Our beautiful lake

I have heard many comments about the Dallas Arboretum and the Park department’s plans to park the Arboretum’s overflow on the grasslands at White Rock Lake. Opponents say that this will destroy the Black Land prarie and the native grasses, plants, and wildlife that live at Winfrey point. Proponents say that the plants in that area are not native and are primarily invasive species that do not deserve protection. They also say that the area has been parked on in the past so no harm is really being done. I say that if this area has been parked on in the past, it is time to stop that now. Even if the plants in the area are not native, parking on the fields will compact the soil and negatively effect the drainage and soil percolation. Plus the leaking oil and chemicals from the vehicles will polute the area. There are also many species of wildlife living in the area that will be killed. I know the Arboretum needs parking space. I also know that they should have planned for this in advance before they agreed to take on the Chihuly glass exhibit or built the massive Children’s gardens. Instead they have gone behind the neighborhood’s back and tried to sneak this through hoping the neighborhoods would not notice. I know they have plans to build multi-story parking on Garland road when they get the money. I think they should have built the parking with the money they used to build the Children’s garden so they would not have to invade the prairie land at the lake. Mayor Rawlings has stated that this is not a neighborhood issue, but a city wide issue and the Arboretum Disneyland needs to get what they want even if the citizens, flora and fauna in the area are negatively effected. My assumtion is that Mayor Rawlings does not live in the White Rock area.

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You will love living by beautiful relaxing White Rock Lake

With mortgage rates at an all time low and prices still affordable, I am seeing a major surge in home buying activity. Surprisingly many of the buyers are first timers in their 20′s and 30′s. Mortgage guidelines have stiffened, but you can still buy a home with decent credit and with FHA you can purchase for as little as 3.5% down.

Here is a list of things not to do while you are in the process of purchasing your home.

1. Don’t deposit cash into your bank accounts. Lenders need to source your money and cash is not traceable. Small deposits are fine, but getting $10k from your parents as a gift has to be handled in a specific way. Talk to your lender about this before making the large deposit.

2. Don’t make  large purchases like a new car or furniture. New debt creates new monthly obligations and can hurt your qualifying ratios for your loan. Wait until after your home purchase to take on new debt.

3. Don’t co-sign any loans for anyone. When you co-sign a loan you are obligated to pay that loan off if the original borrower does not, and the lender will count that payment against you as a debt.

4. Don’t change bank accounts. Remember, lenders need to source and track assets. That task is easier when there is a consistency of accounts. Even before you transfer money from one account to another, check with your lender.

5. Don’t apply for new credit. When you apply for new credit and have your credit checked by anyone, it will  affect your FICO score and may determine your interest rate or even your eligibility for approval.

6. Don’t close any credit accounts. Many borrowers erroneously believe that having less available credit makes them less risky and more approvable. Wrong. A major component of your score is your length and depth credit history (as opposed to just your payment history) and your total usage of credit as a percentage of available credit. Closing accounts has a negative impact on your score.

7. Don’t share your home inspection with your lender. After your home inspection you will probably negotiate repairs with the seller. The inspection is for your eyes only. If you share the inspection with the lender the underwriter may require that things be done on the inspection prior to closing that you have negotiated a separate solution with the seller on.

8. The lender is not personally picking on you.  When your lender asks for items and you provide them, later they are going to ask for more. And then later even more. It is not a personal vendetta against you. They do that to everyone.

9. 95% of the time it is better to use the lender your Realtor recommends. Your Realtor is not recommending a lender because they get any money from the lender. The reason they are recommending someone is because they have had a good experience with that company. Meaning they have competitive rates, excellent service, and close on time. There are many  mortgage companies that offer none of these and they do a lot of business,  because they offer teaser rates and closing costs that they don’t provide at closing. When you get close to your closing date, you have to take off work, hire movers, set up utilities, pack, change your address, and all the  other myriad of things you have to do to move, only to be told a week before closing that the lender will not be ready to fund the loan. That really sucks! I will be happy to provide you with a list of lenders who will treat you and your business with the respect you deserve. Call me at 214-676-4326 or email me at Michael.Schmitt@sbcglobal.net

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Little Forest Hills loses a wonderful man

April 17, 2012

Billy Fred Walker passed on to the next life on March 22, 2012 atthe age of 82 years young. He was such a sweet man and loved  by everyone in our neighborhood. Bill was famously known as the man whose house burned 9 years ago and with no insurance to re-build, his neighbors banded together [...]

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White Rock Market Center

December 10, 2011

I attended the White Rock Market centers last event ot the year today and bought some beautiful winter veggies from Good Earth Organic Farms in Celeste, Texas. I bought a large bunch of organic turnips and a large bunch of organic Kohlrabi. I have never tried Kohlrabi and the young man who sold them to [...]

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The Pochial Monkey comes to the Schmitt house!

December 6, 2011

My sweet wife Paula who gave me a wooden indian last year for my birthday gave me another very cool creative gift for my birthday this year. Our friend and local artist Bill Pochial has painted a series of monkeys in a circle to put in outdoor venues. I mounted mine on the porch of [...]

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KEEP WORKING ON YOUR PRODUCT!

October 19, 2011

In  over 30 years of marketing White Rock Lake real estate for sale I have seen 1,000′s of houses in various states of condition from one house that you could smell the cigarette smoke coming from inside the house when you were in the front yard and where inside there was animal feces and dirty clothes literally piled [...]

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WHITE ROCK LAKE ARTISTS’ STUDIO TOUR

October 15, 2011

On Saturday and Sunday October 15th and 16th between 10:00 am and 5:00 pm the 19th annual White Rock Lake Artists’ studio tour will be held with over 50 artists featured and 5 art schools and centers. Artists’ featured will be potters, sculptors, painters, mosaic artists, metal fusionists, paper art, and glass artists will all [...]

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Casa Linda Park National Night Out Against Crime October 4th

September 27, 2011

The fourth annual Little Forest Hills and Casa Linda Estates National Night Out Against Crime event is Tuesday, October 4, 6 to 8 pm at Casa Linda Park (San Saba and Old Gate Lane). National Night out is the night of the year to meet your neighbors and the local police officers who take care [...]

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HELP SAVE YOUR WHITE ROCK TREES!

August 23, 2011

We received the following information from our local “Citizen Forester”, Jim Floger: Your trees are very valuable, follow the simple directions below to help your trees to survive this extreme drought. Should I water my tree? Texas is in one of the worst droughts in state history. If you have a tree in your yard, [...]

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The Peninusula on the shores of White Rock lake

August 17, 2011

The Peninsula neighborhood is on the east side of White Rock lake. It is bounded by Buckner Blvd(Loop 12) on the east, Waterview drive on the North, Lake Highlands drive on the west, and Lake Highlands drive on the south. Lake Highlands drive also overlooks White Rock lake and has a gorgeous million dollar view [...]

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