Occasionally, because Bedico Creek Preserve is such a popular neighborhood on the northshore of Lake Pontchartrain in New Orleans, Louisiana, we will have newspaper, magazine, and online articles and blogs written about our master-planned community. We feature these articles in our Press Room area. Also, we sometimes create press releases for special news and events that are happening at Bedico Creek Preserve. You can find all of this information, plus make media inquiries all right here in our Press Room.
This play is live and will be in Mandeville.
Noises Off
30 by Ninety Theatre
880 Lafayette St.
Mandeville, LA 70448
March 5 – 20, 2022
8pm Fridays and Saturdays, 2:30pm Sundays
Adult – $19; Senior (65+) $17; Student (13+) $14; and Child (12 and under) $11 (+online fees, all)
There will be live jazz at this event in Slidell.
Bubbly On The Bayou
Patton’s Salmen-Fritchie House
3196 Terrace Ave.
Slidell, LA 70458
March 5, 2022
11am – 2pm
Tickets: $35 – $65
This is at The Hideaway Den & Arcade in Mandeville.
Open Mic Comedy
March 5 & 26, 2022
8:30pm
The Hideaway Den & Arcade
800 N. Causeway Blvd., Ste. 1D
Mandeville, LA 70448
This is a free event.
This is the second in its Northshore Classics series in Covington.
Mozart’s Prague Symphony
March 5, 2022
7:30pm – 10pm
Saint Paul’s School | Briggs Center
919 S Jefferson Ave
Covington, LA 70433
Price: $37, Adults, $10 Students & Children
This event is in The Southern Hotel in Covington.
Be Well, Stay Well Weekend
Southern Hotel
428 E. Boston St
Covington, LA 70433
March 3 & 4, 2022
Price: Starts at $900 per couple
Click Here for More Information
Whenever a buyer thinks about a downpayment twenty percent comes to mind. This is a common misunderstanding that homebuyers have to come up with twenty percent. According to Lending Tree over half of the people surveyed said that a down payment is the biggest deterrent to purchasing a home.
Freddie Mac states “The most damaging down payment myth—since it stops the homebuying process before it can start—is the belief that 20 percent is necessary.”
The Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) reports that the median down payment hasn’t been over twenty percent since 2005. The current average downpayment is twelve percent and even lower for first-time homebuyers at 7%.
There are benefits to putting 20 percent down on a new home. One of the best perks is not having to obtain Private Mortgage Insurance (PMI). PMI is insurance that protects your mortgage lender in case you do not make your mortgage payments. Even if you are unable to put twenty percent down, you can ask your lender to remove PMI once you have obtained twenty percent equity in your home.
There are even good benefits for those who can put over twenty percent down. The more money you put down, the better interest rate you can get. This is not wise to do if you might need the cash in the near future. A first-time homebuyer might also opt-out from doing this because you might run into unplanned repairs or updates.
Saving for a downpayment can take time for some and be stressful. Trying to save 20 percent or more might take some months, years, or even longer. Waiting to save this much might not be in your best interest because you might miss out on a good opportunity. As you save money home vales are going up and you will lose out.
Currently, the mortgage rates are at historic lows. There are several programs that are for homebuyers to purchase a home with no money down. There are also some programs that will accept as little as 3% down.
If you are considering purchasing a home, contact a local Realtor who can help you with the loan, downpayment and home buying process. Remember interest rates are low and you do not need a huge down payment to thrive as a new homeowner.
