December 2008 - Posts

Credit?
F irst-time homebuyers have another reason to think about buying a home in 2009 , a federal income tax credit of up to $7,500. The credit is 10% of the cost of a home, so a house costing $75,000 will qualify for a full credit. The credit is refundable, Read More...
ESSENTIAL STEPS FOR GETTING A MORTGAGE
F irst-time homebuyers, who have never applied for a mortgage before, should understand that being totally prepared to do so takes advance planning . The biggest mistake for many first-time homebuyers is waiting until they start looking for a home to Read More...
THE STATE OF LOW-DOWNPAYMENT MORTGAGES
T here was a time, neither long, long ago nor far, far away when 100% financing (no-downpayment) mortgage loans were plentiful. In this fabled age, many potential home-buyers without downpayment funds were still assured a happy ending. Alas, this fairy Read More...
HOW EARLY PURCHASE MAXIMIZES TAX BENEFITS
If you have decided that 2009 will be the year you become a homeowner, then consider doing it as early in the year as possible, because delay has one certain cost. For every day that passes after January 1, you will find it more difficult to take full Read More...
FIRST-TIME HOMEBUYERS GUIDE FOR 2009
T he first-time homebuyer in 2009 will have a tricky real estate environment facing them, but negotiating the challenges ahead could prove rewarding. On the positive side, home inventories remain high, so the first-time buyer will have a wide selection Read More...