Tag Archive | "new jersey"
1st Time Home Buyer Tax Credit Officially Extended
First time home buyers rejoice!!!! Congress has officially extended the deadline for the $8,000 first time home buyer tax credit to April 30, 2010. Under the extension, the deadline of April 30 refers to the contract date. This means that the 1st time buyer must have a sales contract on a house by April 30 2010 to be eligible, but he/she has an additional 60 days to close the purchase. This means that New Jersey first time home buyers have until June 30th, 2010 to close on their new homes to be eligible for the $8,000 first time buyer break – great news!!! Who is eligible for the $8,000 credit? First-time home buyers and those who have not owned a primary residence in the last three years prior to the purchase. Do income limits apply? Yes – and the income thresholds have increased from the last bill. The full amount of the credit is available to married couples who make up $250,000 per year (adjusted annual gross income) and single filers who make up to $125,000. See the official IRS website for more detail. ________________________________________________________________________________ FREE Home Buying Guide Reveals Insider Tips… Click Here To Get Your Copy Today! ________________________________________________________________________________ Please contact us at 201-943-6800 to schedule your FREE No-Obligation Consultation where we will meet to tailor a program to fit your needs and comfort level for monthly payments and investments.
Continue reading...New Jersey $8,000 First-time Home Buyer Tax Credit at a Glance
Tuesday, November 10, 2009
$8,000 First-time Home Buyer Tax Credit at a Glance *The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase
Continue reading...New Jersey FHA Mortgage Higher Loan Limits are Extended through 2010
Tuesday, November 3, 2009
Last week the U.S. Congress passed a congressional resolution extending the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. This extends the current conforming loan limits of $417,000 for most areas in the U.S.
Continue reading...FHA Jumbo Loans – Good for Bergen County and the Northen New Jersey Market
Saturday, October 31, 2009
Have you heard about FHA Jumbo Loans?
Continue reading...FHA Jumbo Loans – Good for Bergen County and the Northern New Jersey Market
Saturday, October 31, 2009
Have you heard about FHA Jumbo Loans? In 2008, the economic stimulus package was put into place. Part of the package was to offer FHA Government Insurance on higher loan limits than in the past. These larger FHA loans are known as FHA Jumbo Loans aka FHA Jumbo Home Mortgage Loan. FHA Jumbo Loans can be used to purchase or refinance a home in Bergen County and other high-cost areas in New Jersey.
Continue reading...New Jersey First Time Home Buyer Tax Credit
Friday, October 30, 2009
The $8,000 first-time homebuyer tax credit is set to be extended until April 30, 2010. The Obama Administration has urged Congress to pass legislation to extend the program from its original Dec
Continue reading...Time To Refinance Your Home In New Jersey?
Sunday, October 4, 2009
Is This a Good Time to Refinance Your Home in New Jersey with a New FHA or Conventional Mortgage? Obama says: YES! Here are some questions that you need to ask yourself before refinancing your conventional or FHA mortgage here in New Jersey: Do you have a high interest rate on your current mortgage? Do you have a FHA mortgage or a conventional mortgage
Continue reading...They took the Streamline out of the FHA Streamline Refinance – New Jersey
Saturday, October 3, 2009
The FHA is changing its FHA Streamline Refinance rules! Streamline, not so much!! Effective January 1, 2010, getting approved for the popular FHA-to-FHA refinance program will be much more difficult. Attached is a copy of the FHA Mortgagee Letter dated September 18, 2009. “ R evised Streamline Refinance Transactions “
Continue reading...Should You Own Your Home In New Jersey?
Wednesday, September 30, 2009
The American Dream Of Homeownership Isn’t Right For Everybody… Or Is It? Weighing the pluses and minuses of homeownership… Being a First Time Home Buyer can be one of life’s most exciting and yet one of the most challenging experiences you can go through. With the numerous loan programs available to consumers in New Jersey today, it is easier than ever to get into a house. However the question remains, “Should you own your own home or rent?” There are many benefits to owning a home in Northern New Jersey but there are also just as many tradeoffs. To help you decide if owning a home is right for you we have listed the pros and cons of buying versus renting. Equity One of the most common complaints among renters is the discouraging feeling that you are simply throwing your money down the drain. This is typically true for the homeowner who lives in a specific house for a long time. However building equity isn’t an automatic universal truth. In some cases the property values are too high to start with so the resell just won’t net you a profit, and in other cases the property values don’t increase at all
Continue reading...Top Ten Things To Know About A FHA Reverse Mortgage In New Jersey
Monday, July 13, 2009
FHA Reverse Mortgages are becoming more and more popular in New Jersey. The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program which enables you to withdraw some of the equity in your home. The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement social security, meet unexpected medical expenses, make home improvements, travel and much more. You can receive free information about reverse mortgages and get a FREE report called “Discover The Secrets of Reverse Mortgages!” by CLICKING HERE .
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Thursday, November 12, 2009
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