It’s Monday Morning!!!!

Ask the Experts:

Home Mortgage Specialist Cindy Behm from Silverstone Mortgage:

Question: Dear Cindy, I went for a mortgage to buy a house and the lender said I have to pay a point. What's that?

Answer: This is a great question. 1 point is 1% of the loan amount - On a $100,000 loan, the point would equal $1,000. 2 points would be 2% of the loan amount - therefore on a $100,000 loan 2 points would equal $2,000. The point(s) are a type of fee paid to the lender. There are two different kinds of points that can be charged to the borrower - Origination Point(s) and Discount Point(s). The first type of point is an Origination Point - Origination Points are charged to recover some costs of the loan origination process. The second type of point is a Discount Point - Discount Points are used to "buy" your interest rate lower. This is know as a rate "buydown". These points typically lower the interest rate for the term of the loan unless otherwise disclosed.

Home staging expert, Nan from First Impressions Staging and Design:

Question: Hi Nan! I have a large picture window in my living room? Any suggestions?

Answer: When you have a large picture window to work with do not put any furniture in front of the window as it gives depth to a room. Also, whenever possible do not put the back of living room furniture facing the door. You want to create a bright open area especially near the door.

Quote of the Week:

"Develop an attitude of gratitude, and give thanks for everything that happens to you, knowing that every step forward is a step toward achieving something bigger and better than your current situation." Brian Tracy

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Water Tower and Town of the Week: Winneconne

Winneconne is a village in Winnebago County, Wisconsin, United States. The population was 2,401 at the 2000 census. The village is located within the Town of Winneconne. The Wolf River runs through the village.

In 1967, as a result of the town name being inadvertently left off the official Wisconsin road map, a secret committee formulated a plan to secede fromWisconsin, set up toll gates on local roads, begin annexation o nearby communities (starting with the city of Oshkosh) to form a Sovereign State of Winneconne, and declare war on the United States. As an alternative plan, annexation by another state, preferably one with better weather, was sought. The deadline for secession was July 21, 1967. A proclamation was issued, naming village president "James Coughlin to be president of the new state of Winneconne; Vera Kitchen to be prime minister and custodian of Vera’s Kitchen Cabinet". Wisconsin Governor Warren P. Knowles entered into negotiations with the former village officials; as a result, Winneconne rejoined the State of Wisconsin at 12:01 AM on July 22, 1967. An annual Sovereign State Days celebration commemorates the event.

Photo of the Week:

Have a wonderful week everyone!

Laurel

Laurel Stone School of Real Estate