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The owner of Mount Vernon Plaza, the Bush Companies of Williamsburg, Va., had received a federally insured $12 million loan financed through city-issued. (expiring next year), the 406-unit Columbia.
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A VA loan of $250,000 for 30 years at 3.125% interest and 3.449% APR will have a monthly payment of $1,071. Taxes and insurance not included; therefore, the actual payment obligation will be greater. 3 A VA Streamline loan of $250,000 for 15 years at 3.000% interest and 3.591% APR will have a monthly payment of $1,726.
An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
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The coalition hired the same consultant who helped Shaker Heights, Ohio, stay integrated. They offered home improvement loans in at-risk neighborhoods and aggressively marketed south Orange and nearby.
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Most recently he served as Regional President of Hamilton State Bank and then went on to become the Senior Loan Officer/SVP of the Private Bank. and now make their home in Williamsburg, VA after.
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