The federal tax credit for home buyers was extended and expanded late last year. Qualified first-time buyers may be eligible to receive a tax credit of up to $8,000 on homes purchased before April 30, 2010. Repeat buyers may be eligible for a tax credit of up to $6,500. So as you are probably starting [...]
I was wondering, with the $8,000 tax credit they are offering for first-time buyers currently, does it have to be a house that you live in, or could it be a house I would buy, and then rent out?
-Sam
Yes, the $8,000 home buyer tax credit is only available for the purchase of a home [...]
With the economy the way it has been in the past year, banks are less likely to give loans than they were previously, although the market is better now for buyers. Will buyers with less than perfect credit have opportunities to refinance their debt and be considered eligible for a home loan for first-time buyers?
The last thing we [...]
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Is there a scenario in which a first-time home buyer would prefer an adjustable rate mortgage over a standard or FHA loan?
The simple, short answer is yes. In my mind, ARMs are a wonderful cash flow tool to utilize in today’s world especially when homes are [...]
Existing home sales rose over ten percent in the month of October, reports the National Association of REALTORS® (NAR). Before the $8000 tax credit for first-time buyers had been extended, homebuyers who wanted to guarantee receipt of the tax credit, rushed to close on a new home before the November 1st deadline. The rush of first-time buyers combined [...]