The Woodlands Lifestyles & Homes February 2009
What’s All the Buzz About “Subprime” Lending?
First Community Bank
“Subprime” lending is not making loans below prime rate. “Subprime” refers to the quality of the borrower’s credit, and these loans usually carry the highest rates in the market as they
also carry the highest risk.
The buzz about subprime lending is centered on the mortgage industry. With the
strong economy lots of borrowers with lots of other debt were able to qualify
for mortgages, many with adjustable rates. Now the rates on these loans are
adjusting upward, increasing monthly payments to a level the borrowers cannot
meet.
There are good mortgage lenders and good bankers. The buzz about subprime
lending paints a dark picture of lenders, but there are many good lenders who
are happy to help qualified borrowers. When borrowing money, be sure you are
working with people of integrity and that you fully understand what you are
doing. And never, ever be afraid to ask questions.
21 Waterway, Suite 100; 281-364-7637.
Building Custom in The Woodlands
Woodlands Custom Homes
The best way to describe the custom home neighborhoods in The Woodlands is “indescribable.” The blending of the natural setting with these elegant homes must be discovered
to be truly appreciated. The Woodlands Custom Homes Center currently works with
27 of the most distinguished custom home builders. If you are interested in
building a custom in The Woodlands make your first stop The Woodlands Custom
Home Center.
For a complete list of current custom home inventory or for more information on
the custom home builders of the Woodlands, call or visit the Woodlands Custom
Homes Center.
3535 E. Panther Creek, The Woodlands; 281-367-4550.
The Woodlands Premier
Real Estate Company
Martha Turner Properties
The Woodlands
This magnificent Mediterranean-style home enjoys panoramic views of the
northeast and southwest shores of Benthaven Isle, and the Bentwater golf course
on the mainland. Custom built for the sellers, the home’s open spaces and soaring ceilings showcase enormous butted glass windows
affording commanding water views.
The Contemporary interior features bone porcelain tile floors, stainless steel
decorative accents and lavish use of rare fossil stone. Rooms are warmed by
Brazilian cherry floors, sleek cabinets and paneling, Diamond plaster walls,
designer wall papers, Italian glass chandeliers and extensive art lighting.
Listed exclusively with Martha Turner Properties. 281-367-7637
Woodforest Readies
for Spring Opening
Woodforest
Pre-grand opening activities are under way now in Woodforest, a new community by
The Johnson Development Corp.
Development staff now offices in the community Welcome Lodge, which opens to the
public this spring. Model-home construction has begun and the expansion of Fish
Creek Thoroughfare through Woodforest is complete, with the bridge and
remaining portion of the road scheduled to open in March.
Homes are priced from the low $200,000s to more than $1 million, and many
homesites border lakes, nature preserves and the 27-hole Woodforest Golf Club.
More than 700 acres will be dedicated to parks, open spaces and recreation
areas such as sports fields and an aquatics and tennis center.
Making the Most Out of Your Country Land
capital farm credit
Do you own or dream of owning a place in the country? If so, remember this—just as a kitchen remodel can raise the value of your home, so can simple
improvements increase the value of your rural land.
In real estate, there’s a saying that location is everything, but rural landowners should know that
their land’s value also may be influenced by improvements such as brush control, fencing,
ponds, sheds, barns, paved lanes or driveways, water wells, reseeded pastures
and enhanced wildlife habitat.
Capital Farm Credit, Texas’ largest rural lender, finances rural property enhancements like these, as well
as country home and land purchases.
For more information, contact the rural lending experts at Capital Farm Credit,
at 1-877-944-5500 or www.capitalfarmcredit.com.
Real Estate & Development
Fort Bend Publishing Group 2008
The Woodlands Lifestyles & Homes features homes, people and upscale lifestyles.
