The last few years have been tough ones for the real estate market, and especially for the banks who have watched as thousands of their home loans have gone into default, and homes into foreclosure. Because the lending market has become so tough, lending guidelines have already started changing, making it tougher for some people […]
Buying A Home? Consider The Costs Of Home Ownership First!
Owning a home can be a blessing or a curse. Truly, homeownership can lead to great wealth or great financial ruin. If you’re thinking about buying a house, consider these potential expenses before diving in. While you might already be paying for some of these things while renting, it is still important to have an […]
Home-Buyer Tax Credits Are Being Delayed Or Denied For Some Filers
Over the past year we’ve talked quite a bit the home-buyer tax credits that were available to both first time home-buyers, and more recently to existing homeowners looking to buy a new primary residence. The bill was originally passed in February 2009 as a part of the Obama stimulus package, and was extended at the […]
What Documentation Do I Need To Claim The First-Time Homebuyer Tax Credit
If you’re planning on claiming the First-Time Homebuyer Tax Credit on your 2009 tax return you’re going to have to provide some extra documentation when filing. Not sure what documents you’re required to include? The IRS has provided some guidance on the topic. Required Documentation For The Homebuyer Tax Credit The IRS includes these tips […]
Non Financial Considerations Of Selling Your Home: Should You Sell Your House?
As a reminder, this is the second post of a two post series helping you answer the question: Should you sell your house? The first post looked at the financial considerations of selling your house. I discussed costs in selling and buying, interest rates, whether or not selling will help you get out of […]
Financial Considerations Of Selling Your Home: Should You Sell Your House?
With the turn of the new year many people are considering selling their house and looking for a new one. They ask, “Should I sell my home, or is it the right time to sell?” Traditionally speaking, early in the year has been a good time to put your house on the market. After the […]
2 Compelling Reasons To Buy The Most Expensive House In Your Neighborhood
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 […]
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 […]
