With the recent extension of the homebuyers tax credit and expansion to include a current homeowner tax credit, there is probably going to be a lot of people in the market for a new house. These credits are yet another way people can benefit from economic weakness. If you are in the market for a new […]
$8000 First Time Homebuyer Tax Credit Extension: Take Advantage Of Incentives Through June 30th, 2010
The homebuyer tax credit closing deadline has been extended until September 30th, 2010 for those who were under contract by April 30th, 2010. Details here. If you’re a first time homebuyer and you thought that you might be out of time when it came to getting the $8000 refundable tax credit, think again! On Friday […]
$6500 Homebuyer Tax Credit For Current Homeowners Signed Into Law Today. Is It Retroactive?
Last week I wrote about how congress was attempting once again to pass an extension of the $8000 first time homebuyer tax credit. There had been several false starts to get an extension passed as the senate and congress weren’t able to agree on amounts of credits, whether to extend the credits at all, and […]
Senators Agree To Extend First Time Homebuyer Tax Credit And Allow Up To $6500 Tax Credit For Current Homeowners
For some time we’ve been talking about the first time homebuyers tax credit that was passed as a part of the 2009 Economic Stimulus Package. As we mentioned a short time ago, if you haven’t already put in a contract on a house and set up your closing for before November 30th, you most likely […]
Lawmakers Push For An Extension Of The $8000 First Time Homebuyers Tax Credit Into 2010 In Proposed Bill
Since earlier this year we’ve been talking a lot about the $8000 first time homebuyer tax credit that was passed as a part of the 2009 Economic Stimulus Package. The credit has been available for first time homebuyers since January 1st, and will continue to be available until November 30th. Now that the program is […]
First Time Homebuyer Tax Credit May Be Extended To All Homebuyers And Increased to $15,000 Through New Bill
The last few months have seen an increase in home sales to first time homebuyers, as well as a slight improvement in the real estate market as a whole. A lot of people feel that this is largely due to the first time homebuyer tax credit that the Obama administration passed earlier this year. The […]
My Experience With The Making Home Affordable Refinance Program: Part 2
A month or two ago I heard about the Obama Administration’s “Making Home Affordable” refinance program. At the time we had already tried to refinance our mortgage once in January or February, and had decided not to proceed because it would have meant that we would have to start paying PMI on our mortgage. With […]
Considering Refinancing Or Getting A New Home Loan? Here’s How To Read That Confusing HUD-1 Settlement Statement
Time To Refinance – For Real This Time For the past few months we’ve been looking into refinancing our mortgage. Our interest rate on our current mortgage is at 6.5%. Since mortgage rates have been hovering around the low to mid 5 percent range since the beginning of the year we knew we wanted to […]
Having A Hard Time With Your Refinance Or Loan Modification Under The Making Homes Affordable Program? Join The Club.
We’ve written several posts on this site in recent weeks about the Making Homes Affordable program. The program was originally intended to help stem the tide of foreclosures that we’re seeing right now, and to help our ailing real estate markets. The program aimed to do this by helping homeowners with high interest rates to […]
Making Home Affordable Refinance Program Eases Eligibility To Allow For Higher Maximum Loan-To-Value Ratio
For a while now we’ve been talking about the Obama administration’s Making Homes Affordable Refinance and Loan Modification program. We looked at who was eligible for the program, and what you needed to do in order to push through your own refinance or loan modification. According to the administration the plan was going to be […]
Don’t Buy A House Just Because People Say It’s A Good Time To Buy
Over the course of the last few months we’ve been talking quite a bit about incentives that the government is giving first time homebuyers in order to prod them into buying a home. First there was a $7500 loan that homebuyers could pay back over time. That wasn’t an amazing deal, since you had to […]
Will The First Time Homebuyer Tax Credit of $8,000 Be Expanded To Everyone And Increased To $15,000?
For a while now we’ve been talking about the $8,000 first time homebuyer tax credit that the Obama administration passed as a part of the 2009 Economic Stimulus package. Last week the program was expanded to allow homebuyers to use the tax credit as a down payment on FHA loans. Now there is buzz in […]
$8000 First Time Home Buyer Tax Credit Can Now Be Applied to FHA Down Payments
The article was written by Brandon Laughridge of Mortgage Loan Place, a writer for MLP’s Mortgage Loan Blog. If you enjoy this article, you cansubscribe to the MLP RSS Feed! The government is trying to re-energize the stagnant housing market, and that’s making FHA loans more attractive than ever. Headlines have pulsed this week with […]
My Experience With The Making Home Affordable Refinance Program: Part 1
Last month after reading up on the Obama Administration’s new “Making Home Affordable” refinance program, I decided to look into it for our household. We’re sitting on a 6.5% 30 year fixed rate mortgage right now, and we’d like very much to be able to refinance that loan into a lower APR. With rates this […]
