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Homebuyer Tax Credit Extension and Expansion into 2010!

Bob Lowery (Prosperity Mortgage) — Thu, 05 Nov 2009 16:13:37 -0600

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:

Deadline for current credit is November 30, 2009.
Deadline for new and improved credit is April 30, 2010, as long as the home is under contract by that date; deal must close within 60 days.
Eligibility and amount of new credit:
$8,000 for first-time homebuyers (those who have not owned a home in the last three years).
Up to $6,500 credit for homeowners who have lived in the home they are selling, or have sold, as a principal residence for five consecutive years in the past eight.
Buyers with income exceeding $125,000 for single and $225,000 for married couples are not eligible.
Homes valued at more than $800,000 are also ineligible.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com. I am available seven days a week.

Confidential applications can also be completed on our secure website at https://www.homeloans.com/bob-lowery

Thanks,

Bob Lowery

Home Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYnkx.7jfyXE&pos=8

2010 Homebuyer Tax Credit Extension

Bob Lowery (Prosperity Mortgage) — Thu, 05 Nov 2009 15:38:12 -0600

Deadline for current credit is November 30, 2009.
Deadline for new and improved credit is April 30, 2010, as long as the home is under contract by that date; deal must close within 60 days.
Eligibility and amount of new credit:
$8,000 for first-time homebuyers (those who have not owned a home in the last three years).
Up to $6,500 credit for homeowners who have lived in the home they are selling, or have sold, as a principal residence for five consecutive years in the past eight.
Buyers with income exceeding $125,000 for single and $225,000 for married couples are not eligible.
Homes valued at more than $800,000 are also ineligible.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com. I am available seven days a week.

Confidential applications can also be completed on our secure website at https://www.homeloans.com/bob-lowery

Thanks,

Bob Lowery

Home Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Free First Time Home Buyer Workshop - Baltimore County - October 14, 2009

Bob Lowery (Prosperity Mortgage) — Sun, 27 Sep 2009 16:25:17 -0500

Free First Time Home Buyer Workshop - Baltimore - October 14, 2009

October 14, 2009 at 6:30PM

7939 Honeygo Blvd., #127

Baltimore, MD 21236

Seating is limited, so please RSVP by calling or emailing:

Bob Lowery, Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

· FREE Home Buyer's Guide

· FREE credit analysis

· $8,000 tax credit information plus $500 lender credit for all contracts dated 9/26/2009 and closed by 11/30/2009

· Down Payment and Closing Cost Assistance Available

I am available seven days a week.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

First Time Home Buyer's Tax Credit - Maryland - Baltimore

Bob Lowery (Prosperity Mortgage) — Tue, 22 Sep 2009 18:04:13 -0500

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com. I am available seven days a week.

Confidential applications can also be completed on our secure website at https://www.homeloans.com/bob-lowery

Thanks,

Bob Lowery

Home Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/09-32ml.doc

Major changes to FHA Streamline Refinancing

Bob Lowery (Prosperity Mortgage) — Sun, 20 Sep 2009 11:56:01 -0500

Effective 60 days from September 18th, there will be some major changes to FHA streamlines. The major changes affecting FHA homeowners with refinancing are:

Seasoning - this means all home owners must have owned their home for six months before they can refinance.
Payment history
- If home owned less than 12 months, 0x30 on mortgage history for last 12 months.
- If home owned more than 12 months, 1x30 within the last 12 months is allowed.
Lender must verify assets if borrower is bringing money to settlement table.
Lender must verify employment.
You will no longer be able to roll closing costs into the loan without an appraisal.

In addition to this, many lenders have put credit overlays on top of the FHA guidelines requiring 580, 600 and even 620 scores. Here is the link to the mortgage letter from HUD.

While I realize FHA and FHA lender have to tighten up just like everyone else, why is FHA tightening up on their consumer base that they have already insured? Doesn't it help to try and refinance as many of their current portfolio as possible to lower rates and payments?

I absolutely understand tightening up on purchases and "cash out" refinances, but tightening up on streamline refinances, doesn't make too much sense to me. If we are lucky, FHA will retract this new guideline before it actually goes into effect.

Freddie Mac Home Affordability Program HARP Refinance - Maryland

Bob Lowery (Prosperity Mortgage) — Thu, 06 Aug 2009 15:44:38 -0500

Rates have been low the past 8 months. However, many homeowners were not able to refinance because their credit had fallen behind and/or they lost equity in their home and could not refinance.

