Helping you into your new home
Starting in 2009, President Barack Obama’s stimulus package has offered generous benefits to first-time home buyers. The credit provided up to 10% of the home’s purchase price back as tax credit, with a hefty cap of $8,000. The qualifications for the credit were simple:
Posted on July 13th, 2010 by admin
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On June 23, a new round in the fight against foreclosure began for five states, including Arizona, California, Florida, Michigan, and Nevada. That was the day on which a $1.5 billion “Hardest Hit Fund” was approved for State Housing Finance Agencies in those areas.
Posted on July 13th, 2010 by admin
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The federal government will never charge you for information on how to help avoid foreclosure. However, there are scammers out there who will—and they could prove even more dangerous than that. If someone says they guarantee being able to “save” your home or grant you a lower mortgage for a fee, or if they claim [...]
Posted on July 13th, 2010 by admin
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There has never been a better time to look into purchasing your first home. After May showed a large decline in the sales of new and existing homes, legislators pushed forward a new bill that would extend the deadline for the tax credit from June 30 to September 30—a full three months extra. The bill [...]
Posted on July 13th, 2010 by admin
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Having enough cash on hand to qualify for a lower mortgage rate is an important consideration for buyers purchasing their first home. While some acquire money from relatives, even this does not provide access to all home loan programs. Another option is to use a mortgage assistance grant program, which offers cash money paid and [...]
Posted on July 13th, 2010 by admin
Filed under: Grants | Comments Off