As the classic holiday song says: “It’s the most wonderful time of the year.” Of course the lyrics refer to the holidays, but for many, tax refund season bring a whole different level of seasonal joy!
But before you use your tax refund to splurge on here-today-gone-tomorrow items, why not use that extra cash to buy yourself the best holiday gift ever? Invest in your future and create sustainable long-term wealth with the purchase of your first home, a new home or even a vacation home!
Here’s a few tips on how your tax refund can bring you closer to homeownership.
Saving for a Down Payment. The larger the deposit amount you put toward a new home, the less you will have to borrow and pay in interest over time.
Pay for Closing Costs. A homebuyer typically pays between about 2 percent and 5 percent of the home purchase price in closing fees. You can put your tax refund toward closing costs such as attorney fees, appraisal and inspection fees, and title insurance
Lower Your Interest Rate. You can pay discount points to buy down your mortgage interest rate. A “point” equals one percent of the loan. It’s essentially an upfront interest payment to lock in a lower interest rate on your fixed–rate mortgage.
According to Uri Vaknin, a partner at KRE Capital LLC, whose company, in partnership with Dune Real Estate Partners, purchased a collection of high-rise condominium communities in 2013 as DK Las Vegas including One Las Vegas and Juhl, “smart buyers want to buy now to take advantage of historically low-interest rates and prices that are still affordable, particularly in relation to home prices in California.”
But wait, maybe you thought financing a condominium was difficult. Not true when you purchase a new home at One Las Vegas or Juhl. Vaknin made it a priority to bring attainable mortgage financing to the Las Vegas condo market with Veterans Affairs-guaranteed mortgages and Fannie Mae PERS (Project Eligibility Review Service) approval in addition to traditional 15-and 30-year financing options.
So what financing programs are available at One Las Vegas and Juhl?
ONE LAS VEGAS
Located on south Las Vegas Blvd. this beautifully modern twin-tower 20-story condominium community is five miles from T-Mobile Arena and minutes from the NFL Raiders’ new home, Allegiant Stadium. Neighborhood shopping and dining at nearby Town Square, plus the excitement of the Las Vegas Strip, are moments awayOne Las Vegas has easy access to Interstate 15, the 215 Beltway and is just minutes from McCarran International Airport. And, in recent breaking news, the new Virgin Trains station for the high-speed train from LA to Vegas will be located near One Las Vegas. Condominium homes at One Las Vegas range from 1,305 to 2,857 square feet and are value-priced from the high $300s with many floorplans offering spectacular views of both the mountains and the Strip. The community is renowned for its resort-style lifestyle including pools, tennis courts, fitness center, massage and treatment rooms, event hall, sports lounge, movie theatre, co-op business center and more.
Financing: One Las Vegas offers buyers Veterans Affairs-guaranteed mortgages in addition to traditional 15- and 30-year financing options. It received approval from Fannie Mae to offer financing options: 3% down for first time home buyers; 5% down for primary; 10% down for secondary and 15% down for investment. One Las Vegas is only the second condominium community in Las Vegas since 2008 to obtain Fannie Mae PERS (Project Eligibility Review Service) final project approval.
Contact: For more information, call (702) 405-9020 or visit the One Las Vegas onsite sales center or online at www.theonelv.com. The sales center is open Monday through Friday, 10 a.m. to 6 p.m.; Saturday from 10 a.m. to 5 p.m.; and Sunday from noon to 5 p.m.
With a cool urban vibe, Juhl is the 344–residence, loft-style community known for its flexible floor plans and industrial chic design aesthetic in Downtown Las Vegas. With dozens of one-of-a-kind floor plans – from studios to two-story lofts and penthouses that range in size from 600 square feet to just under 2,000 square feet – Juhl homes are priced from the low $200,000s. Private balconies, 10-foot ceilings, energy efficient design and details, exposed concrete surfaces and mechanicals and upgraded fixtures and surfaces all combine to make Juhl an iconic urban condominium community. Juhl residents have access to onsite amenities and services that surpass resort-style living, including dedicated concierge, 24-hour security, monthly lifestyle events, two-story fitness center with Strip views, resort-style pool with cabanas, summer kitchens and grilling stations, Alfresco movie theater, a 10th-floor wine and viewing deck, electric car charging stations and much more! The Promenade at Juhl gives you direct access to shopping and dining right on the ground floor. Not far from Juhl is The Smith Center for the Performing Arts offering world-class entertainment and the vibrant 18b Arts District bustling with hip galleries and interesting meet-up places. Some of the city’s most popular restaurants and eateries are just around the corner, not to mention the city’s best nightlife spots.
Financing: Juhl offers buyers Veterans Affairs-guaranteed mortgages in addition to traditional 15- and 30-year financing options.
Contact: For more information or to arrange a private sales presentation of Juhl, visit www.juhllv.com or call 702-816-5466. The sales center is open Monday through Friday, 10 a.m. to 6 p.m.; Saturday from 10 a.m. to 5 p.m.; and Sunday from noon to 5 p.m.
Act now and you could be in your new home for the holidays. Don’t worry, Santa will find you!