mortgage: Home Financing May Get Tougher! - 03/05/09 02:47 AM
It may not be what home buyers, sellers and refinancers want to hear, but they need to know: Fannie Mae and Freddie Mac are ratcheting up their mandatory fees and toughening credit score and down-payment rules as of April 1, 2009.
Most major lenders already are pricing in these higher fees, effectively raising cost to borrowers immediately and reducing the impact of housing stimulus efforts from Congress and the Obama administration.
Under Fannie's and Freddie's new guidelines, even applicants who assumed that their FICO credit scores would get them favorable rates will be charged more unless they can come up with … (0 comments)

mortgage: Economic Stimulus Plan Benefits the Housing & Mortgage Industires - 03/05/09 02:32 AM
TAX CREDIT FOR HOMEBUYERS
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Rember a tax credit is very different than a tax deduction - a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000.  Buyers will have to repay the credit if … (0 comments)

 
Gena Schriver, YOU MATTER OMAHA  (402) 320-HOME (4663) (Nebraska Realty) Rainmaker large

Gena Schriver

YOU MATTER OMAHA (402) 320-HOME (4663)

Omaha, NE

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Nebraska Realty

Address: 17117 Burt St, Omaha, NE, 68118

Office: (402) 320-4663

Mobile: (402) 320-4663

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