Congress and President Obama passed the stimulus package earlier this year to try and help 2,000,000 homeowners refinance to current market rates in the spring of last year. Lenders added the program in May, 2009 and have added enhancements to help more people qualify. This programs is scheduled to expire June 10, 2010.

If your loan is owned by Freddie Mac, you must refinance with your current lender. It is a streamline refinance program where the borrower does not have the equity to refinance, may have credit issues, and/or need potential relief from standard mortgage insurance.

Under current guidelines, lenders can refinance up to 105% of the current market value of your home and an appraisal may not be required.

Your loan must be owned by Freddie Mac. There are two easy ways to verify if Freddie Mac owns your mortgage...

Visit their website at https://ww3.freddiemac.com/corporate/
Contact mortgage company

Here are some of the major highlights as of 7/22/09 and may differ per lender:

No mimimum credit score, so deliquent credit is permitted.
No mortgage lates of 30 days or greater in the last 12 months is permitted.
Primary, second home, and investment properties.
All Property types permitted except manufactured homes.
Closing costs, pre-paids, and escrows up to $2,500 may be financed in with the new loan.
There are no restriction on financing properties for sale.
Present mortgage can not have mortgage insurance (PMI) or lender paid mortgage insurance (LPMI).
Appraisal may not be required.
No cash out refinances permitted (up to $250 allowed)
Maximum Loan Amount will depend on your county. Click here to see the limit for your county https://entp.hud.gov/idapp/html/hicostlook.cfm

There are currently plans to increase the LTV limits to 125% of the market value and to permit the refinance of loans that currently have (PMI) private mortgage insurance or (LPMI) lender paid insurance.

If you have any questions or would like to see if you qualify for a HARP streamline refinance, please feel free to contact me.

Bob Lowery

Office: 410-248-1762

Cell: 443-653-1720

Feel Free to visit www.marylandhomeloansonline.com to get pre-approved on line.

Fannie Mae Home Affordability Program HARP Refinance - Maryland

Bob Lowery (Prosperity Mortgage) — Wed, 22 Jul 2009 18:08:43 -0500

Rates have been low the past 8 months. However, many homeowners were not able to refinance because their credit had fallen behind and/or they lost equity in their home and could not refinance.

If your loan is owned by Fannie Mae, you can refinance with your current lender or any lender. It is a streamline refinance program where the borrower does not have the equity to refinance, may have credit issues, and/or need potential relief from standard mortgage insurance.

Under current guidelines, lenders can refinance up to 105% of the current market value of your home and an appraisal may not be required.

Your loan must be owned by Fannie Mae. There are two easy ways to verify if Fannie Mae owns your mortgage...

Visit their website at www.fanniemae.com/loanlookup
Contact fannie mae at 1-800-7FANNIE

Here are some of the major highlights as of 7/22/09 and may differ per lender:

No mimimum credit score, so deliquent credit is permitted.
No mortgage lates of 30 days or greater in the last 12 months is permitted. Some programs and criteria permit 30 day lates, but no 60 day lates.
Primary, second home, and investment properties.
All Property types permitted except manufactured homes.
Closing costs, pre-paids, and escrows may be financed in with the new loan.
There are no restriction on financing properties for sale.
Present mortgage can not have mortgage insurance (PMI) or lender paid mortgage insurance (LPMI).
Appraisal may not be required.
Maximum Loan Amount will depend on your county. Click here to see the limit for your county https://entp.hud.gov/idapp/html/hicostlook.cfm

If you have any questions or would like to see if you qualify for a HARP streamline refinance, please feel free to contact me.

Bob Lowery

Office: 410-248-1762

Cell: 443-653-1720

Feel Free to visit www.marylandhomeloansonline.com to get pre-approved on line.

Do I have sufficient credit to obtain a FHA loan? Can I use a co-borrower?

Bob Lowery (Prosperity Mortgage) — Fri, 05 Jun 2009 14:38:08 -0500

Many still have questions in this lending environment. While guidelines on credit have tightened, there is still plenty of money to be lent. Many lenders, including mine, have increased minimum credit scores to obtain a FHA loan up to 600. This does not mean you need perfect credit, but you do have to have sufficient credit and show the willingness and ability to repay debt.

