Michael Richardson
Name
Michael Richardson
Company
Security National Mortgage Company
E-mail
Contact Michael Richardson (Security National Mortgage Company)
Website
http://www.loanadvisornow.com
Office Phone
(888) 877-7951
Fax
(888) 745-1615
Address
Colorado, Florida, Newberry, FL, 32669
Description
1st Time Home Buyer Specialist: VA Loan, FHA Loans, USDA- Rural Housing Loans, Use your $8,000 tax credit before 4/30/2010

Mortgage Banker

Michael S. Richardson has been a Loan officer, Real Estate Agent, or Author depending on the day or even the time of day since 1980.

Being a First Time Home Buyer does not have to be an overwhelming experience.  In fact your First Time Home Buyer Mortgage pre-approval is just minutes away!  We understand the excitement and concerns that can be part of your First Time Home Purchase experience.  

I realize that shopping for your first mortgage loan can be difficult, stressful, and at times, confusing.  I will help you to overcome the challenges that many First Time Home Buyers encounter. 

Home Buyer Tax Credit

Home Buyer Tax Credit Extended

The House of Representatives on approved an extension of jobless benefits and a tax credit for home buyers, sending the measure to President Barack Obama for signature. The bill, approved unanimously by the Senate late Wednesday, keeps a first-time home buyer tax credit, and expands it to include some people who already own a house.

How the homebuyer tax credit would work: 

Tax credit: Ten percent of the purchase price of a primary residence, up to a maximum of $8,000 for first-time homebuyers and $6,500 for repeat buyers. First-time homebuyers are defined as people who have not owned a home in the previous three years. Repeat buyers must have owned their current home at least five years. The credit cannot be used for houses costing more than $800,000.

Deadline for qualifying: Purchase agreements must be signed by April 30, 2010, and closings must be final by June 30.

Military deadline: The deadline is extended by a year for members of the military who have served outside the U.S. for at least 90 days from Jan. 1, 2009, to May 1, 2010.

Income limits: Individuals with annual incomes up to $125,000 and joint filers with incomes up to $225,000 qualify for the full credit. Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.

How to apply: Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a payment.  

Testimonials:

Sue, a real estate broker,

As you say Epidemic!!

I found your book most enlightening and would highly recommend it to all real estate and mortgage brokers. For individuals such as ourselves that have been in real estate and mortgage for 20 years we should have a strong desire to keep our industry healthy. Thank you for your contributions and for your book, it is most informative.

Laura, A reviewer,

Amazing Book

Your book is amazing. Once I started reading it I couldn't put it down. Very informative. An eye-opening read. The industry has needed a book like this for a long time.

Richard Stevens, Mortgage Banker,

Mortgage Fraud

This book is very organized and educational, I have been in the mortgage business for 13 years and had no idea what lengths the fraudsters would go to accomplish mortgage fraud. Michael has a very unique way of explaing mortage fraud. If you want to avoid mortgage fraud this is a must read!!