitchen and lovel y stone exterior accents and a short commute to
Durham and Oxford.
Directions: From Hwy 56 at I-85, head NW on Hwy 56. Turn right onto West
Lyon Station Rd., turn left onto Brogden Rd., turn right onto E. Tally Ho Rd.,
Carriage Hill community is on the left.
The Rivers - $144,900
Lot 41, MLS# 1901810