In order of importance, underwriters look at:

Mortgage history/rental history
Automobile loans
Credit cards

With FHA loans, sufficient credit means you must have three open lines of credit with a satisfactory credit rating for 12 months. Satisfactory does not mean perfect. If you do not have sufficient credit, there are a couple routes that may help you qualify. These options include using alternative credit and/or non-occupant co-borrowers. These will not help if you have bad credit, but it will help if you have limited or insufficient credit.

The first route is alternative credit. If you do not have enough traditional credit on your credit report, we can use alternative tradelines including rental history, cell phone, car insurance, utility bills, telephone bills, etc.... If your history is satisfactory, we can use these if they are paid on time.

Another route is non-occupant co-borrowers. Non-occupant co-borrowers can be family members and they do not have to reside in the home you are purchasing or refinancing. Loans with non-occupant co-borrowers are also known as "kiddie condo" loans. The co-borrower's income, assets, liabilities and credit history are considered to determine credit worthiness.

And, no matter what your circumstances are, FHA permits home buyers to purchase a home with as little as 3.5% down payment. This money can come from a gift from a family member or close friend. They will also refinance homes up to 97.75% of your home current market value.

If you have any questions or would like to see if you qualify to purchase a home or refinance your current home, please feel free to contact me.

Bob Lowery

Office: 410-248-1762

Cell: 443-653-1720

Feel Free to visit www.marylandhomeloansonline.com to sign up for rate monitoring or to get pre-approved on line.

VA Streamline Refinance - IRRRL - Do You qualify? Baltimore, Harford, Anne Arundel, Carroll, Cecil and Howard County

Bob Lowery (Prosperity Mortgage) — Sun, 05 Apr 2009 16:02:51 -0500

IRRRL stands for Interest Rate Reduction Refinancing Loan. Except when refinancing an existing VA guaranteed adjustable rate mortgage (ARM) to a fixed rate, it must result in a lower interest rate. When refinancing from an existing VA ARM loan to a fixed rate, the interest rate may increase.

No appraisal, income, or credit underwriting is required by VA.

A certificate of eligibility is not required. Your lender may use an e-mail confirmation procedure for interest rate reduction refinance in lieu of a certificate of eligibility.

An IRRRL may be done with "no money out of pocket" by including all costs in the new loan. (Remember: The interest rate on the new loan must be lower than the rate on the old loan unless you refinance an ARM to a fixed rate mortgage).

You do not have to go to the lender you make your payments to now or to the lender from whom you originally obtained your VA Loan.

You must NOT receive any cash from the loan proceeds.

An IRRRL can be done only if you have already used your eligibility for a VA loan on the property you intend to refinance. It must be a VA to VA refinance, and it will reuse the entitlement you originally used. You may have used your entitlement by obtaining a VA loan when you bought your house, or by substituting your eligibility for that of the seller, if you assumed the loan.

The occupancy requirement for an IRRRL is different from other VA loans. When you originally got your VA loan, you certified that you occupied or intended to occupy the home. For an IRRRL you need only certify that you previously occupied it.

The loan may not exceed the sum of the outstanding balance on the existing VA loan, plus allowable fees and closing costs, including funding fee (.5% of the loan) and up to 2 discount points.

No loan other than the existing VA loan may be paid from the proceeds of an IRRRL. If you have a second mortgage, the holder must agree to subordinate that lien so that your new VA loan will be a first mortgage.

If you have any questions or would like to see if you qualify for a streamline refinance, please feel free to contact me.

Bob Lowery

Office: 410-248-1762

Cell: 443-653-1720

Feel Free to visit www.marylandhomeloansonline.com to sign up for rate monitoring or to get pre-approved on line.

FHA Streamline Refinance - Is it really that easy? Do I qualify? Baltimore, Harford, Anne Arundel, Carroll, Cecil and Howard County

Bob Lowery (Prosperity Mortgage) — Wed, 01 Apr 2009 11:18:10 -0500

"Streamline" is not a program or product. It refers to the amount of documentation and underwriting that needs to be performed by the lender. You may do a FHA streamline with your current lender or a any lender for that matter. You do not have to go through your current lender. FHA has permitted streamline refinances since the early 1980's.

The basic requirements of a streamline refinance are:

The current mortgage must already be a FHA loan.
The mortgage to be refinanced should be current (not delinquent).
The refinance is to result in a lowering of the borrower's monthly principal and interest payments.
No cash may be taken out using the streamline refinance process (up to $500 is permitted).

What don't you need on a streamline refinance?:

There is no income verification.
There is no verification of assets.
There does not need to be an appraisal
There is no need for the lender to pull credit. However, mortgage history will need to be verified.

