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I am in no way a political exspert or a financial guru, but it seems to me if the government really wanted to stimulate the economy why couldnt they just go across the boards and anyone with a mortgage that wanted to, give them a 30 or 40 yr fixed rate loan at or around 3 or 4%? This would… Read More »
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Despite the bad news that foreclosures continue at a pretty awful rate (342,000 in April alone), there is some good news: It is a very good time for first-time home buyers to buy a home. That is, if you go about buying a home the old-fashioned way--with a secure income and some money saved to put down on a mortgage. The low price of homes in the depreciated market is only one reason it is a good time for new home buyers. An $8,000 federal income tax credit is another.
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Under the stimulus bill, this one-time tax credit for home buyers who are buying their first home--or those who haven't owned a home in the past three years--does not have to be repaid, unlike similar tax credits in the past. So here's what you need to know about the tax credit because it doesn't apply in every situation: Read More »- Let’s talk: Comment (9) | Blog
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I am a single mom of 3 that is in Real Estate. Now is a great time to buy. I have a team together, that is called the Dream Team that can help with all of your Real Estate needs. Now is a great time for First Time Home Buyers. Get your $8000 credit before it expires.… Read More »
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The answer is a resounding yes -- it can
stop foreclosure. However, you have to be really brave, because
there will be rough waters ahead. The truth is, it's not really
difficult, but the process usually is. And chances are, you will
have to summon a lot of patience and willpower to push through… Read More »
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If you’re thinking that President Barack Obama’s housing plan affects just the people going through foreclosure, think again. It affects all of us.
Why? For one, the rising tide of…
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