Louisville Magazine is Louisville's city magazine, covering Louisville people, lifestyles, politics, sports, restaurants, entertainment and homes. Includes a monthly calendar of events.
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FOUNTAINS STATUARY WIND CHIMES YARD ART GIFTS HOME DECOR PLANTS & MORE! Visit us at our new address! Eastgate Shopping Center 12621 Shelbyville Road, Suite 24B Louisville, KY 40243 SECRETGARDENSHOP.COM | SECRETGARDENLOUISVILLE | 502-245-4567 The Journey Home Begins with Stonecrof Homes Stonecroft strives on delivering their clients the best home-building experience with a team- centered approach. Their goal is to design and build homes that give life to the vision their clients describe at the frst meeting. Stonecroft combines time-honored craftsmanship with the best of today's building science to create stunning new homes with amazing custom kitchens and baths, mill work that includes custom mantles, wainscot paneling, built-in bookcases and window seats. As a former Homearama builder and designer, owner David Lutes has garnered Grand Awards for Favorite Builder and Favorite Interior Designer. David owns and manages Stonecroft Homes. Call to set up your meeting and begin your journey home with Stonecroft Homes, David Lutes, (502) 523-7041 Home equity lending has increased to its highest levels over the past two years as homeowners look to use equity they've built in their home while at the same time maintaining their low frst mortgage interest rates. After several years of historically low mortgage rates, most homeowners have locked into very good frst Republic Bank's Home Equity and No Down Payment Purchase Loans Perfect for Homeowners mortgage rates and now simply want to borrow small amounts of equity for home improvements, debt consolidation, purchasing a new car, etc. Home Equity loans typically have low to no closing costs and simplifed approval processes compared to frst mortgages. Some lenders, like Republic Bank, make the Home Equity loan even easier. Republic Bank recently streamlined the Home Equity process and currently offers a very low introductory rate for the frst year on some Home Equity loan products. The low intro rate* helps borrowers who may have immediate needs for very low payments the frst year. In addition to the increase in Home Equity lending, low to no down payment lending has also returned. In recent years Republic Bank introduced the No Down Payment Purchase loan**. "We saw many homeowners with little down payment to purchase a new home due to the downturn in the economy and decrease in value of their current home," explained Chris Steiner, Vice President, Manager of Mortgage Lending, Republic Bank. So, Republic Bank created the No Down Payment loan for these quality borrowers. "Republic Bank is always looking for innovative ways to make the lending process easy and we offer products homeowners are looking for in a bank," said Steiner. For more information about how Republic Bank can work for you, visit www. republicbank.com or call (502) 584-3600. *As of 04/15/16, Annual Percentage Rate (APR) is the highest Prime Rate (index) published in the "Monthly Rates" section of the Wall Street Journal on a monthly basis, but APR cannot decrease below foor rate of 3.50% (As of 04/15/16the Prime Rate is 3.50%). After 12 month introductory fxed rate, rate adjusts based on Prime Rate. Maximum 18% APR. Maximum loan amount is $250,000 and 90% CLTV. Your loan amount will be determined by your home value, available equity, and credit history. Minimum payment may not be suffcient to repay outstanding loan balance at the end of the draw period and may result in a single balloon payment. This loan may have a prepayment penalty; ask us for details. You must have opened or open your primary checking account to receive $0 standard closing costs. Your primary checking account must be maintained in active status for the term of the HELOC or a $500 fee may be assessed. Please ask us about the Promotional Closing Cost Program Participation Agreement for more details. $199 processing fee. $50 annual fee after frst year. This loan is not available for the purchase of a primary residence and no loan proceeds can be used to pay off any existing loan obligation with Republic Bank & Trust Company. Offer and rates subject to change. Loan subject to underwriting and approval. Additional restrictions apply. Limited time offer. Republic Bank & Trust Company Loan Originator ID # 402606 **As of 04/15/16, $100,000 seven-year Adjustable Rate Mortgage (ARM) loan, 5.149% Annual Percentage Rate (APR) with 84 payments of $549.11. After 84 Payments, loan rate adjusts yearly based on changes to the Prime Rate as published in the Wall Street Journal plus 0.50%. As of 04/15/2015. Prime Rate is 3.25%, therefore loan payment would adjust to 276 payments of $536.47. Maximum loan amount $417,000 and 100% Loan-to-value. Loan example does not include monthly taxes and insurance so your actual payment may be greater. Offer available for owner- occupied properties. Offer and rates subject to change. Loan subject to underwriting and approval. Additional restrictions apply. Limited time offer. Republic Bank & Trust Company Loan Originator ID #402606. Member FDIC. Equal Housing Lender. Chris Steiner, Vice President, Manager of Mortgage Lending, Republic Bank NMLS# 419194 Special Advertising Section