Oct 21, 2013
So the Government is shutdown, now what? This is a common question being asked by many hopeful home owners. If you plan on getting a mortgage backed by Fannie Mae or Freddie Mac, then your income must be verified with the IRS first. According to the article Shutdown could slow mortgage lending, this could possess major complications and cause serious delays when it comes to securing a mortgage.
Fortunately, Fannie Mae and Freddie Mac have given banks the green light to relax the rules regarding the approval of mortgages, as mentioned in the article Fannie, Freddie ease lending crunch during shutdown. All borrowers still need to have their income verified but lenders are allowed to utilize others avenues for verification or they are able to wait to verify income until the shutdown has ended. Even with the ease up on the mortgage lending rules, some banks may decide that lending without verification is too risky and will wait until the shutdown has concluded before finalizing any mortgages.
Oct 13, 2013
Living in St. Louis is a truly rewarding experience, and the team of St. Louis residential real estate experts at Gladys Manion Real Estate can attest to this as members of the St. Louis community. With its many family-friendly and charming neighborhoods, among them Webster Groves, St. Louis is an ideal city for establishing roots in a luxury home. In addition to the tight-knit neighborhoods and beautiful homes, St. Louis also has a lively and fun events calendar.
The following is a snapshot of St. Louis events for October and November.
A new exhibition will be opening next week at the World Chess Hall of Fame called A Queen Within: Adorned Archetypes, Fashion and Class. The exhibition runs from October 19, 2013 – April 18, 2014. A fashion exhibit, A Queen Within explores the symbolic meaning of a queen in chess and in the world beyond the game. The exhibit will showcase the work of renowned fashion designers such as Alexander McQueen, Gucci, Jean Paul Gaultier, and many more.
Hosted by St. Louis Magazine, the Generation Now Launch Party will be held on Wednesday, October 23, 2013 from 7:00 pm – 10:00 pm at the Contemporary Art Museum St. Louis. The Launch Party is a celebration of the up-and-comers in St. Louis, the innovative entrepreneurs, imaginative artists and designers, and outstanding young leaders devoted to building a strong community. Enjoy a spread provided by Three Sixty, The Restaurant, Basso, and POPotions!, and live musical entertainment at this night of networking and connection. Tickets for the event are $25.
This year marks the eighth annual CUREiosity party for a cure event on November 1, 2013 from 7:00 pm – 9:30 pm with an after party running until 1:00 am. Proceeds for the CUREiosity party go to the Siteman Cancer Center and their many research initiatives. The event recognizes the “Rock Docs”, those St. Louis doctors and researchers whose work is dedicated to finding a cure. At this charitable event, party-goers can enjoy a DJ performance and cirque acts. Tickets for this year's CUREiosity party are $125. The CUREiosity party will be held at the Lumen Private Event Space in downtown St. Louis.
Another benefit, the Ollie Hinkle I Love Food & Wine Festival will be held on November 3, 2013 from 2:00 pm – 5:00 pm at The Cheshire. Proceeds benefit The Children's Heart Foundation, a non profit that funds congenital heart defect research. Meet other members of the community who are interested in supporting children's heart research, and enjoy food from Annie Gunn's, The Restaurant, Niche, Sidney Street Cafe, and more, with beverages provided by Perennial Artisan Ales, Civil Life, and Four Hands. Tickets for the Ollie Hinkle I Love Food & Wine Festival are $125.
Whether you and your family already live in St. Louis, or are considering a move, this events calendar is a clear indication that there is a lot to do in St. Louis, especially in regards to philanthropic engagements.
The premier St. Louis agency for fine homes, Gladys Manion invites you and your family to explore St. Louis neighborhoods and our luxury home listings. For more information about St. Louis residential real estate, contact Gladys Manion Real Estate at 314.721.4755.