mortgage: STIMULUS PACKAGE HAS PASSED - 02/18/09 05:10 AM
The package is passed and signed in to law.   Let the good times roll!  Here's info from one of our in-house lenders, Jim Hockenberry. 
The American Recovery and Reinvestment Act of 2009 has been signed by the President and contains a Tax Credit too.   First time Home buyers who purchase a home between Jan 1, 2009 and close before December 1, 2009 qualify.  The credit represents 10% of the purchase price of a home up to $80,000 or maximum credit of $8000.00. The credit phases out for taxpayers with adjusted gross income in excess of $75,000 ($150,000 in the case of … (1 comments)

mortgage: Renegotiating Your Loan - 12/17/08 05:38 AM
RENEGOTIATION  If you know someone who is struggling under their current mortgage, or a few months late on payments they may still have options.  Some mortgage companies are now renegotiating the loan rather than foreclosing.  They may reduce the principle, reduce the interest rate or a combination of both.  The Feds are putting pressure on mortgage companies to try and keep people in their homes instead of continuing to flood the market with foreclosed homes.  The reasoning is if the lender is going to lose money, why not discount the loan and avoid the expense of foreclosure and keep the home … (0 comments)

mortgage: 4 ½% 30 year fixed home mortgage rates? - 12/12/08 03:30 AM
Did you hear the rumor about 4 ½% 30 year fixed home mortgage rates?  I have it from a good source that congress is stalling the approval until after January 20, 2009, but it will happen.  So get ready if you plan to buy a home this year.  If you need to sell first you should get your house listed ASAP to take advantage of the influx of buyers that will be coming in the market.  If you are going to help your kids get a house, then get the details worked out.  If you don't have a good lender then … (0 comments)

 
John Jacobus (RE/MAX Impact)

John Jacobus

Westerville, OH

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RE/MAX Impact

Address: 440 Polaris Parkway, Suite 110, Westerville, OH, 43082

Office: 614(523) 100-0233

Mobile: (614) 296-8350

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