Many lenders will pull your credit to verify mortgage history. For my company, If the mortgage is not serviced by Wells Fargo, Prosperity permits 2x30 and 1x60 on the mortgage history within the last 12 months. If serviced by Wells Fargo, the current loan need only be current.

Many loan officers confuse their company's guidelines for FHA guidelines. There is no minimum credit score for FHA streamlines.

Lenders may offer the several ways to streamline. Some lenders offer "no cost" refinances by charging a higher interest rate on the new loan than if the borrower financed or paid closing costs in cash. From this premium, the lender pays any closing costs that are incurred on the transaction.

Lenders may offer streamline refinances and include the closing costs into the new mortgage amount. This can only be done if there is sufficient equity in the property. This is known as a "streamline refinance with an appraisal". You can refinance 97.75% of the appraised value.

Streamline refinances can also be done without appraisals, but the new loan amount cannot exceed the original loan amount. Closing costs, prepaid expenses, and Upfront Mortgage Insurance may be included in the loan up to the original loan amount. Borrowers may bring the balance that is unable to be financed to settlement and it does not need to be verified. There is no maximum LTV on "streamline without appraisals".

Prosperity will perform streamline finances on FHA loans up to $417,000. If the FHA loan is greater than $417,000, the streamline process is not available.

If you have any questions or would like to see if you qualify for a streamline refinance, please feel free to contact me.

Bob Lowery

Office: 410-248-1762

Cell: 443-653-1720

Feel Free to visit www.marylandhomeloansonline.com to sign up for rate monitoring or to get pre-approved on line.

Free First Time Home Buyer Workshop - Baltimore and Harford County - March 14, 2009

Bob Lowery (Prosperity Mortgage) — Thu, 19 Feb 2009 16:53:06 -0600

Free First Time Home Buyer Workshop - Baltimore - March 14, 2009

March 14, 2009 at 11:00AM

8712 Bel Air Road

Baltimore, MD 21236

Seating is limited, so please RSVP by calling or emailing:

Bob Lowery, Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

· FREE Home Buyer's Guide

· FREE credit analysis

· Special Savings and Coupons just for attending

· $8,000 First Time Home Buyer's Tax Credit

I am available seven days a week.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

Updated Home Buyer Tax Credit - $8,000 versus $15,000

Bob Lowery (Prosperity Mortgage) — Mon, 16 Feb 2009 09:18:36 -0600

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 TAX CREDIT

As Modified in the American Recovery and Reinvestment Act

Major Modifications Shaded

February 2009

FEATURE	CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008	REVISED CREDIT - EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009
Amount of Credit	Lesser of 10 percent of cost of home or $7500	Maximum credit amount increased to $8000
Eligible Property	Any single family residence (including condos, co-ops, townhouses) that will be used as a principal residence.	No change All principal residences eligible.
Refundable	Yes. Reduces (or can eliminate) income tax liability for the year of purchase. Any unused amount of tax credit refunded to purchaser.	No change Purchasers will continue to receive refund for unused amount when tax return is filed.
Income Limit	Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000).	No change Same income limits continue to apply.
First-time Homebuyer Only	Yes. Purchaser (and purchaser's spouse) may not have owned a principal residence in 3 years previous to purchase.	No change Still available for first-time purchasers only. Three-year rule continues to apply.
Revenue Bond Financing	No credit allowed if home financed with state/local bond funding.	Purchasers who utilize revenue bond financing can use credit.
Repayment	Yes. Portion (6.67% of credit or $500) to be repaid each year for 15 years, starting with 2010 tax filing.	No repayment for purchases on or after January 1, 2009 and before December 1, 2009
Recapture	If home sold before 15-year repayment period ends, then outstanding balance of repayment amount recaptured on sale.	If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009.
Termination	July 1, 2009 (But note program changes for 2009)	December 1, 2009
Effective Date	Purchases on or after April 9, 2008 and before January 1, 2009. Repayment to begin for 2010 tax year.	All revisions are effective as of January 1, 2009

With low rates, reduced values, and this tax credit; it truly is a good time to buy. You will not know when the bottom of the market has hit until it has already passed. Foreclosures will continue through 2009 and 2010, but it is I believe banks and the Feds will continue to work with these homeowners. Confidence will be restored and the economy will begin to rebound in 2009.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

$15,000 Home Buyer Tax Credit - Harford County

Bob Lowery (Prosperity Mortgage) — Thu, 05 Feb 2009 16:36:07 -0600

The Senate is currently working on passing the 2009 stimulus bill. The House passed their version last week. There are many parts to this bill, which is why it is close to $900 billion and there is a lot of wasteful spending in the bill, however, there are two excellent parts of the bill. Congress is now working to get some of the waste out of the bill.

