Real Estate Matters
www.realtyguide.com • Saturday, May 1, 2010 • Reporter-Herald
Reconsider walking away ILYCE GLINK TRIBUNE MEDIA SERVICES
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uestion: We purchased a home in 2006 for $582,000. We put down $130,000 and financed $452,000 with a 5-year interestonly loan as we only planned to be here for four years. Our home is now worth only about $400,000 and we’ve made small payments to the principal so our mortgage is about $449,000. Our mortgage interest rate is set to adjust in June 2011. In addition to our first mortgage, we also have a $9,500 home equity loan that we will pay off in May 2011. My husband is in military, and it looks like he’s going to get orders to move in this summer. Rather than sell the house and lose money we will rent it. But homes in our neighborhood rent for about $500 less per month than our current mortgage payment. We’re worried when the interest rate adjusts on our mortgage, the payment will be more I See GLINK/Page E4
Inside this week’s Home & Real Estate Realtor of the Week John Simmons of The Group, Inc.
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Loveland Historic Homes Tour Six historic sites are available for tour today
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Director y Page E6
RH photos/Jade Cody
meet — such as being a first time home buy- activities within the community itself. er — this offer is available to ALL buyers. There are so many amenities offered in the There is not much time left on this Oakwood area, you’ll never want to leave. The great Homes offer, so get out and see their Loveweather brings anticipation of the newest land master-planned community, Thompson amenity, the community pool, which will River Ranch. open for the season on May 29 for all resiNow is the time to take advantage of Oakdents. Along with the pool, there are also wood’s tax credit and be a part of Northern multi-use playfields, playgrounds, a picnic Colorado’s fastest growing community. Its lo- shelter and even an outdoor amphitheater. cation is a key feature, helping with the 28 And don’t forget the previously mentioned sales there so far this year. The easy access to disc-golf course along with miles of open Thompson River Ranch is unsurpassed. Com- trails. RH PAID ADVERTORIAL ing from Interstate 25? Get off at U.S. HighWhile you may have to experience the feel way 34 eastbound, take your first right at of Thompson River Ranch for yourself, OakThompson Parkway then right at Ronald Reare you one of the many people that wood Homes has made it incredibly easy for gan Boulevard. which takes you to the missed out on the homebuyer federal you to get an idea of your dream home even frontage road. Take a left on the frontage tax credit? If so, Oakwood Homes has before checking out their models. You can you covered. They are providing their own tax road and you won’t miss the entrance to the customize the 22 different floorplans availc o m m u n i t y. credit to give one last opportunity for all able in Thompson River Ranch on their webEnjoying some time at the Promenade home buyers but this won’t last long. If you site, www.HomesPeopleLove.com, and you’ll Shops at Centerra? The community is just a contract by May 31 and close by November be able to show up prepared with exactly 30, you can receive $8,000 by Oakwood’s own few minutes away. Even with such easy access what you want to see. You could do your and great shopping nearby, Thompson River tax credit extension! homework beforehand or try it out after you Ranch doesn’t lose that Colorado outdoor There are no other qualifications to visit, then being able to visualize all the cusfeel. With all the open area ranging from tomizable options. You won’t be able to get parks to a disc golf course to the scenic Hillsthese homes off your mind after visiting the borough Ditch trails, there is never a lack of models. In order to provide the best home value, Oakwood Homes has recently added full basements, partially finished, as a standard in their Carson Collection. These four amazing quality homes that come with full basements start as low as $219,900. Along with the current tax credit offered by Oakwood Homes, it brings a new meaning to affordability. To provide even more affordable home options, they also offer their New Beginnings II Collection which starts at $154,900. To find out more about Oakwood’s extended tax credit and the affordable homes in Loveland, contact Mike Welty or Tina Shearon at 970-669-9801. You can tour Thompson River Ranch this weekend from 10-6 p.m. Visit www.HomesPeopleLove .com for additional information.
Oakwood Homes makes it easy to buy a new home — offering their own tax credit and much more at Thompson River Ranch
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18-312344
Head East Thompson River Ranch