Monday, December 15, 2014

IBJ 2015 Book of Lists! Indy Who is Who

IndianapolisBusinessJournal 2015 Book of Lists!  Indy Who is Who



Find out who the biggies are in the following areas:
Commercial Real Estate
Construction
Corporate
Education
Health Care
IT
Medical
Marketing
Not for Profit
Office Products
Professional Services
Residential Real Estate
Travel/Hospitality

Check out the link HERE to see the complete lists!

#IBJ #WhosWho

Mortgage Update - 3% down and USDA

Mortgage Update - 3% down and USDA

LOW DOWN PAYMENT

Fannie Mae and Freddie Mac will start backing mortgages with down payments of as little as 3% of purchase price in an effort to open up lending to low-income and first time home buyers.  These will be fixed rate loans for purchase and refinance.

There are some hurdles to get over in order to qualify:
1 - Must have private mortgage insurance
2 - Must have credit score of at least 620
3 - complete documentation of income, assets and job status
4 - must receive homeownership counseling

These will be available December 13th from Fannie Mae and March 23, 2015 from Freddie Mac


USDA UNDERWRITING CHANGES

1 -  At least one borrower whose income and assets are used for qualification must have at least 3 historical trade line payment references that have existed for at least 12 months to establish a credit reputation and validated credit score.
2 - Parameters to retain one additional residence has been defined
3 - Significant guidance on collection accounts
4 - Number of months remaining for installment debt is being revised from 6 months remaining to 10 months.
5 - Guidance added for student loan payments.
6 - Credit documents, including properties that are new constructions will have  a 120 day validity period.
7 - Appraisal validity period being reduced from 180 days to 120 days. Update policy revised to allow one 30 day extension.
8 - Properties with in-ground pools are eligible.
9 - Clarification for when minimal income producing activity is an eligible property type characteristic.
10 - Eliminates deductions for contributory value of functional farm service buildings.
11 - 30% site value requirement will no longer apply
12 - Flood Insurance requirements will be defined and align with NFIP.

As always - consult a professional, reputable Mortgage representative with questions, further detail and explanations.
We highly recommend:
RiverWood Financial Group
Mike Miller
317-558-7719
mmiller@riverwoodfg.com

#Mortgage Update - 3% down and #USDA

Monday, December 8, 2014

Indiana - A State that Works




#Indiana - A State that Works

#economy

Don't Forget to File Your Mortgage Exemptions!

If you purchased or refinanced this year - be sure to get your mortgage exemptions filed (if applicable).

Here's a great reminder with further instructions from First American Title.

If you are still unclear as to what you need to do - call us at 800-747-7797



Don't Forget to File Your Mortgage Exemptions!

#Indiana #MortgageExemption #Taxes

Monday, December 1, 2014

How FICO 9 might impact your Credit Score

How FICO 9 might impact your Credit Score - from RIS Media





#FICO  #CreditScore

Wednesday, November 26, 2014

Giving Thanks - Right Here in Indianapolis




A Thankful Heart 


#Thanksgiving

Monday, November 24, 2014

December Festivities in Indiana

December Festivities in Indiana
Chances to shop for those unique Christmas gifts along with celebrating the season and donating money to the local economy!


Name
Date
Days
Start Day
City
12/5/14
12/7/14
3
Fri
Rockville, IN
12/5/14
1
Fri
Valparaiso, IN
12/5/14
12/6/14
2
Fri
Mansfield, IN
12/5/14
12/7/14
3
Fri
Jasper, IN
12/5/14
12/7/14
3
Fri
Bridgeton, IN
12/6/14
12/7/14
2
Sat
Munster, IN
12/6/14
1
Sat
Hobart, IN
12/6/14
1
Sat
Newburgh, IN
12/6/14
1
Sat
Lafayette, IN
12/6/14
12/7/14
2
Sat
Jasper, IN
12/6/14
1
Sat
Winona Lake, IN
12/6/14
1
Sat
Fortville, IN
12/6/14
1
Sat
Saint John, IN
12/6/14
1
Sat
Indianapolis, IN
12/6/14
1
Sat
Avon, IN
12/6/14
12/7/14
2
Sat
New Harmony, IN
12/6/14
1
Sat
Mooresville, IN
12/7/14
1
Sun
Merrillville, IN
12/13/14
12/14/14
2
Sat
Valparaiso, IN
12/13/14
1
Sat
Orleans, IN
Name
Date
Days
Start Day
City
12/13/14
1
Sat
Fishers, IN
12/20/14
1
Sat
Gary, IN
December Festivities in Indiana

#Christmas #Indiana #Festival #Bazaar #Crafts #Holiday

Monday, November 17, 2014

Hoosier Company Takes DIY Art Nationwide

Hoosier Company Takes DIY Art Nationwide

A shout out to a local company that made it to the big times!



Did you know that www.WineandCanvas.com was started right here in Indianapolis?

That's right - and in four years, they have grown to 350 employees and 48 locations from coast to coast.

Here in Indiana:  Bloomington, Ft Wayne, Greenwood, Indianapolis and South Bend.

Tony and Tamara Scott launched this business at their own dining room table four years ago.  They were profitable within three months.  After 6 months they opened a studio near The Fashion Mall.

And it's not just for the over 21 crowd.  They have a kid's class called "Cookies & Canvas" held on Saturdays where kids learn to appreciate art in a fun environment.


Classes can be hosted for birthdays, showers and even corporate events.

Flat screens make sure all attendees can hear and see the step-by-step instructions.  If you are looking for one-on-one instruction, this is not for you.  The instructors walk you through the steps in very basic language.



