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Federal first-time homebuyer tax credit extended for military members

Written by Guest on 2010-10-26.

On November 6, 2009, the Worker, Homeownership and Business Assistance Act of 2009 was signed into law, which extended and expanded the first-time homebuyer tax credit (hereinafter “credit”) for members of the military, members of the Foreign...

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New FHA rules lower up-front costs of homebuying

Written by Guest on 2010-10-18.

FHA loans have become more popular than ever in recent years as purchasers have struggled to come up with the necessary 20 percent down payment required for a conventional loan.Previously, a common solution to the 20 percent problem was...

Developer fees a.k.a. capital recovery fees

Written by Guest on 2010-10-11.

Imagine this scenario: You have to move because of your job. You have lost all of the equity in your condo that you purchased two years ago, but thankfully, you are not underwater and will break even on the sell. You arrive at the closing...

A quick guide to VA loans

Written by Guest on 2010-10-06.

Active-duty service members and veterans may be eligible for a home loan guaranty program offered the Department of Veterans Affairs (VA), for purposes of purchasing or refinancing a home. What is a VA guaranteed loan? It is a loan that...

Homeowners Assistance Program: The closing process

Written by Guest on 2010-09-30.

Once a determination is made as to which benefits are most advantageous for the applicant, the closing process can finally begin. There are several noteworthy items to keep in mind at this time: 1. Prior to closing, the applicant will need...

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Federal first-time homebuyer tax credit extended for military members

New FHA rules lower up-front costs of homebuying

Developer fees a.k.a. capital recovery fees

A quick guide to VA loans

Homeowners Assistance Program: The closing process

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