The first part of the bill I agree with are the tax cuts...they are always good. However, this blog is about the Home Buyer tax credit. In 2008, Congress passed the $7,500 tax credit for First Time Home Buyers. Unfortunately, it had little affect on the housing market since it had to be paid back and was basically a 15 year interest free loan. Congress realized its ineffectiveness, therefore, the introduction of the 2009 stimulus bill. While the bill still needs to be finalized by the Senate and approved by the President, some form of this stimulus bill will be approved.

The one thing that both parties have agreed to is the $15,000 tax credit for ALL home buyers. The tax credit will equal 10% of the sales price or $15,000, whichever is less. And, the credit will not have to be paid back as long as the home is not resold within 24 months of the purchase.

Some of the great features are:

1. Increased tax credit from $7,500 up to $15,000.

2. It will not have to be repaid unless home is sold within 24 months of the purchase price.

3. It is for everyone that purchases a primary dwelling, whether they are a first time home buyer or not.

4. The income limits will be removed.

5. It will extend the tax credit from July 1, 2009 to September 1, 2009.

6. It will take affect the day the President signs the bill.

I do not like to mortgage our children and grandchildren's future, but some of this is necessary. A tax credit in the 1970s was similar to this tax credit and helped stabalize the housing market as I feel this will help, too. Some experts say this could have a 10% increase in 2009 real estate sales. This will stablelize values and hopefully rejuvenate our economy.

Please remember that this bill has not been finalized and is subject to change. However, I feel some version of this bill will be signed into law. This along with current interest rates will make it an excellent time to buy. Don't be one to miss the bottom.... the bottom may be here.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

Home Buyer Tax Credit $15,000 - Baltimore County

Bob Lowery (Prosperity Mortgage) — Thu, 05 Feb 2009 16:33:41 -0600

Some of the great features are:

1. Increased tax credit from $7,500 up to $15,000.

2. It will not have to be repaid unless home is sold within 24 months of the purchase price.

3. It is for everyone that purchases a primary dwelling, whether they are a first time home buyer or not.

4. The income limits will be removed.

5. It will extend the tax credit from July 1, 2009 to September 1, 2009.

6. It will take affect the day the President signs the bill.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

First Time Home Buyers!!! Is this the right time to buy? Serving Harford and Baltimore County

Bob Lowery (Prosperity Mortgage) — Thu, 22 Jan 2009 18:34:39 -0600

Is this the right time to buy? I have been asked this question so many times, I felt the need to blog about it. I do believe its a great time to buy and there are a lot of buyers waiting for rates and values to hit bottom. There are several reasons why now is a good time to buy including:

1. Interest Rates are low. Interest rates have recently been as low as 4.75% with no points or origination fees. While they have risen recently, they are still extremely low based on history. With rates at 5.5%, you would save $18,600 on a $250,000 purchase, which allows you to spend this additional money on a home or pocket the savings. Below is a chart that shows the savings at 5.5% and 4.75%.

No one knows how long rates will remain this low. I already have buyers kicking themselves for missing out on 4.75%. And, one day, I will have customers kicking themselves for missing 5.5%.

2. Homes are more affordable now. Estimates claim home values in the Baltimore metropolitan area have declined 15-25% since 2007. If this is the case, a $250,000 home was once selling for somewhere around $300,000 or more in 2007. This is another $50,000 in savings.

3. Inventory is high. With supply so high, the average home is not selling for list price or above list price. Prior to 2007, many homes were selling for list price or even higher. This is additional savings. While these differ per transaction, I would think it would be safe to say this is another 2-5% in savings. Each seller and each transaction is different.

4. We are in a buyer's market. Most sellers are negotiable and willing to help buyers with closing cost assistance. While not every seller is willing to pay closing costs, many are. If a seller contributes $10,000 towards closing costs, this is another $10,000 in savings.

5. Lastly, there is a tax credit for 5% of the sales price or $7,500 for all first time home buyers. But, you must settle by June 30, 2009 to qualify for this tax credit.

6. There are mortgage programs available. You don't need perfect credit or 20% down. If you have any financing questions or would like to be prequalified, please give me a call.

