Brace Kennedy Homes

01/30/2014

Coming up on the 26th of Feb. is my 3rd in a series of "over 55" seminars I started hosting at the Arlington Central Library with my designation as a "Seniors Real Estate Specialist". We've already had guest speakers on nutrition, estate liquidation and estate planning and I'm very excited to have an expert on reverse mortgages as one of the featured speakers. I try to present topics which are relevent and perhaps crucial to seniors and baby-boomers. Please watch for the ads in the Beacon and Arl. Sun Gazette and bring a friend.

01/30/2014

This was the joy of my Christmas in St. Louis. My new great-neice, Gwendolyn, and she actually took a two-hour nap on my shoulder. I have never seen such calm parents as my neice, Mynda, and her husband, Jason.

07/26/2013

Just had a wonderful few days with my niece, Mynda, and her husband Justin. We had great tours of the Capitol bldg. and Mount Vernon. If you haven't been to either for a while, it's worth going just to see their newish visitors centers. WOW! Her sister, Amanda, and husband, George, were here for a few days the end of May. That big highlight was the Air and Space Museum in Chantilly. Truly awesome in size and scope.

04/10/2013

Waiting can be expensive!

If you’ve been thinking about buying a home and not sure whether to take the plunge now or, to wait a while here are a few facts and figures.
If you were to buy a $500,000 home today at the prevailing rate with 20% down, your mortgage payment (not including taxes) would be just over $1,800 per month for 30 years.
The most recent S&P housing market index stated a 5.9% annual appreciation for the D.C. area. That number, most likely, will go up and the Mortgage Bankers Association predicts a steady rise in rates from the current average of 3.6% to 4.4% when we swing into the spring market of 2014.
So, if you wait until next year to buy a similar home, get ready for a shock. Because of the appreciable increase in the cost of the home and the interest rate, the mortgage payment would jump to over $300 more per month. Procrastination just cost you over 16% more per month on your payment.
Click on the link below, go to FEATURED PARTNERS for a loan consultant and get pre-qualified today. The next step is to contact me to find your next home.
What are you waiting for! http://ow.ly/jWwUW

Keller Williams Realty will help you find a home in Arlington. Contact us Today.

02/05/2013

Mortgage Insurance Tax Deductible Retroactively

The recently passed American Taxpayer Relief Act of 2012 extends a mortgage-related law which expired at the end of 2011.

Mortgage insurance is, once again, a tax-deductible expense for eligible U.S. homeowners.

As part of this year's "Fiscal Cliff" negotiations, the American Taxpayer Relief Act of 2012 passed. In it was a rule which re-instated the tax deductibility of mortgage insurance premiums.

The law covers the fiscal years of 2012 and 2013, which makes it retroactively available for 2012 tax filings even though the original mortgage insurance tax deductibility rules expired more than 12 months ago.

The American Taxpayer Relief Act of 2012 makes it possible for borrowers with itemized federal tax returns and an annual adjusted gross income of less than $100,000 to deduct 100% of their annual mortgage insurance premiums on the federal income tax filings.

For borrowers with an adjusted gross income of more than $100,000 per year, deductions are still available, but they phase-out as income levels rise.

Mortgage insurance of all types are eligible for deductions. This includes conventional private mortgage insurance (PMI) from mortgage insurers such as Radian, MGIC and United Guaranty. It also includes mortgage insurance premiums (MIP) due to the FHA and USDA.




Kevin Schatz
Home Lending Consultant
Citibank, N.A.
Partnership Channel
Mobile 571.246.2020 | E-Fax 855.266.2027 | NMLS # 659505

Contact Kevin today for your personal mortgage consultant and follow this link to view Arlington, Va. homes: http://ow.ly/hrMko

01/22/2013

Welcome to Alcova Heights...one of the most popular neighborhoods in all of Arlington. This community has a long history beginning in the 1920's and initially sold as parcels. Alcova's appeal was in its central locale, large lots, access to D.C. and rapidly growing transit system. Most of the current homes were in place by the 1950's and we've seen many of those renovated over the years plus the infusion of "build-outs" in the last decade. Alcova Heights has never lost its popularity and remains one of the most charming and convenient communities in Arlington. Alcova enjoys a very active homeowners association,( http://www.aquasinc.com/ahca/hist.html ) and lies within walking distance of the Columbia Pike corridor undergoing its own renaissance under the guidance of the Columbia Pike Revitalization program. You may want to check out the new restaurants and shopping now complimenting "the Pike" and we're awaiting the new trolley which will run from Skyline to Pentagon City. Click this link ( http://ow.ly/h2whl )and view the single family homes currently available for sale across South Arlington. Call Brace Kennedy, Keller Williams Realty, at 202 255-2778 to view a property, or for further real estate information. Disclosures: http://ow.ly/h2wOq

04/27/2012

This is just one segment of the Columbia Pike Revitalization and you should see progress on this portion starting this summer.

03/30/2012

Thank you for visiting my page. I'm really excited about the Columbia Pike revitalization and will post future updates. Please "like" my page.