$8000 Cash Give Away

First we had the $7500 first time home buyer tax credit. It was really a loan and had to be paid back on your taxes over 10 years. What a nighmare. Now we have the $8000 tax credit. This is not a loan. This is unbelievable. It sounds too good to be true. But wait! It's not. It's legal and ethical and you will support your country by using the program. Heres how it works: Buy a house and receive $8000 cash back. It's that simple. Oh yeah there is a one page tax form you must file. One page! If you or your spouse have not purchased a home as a primaary residence in the last three years and your adjusted gross income is less than $150,000 you probably qualify. Even if you own investment property or a 2nd home you can claim the credit. You must close soon however to claim the credit. You must buy now before the program expires. Call us, call your accountant, find a Realtor. The time is now. There has never been a program that rewarded you so handsomely for purchasing a home. What are you waiting for? By the way, interest rates are as low as they have been since 1971.

Oconomowoc Mortgage Rates Drop

Mortgage rates dropped Wednesday and Thursday and the line to refinance is getting longer so you may want to get in line while the opportunity exists.

Oconomowoc Restaurants

Where to eat in downtown Oconomowoc? Try Fongs for Chinese, The Pub for Irish food, Golosi's for Italian, Spinnakers, Todd's Grill, Amelia's, Sweetie Pies, Whelan's, The Depot, Lakerz, That Coffee Place, JCs and many more. Shop Local. Eat local. There are many more restaurants on Wisconsin Avenue, Main street and elsewhere. Explore and find your favorite.

Recently there was a story in a local paper about Lemon Grass, a fine restaurant with healthy food choices, free Internet and micro-brews. Support them in this tough economy.

Rain, Rain Go Away

The rains came, not on little cat's feet, but more like a hose you could not turn off. Standing water was visible all over Oconomowoc. Calm winds accompanied the rains as did fog. Most of the snow was gone Sunday morning but that may change quickly as the mercury drops. Central and North Eastern Wisconsin should be shoveling soon according to the forecast. A Robin searched for worms yesterday in our yard, a sure sign of Spring.

FHA Loan Limits Higher Again

We now can originate FHA loans on 30 year fixed mortgages in Waukesha county on a single family owner occupied home up to $315,000. Higher loan limits are also available. A FHA mortgage can be used for a purchase or refinance.

Brennan's Market

Brennan's food market is coming to Oconomowoc. It is expected to open around Labor Day. Brennan's is known for their quality fruit, cheeses, wines and other items. Other Brennan's markets are in Madison, Brookfield and Monroe.

Plan To Help Homeowners

Up to 9 million homeowners could beneftit from a loan modification plan that may be in place for up to 5 years. Lenders would receive government subsidies to make the plan possible. What do you think of this?

Trees Axed

After cutting down 100s of trees at the intersection of I-94 and Sawyer Road to prepare for improved access to the proposed Pabst Farms the State of Wisconsin is now taking a wait and see approach to finishing any work at the intersection due to the uncertainty of the development. Now motorists have a better view of the Nemahbin Lakes but certainly neighbors must not be happy.

Obama To Address the Nation

President Obama is scheduled to speak on national television tonight and the Treasury secretary is scheduled to speak Tuesday and unveil a new program to aid the economy. Stay tuned.

Rider Hurt At Olympia

A 10-year old snowboarder fell off a chairlift and was injured at the Highlands of Olympia yesterday according to published reports. Flight for Life responded and transported the injured boy. This was the most serious accident in recent memory at Olympia. I was a ski instructor there for many years.