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atlanta mortgage: Increase in Upfront Premiums for FHA Mortgage Insurance - 01/22/10 02:17 PM
ML 2010-02: Increase in Upfront Premiums for FHA Mortgage Insurance (01/21/10)
First-Time Homebuyer with HUD-Approved Pre-Purchase Counseling
The National Housing Act, as amended by the Housing and Economic Recovery Act in 2008, authorizes upfront premiums of up to 3.00 and authorizes premiums of up to 2.75 percent for first-time homebuyers who complete HUD-approved pre-purchase counseling. Since the upfront premium rate of 2.25 percent remains below the statutory cap, no variable rate for counseled first-time homebuyers is provided for under this Mortgagee Letter.
If you should have any questions concerning this Mortgagee Letter, call 1-800-CALLFHA. Persons with hearing or speech impairments may … (2 comments)

atlanta mortgage: Is anyone looking at me? - 12/09/09 04:36 AM
Do you have a website? STOP.  If not go and get one.  They are really cheap.  If you need one there is a really easy way to get one.  Go and get a bid from hundereds of developers at www.elance.com.  You will be amazed how many developers will work for next to nothing.
Once you have a website you need visitors right?
Well. Listen up Active Rainers here are a couple of fairly simple ways to give people a reason to interact and also make it easy for them to interact with your website. 1. A Reason: The rule of thumb … (6 comments)

atlanta mortgage: Will tax credit for ‘move-up' homebuyers spur you to act? - 11/05/09 06:09 AM
7:00 am November 5, 2009, by Craig Bland
Late Wednesday, the Senate voted 98-0 to extend the first-time homebuyer tax credit of $8,000 to April 30.
The Senate also took action to spur sales to "move-up" buyers, AJC reporter Bob Keefe writes.
Legislation, which still must be passed by the House, would provide a $6,500 tax credit for homebuyers, as long as they had been in their previous home for at least five years.
The tax credits would be limited to homebuyers who make $125,000 or less as an individual or $225,000 or less as a couple. The cost of the home … (8 comments)

atlanta mortgage: First time homebuyer tax credit - 10/30/09 06:15 AM
Those of you that have been waiting for an update on the first time homebuyer tax credit, and a possible extension, may be happy to hear that this is all but certain now.
http://www.bloomberg.com/apps/news?pid=20603037&sid=ai5ZNuz56Q4g
The senate will vote next week on the bill but it appears certain it will go through.
Great news for first time homebuyers is that the income limits have been increased from $75,000 to $125,000 for individuals and up to $225,000 for couples.  This will bring more buyers into the market that will be able to buy larger homes and boy have we needed that!
The other … (1 comments)

atlanta mortgage: Georgia Dream "Plus" - 09/21/09 02:42 PM
Atlanta, GA -
Today the Georgia Department of Community Affairs announced a new down payment assistance option to its Georgia Dream Homeownership Program. The Georgia Dream "Plus" option offers down payment and closing cost assistance for first time home buyers with incomes up to 100% of their Area Median Incomes (AMI).  Georgia Dream's down payment assistance options are normally restricted to borrowers whose incomes are at or below 80% AMI. This assistance comes in the form of a second mortgage loan, with a zero percent interest rate and requires no repayment until the home is sold, refinanced, or no longer used … (0 comments)

atlanta mortgage: $8000 tax credit. Can your parents co-sign and you still qualify? - 09/02/09 12:20 PM
One of the questions I am often asked as a mortgage advisor is "if my parents co-sign will I still be eligible for the $8000 First Time Homebuyers Tax credit?"
Well I have an answer - direct from the IRS's mouth!
Finally an answer to the question we get so often - Taxpayer A is a single first-time home buyer. Taxpayer B (parent) cosigns for A and does not qualify. Both names are on the mortgage. Can Taxpayer A claim the credit and, if so, how much?  
Hi, 
I researched your question concerning the First Time Homebuyers Tax Credit. I've included the … (6 comments)

atlanta mortgage: 95% Conventional Financing is Back - 08/27/09 12:10 PM
Wonderful News. 
95% conventional loans are back! 
Academy Mortgage can now offer a combo loan with a 80% first loan and a 15% second loan. 
 This is great news as it was very difficult to get mortgage insurance ob loans greater than 90%.
Call Craig Bland at 678-234-0545 for more details.
… (0 comments)

atlanta mortgage: "Talk to the Hand: The Utter Bloody Rudeness of Everyday Life" - 08/19/09 04:20 PM
"Manners are about showing consideration and using empathy. But they are also about being connected to a common good; they are about being better. Respect and consideration are traditionally due to people for all sorts of reasons, some big, some small. Here are 20 (most lapsed) reasons to show special politeness to other people: 1. They are older. 2. They know more than you do. 3. They know less than you do. 4. They got here first. 5. They have educational qualifications in the subject under discussion. 6. You are in their house. 7. They once helped you financially. 8. They … (1 comments)

atlanta mortgage: Possible Extension of the Home Buying Credit - 06/24/09 11:33 AM
Yesterday, USA Today reported that Congress is considering an extension of the first-time home-buyer credit due to expire this fall. Some in Congress are even proposing to raise the credit from $8,000 to $15,000 and apply it to anyone who buys a home.
It seems likely the credit will be extended beyond the fall as there are a few proposed House bills to do so. Each bill carries a different twist beyond merely extending the credit past the fall.
According to the article,  four separate proposals and ideas to continue to spur the housing market have emerged:
A Senate bill submitted … (0 comments)

 

Craig Bland

Lawrenceville, GA

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