Tag Archives: Homeowners

Homearama Workshop Series

This weekend begins Louisville’s annual home showcase event, Homearama! This highly anticipated event includes tours of custom built homes that are fully furnished, decorated, landscaped and feature the latest in building trends, technology and interior design (via https://bialouisville.com/signature-events/homearama/homearama/).

This year, Homearama takes place July 15-30, 2017 at Poplar Woods. Stock Yards Bank & Trust is excited to sponsor daily workshops as part of the two week event. These workshops are free with Homearama admission and range from landscaping topics to mortgage financing options. There are several to choose from and each workshop last about 30 minutes.

Please join us!

Homearama Workshop Series:

Saturday, July 15 – 11 am: “Outdoor Living/Landscaping” – House 6
Grant Jones, Jones Landscape and Design

Saturday, July 15 – 4 pm: “Technology in the Home” – House 7
Jason Stevenson, Automated Living & Perry Lyons, P.L. Lyons Architectural Builders

Sunday, July 16 – 2 pm: “Green Egg Grilling Demonstration” – House 7
Jim Graven, Steepleton

Monday, July 17; Wednesday, July 19; Friday, July 21 – 7 pm: “Current Design Trends” – House 7
Cherry House Design Specialists

Tuesday, July 18; Thursday, July 20 – 7 pm: “Mortgage Financing Options” – House 7
Melinda Golde, Stock Yards Bank

Saturday, July 22 – 11 am: “Outdoor Living/Landscaping” – House 6
Jeff Wallitsch, Wallitsch Nursery & Garden Center

Saturday, July 22 – 4 pm: “Technology in the Home” – House 7
Jason Stevenson, Automated Living & Perry Lyons, P.L. Lyons Architectural Builders

Sunday, July 23 – 2 pm: “Brownsboro Hardware Outdoor Grilling Demonstration” – House 7
Brownsboro Hardware

Monday, July 24; Wednesday, July 26; Friday, July 28 – 7 pm: “Current Design Trends” – House 7
Cherry House Design Specialists

Tuesday, July 25; Thursday, July 27 – 7 pm: “Mortgage Financing Options” – House 7
Melinda Golde, Stock Yards Bank

Saturday, July 29 – 11 am: “Outdoor Living/Landscaping” – House 6
Grant Jones, Jones Landscape and Design

Saturday, July 29 – 4 pm: “Technology in the Home” – House 7
Jason Stevenson, Automated Living & Perry Lyons, P.L. Lyons Architectural Builders

Sunday, July 30 – 2 pm: “Brownsboro Hardware Outdoor Grilling Demonstration” – House 7
Brownsboro Hardware

Please visit the Homearama website for additional information.

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How to Buy Your First Place Like a Pro

So you want to buy your first home. Congratulations! Now, where to start? Melinda Golde from our Mortgage Banking Group was able to share some helpful tips for those looking to buy their first home.

Check Your Credit

Your credit score is one of the most important factors when purchasing a new home. It can affect the credit decision on the loan as well as the actual cost of the loan – the lower your credit score, the higher your interest rate may be. Your homeowner’s insurance premium can also be affected by your credit score Before applying, review your credit by accessing your information at annualcreditreport.com. Make sure there are no mistakes, unpaid or past-due accounts or collection accounts. If you have items on your credit report that need to be repaired, or you just have limited credit experience, you will need some time to work through and correct those issues – you should allow at least six months before shopping for a new home.

Organize Your Documents

As part of the home-buying process, your mortgage lender will require you to document your income and your assets. Make sure you have your two most recent pay stubs, the previous two years’ W-2s and tax returns, as well as your two most recent bank statements (all pages). Buying a home can be a long process, but having your documents organized can help.

Determine How Much Down Payment You Will Have

There are many loan programs available that do not require a down payment of 20% of the purchase price. Some programs require as little as 3% down with 0% down options available for rural properties or active and retired military personnel. You may even be eligible for down payment assistance. (A down payment less than 20% may require mortgage insurance that could affect the payment).

Review Your Cash Flow

Determine where your money is going each month and then compare that to how much you make (gross monthly pay). You may even go as far as tracking your spending for a couple of months. What kind of house payment are you comfortable with based on your current income and liabilities?

Get Expert Advice

A pre-approval is a valuable tool to have as you begin your search for your new home. At Stock Yards, there is no charge or upfront fee for this service. After you are pre-approved, work with a real estate agent that has knowledge of the area in which you’d like to purchase. Give the agent an idea of the type of home you are looking for and the amenities that are important to you, and they will do the leg-work.

Make sure to check out our website for more information regarding mortgage services. Just purchased your first place? What are some tips that we left off?