Blog :: 09-2011

Beautifully restored farmhouse on 11.47 Acres with breathtaking views of Lake Champlain and the Adirondacks. Original woodwork throughout and a

combination of Birch, Maple, Spruce and Pine floors all like new. Large Master bedroom with full bath, sitting/exercise room and huge walk in closet.

$2,450,000 1046 Ethan Allen Highway, Charlotte, VT  05445

 

House now sits on a new foundation after being moved and has been built to accommodate additional finished space in the walkout lower level. Full walk-up attic also allows for further development. The kitchen boasts granite counter tops and custom cabinetry along with the old Hoosier style cabinet and large walk in pantry. 15x25 Mahogany deck overlooks the pond and a backdrop of Lake and mountain views. The 40x120 foot barn has been substantially renovated and sits on a brand new foundation. CLA for details on uses and approvals. Barn siding on east & west sides will be replaced!

Saint Michael's Inducts Seven Member Hall Of Fame Class Of 2011

Jack Russell - Saint Michael's College Hall of Fame Class of 2011

 

COLCHESTER, Vt. - Six legendary former Saint Michael's College student-athletes, along with an influential director of athletics, were inducted into the Saint Michael's Athletics Hall of Fame on Friday, September 23, at the DoubleTree Hotel in South Burlington. The Class of 2011 includes: Shannon Bergin '05, arguably the greatest player in Saint Michael's women's tennis program history; Monroe Blakes '92, a men's basketball guard who scored 1,288 career points; Dr. A. Byron Lawrence HS '17, a three-sport athlete and long-time team physician and trustee; Marcella (Manion) O'Malley '84, a two-time women's soccer team captain; John "Jack" Russell '70, leading scorer and team captain in basketball;  Philip "Pinky" Ryan, the College's third lay Director of Athletics and coach of two sports; and Richard Saba '92, the top goal scorer in men's lacrosse program.

Jack Russell, is broker/owner of Century 21 Jack Associates. 

In honoring the greatest and most influential athletes in Saint Michael's history, the  College  recognizes those outstanding individuals who, through athletics, academics and citizenship, have contributed to the growth and betterment of Saint Michael's College.

 

Credit Scores Fact vs. Fiction: Part 1 of 2

FICTION: Inquiries from multiple mortgage lenders while shopping for a loan will lower my credit score.

FACT: Looking for a mortgage or auto loan may cause multiple lenders to request your credit report, even though you're only looking for one loan.  To compensate for this, the score ignores all mortgage and auto inquiries made in the 30 days prior to scoring.  If you find a loan within 30 days, the inquiries won't affect your score while you're rate shopping.  In addition, the score looks on your credit report for auto or mortgage inquiries older than 30 days.  If it finds some it counts all those inquiries that fall in a typical shopping period as just one inquiry when determining your score.

FICTION:   Paying old collection accounts will improve my credit score.

FACT:  In most cases, paying an old collection account will not increase your credit score.  It is more likely to decrease a customer's credit score because a collection is viewed the same, whether it is paid or unpaid.  The difference is the last activity date.  The older the date, the less impact it has on the current credit score.  If old and the collection is paid, the last activity date is updated and now the account is viewed as recent and will have a negative impact on the overall credit rating.  More weight is given to the recent accounts onthe report.

FICTION:   Credit scores can change only once per month or every 30 days.  

FACT:  Just the opposite is true.  Each creditor reports information to each credit bureau at different times of the month.  This will cause the information and potentially the credit scores to change on a daily basis.  For example.  American Express may report to Experian on the 1st of the month, Equifax on the 15th,  and Transunion on the 25th.  Thorough review of the credit report is needed to determine what caused the score to change from report to report.  (It usually is not the inquiries.)

For more information on credit scores or the mortgage process call Jonathan Rodd, Mortgage Advisor with Century 21 Mortgage.  CALL (802) 683-0812  jonathan.rodd@mortgagefamily.com

A plan to loosen refinance terms will help the housing market

As part of  the Obama Administrations jobs plan, President Obama broadly signaled his intent to help more American homeowners refinance their mortgages.

Obama said his administration will work with federal housing agencies to loosen refinance terms and enable more people to refinance at interest rates that are currently hovering around 4%.

"I know you guys must be for this, because that's a step that can put more than $2,000 a year in a family's pocket and give a lift to an economy still burdened by the drop in housing prices," Obama said.

White House officials are negotiating with Fannie Mae, Freddie Mac and their conservator, the Federal Housing Finance Agency, on ways to ease refinancing rules, Reuters reports, citing unnamed White House officials. One official said the administration hopes to "have progress in that area" over the next several weeks, Reuters reports.

Ahead of Obama's address, the nonpartisan Congressional Budget Office (CBO) released an analysis showing that a program that would broaden the refinance pool by 2.9 million borrowers would result in 111,000 fewer defaults. The downside, according to the CBO's unofficial estimates, is that such a plan would cause federal mortgage-backed securities investors to suffer fair-value losses of about $4.5 billion and non-federal investors to lose between $13 billion and $15 billion.

SBHS Celebrates 50 Years!

On September 13th, South Burlington High School celebrated the school's 50th anniversary.  

South Burlington High School has an enrollment of approximately 900 students in grades 9-12. The school offers accelerated and honors programs in English, social studies, mathematics, world language, technology and science. South Burlington High School is accredited by the New England Association of Schools and Colleges, Inc. and by the Vermont State Department of Education.  Approximately 75% of its students will continue their education following graduation. 

 Congratulations on 50 years of "Building A Proud Tradition."

Easter Seals Walk With Me Vermont - Saturday, October 1st

UVM Redstone Green

Registration: 10:00 a.m.

Walk Starts: 11:00 a.m.

A 2.5 mile family fun walk with food, games and entertainment.

The walk event raises funds to support Easter Seals services across the state to strengthen families and support children and adults with disabilities.  Every dollar raised stays in Vermont, helping Easter Seals provide services and support for your friends, family and neighbors. 

Join the Easter Seals walk and make a difference in the lives of families in Vermont.

Register today to start your own team, join a team or support someone walking.

To participate contact Kevin Mullen at 802-318-2594

CENTURY 21 JACK ASSOCIATES FEATURES HOMES SEEN ABOVE ALL OTHERS ON #1 REAL ESTATE SITE, REALTOR.COMŽ

CENTURY 21 Jack Associates offers the REALTOR.com® Featured Homes(TM) marketing system, for our clients, so that when potential home buyers search for homes in popular Vermont cities and towns, they will see our clients' properties prominently displayed first with color photographs. This high value, premium placement provides more exposure, which in turn creates increased demand and helps sell homes more quickly.

In making the investment in the Featured Homes(TM) marketing system, we want to ensure that the properties we market enjoy optimum shelf positioning online. What makes us different from other agencies is how we help differentiate our properties from the other homes they compete against. Our Featured Homes(TM) properties appear first on REALTOR.com in searches of Burlington, South Burlington, Milton, Vergennes, and Waterbury.

Featured Homes(TM) is just one of the many ways CENTURY 21 Jack Associates is leveraging recent trends of home buyer online behavior to our clients' benefit.