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Family Fun Awaits in Omaha

by Nancy Heim-berg

With an array of attractions that cater to every interest and age group, Omaha stands out as a beacon of fun, learning, and adventure. Let's embark on an extended journey through the city's family-friendly offerings.

The Heartland of America Park is a serene escape in the city's core, offering picturesque views, a stunning fountain, and boat rides that glide across the peaceful waters. It's a place where families can enjoy the beauty of nature while picnicking or simply relaxing under the shade of a tree.

The Omaha Children's Museum is a wonderland for curious minds. With exhibits like the Super Gravitron, a ball machine that teaches physics in the most playful way, and the Tinker Lab, where creativity and engineering collide, this museum is a hub of inspiration for the next generation of innovators.

The Durham Museum, housed in the beautifully restored Union Station, offers a glimpse into the past with its rich displays of history and culture. From the authentic train cars to the interactive exhibits, it's a place where history comes alive, and every family member becomes a time traveler.

The Joslyn Art Museum, with its impressive collection of art ranging from antiquity to the present, offers a feast for the eyes and the soul. The museum's Art Works space is a hands-on gallery where children can explore their artistic side, creating a bridge between art appreciation and artistic creation.

The Omaha Zoo and Aquarium, a world-class facility, invites families to explore the wonders of the animal kingdom. From the Desert Dome, the world's largest indoor desert, to the Lied Jungle, America's largest indoor rainforest, the zoo offers an immersive experience that educates and entertains.

The Strategic Air Command & Aerospace Museum captures the imagination with its impressive display of aircraft and space artifacts. It's a place where history meets the future, and families can learn about the role of aerospace defense in America's past and present.

The Bob Kerrey Pedestrian Bridge, affectionately known as "Bob," provides a unique walking experience as it stretches over the Missouri River. It's a spot where families can take in the views, snap memorable photos, and even stand in two states at once!

The Old Market area is a bustling neighborhood filled with cobblestone streets, unique shops, and restaurants that offer a taste of local flavor. It's a perfect spot for families to explore, dine, and find that perfect souvenir to commemorate their Omaha adventure.

The Gene Leahy Mall, currently undergoing a transformation, is set to become an even more inviting space for families. With plans for a performance pavilion, sculpture garden, and playgrounds, it's poised to be a central hub for outdoor fun and cultural events.

The Kountze Planetarium at the University of Nebraska Omaha provides a stellar experience as families gaze at the stars and learn about the cosmos. It's a place where the mysteries of the universe are within reach, sparking curiosity and wonder.

Omaha's family-friendly attractions are just the beginning. The city's calendar is full of festivals, concerts, and events that bring the community together. 

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If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

Types of Income That Do Not Qualify for a Home Loan

by Nancy Heim-berg

When applying for a home loan in Omaha, it's crucial to know which types of income lenders will consider in the qualification process. While lenders are generally inclusive of various income sources, there are specific types that they may exclude. Here's a look at the income types that are typically not factored into mortgage qualification.

1. Temporary or Irregular Income

Income that is not consistent or guaranteed to continue for at least two years is often not considered by lenders. This can include temporary work, contract positions that do not have a long-term commitment, or any sporadic income that cannot be verified as stable and ongoing.

2. Certain Types of Self-Employed Income

For self-employed individuals, income verification can be more stringent. If the income has not been reported on tax returns or lacks a two-year history, lenders may be hesitant to include it in the qualification calculations.

3. Unverifiable Cash Income

Cash income that isn't reported on tax returns or lacks documentation is typically excluded. Lenders need to verify income through tax documents, bank statements, and other financial records. Without this, cash income is not considered reliable.

4. Income from New Employment

If you've recently changed jobs or started a new career, there may be a probationary period before your income is considered stable enough to qualify. Lenders usually require a history of at least two years in the same job or field.

5. Rental Income from Investment Properties

While rental income can be included, there are restrictions. For instance, if the property was recently acquired or the rental history is too short, lenders may not consider this income. Additionally, expenses related to the property may reduce the net income considered for loan qualification.

6. Child Support and Alimony

These income sources may be included if they are expected to continue for at least three years. However, if the payments are due to end sooner, they will not be factored into the qualification process.

7. Income from Annuities or Trust Funds

Unless there is a long-term guarantee, income from annuities or trust funds may be excluded. Lenders look for income that is stable and expected to continue for the foreseeable future.

8. Foreign Income

Income earned outside of the country can be challenging to verify and may not meet the lender's criteria for stability and reliability.

9. Gambling Winnings
While it may be substantial, gambling income is considered too unpredictable and is generally not included in mortgage qualification.

10. Certain Types of Investment Income

Short-term investment income, such as capital gains from assets held for less than a year, may not be considered stable enough for mortgage qualification purposes.

It's important to consult with a mortgage professional to understand the specific requirements of lenders and how your income will be evaluated. Each lender may have different criteria, and staying informed will help you navigate the home loan application process with confidence.

Remember, while some income may not qualify you for a home loan, lenders are looking for stability and reliability in your income streams to ensure you can maintain your mortgage payments over time.

*Disclaimer: This information is for educational purposes only. Always consult with a licensed home loan professional for specific advice tailored to your unique circumstances.*

Ready for more homeowner tips? Remember to follow us on our Facebook page!

If you've decided to sell or buy this year...congratulations!  What an exciting time for you. We're here to assist you every step of the way. Call our family team of experts today and we'll get down to business crafting your plan for real estate buying and selling success! 

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Photo of Heim-Berg Team Real Estate
Heim-Berg Team
Berkshire Hathaway
331 Village Pointe Plaza
Omaha NE 68118
(402) 677-9024
(402) 679-7108 | (402) 830-6123
Fax: 402-493-4805

Stacey OHara CMG financial 515-306-2360

 

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