Cashiers, Highlands, Glennville - Is the Fed going to Bail out the Real Estate Market

This is a special update courtesey of Jim Mullen, at Metro Citi Mortgage. This will make it the ideal time to purchase your secound home.... Come to the Cashiers, HIghlands, Glennville area and experience the beauty that is the Plateau..... 4.5% that would be nice!!!

SPECIAL UPDATE

Government officials have been under enormous pressure to help stabilize home prices and prevent foreclosures. At the same time, they don't want to appear to be using taxpayer money to bail out undeserving individuals and institutions. As Fed Chief Bernanke stated, the solution may involve a "full range of coordinated measures" aimed at different aspects of the problem.The government has already put many programs in place, and others are under discussion. The Fed and the Treasury have used billions of dollars to provide financial institutions with capital to make loans. Last week, they instituted a program to buy MBS to push mortgage rates lower. Yesterday, the Treasury announced that it is considering a plan which would offer below-market mortgage rates for some loans used to purchase homes. The program being discussed involves the Treasury investing in MBS guaranteed by Ginnie Mae, Fannie Mae, or Freddie Mac, which contain purchase money loans at a specified rate (4.5% was the initial proposal). The lower rates will not be available for refinancing loans. There has been no indication that these loans will have special underwriting or eligibility requirements.Keep in mind, the timing and the final form of this latest program is not known. As we have seen recently, most notably with the $700 billion TARP rescue plan, government programs can change significantly before their implementation. The incentive to execute such a plan is compelling, however. Lower mortgage rates make homes more affordable. As more people purchase homes, prices will stabilize more quickly and new home construction will pick up, giving the overall economy a much needed boost.See Live MBS prices and analysis at www.mbsquoteline.com (800-627-1077)

For information on how to become a member of the Highlands, cashier community call Mathew S. Kowal at O:828.743.7077 C:404.394.7144

For more information on the mortgage market contact Jim Mullen:

Jim MullenLoan Consultant 828 743-7073 Office Mountain Village Mortgage, 828 200-9168
Cella Division of Metrocities Mortgage, LLC 828 743-9830 Fax3065 Hwy 64 jmullen@metrocitiesmtg.com E mailSapphire, NC 28774

Building Christmas Tradition in Cashiers North Carolina

As Christmas approached last year I found myself without a tree... but from this dilema a tradition was started.... I found my way to the Tom Saweyer Tree Farm in Cashier North Carolina on the Highlands Cashiers Plateau and tradition was found. FOr an experience unlike anyother take your family to the Tom Sawyer Tree Farm this year for the finest in choos and cut trees, garland, and many other christmas needs. The smell of the hot cider, and friendly staff will be sure to provide you and your family an afternoon of fun, as you search for that perfect tree. I have attatched some additional information I found on the tree farms website, enjoy! The tree farm is open beggining November 22 from 9-5 and closed on Thanksgiving.

One of the special things about the Christmas holidays is tradition, events and customs that are handed down from generation to generation. It can be your favorite Aunt’s homemade apple pie she brings every Holiday, dad’s reading of The Night before Christmas after Christmas Eve dinner or even lighting the angel on top of your tree and remembering the true reason for the season.
It doesn’t matter if you are newlyweds sharing your first Christmas or a family with children, come visit our farm and let us help you start another family Christmas tradition; an annual trip to Tom Sawyer Christmas Tree Farms to find that perfect tree.
See the anticipation build as your children explore the farm full of excitement at what they will find. Share in their joy as they grab your hand to show you the ‘perfect tree’. Take in the memory and tuck it away in your heart as your family surrounds the tree that you have all agreed is the one!
It could be a cold and windy day when you visit Tom Sawyer Christmas Tree Farms but we’re sure the thrill of finding the right Christmas tree for your home will not only warm your body, but your heart as well.
At the most joyous time of the year, create a memory that will last a lifetime!

Tom Sawyer's Christmas Tree Farm is located in the beautiful mountains of western North Carolina, sixty miles south of Asheville and just twenty miles north of Franklin, North Carolina.
We have over eighty acres of farms dedicated to growing the finest Fraser Firs. Sizes of trees range from three feet to twelve feet in height so there is sure to be something for even the most discriminating Christmas tree lover.
The farm looks across Lake Glenville at 3800 feet elevation and is open come rain, shine or even snow. Our hours are from 9:00 am to 5:00 pm beginning the Saturday before Thanksgiving. We are closed on Thanksgiving Day.
We invite you to make this a wonderful family experience. Bring the kids. Bring the dog too! Don’t forget to pack a lunch and sit at one of our many picnic tables. Enjoy the view of the area with its ponds, barns and of course, a seemingly endless selection of Christmas trees just waiting to be discovered.
From our family to yours, may the peace and joy of the holiday season stay with you all year long.

So come on out and create lasting memories for you and your family to share for many years....

HOW TO GET THERE

From AtlantaTake I-85 North to I-985. I-985 turn into 441 North.Take 441 Through Dillard Georgia .Just past Dillard Take a right onto 106 at the Chevron towards Highlands .At the light in Highlands take a right and then a left at the first light onto 64 East.Go 10 miles to Cashiers and take a left at the light onto 107 north.(At the Exxon)Go 6 miles and turn left on Lakeside Circle Drive. There will be a Sign and is across from Happs Place Restaurant.Go about 1/2 mile and farm is on your right.

From CharlotteTake I-77 North to I-40.Take I-40 west towards Hickory .Go to Asheville and take I-26 East.Go to Exit 40 (Airport Exit) and turn right toward Brevard.Go to Brevard and take 64 West towards Cashiers.Go to Cashiers and take a right onto 107 North.Go 6 miles and turn left on Lakeside Circle Drive. There will be a Sign and is across from Happs Place Restaurant.Go about 1/2 mile and farm is on your right.

From AshevilleTake I-26 East. Go to Exit 40 (Airport Exit) and turn right toward Brevard.Go to Brevard and take 64 West towards Cashiers.Go to Cashiers and take a right onto 107 North.Go 6 miles and turn left on Lakeside Circle Drive. There will be a Sign and is across from Happs Place Restaurant.Go about 1/2 mile and farm is on your right.

From GreenvilleTake 123 towards Easley and Clemson. Stay on 123 to Seneca.In Seneca take a right on 28 towards Walhalla. Go through Walhalla to Mountain Rest.In Mountain Rest bear right onto 107 North.Take 107 North to Cashiers. At the intersection go straight 6 miles and turn left on Lakeside Circle Drive. There will be a Sign and is across from Happs Place Restaurant.Go about 1/2 mile and farm is on your right.

For more information on how to build your permentant mountain memories Contact Mathew S. Kowal with The Blue Ridge Summit Group at O:828.743.7077 or C:404.394.7144