tax credits: Homebuyer Tax Credit Extension and Expansion into 2010! - 11/05/09 04:13 PM
Homebuyer Tax Credit has not only been extended, but it has also been expanded to include current homeowners.  The Senate and House of Representatives approved the bill and the President should sign the bill into law as soon as Friday, November 6, 2009.  The following are features of the new bill:
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tax credits: 2010 Homebuyer Tax Credit Extension - 11/05/09 03:38 PM
Homebuyer Tax Credit has not only been extended, but it has also been expanded to include current homeowners.  The Senate and House of Representatives approved the bill and the President should sign the bill into law as soon as Friday, November 6, 2009.  The following are features of the new bill:
(0 comments)

tax credits: Updated Home Buyer Tax Credit - $8,000 versus $15,000 - 02/16/09 09:18 AM
The following has been approved by Congress and is expected to be signed in Obama early this week.  While the majority of the $800 billion dollars will not stimulate the economy, this should have a direct impact on the housing economy and get things headed in the right direction.
FIRST-TIME HOMEBUYER … (3 comments)

tax credits: Common questions with the Housing Rescue Bill - 08/17/08 08:55 AM
As we know with every transaction, not every loan/purchase fits the mold.  So, every tax credit and question will not fit the mold. 
What if two buyers aren't married? 
Do I qualify for credit if I used a state bond in the transaction? 
If they purchase in 2009, can they file … (0 comments)

tax credits: Housing Rescue Bill - Its official! - 07/31/08 11:34 AM
President Bush signed the Housing "rescue" bill on July 30th.  Here's a brief recap:
Creates a voluntary program for lenders to write down the loan balance in exchange for an FHA guaranteed loan not to exceed 90 percent of the newly appraised value of the home. The lender would pay a … (0 comments)

tax credits: HR 5720 - Tax Credits for FTHBs and the loss of DPAs - 07/24/08 08:41 AM
If you haven't seen, here is the proposed bill.  It still needs to be signed off by Bush.  I believe they feel this 15 year loan will persuade folks to purchase their first home.  However, with the proposed loss of Ameridream, Nehemiah and Genesis, I suspect we will see less first … (3 comments)

 
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Bob Lowery

Perry Hall, MD

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Prosperity Mortgage

Address: 8712 Bel Air Rd, Baltimore, MD, 21236

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