Good for Closing Costs, Rate Buy Down, But Not Minimum Down Payment The first-time homebuyer tax credit, worth up to $8,000, is available to households that haven't owned a home in at least three years. The credit is a true credit, not a loan, and does not have to be repaid, and is fully reimbur
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05/30/2009
Yes, we are handling more of these transactions in our office now than ever before. I am finding myself more frequently in conversations with clients regarding the matter of foreclosures in our area. They believe that the correction in the economy will necessarily generate more of these in the
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05/30/2009
Now that conventional loan limits have increased to $729,750, our clients have been able to take advantage of a higher loan at rates below 5% with a fraction of points. For example, in markets such as the Washington DC area, buyers with 20% down payments who have been waiting can move on homes w
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05/03/2009