Hoosier Company Takes DIY Art Nationwide
#WineandCanvas
#Art

Monday, November 10, 2014

Veterans Day Salute

Veterans Day Salute

This week we put aside our political differences, our own agendas and other things that take our time and focus to honor those who have and still are serving to protect and defend the United States of America.

My father served on a submarine in WWII.  My father-in-law took some shrapnel in the Korean war and my Uncle John was prisoner of war in the Philippines.  I will never truly understand what they experienced, nor can my words properly express the respect I have for their service.

Instead, I want to share what I consider to be the most moving tribute to service men ever written.  I take this from Abraham Lincoln and his Gettysburg Address:

"But, in a larger sense, we can not dedicate-we can not consecrate-we can not hallow-this ground. The brave men, living and dead, who struggled here, have consecrated it, far above our poor power to add or detract. The world will little note, nor long remember what we say here, but it can never forget what they did here. It is for us the living, rather, to be dedicated here to the unfinished work which they who fought here have thus far so nobly advanced. It is rather for us to be here dedicated to the great task remaining before us-that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion-that we here highly resolve that these dead shall not have died in vain-that this nation, under God, shall have a new birth of freedom-and that government of the people, by the people, for the people shall not perish from the earth."

Amen

Veterans Day Salute
#Veterans

Monday, November 3, 2014

Indy Area Economic Briefing from the Chamber of Commerce

Indy Area Economic Briefing from the Chamber of Commerce

The Indy Chamber just put out their October 2014 Economic Briefing.  Since the Indy Metro area is the capital and central point of commerce for the state - it can paint a pretty good general picture.  Other market areas such as Bloomington, Lafayette, Columbus, Evansville can also provide specific data about their hyper-local economies through their own Chamber of Commerce.



Employment:
The Unemployment rate hit the lowest rate since September of 2007!  That translates to:
5.4% for Marion County (down 1.7% from prior year)
3.8% for Hamilton County (lowest in Metro area)
5.8% for Madison County (highest in Metro area)
4.8% for Metro Indy
5.7% for State
5.9% is the current National rate

Interactions Corporation (self-service solutions for customer service) announced plans to expand in Indianapolis by adding 1,000 new employees by 2014.

Skjodt-Barrett Foods is going to expands it's U.S. headquarters in Lebanon by adding 97 jobs by 2017.

Real Estate
Comparing 2013 to 2014
# of new listings up 8.4%
# of closed sales up 13.1%
Average sales price is up 2.9% to $172,319

All positive signs!

Commercial and Industrial vacancies are down

#Indy #Economy #ChamberofCommerce #MetroIndy

Indy Area Economic Briefing from the Chamber of Commerce

Wednesday, October 29, 2014

Living Downtown Indy

Hear from actual residents in #Downtown #Indy

Monday, October 27, 2014

Be Thankful for all there is to do in November!!

Be Thankful for all there is to do in #November!  The #craft fairs continue and of course plenty of opportunities to get a jump on your #Christmas shopping!  From #SouthBend to #Evansville - you can eat and shop your way into oblivion!


Name
Date
Days
Start Day
City
11/1/14
1
Sat
Fort Wayne, IN
11/1/14
1
Sat
Lafayette, IN
11/1/14
1
Sat
Greenwood, IN
11/1/14
1
Sat
Elkhart, IN
11/1/14
1
Sat
Indianapolis, IN
11/1/14
1
Sat
Indianapolis, IN
11/1/14
1
Sat
Greenfield, IN
11/5/14
11/9/14
5
Wed
Indianapolis, IN
11/7/14
11/8/14
2
Fri
Richmond, IN
11/8/14
1
Sat
Indianapolis, IN
11/8/14
1
Sat
Hobart, IN
11/8/14
1
Sat
Bloomington, IN
11/8/14
11/9/14
2
Sat
Danville, IN
11/8/14
11/9/14
2
Sat
Evansville, IN
11/14/14
11/15/14
2
Fri
Muncie, IN
11/14/14
11/16/14
3
Fri
Bloomington, IN
11/15/14
1
Sat
Hobart, IN
11/15/14
1
Sat
Plainfield, IN
11/15/14
1
Sat
Indianapolis, IN
11/15/14
11/16/14
2
Sat
Ferdinand, IN
Name
Date
Days
Start Day
City
11/15/14
1
Sat
Dyer, IN
11/15/14
1
Sat
Goshen, IN
11/15/14
1
Sat
Anderson, IN
11/15/14
1
Sat
South Bend, IN
11/16/14
1
Sun
Schererville, IN
11/21/14
11/23/14
3
Fri
Indianapolis, IN
11/21/14
11/22/14
2
Fri
Bloomington, IN
11/21/14
11/22/14
2
Fri
Noblesville, IN
11/22/14
11/23/14
2
Sat
Valparaiso, IN
11/22/14
1
Sat
Tipton, IN
11/22/14
11/23/14
2
Sat
Kokomo, IN
11/22/14
1
Sat
West Lafayette, IN
11/22/14
1
Sat
Noblesville, IN
11/22/14
1
Sat
Westfield, IN
11/22/14
1
Sat
Dyer, IN
11/22/14
1
Sat
Portage, IN
11/23/14
1
Sun
Evansville, IN
11/24/14
11/30/14
7
Mon
Lake Station, IN
11/28/14
11/30/14
3
Fri
Indianapolis, IN
11/28/14
12/14/14
17
Fri
Fort Wayne, IN
Name
Date
Days
Start Day
City
11/28/14
1
Fri
Danville, IN
11/29/14
11/30/14
2
Sat
Highland, IN
11/29/14
11/30/14
2
Sat
Portage, IN
11/29/14
1
Sat
Noblesville, IN

Be Thankful for all there is to do in November!