Gerard's Blog

Tax Credit for New Home Purchase This tax credit is available for qualified buyers who on or after March 1, 2009, and before March 1, 2010, purchase a qualified principal residence that has never been occupied. The buyer must reside in the new home for a minimum of two years immediately following...

Right off from the start- YES 4% on a 30 yr fixed rate is avaiable today!- but the cost is approx. 2.5points!! (EX: one a $250,000 loan 2.5 points would be $6,250 and then add closing costs!!!) Let's get realistic here. The recent frenzy has been about mortgage interest rates going to an incredib...

The Department of Commerce reported this morning that housing starts are on the rise, instead of falling from 477,000 last month to an expected level of 450,000, rose to an annualized pace of 583,000, for a month-over-month increase of +22.2%! Single-family homes, which account for 80% of housing...

As you may have heard, it has now become a reality.  The rumor we have been hearing about for months is now official for all FHA case numbers assigned AS OF APRIL 1, 2009 FHA Cashout refi's are limited to 85% across the board. The new mortgagee letter is ML 2009-08. They are saying this is tempor...

Today it's important more than ever for Americans to have a crystal clear picture of their financial situation and debts. Debt management helps you in managing your debts. There is no doubt that the best debt management tip is not to acquire any debt. However, taking into account the present fina...

1. The next time you order checks have only your initials (instead offirst name) and last name put on them. If someone takes yourcheckbook,  they  will not know if you sign your checks with just yourinitials or your first name, but your bank will know how you sign your checks.2. Do  not sign the ...

Here's some IMPORTANT Info for you!Real estate agents can claim a special tax break on their rental losses. Their rental real estate losses are exempt from the passive loss rules if they spend more than one-half of their time and at least 750 hours per year materially involved in real estate, the...

The new , long awaited stimulus plan doesn't seem to have the "punch" as expected and they are still working some of the details out!! I know you may be a little bit overwhelmed, confused and frustrated right now in regards to the new government interventions in the mortgage and housing markets. ...