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Tax Credit Expiration and Even More Important Dates for Home Buyers in Montgomery County, Pennsylvania!
As most of you know, all buyers must have a fully executed agreement of sale on a property by April 30, 2010 and close by June 30,2010 to be eligible for either of the tax credits. These dates are extremely important but there are a few other pending changes that are creating an even greater sense of urgency for people looking to buy homes right now.
Continue reading...Less Than 60 Days Left Before $8,000 Tax Credit Expires For Spokane, Washington Home Buyers
6. March 2010
The temporary $8,000 home buyer tax credit offered to people purchasing a new residence is set to expire on April 30. The program applies to both first time home buyers and to individuals who have resided in their home for at least 5 of the last 8 years. To qualify for the program you must purchase
Continue reading...FHA UFMIP Increase Coming – Buy Eugene/Springfield Now!
5. March 2010
FHA's Up Front Mortgage Insurance Premium (UFMIP) for purchases and refinances in the Eugene/Springfield Oregon area will increase the current 1.75% to 2.25% on case numbers assigned after April 5. On a $200,000 loan FHA Mortgage Loan in Lane County, this is an additional $1,000 cost. Beating this deadline on a purchase will also qualify you for the First Time Home Buyer Tax Credit if eligible.
Continue reading...Oregon Senior Reverse Mortgage – Top 5 Reasons
4. March 2010
An FHA HECM Reverse Mortgage can be an excellent choice for Senior Citizens in Oregon. According to a 4 year old survey by AARP, the top five reasons are:
Continue reading...Minnesota Veterans Passing Mortgage Windfall
3. March 2010
We hope Minnesota veterans seeking to refinance or purchase a home with a VA Loan that the headline "Borrowers Pass Up Mortgage Windfall"...is inaccurate.
Continue reading...$8,000 first-time home buyer tax credit available in Rhode Island, but time is running out!
2. March 2010
First-time home buyers looking to purchase a home in Rhode Island, are eligible for up to 10% of the home’s purchase price, up to the maximum $8,000 tax credit just for buying a home. The latest stimulus package signed by President Obama makes these credits available to first-time home buyers on homes purchased between January 1,
Continue reading...Portland Properties Available at Half Price for Good Neighbor Next Door
27. February 2010
An excellent path to a super deal on a home in Portland is the FHA Good Neighbor Next Door (GNND) purchase program for law enforcement, teachers and emergency personnel. The GNND program allows these buyers to get a home at half price if they live in it for at least three years as their principal residence. Right now there are four such properties on the website in Portland, including this one:
Continue reading...Phoenix Area Grand Opening of Mortgage Office
27. February 2010
A Tucson mortgage company is expanding into the Phoenix area and has a set of great loan officers that they are hiring.
Continue reading...USDA Direct and Guaranteed Rural Home Loans
27. February 2010
USDA Rural Home Loans are extremely popular loans in suburban Lane County Oregon in towns like Creswell, Cottage Grove, Junction City and Oakridge. Primarily because it allows home buyers in qualifying areas to purchase a home with absolutely zero down payment and without the added expense of monthly mortgage insurance
Continue reading...Joint Applications when you split up in Eugene/Springfield OR
26. February 2010
This site gets questions about mortgage items and I answer the ones that I feel are the most interesting to me and hopefully to others. This one has to with a jointly held mortgage when the people are no longer joint. This can happen anywhere, not just in the Eugene/Springfield Oregon are.
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10. March 2010
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