3 Reasons You Might Not Get a Mortgage While real estate might be easy to find these days, getting a mortgage might not be so easy. Here are 3 reasons why you might find yourself unable to get that mortgage when you need it… Questions about mortgages that we can help with? Just use the […]
Tax-Credit Closing Deadlines Tough to Meet
Tax-Credit Closing Deadlines Tough to Meet For thousands of home buyers who scrambled to meet the April 30th federal tax-credit deadline for completed contracts, a new challenge is looming: Can they nail down their mortgage financing and get to closing before the program terminates? As a result of toughened underwriting standards, confusing new federal disclosure […]
1st Time Home Buyer and Home Seller Survey
1st Time Home Buyer and Home Seller Survey An recent independent survey of first-time home buyers and sellers revealed that more than 80 percent feel the current housing market is more affordable today than it was this time last year, despite the fact that 40 percent of all respondents are more worried about the economy […]
How to Claim the New Home Tax Credit
How to Claim the New Home Tax Credit If you benefited from the U.S. Homebuyers Tax Credit in 2009, and now want to apply it to your tax forms prior to April 15, here’s a handy step-by-step guide in doing so — easily and accurately. The primary takeaway from homebuyers who qualify for the tax […]
Why Rent When Home Prices Are So Low?
Why Rent When Home Prices Are So Low? Mortgage rates are at record lows. Home prices are at record lows, and the federal government is offering tax credits for purchasing a home. Why then should anyone rent? Home prices and mortgage rates have dropped so much that the cost to own and maintain a house […]
Tax Guidance for Repeat Home Buyers
Tax Guidance for Repeat Home Buyers If you’ve been holding off getting involved with the new $6,500 federal tax credit for repeat home buyers, there’s no more excuse for inaction. You now have all the official IRS guidance you’ll need to buy a house, qualify for the credit and pocket the $6,500. That’s because the […]
Repeat Home Buyers Need to Act Fast
Repeat Home Buyers Need to Act Fast We’ve written about this subject a couple of times before, but it bears repeating now. Repeat home buyers need to act fast to capitalize on the expanded tax credit. This past November, Congress elected to expand the home buyer tax credit to repeat buyers after seeing the success […]