Highland Park, simply put, is the epitome of residential, luxury living. This upscale community provides its residents with a respite from the hustle and bustle of the city, yet is just a few miles north of downtown Dallas. Set high atop elevated land, with a gorgeous view of the city, Highland Park has become a nationally renowned city of wealth and affluence.
Real estate in this area does come at a hefty price, for good reason. As one-half of the Park Cities area of Dallas (the other being University Park), this affluent community boasts picturesque surroundings, an excellent school system, meticulously kept parks and of course, a prime location for convenient commuting to the Dallas/Fort Worth metropolitan area.
Perhaps the easy, ten-minute drive to the city is what keeps Highland Park real estate in such high demand. Or perhaps it’s the stunning homes that are found here. This area offers a wide array of real estate, from condominiums and townhomes to palatial estate properties and newly built luxury homes. Condominiums and townhomes can range in price from the mid $200,000s to $1 million, while single family homes can start in the high $600,000s. Estate properties and new, luxury homes typically start in the mid-$800,000s and can easily exceed $12 million.
One thing’s for sure when it comes to real estate in Highland Park – it’s red hot and doesn’t look like it’s going to cool off any time soon.
Highland Park by the Numbers
Approximately 9,000 residents call Highland Park home. This area was ranked #60 by Worth Magazine’s list of the 250 richest towns in Texas in 2001. Highland Park is the 41st wealthiest city in the United States and the 19th wealthiest city with a population of over 1,000. Highland Park is also the 4th wealthiest area in Texas, by per capita income. As of the 2000 census, Highland Park had a median household income of $149,389 and a median family income of $200,000. A home in Highland Park will cost you about $370 per square foot, which is a jump of 10 percent from just a year ago.
Highland Park’s Picturesque Surroundings
The Park Cities area boasts more than 25 parks. In fact, Highland Park got its name because the original plans for the community detailed that 20 percent of the land would be reserved for parks. Lakeside Park is a particularly splendid site, with 14 acres of lush surroundings and thoughtfully landscaped grounds.
Highland Park offers its residents some of the most picturesque parks in the country, as well as recreation centers and hiking, biking and horseback riding trails. Highland Park Village, also known as “America’s First Shopping Center,” indulges its residents with over 80 shops, restaurants, offices and a movie theater.
Highland Park is located in central Dallas County, at State Highway 289 and U.S. Route 75. Located just four miles north of downtown Dallas, this town is bordered on the south, east and west by Dallas and on the north by University Park.
Highland Park Real Estate – Residential Living at Its Finest
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Looking For A Second Mortgage Loan?
A second mortgage loan is a subsequent loan and subordinate to the earlier mortgage. In other words, a second mortgage loan is used as collateral pledged for the first loan.
Length of Second Mortgage Loans
Second mortgage loans have varying lengths with which they are eventually paid off. Some second mortgage loans may last for as long as 15 or 20 years. Other second mortgage loans only require one year for repayment.
When you’re thinking of taking on a second mortgage loan, you will need to know what term best suits you. Discuss the repayment terms of the second mortgage loan with your bank or lending company. For instance, you get a second mortgage loan worth $20,000 to make some home repairs. With this amount, you might want to take on a second mortgage loan that will allow you to repay the entire amount in one or two years. If you pay a second mortgage loan that has a shorter term, the monthly payments may be too high.
Payment Calculations for Second Mortgage Loans
Before taking on second mortgage loan, be sure that you understand a couple of things first. Know how much your monthly payments will be for that second mortgage loan. Moreover, it is also helpful if you also have an idea as to where those second mortgage loan payments will cover.
Some second mortgage loans require you to make monthly payments on both interest and principal. Other second mortgage loans only require you to pay the interest of the borrowed amount.
The former type of second mortgage loans will allow you to significantly shorten your payoff period since with each payment you make, you are also chipping away at the principal. With the interest-only second mortgage loan however you will be required to pay back the entire amount that you borrowed as soon as the term ends. This type of second mortgage loan is also called balloon payment loans.
Second Mortgage Loan Costs
Fees may be charged by some lending companies for the money you borrow on second mortgage loans. The fees, referred to as “points,” are usually a percentage of the second mortgage loan. One point on your second mortgage loan is equivalent to one percent of the amount you borrow.
So, if you were to get a second mortgage loan of $10,000 with an eight-point fee, then you would have to pay $800 in “points.” Second mortgage loan companies may charge you in varying number of points so if it might be helpful if you do a comparison first.
Second Mortgage Loan Rates
Second mortgage loans have different payments plans. Most second mortgage loans have a fixed rate payment included in their payment plans. If you have a fixed rate second mortgage loan, the interest rate will be set for the whole loan term. This means that your monthly payments for your second mortgage loan will not be affected by any outside changes.
Some companies also offer second mortgage loans with variable rate payments. These variable rate second mortgage loans periodically experience rate adjustments. A variable rate second mortgage loan might be cheaper than a fixed rate payment in the long run. But this is only provided if the interest rates of second mortgage loans go down. If interest rates rise, then your monthly payments for your second mortgage loan will rise as well.
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Travelling To Costa Blanca, Spain
To have an even better vacation, knowing something about the area where you are planning to go for your vacation will help a lot. When you study more about what time of year to go to your favorite resort area can help you to get the most out of your trip. Discovering more about the culture and history will help you to find out more things to see and do. Once you are planning a vacation it is necessary to do everything you can to learn about your destination so you will be able to take full advantage while you are on your trip. As a trip takes time and money you want to have the best time imaginable.
If you have decided to visit Costa Blanca, Spain then you have found a brilliant resort area. You have either talked with trustworthy friends or read reviews on the unnumerable admirations that Costa Blanca has to offer, and have determined that this was a spot not to be left out on your next vacation. You will be able to delight nature and relax in picturesque surroundings. So just open up your map of the Iberian Peninsula and discover Spain and Portugal. You will find Alicante near the Mediterranean Sea, if you follow your finger down the coast to the south you can find the small town of Pilar del Honradada. After this you can look towards Torrevieja and find Benidorm, Altea, Calpe, Moraira, Javea, and Denia to get a broad panorama of Costa Blanca.
Now as you have an idea of the different towns in Costa Blanca you can start with your holiday planning. Most tourists prefer Costa Blanca during the summer, just this will need advanced booking as it is such a favorite time of the year for travelling. If you are travelling inside Europe you are certainly to discover a great deal on one of the several discount airlines. If you are travelling from England then you can unquestionably get a great deal all year round. You will be able to choose either Alicante or Valencia as destination airport, giving you a lot of alternatives in terms of flights. There is a lot of transportation to and from these airports available for anywhere you want to go, so you don’t need to worry about getting around to any of the villas on Costa Blanca. You might want to take a bus or train to explore the region in a cheaper way, but also you will be able to use a Costa Blanca car rental to discover the area with its picturesque sceneries even better on your own time table.
