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Tag: Approved

Plan for homes, limited business approved near Huntsville and Crossover roads in Fayetteville

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FAYETTEVILLE — Planning Commissioners voiced displeasure over, but approved, a plan for homes and one lot with commercial use facing Huntsville Road west of Crossover Road.

The commission voted 7-0 Monday to approve the plan for 11 single-family lots on the north side of Huntsville Road. One additional lot abutting the street will feature some type of commercial use. A road would split up the middle of the nearly 2-acre site.

Commissioners in May approved rezoning the land, and the City Council subsequently approved, to a community services zone. The city’s community services zone allows single-family up to four-unit dwellings, as well as multifamily and accessory dwellings and cluster housing. Commercial uses include eating places, neighborhood shopping, gas stations or drive-through restaurants, offices and home occupations.

Several commissioners expressed disappointment at a lack of variety of housing types presented in the plan. Commissioner Matt Hoffman described the request as a

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Just Approved: Cheap money to access from home equity

Mortgage adviser: Liz Bayer, ProMortgage.

Property type: Single-family home in Berkeley.

Appraised value: $1.215 million.

Loan amount: $449,000.

Loan type: 30-year fixed.

Rate: 2.625%.

APR: 2.841%.

Backstory: I have a number of clients taking advantage of historically low rates and historically high home equity to get a cash out refinance. Past clients of mine had decided that they plan to live out their days in their home but wanted to tap into their equity to make home improvements to provide features that will benefit them as they age.

What was great is that even though they had a good rate from a previous transaction, it made all the sense in the world for them to refinance rather their mortgage taking out more than $100,000 with a new rate — which was lower than the one they had, even though this was a cashout refinance.

Although they did have a lot

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Braille Energy Systems Inc. Awarded U.S. General Services Administration (GSA) Schedule to Officially Become Approved Federal Contractor

The MarketWatch News Department was not involved in the creation of this content.

OTTAWA, Sep 14, 2020 (GLOBE NEWSWIRE via COMTEX) —
OTTAWA, Sept. 14, 2020 (GLOBE NEWSWIRE) — Braille Energy Systems Inc. (formerly Mincom Capital Inc.) (TSX-V: BES) (“BESI” or the “Company”), announced today that it has received U.S. General Services Administration (GSA) approval under the Federal Government’s Multiple Award Schedule (MAS) for Industrial Products and Services (MAS Category 335911: Batteries Includes, but not limited to, batteries, chargers, monitoring systems, battery spill containment systems, and all options, parts, and accessories related to these products. Products can be used for rental, emergency, or disaster recovery efforts). Accordingly, BESI is now recognized by the GSA as an approved federal contractor for industrial products and services.

The GSA serves as the acquisition and procurement arm of the federal government, helping public agencies at the federal, state, and local levels access products and

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Just Approved: COVID-19 era underwriting makes qualification troublesome for self-employed, contractors

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Loan officer: John Holmgren, Holmgren & Associates/Finance of America Mortgage.

Property type: Single-family home in Mission Viejo.

Home value: $675,000.

Loan type: 30-year fixed rate loan.

Loan amount: $485,000.

Rate: 3.125% with no points.

The pandemic has caused the mortgage agencies, Fannie Mae and Freddie Mac, to adopt additional underwriting requirements for borrowers who do not have stable, traditional employment. Specifically, these borrowers are required to prove that their income has continued despite the limitations in face-to-face contact resulting from government-mandated shelter in place rules.


In this case my client, a southern California dentist with a long-standing practice, wanted to refinance his home loan to take advantage of historic low interest rates. Normally his qualification would have been based on an evaluation of his net cash flow from the last two

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