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mortgage: This month in Mortgage--
- 11/25/09 01:55 AM
This month in Mortgage--- As published in the Home Ideas Magazine, November 2009-- by Wanda Promes Most Mortgage Loan Officers have full time jobs just keeping up with the ever changing guidelines handed down by Fannie Mae, Freddie, HUD and new regulations passed down by Congress. When you apply for your next mortgage loan you may see these changes affecting the application and closing process. The most recent changes in mortgage lending include the areas of appraisals, the self employed borrower, the need for tax transcripts. These changes have also affected the disclosing process for Good Faith Estimates and
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mortgage: Extension of the Homebuyers Tax Credit! ~the Trickle Down
- 11/18/09 07:31 AM
As many of you have heard, the new Worker, Homeownership and Business Assistance Act of 2009 has extended the original deadline for the home purchase tax credit from Dec 1st to April, as well as extending a tax credit to "move up buyers'. This means that potential home buyers other than those that have not owned a home in the last 3 years will also get a tax credit for purchasing a new home from now into June 2010. Of all the bills that have passed to attempt to stimulate commerce and the economy, I like this one the best
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