News from Washington – Senators AGREED to extend the $8000 tax credit for first time home buyers until June 30, 2010. They also are offering $6500 to repeat buyers who have owned their current home more than 5 years. This has not been signed into law, yet!
The 3.6% drop in home sales in September, the first sales [...]
Filed under: Homeownership, Mortgage Info | Tagged: Pensacola First Time Home Buyer, Pensacola Mortgage Info | Leave a Comment »
New York Times
By EDMUND L. ANDREWS
Published: March 4, 2009
WASHINGTON — The Obama administration provided details on Wednesday for its program to help homeowners at risk of losing their houses obtain taxpayer-subsidized reductions in their mortgage payments, a program that becomes available immediately.
Administration officials said the program could help three million to four million families avoid [...]
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Home Affordable Modifications
If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible.
Click Here
Home [...]
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The FHA 203k loan program is the Department of Housing and Urban Development (HUD), primary program for the rehabilitation and repair of single family properties.
Lenders have successfully used the FHA 203k loan program in partnership with state and local housing agencies and nonprofit organizations to rehabilitate properties.
HUD also believes that the FHA 203k [...]
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Don’t Go Shopping for a New Home Before You Know Exactly How Much You Can Spend!
FIVE MYTHS ABOUT HOMEOWNERSHIP
Myth #1 “I can’t afford a down payment.”
In the past, buying a home required a 20% down payment. But not today. In fact, 7 out of 10 first-time homebuyers make a down payment of 10% or less.
Myth [...]
Filed under: Mortgage Info | Tagged: Mortgage Information, Pensacola Beach Condos, Pensacola Beach Homes, Pensacola Beach real estate, Portofino Condos, Real Estate Investing | 1 Comment »
