Finance
Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
Here’s the latest on extension of the homebuyer tax credit: http://www.google.com/hostednews/ap/article/ALeqM5hJJraNRE6DjWj2orF7SYJ12PADEAD9BPFFR01
Senate voted yesterday, House votes today … I think it will pass. A few hightlights:
not just for first-time buyers
up to $6500 for current homeowners who have owned for 5 years
up to $8k for first-timers
primary residence up to $800k
income limitations
Stay tuned.
must be under contract by April [...]
Read Full Post | Make a Comment ( None so far )Seniors Tax Protest: Tax Appraised Value & Reverse Mortgages
Protesting tax appraisals can be a strategic move for the majority of homeowners.
Read Full Post | Make a Comment ( None so far )Time Flies Baby: $8k tax credit … you better get in the process now
That means you should be looking at property in September which tells me you should be talking with your favorite lender and fav Realtor now.
Read Full Post | Make a Comment ( None so far )2009 First-Time Homebuyer Tax Credit
The above chart includes the major modifications to the home-buyer tax credit effective 2009. There are more details and requirements for the credit that are not listed but can be found at http://www.irs.gov/newsroom/article/0,,id=187935,00.html or
http://www.federalhousingtaxcredit.com/2009/faq.php
My appraisal came in low/high. ..How lenders establish loan amounts when contract and appraisal don’t match up…
Most often the appraisal comes in at the sales price. But sometimes it doesn’t.
Read Full Post | Make a Comment ( None so far )FHA CONDO APPROVALS HALTED 10/01/2009 … New, existing and conversions all affected…
For years, as long as a condominium project was approved by HUD just once, that approval would last forever,
Read Full Post | Make a Comment ( 1 so far )What is Owner Financing?
Occasionally, we will have a buyer’s agent call us and ask if you (the seller on a particular property) are open to owner financing (called Contract for Deed).
Read Full Post | Make a Comment ( None so far )Why appraisals are an issue right now
austin real estate appraisal issues
Read Full Post | Make a Comment ( None so far )Their First Time: First Time home buyers, ya gotta love ‘em…
– from one of our favorite mortgage voices, David Reed, CD Reed Mortgage Bankers, Austin
What I Think This Week
March 12, 2009
I looked at this years’ closings so far and while I knew we had our fair share of first time home buyers I was certainly surprised to see that nearly 3 out of 4 [...]
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