With all these savings, a house that costs $250,000 will cost you $80,000-$100,000 less or more than if you had purchased two years ago. If you wait for the market to bottom out, you will already have missed the bottom. No one knows when the bottom has hit until it has already passed.

For all your purchase and refinance needs and questions, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

First Time Home Buyers!!! Is now the right time to buy? Serving Harford and Baltimore County

Bob Lowery (Prosperity Mortgage) — Thu, 22 Jan 2009 18:31:29 -0600

No one knows how long rates will remain this low. I already have buyers kicking themselves for missing out on 4.75%. And, one day, I will have customers kicking themselves for missing 5.5%.

5. Lastly, there is a tax credit for 5% of the sales price or $7,500 for all first time home buyers. But, you must settle by June 30, 2009 to qualify for this tax credit.

6. There are mortgage programs available. You don't need perfect credit or 20% down. If you have any financing questions or would like to be prequalified, please give me a call.

For all your purchase and refinance needs and questions, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

Mortgage Interest Rates - Harford and Baltimore County

Bob Lowery (Prosperity Mortgage) — Fri, 19 Dec 2008 11:12:36 -0600

About Prosperity Mortgage

Wells Fargo Home Mortgage (our parent company) has over 150 years of experience in mortgage lending and they are the most stable and secure mortgage lenders in the county.

Wells Fargo holds over 95% of the loans they originate so they will, most likely, always service your mortgage.

Wells Fargo has been the #1 retail Mortgage lender in the USA for the last 15 years and is the only AAA Rated Bank in the world.

Prosperity Mortgage is Wells Fargo's largest joint venture and we are the 4^th largest lender in the Baltimore/Washington area.

Mortgage Interest Rates - Baltimore and Harford County

Bob Lowery (Prosperity Mortgage) — Fri, 19 Dec 2008 11:11:33 -0600

About Prosperity Mortgage

Wells Fargo Home Mortgage (our parent company) has over 150 years of experience in mortgage lending and they are the most stable and secure mortgage lenders in the county.

Wells Fargo holds over 95% of the loans they originate so they will, most likely, always service your mortgage.

Wells Fargo has been the #1 retail Mortgage lender in the USA for the last 15 years and is the only AAA Rated Bank in the world.

Prosperity Mortgage is Wells Fargo's largest joint venture and we are the 4^th largest lender in the Baltimore/Washington area.

Free First Time Home Buyer Workshop - Harford County - January 24, 2009

Bob Lowery (Prosperity Mortgage) — Tue, 02 Dec 2008 12:46:48 -0600

Free First Time Home Buyer Workshop - Baltimore - January 24, 2009

January 24, 2009 at 11:00AM

8712 Bel Air Road

Baltimore, MD 21236

Seating is limited, so please RSVP by calling or emailing:

Bob Lowery, Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

· FREE Home Buyer's Guide

· FREE credit analysis

· Special Savings and Coupons just for attending

· Down Payment and Closing Cost Assistance Available

I am available seven days a week.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

Free First Time Home Buyer Workshop - Baltimore County - January 24, 2009

Bob Lowery (Prosperity Mortgage) — Tue, 02 Dec 2008 12:42:27 -0600

Free First Time Home Buyer Workshop - Baltimore - January 24, 2009

January 24, 2009 at 11:00AM

8712 Bel Air Road

Baltimore, MD 21236

Seating is limited, so please RSVP by calling or emailing:

Bob Lowery, Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

· FREE Home Buyer's Guide

· FREE credit analysis

· Special Savings and Coupons just for attending

· Down Payment and Closing Cost Assistance Available

I am available seven days a week.

For all your purchase and refinance needs, feel free to contact me at 410-248-1762 or bob.lowery@prosperitymortgage.com.

Bob Lowery, Mortgage Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile

Bob.Lowery@prosperitymortgage.com

Free First Time Home Buyer Workshop - Baltimore County - Harford County - November 15, 2008

Bob Lowery (Prosperity Mortgage) — Wed, 29 Oct 2008 14:39:35 -0500

Free First Time Home Buyer Workshop - Baltimore County - Harford County - November 8, 2008

November 15, 2008 at 11:00AM

9106 Philadelphia Rd Suite 108

Baltimore, MD 21237

Seating is limited, so please RSVP by calling or emailing:

Bob Lowery, Consultant

Prosperity Mortgage Company

410.248.1762 Tel

443.653.1720 Mobile