Can 1st Time Home Buyers get more than the $8000 tax credit when buying a home? - 03/27/09 11:33 AM

Via Sheri Moritz (Real Living Realty Experts):
If you qualify for an MCC, you will be able to claim 20% of the interest you pay on your mortgage as a credit on your federal income taxes. You can save up to $2,000 per year on your federal taxes, money that can be put toward your mortgage payment. 
http://www.nchfa.com/Homebuyers/HBwhatweoffer.aspx#mcc
Now couldn't be a better time to buy in the Raleigh, NC area.  We have been honored with so many growth awards in the past few weeks.  Rates are at an all time low.  1st time home buyers have an incredible opportunity with the … (0 comments)

Is Raleigh Recession Proof? 3 Years in a row Raleigh is NATIONALLY the #1 Place for Business and Career and Durham ranks #3 - 03/27/09 11:33 AM

Via Sheri Moritz (Real Living Realty Experts):
Another great news story for the Raleigh area!  I have been saying that the news is acting like Chicken Little around here creating a fear that is not needed.  For the 3rd straight year Raleigh was rank the Best Place for Business and Careers and Durham ranked 3rd!  http://www.facebook.com/ext/share.php?sid=60810153950&h=NJdY2&u=iVATL&ref=nf
While this is great news it comes out on the heels of record unemployment rates in the state.
http://www.wral.com/news/local/story/4826610/  
 
We are very blessed in the Raleigh/Durham area to be in our own bubble.  Prices are holding relatively stable and we are picking up in number … (0 comments)

Housing Update from Congressman David Price - 03/24/09 01:42 PM

Via Sheri Moritz (Real Living Realty Experts):
Below is the email I got from congressman David Price on the new legislation that has been passed recently.  Instead of explaining it I thought I would just let you read it yourself and get the details...
Thank you for contacting me regarding efforts to stabilize the nation's housing markets and the foreclosure crisis.  I am pleased to hear from you.
Like you, I understand that the housing crisis has damaged the U.S. economy and left far too many families in desperate situations, and I am committed to working with the Obama Administration to restore … (0 comments)

USDA - NO MONEY DOWN! ZERO DOWN! 100% Home Loan Financing! - 03/24/09 11:20 AM
USDA Rural Home Loans has a MASSIVE advantage in today's Real Estate market.  We've all heard these terms...
NO MONEY DOWN! ZERO DOWN! 100% Home Loan Financing!
These options for financing a home are no longer available with conventional financing NOR through FHA home loan financing.  The best option for buying a home with No Money Down is with the USDA Rural Development Home Loan, which will fund up to 102% of the appraised value.
The USDA Rural Development Home Loan allows you to finance:
Full Purchase Price Closing Costs USDA Guaranty Fee Rehabilitation Costs Repair Costs Appliances How do you … (0 comments)

The Truth about No Closing Cost Loans - 03/24/09 11:11 AM
 A popular advertising hook used by mortgage lenders is the concept of a "no points" loan. Another variation of this type of loan is a "no cost" loan. Many people who begin the refinance transaction will say "I don't want to pay any points" as an immediate reaction when talking to a mortgage originator. Their defense mechanism that makes them feel in control of the process and isn't going to get ripped off. In fact, sometimes it makes sense to pay points - sometimes it doesn't. Today we'll look at the no cost-type loans and give you the inside scoop on … (0 comments)

FIRST-TIME HOMEBUYER TAX CREDIT - 03/24/09 10:41 AM
 

 
  

FIRST-TIME HOMEBUYER TAX CREDIT
Frequently Asked Questions
  
 
In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale. For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.
 
Tax Credits -- The Basics
 
1. What's this new homebuyer tax incentive for 2009?
 
The … (0 comments)

$8,000 Home Buyer Tax Credit at a Glance - 03/05/09 07:53 AM
$8,000 Home Buyer Tax Credit at a Glance
The tax credit is for first-time home buyers only. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.  
… (0 comments)

 
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Melissa Schwartz

Duraleigh, NC

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