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home loans: Campaign Launched to Undo Down Payment Assistance Ban - 08/19/08 08:28 PM
Daily Real Estate News  |  August 19, 2008
Campaign Launched to Undo Down Payment Ban The Housing and Economic Recovery Act prohibits the Federal Housing Administration from insuring loans made with a seller-funded down payment. This essentially bans the practice since nearly all these loans are made with FHA-guaranteed financing. The ban takes effect Oct. 1, 2008.The Nehemiah Corp. of America, the nonprofit responsible for arranging thousands of these loans, has launched a campaign and Web site to persuade Congress to override this aspect of the housing bill. The site includes a countdown clock tracking the end of DPA to the second, a … (2 comments)

home loans: Top 15 Best States for Jobs - 02/19/08 11:45 AM
The real estate adage is location, location, location.
If you're looking for a job, you want to be in a state that has an unemployment rate lower than the national average, which is 5% according to teh most recent data from the Bureau of Labor Statistics (BLS).
Here are the 15 best states to find work ranked by their unemployment rates.
NEW MEXICO IS RATED #111. South DakotaUnemployment rate: 3 percent*Population: 796,214**Mean annual wage: $30,460Top industry: Trade, transportation and utilities (19.9 percent)***
2. IdahoUnemployment rate: 3 percentPopulation: 1,499,402Mean annual wage: $34,810Top industry: Trade, transportation and utilities (20.2 percent)
3. WyomingUnemployment rate: 3.1 percentPopulation: 522,830Mean annual … (1 comments)

home loans: Tax Free Wealth - 01/21/08 06:58 PM
At least 4 million Americans are wasting money by accelerating their mortgage payments instead of investing in retirement accounts, according to a paper published by the Federal Reserve Bank of Chicago.
The money you use to pay off your mortgage has been taxed, which means, depending on your tax bracket and your state tax hit, you have only about 60 to 70 cents to show for every buck your employer paid you. Better to divert that dollar into your 401(k), because the full 100 cents goes into the account.
Let's say you and your significant other bring home $200,000 a year in a … (9 comments)

 
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MELINDA POTCHER

Albuquerque, NM

More about me…

DIVINE MORTGAGE, LLC

Address: 9400 Holly Drive NE Bldg. 4 Suite A, Albuquerque, NM, 87122

Office Phone: (505) 821-7777

Cell Phone: (505) 259-6397

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