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home buyer loan: It's Working and Working Well!!! - 12/27/09 01:10 PM
You might ask, what is working and working well. I am speaking about the $8000 Home Buying Credit. A recent home buyer brought up the $8000 credit and told me that was the motivating factor for him and his wife purchasing a home. The termination date creates urgency and action. Low prices are motivating but not the cause of action. Many think they can time the market. Good Luck to them. People in the business think the lowest interest rates in 40 years should be creating urgency. It certainly makes people think but low rates is all many of these young … (2 comments)
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home buyer loan: Help Children Buy A Home? Loan, Gift or Partner? - 01/08/09 11:19 PM
As parents we all love our children and only want to help them. In the Bay Area parents almost have to help with a down payment. Do you give your children a gift or a loan? Is it better to be a co-borrower with them? Maybe be partners. If you help one child, you have to help the others. California is a community property state and that creates other issues. It is difficult to bring it up but more than half the marriages wind up in divorce and gifting child money to purchase a home is possibly giving your child's ex-spouse … (0 comments)
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home buyer loan: Housing Stimulus Package I don't Think So - 08/24/08 02:42 PM
Part of the recent Housing Stimulus package is a much publicized First Time Home Buyer Credit! It is not a credit. It is 15 year Interest FREE loan. Gotta take anything For Free. This applies to any home purchased between April 8, 2008 and July 1, 2009. How and why they picked those dates; don't ask me.
To qualify you must not have owned a home in the last 3 years. The credit is 10% of your home purchase up to $7500. (Half for married filing separately) It is applied to your 2008 federal income tax and if you don't owe … (2 comments)
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Lee Ginsburg
San Bruno,
CA
More about me…
Prudential Ca. Realty
Address: 180 El Camino Real, San Bruno, Ca, 94066
Office Phone: (650) 358-3959
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