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Upgraded 4 Bedroom Home in Walton, KY...Just Listed

by The Mike Parker Team

Once you step inside this beautiful home, you'll immediatly want to call it home.  What's not to love about it.  It is gorgeous inside and out, and an amazing location as well.  Take a look for yourself....

 

 

Welcome home to 589 Mustang Dr. located in beautiful Walton, Kentucky. This immaculate home features four spacious bedrooms, three full bathrooms, one half bath, a formal dining room, a gourmet chef's kitchen, a partially finished lower level, a large first floor laundry, and much, much more.

Walk-in to stunning hardwood floors with a marble inlay. The rich hardwood floors continue on into the formal dining room where stunning tray ceilings, a lovely chandelier, columns, chair rail and crown molding are sure to impress those over for those wonderful home cooked dinner parties. Located just off the dining area sits the kitchen which is definitely sure to please the chef in your family. The kitchen boasts granite counter-tops, 42 inch Maple cabinets, a walk-in pantry, an extra deep sink, and center island with additional storage and electric. Appliances included with the kitchen are the gas oven, dishwasher, garbage disposal and the refrigerator. Entertain in style in the amazing living room complete with gas, stone fireplace - perfect for those chilly months out of the year. You'll also enjoy the all season sun-room with it's double walkout to the fantastic deck and backyard. The sun-room also features soaring cathedral ceilings and ceramic tile.

After a long day, you'll enjoy relaxing in the unbelievable master suite that is fit for royalty. This bedroom is located on the second floor and includes an adjoining full bathroom, spacious walk-in closet and plush wall to wall carpeting. You'll enjoy soaking the days worries away in the awesome jetted bathtub. A large walk-in separate shower, private restroom and double vanity sinks round out the master bath. Three additional guest bedrooms are also located on the second floor and share a full bathroom with shower/tub combination.

This home is located on a cul-de-sac street and sits on an amazing wooded lot loaded with professional landscaping and mature shade trees. You'll also enjoy the incredible Trex Deck that is stain resistant and has limited up-keep. For those extra sunny days, use your remote and bring out the Sunsetter Awning to keep cool. The deck is the prefect spot to relax as you enjoy your favorite drink and listen to the birds sing. Entertain family and friends underneath in the outdoor living area. This expansive area is super private and features a ceiling fan and superb views of the backyard.

Loaded with upgrades this home sits in the Boone County Public School system and is super convenient to shopping, places of worship, the expressway, the Boone County Public Library, area attractions, restaurants and much more. It includes a fenced backyard, ceiling fans, recessed lighting, a security system window treatments and much more. For your private tour of this simply stunning home, contact The Mike Parker Team/HUFF Realty today. 859-647-0700

FHA to Cost Borrowers More

by The Mike Parker Team

FHA has announced a major change to its loan program which allows borrowers to cancel the mortgage insurance premium (MIP) when their unpaid balance reaches 78% of the original purchase price. While no specific date has been set for the change, sometime in 2013, new FHA loans will require the mortgage insurance for the life of the loan.

 

At existing rates, the monthly MIP on a $168,875 mortgage is $178.99 per month. Under the current rule with normal amortization, the MIP would no longer be required in 9 years and 9 months. However, under the new rule, it would last for the entire 30 year term.

They also announced that the annual MIP will also be increased from 1.25% to 1.35% at some point in the near future. HUD, the parent agency for FHA, is making the changes to restore the capital reserves of the program that are needed to fund failed loans.

People that can close a FHA loan before the change takes place will fall under the old rules for canceling MIP and the lower rates. Since no date was announced, it is not known exactly when the changes will take effect.

While this information will probably not make the evening news, it will have a big impact on borrowers planning to use an FHA loan. Please pass it on to anyone you know who might be considering purchasing or refinancing with a FHA loan.

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Photo of Mike Parker - CRS Real Estate
Mike Parker - CRS
HUFF Realty
60 Cavalier Blvd.
Florence KY 41042
859-647-0700
859-486-3300