first time home buyer: $5000 DC homebuyer tax credit renewed - 12/30/10 06:33 AM
Congress renewed the $5,000 DC homebuyer tax credit for another two years as part of the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, the office of Congresswoman Eleanor Holmes Norton (D-DC) announced earlier this month.
The DC tax incentive will be retroactive for 2010 and continue through 2011.
"First-time homebuyers of a principal residence in the District, who meet income limitations and other eligibility guidelines may qualify for a one-time tax credit for up to $5,000 of the amount of the purchase price," Joe Gentile, vice president of Federal Title & Escrow Company, said.
To qualify as … (0 comments)

first time home buyer: 12 steps to homeownership: Homebuyer timeline - 06/04/10 08:15 AM
Buying a home is an important financial decision that should be considered carefully. Homebuyers must become familiar with the various stages of the home-buying process, including deciding whether it's the right time to buy a home or not and factors to consider in determining how much they can afford to spend. Learning about the sales agreement, how to use a Good Faith Estimate to shop for the best loan optins, required settlement services to close the loan and the HUD-1 Settlement Statement received at closing will increase the odds of a happy transition from renter to homeowner.
Find this graphic, along … (0 comments)

first time home buyer: Second credit screening could delay closing or kill the deal - 06/04/10 08:03 AM
Want further proof that it's a bad idea to open a new line of credit while trying to buy a house?
Beginning June 1 your lender will likely be pulling a last-minute second credit report immediately before closing. If you've taken out a new loan that's large enough to affect your debt-to-income ratio calculations used in the original mortgage approval, your deal could fall through.
Opening a new line of credit – whether for new furnishings, landscaping, appliances, a new credit card, etc. – is one of the top homebuyer mistakes to avoid.
From the Washington Post:
The June 1 changes … (2 comments)

first time home buyer: Closing Costs Explained Visually - 05/27/09 03:16 AM
Finally - our new video!! We have been working on producing a video that explains closing and settlement costs, visually. Buying a house is a huge financial committment and one that should not be taken lightly. The number one question we get from buyers and borrowers is "How much is this going to cost?" While there is no easy way to answer this question, we have created a suite of tools to get buyers and borrowers started. But this new video is the one we are most excited about, take a look and let us know what you think. … (3 comments)

Todd Ewing (Federal Title & Escrow Company)

Todd Ewing

Washington, DC

More about me…

Federal Title & Escrow Company

Address: 5335 Wisconsin Ave, NW , Suite 700, Washington, DC, 20015

Office: (202) 362-1500

Fax: (202) 362-5901

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