The $7,500 tax credit for first time homebuyers was signed into law as part of the 2008 American Housing Rescue and Foreclosure Act. To qualify for this tax credit, you must close on your new house … [Read more...] about In Depth Look at the $7,500 tax credit
In Depth Look at the $7,500 tax credit
Fed takeover means lower rates
So the inevitable has finally happened. A few months back the government authorized themselves the power to take over Fannie Mae and Freddie Mac "should the need arise". Yesterday the government … [Read more...] about Fed takeover means lower rates
Florida Cash out Refinance
There are many factors that you should consider before doing a cash out refinance. Overall one typically cashes out to pay off other debts and consolidate them for monthly savings. Some people just … [Read more...] about Florida Cash out Refinance
$700B Bailout? NO? stimulus package
This is no bailout of Wall Street that we are dealing with. This is a bailout of our entire economy and possibly even the global economy. This credit crisis has reached critical mass in record time. … [Read more...] about $700B Bailout? NO? stimulus package
Is the current mortgage crisis a bad thing?
Is the current mortgage crisis a bad thing? Well yes in the larger scope of the national and world economies that had largely been built upon the skyrocketing home values and record mortgage … [Read more...] about Is the current mortgage crisis a bad thing?
Fed rate cut by .75% lowering mortgage rates to new record lows
The federal reserve recently cut the federal fund rate by another .75%. The federal reserve is expected to meet again next week and all signs point to them further cutting interest rates by another … [Read more...] about Fed rate cut by .75% lowering mortgage rates to new record lows