connecticut first time home buyer: FHA Changes in Upfront Mortgage Insurance and Sellers Concessions - CT FHA Mortgage Specialist
- 01/21/10 11:03 AM
FHA To Increase Upfront Premiums for FHA Mortgage Insurance And Increase Minimum Credit Score FHA loans with a case number assigned on or after April 5, 2010, will have a 2.25% upfront mortgage insurance premium. This is a .5% increase. Case numbers are generally assigned when there is a contract with a property address, and a closing date AND the borrower has committed to go forward with the loan. Note that the annual premiums (remitted on a monthly basis) will not change at this time. For More Information please go to http://www.hud.gov/offices/adm/hudclips/letters/mortgagee/files/10-02ml.pdf Other changes include: New borrowers will now be required … (1 comments)
connecticut first time home buyer: President Signs Bill to extend First Time Home Buyers Credit - Also expands the bill
- 11/08/09 11:40 PM
Great news for the housing market came Friday when the President signed a bill extending and broadening tax credits for homebuyers. The tax credits apply to contracts signed by April 30, 2010, that close by June 30. Income limits for eligibility have been increased to $125,000 per year for individuals and up to $225,000 per year for couples. Credits up to $8,000 continue for first-time buyers but there is now a $6,500 tax credit for buyers who've owned their current home at least five of the last eight years. However, homes selling for more than $800,000 are not eligible.
Mortgage Rates … (0 comments)
connecticut first time home buyer: Tax Credit For Home Buyers, First Time Home Buyers and Well as those who owned a home for 5 years or more
- 10/29/09 12:16 PM
Updated Information According to the Associated Press, Senators have agreed to extend the tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers. Reportedly, Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to buyers who have owned their current homes for at least five years. The tax credits would be available to buyers who sign sales agreements by the end of April 2010. They would have until the end of June to close on their new homes.This is a preliminary report, details and conditions … (0 comments)
Leo Namiot Benchmark Mortgage - Connectciut Mortgage Lender www.BenchmarkCT.com
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connecticut first time home buyer: Connecticut First Time Home Buyers $7500 Tax Credit!
- 11/18/08 11:33 PM
Right NowConnecticut First-time Home Buyers Could Get up to a $7500 tax credit! Opportunity of a Lifetime for First-Time Buyers Thanks to the new 2008 Housing and Economic Recovery Act, first-time home buyers could qualify for a tax break up to $7500! "First-Time Home Buyers" include any buyers who haven't owned a home in the last 3 years. For aspiring home owners who find their goal stubbornly elusive, newly enacted legislation providing a tax credit of as much as $7,500 for first-time home buyers might just be the opportunity of a lifetime.But like so many of the good things in life, time … (1 comments)
connecticut first time home buyer: Connecticut First Time Home Buyers Tax Credit!
- 08/26/08 12:58 PM
First-time home buyers who purchase(d) a principal residence on or after April 9, 2008 and before July 1, 2009 are eligible for the credit. A first-time home buyer is defined as an individual who has not had an ownership interest in a principal residence in the three-year period before the date of homepurchase, and someone who has never taken advantage of the first-time home buyer credit available to residents of Washington, D.C. (see below). In the case of married couples, both must be first-time home buyers. For other groups purchasing a home, the statute is less clear. Take a couple who … (0 comments)
connecticut first time home buyer: Connecticut Mortgages - 100% Mortgage Financing - CT First Time Home Buyers :Take Notice
- 01/22/08 10:16 AM
Connecticut Mortgage Specialists - Benchmark Mortgage 97% and 100% Mortgage Financing Programs First Time Home Buyers Welcome Contact The Benchmark Mortgage Connecticut Team www.BenchmarkCT.com For A No Obligation Free Mortgage Consultation. Call 1-866-334-LOAN(5626) Toll Free Free Pre-Approvals - No Application Fee Ask about VA Mortgage Loans and FHA Mortgage Loans Benchmark Mortgage - Connecticut Mortgage Lender Thomaston, CT
connecticut first time home buyer: The Bait and Switch Mortgage Game, Stop asking: What's Your Rate? | Connecticut Mortgage | Mortgage Rate Shoppers Tips
- 01/12/08 02:20 AM
So many people are fooled into using a mortgage lender/broker by the bait and switch game and when they are too far in it's too late to switch to another lender. First off mortgage shoppers, WHO INVESTED THE QUESTION "WHAT IS YOUR RATE?" that is the worse question anyone can ask because it lacks the facts to support that quoted rate! So mortgage shoppers remove that question from your arsenal. Example One: $210K Sales Price with a $10K down payment Joe and Mary buyer are looking for a $200K mortgage to buy a home they just signed contract to buy, they pull out the phone book and … (2 comments)
connecticut first time home buyer: Connecticut First Time Home Buyers: Now Is the Time To Buy A Home
- 12/28/07 12:37 AM
First Time Home Buyers now more than any is the time to buy a home The time to buy can't be better, mortgage interest rates are still low, 100% mortgage financing programs can help first time home buyers buy a home with no or very little money out of pocket, there is a great selection of inventory and it's winter! Yes Winter, it's a great time to buy.... Let's face it, home owners are far more willing to negotiate off the asking price when it's cold and snowy than they will be when it's spring and the grass is turning green and … (0 comments)
connecticut first time home buyer: Connecticut First Time Home Buyer Tips From The Benchmark Mortgage Connecticut Team
- 12/27/07 02:14 AM
First Time Home Buyers - Get an Inspection Whether you are buying or selling a home, you should have a professional home inspection performed. A home inspection will look at the systems that make up the building such as: Structural elements, foundation, framing etc Plumbing systems Roofing Electrical systems Cosmetic condition, paint, siding etc If you are buying a home, you need to know exactly what you are getting. A home inspection, performed by a professional home inspector, will reveal any hidden problems with the home so that they may be addressed BEFORE the deal is closed. You should require an inspection at the … (0 comments)
connecticut first time home buyer: Connecticut Mortgages: Benchmark Mortgage Connecticut:CT First Time Home Buyer:Ct 100% Financing Mortgage
- 11/26/07 11:54 AM
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connecticut first time home buyer: First Time Home Buyers: Renters Now Is A Great Time To Buy! - Connecticut Mortgage Specilaists Benchamrk Mortgage
- 11/20/07 04:00 AM
Stop Renting and Start Taking Pride in Home Ownership Renting is the answer for some people at certain times in their lives. Renting is not for everyone. The advantages to owning your own home and even investing in real estate are almost innumerable. As professional mortgage advisors we can relate to your hopes, dreams and fears. Did you know that even as a first time homebuyer it is possible to purchase a home with very little or no money down? Did you know that there are powerful tax advantages from owning your own home? Did you know that you can build a real … (5 comments)
connecticut first time home buyer: Mortgage Shopping and Mortgage Rate Shoppers - Connecticut Mortgages
- 07/27/07 09:27 AM
I get calls all the time asking " what is your rate" , I am sure everyone in the mortgage business get's these calls daily as I do. People who are calling every lender in the local phone book or shopping the internet should be educated on how to shop for a interest rate before they start dialing every mortgage company looking for the lowest rate. People need to ask every lender they talk to the same questions or they may get different rates for the same products. Compare apples to apples. I have a list of about 10 questions I offer shoppers to … (0 comments)
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FHA To Increase Upfront Premiums for FHA Mortgage Insurance And Increase Minimum Credit Score
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