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FHA to Allow First Time Buyers Credity Advance
The first-time homebuyer tax credit just keeps getting better. The credit was increased to $8,000 this year and no longer has to be paid back. Now HUD has said that it will allow the credit to be advanced to FHA purchasers for use toward a downpayment Read More...
Posted 03 June 09 08:34 by Robert Buckman | 0 Comments   
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Mid-Year Mortgage Overview
I t might have better to have titled this article “Condos for Cash,” since it seems that all-cash might be the only guaranteed way to purchase a condo today. Simply put, if you are interested in buying a condominium in today’s market, Read More...
Posted 03 June 09 08:24 by Robert Buckman | 0 Comments   
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New Appraisal Rules Not Without Flaws
T here’s a new sheriff in appraisal town and the name is HVCC. Not to be confused with HVAC (that’s your heating, ventilation and air conditioning system), HVCC stands for Home Valuation Code of Conduct. The HVCC, which was implemented May Read More...
Posted 03 June 09 08:20 by Robert Buckman | 1 Comments   
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FIRST-TIME HOMEBUYER CREDIT EXPANDED
T he economic stimulus bill just signed into law contains two major items for 2009 homebuyers. The measure increases the first-time homebuyer tax credit to $8,000 and does away with its onerous repayment requirement. It also reinstates the 2008 loan limits Read More...
Posted 28 February 09 06:28 by Robert Buckman | 1 Comments   
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THE SPRING 2009 MORTGAGE OVERVIEW
W ill the lower mortgage rates we have seen so far in 2009 help to lift the housing market this spring? There have been several positive market developments recently, lower rates among them, but whether these positives finally have enough power to jump Read More...
Posted 28 February 09 06:23 by Robert Buckman | 1 Comments   
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The Spring Housing Market Outlook
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy Read More...
Posted 28 February 09 06:06 by Robert Buckman | 1 Comments   
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Outlook for Spring
T he spring housing market is usually greeted with eagerness and enthusiasm by home sellers and buyers, Realtors and mortgage professionals. This year, though, it is being met with, well…hope. While there are still plenty of negatives, a sour economy Read More...
Posted 28 February 09 06:06 by Robert Buckman | 0 Comments   
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Look For New Mortgage Disclosure Rollout
H omebuyers will soon have improved mortgage disclosures to help with their decision-making, the result of Real Estate Settlement Procedures Act rules finalized by the Department of Housing and Urban Development in November. Although the new disclosures Read More...
Posted 06 January 09 12:02 by Robert Buckman | 0 Comments   
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The Housing Watch List for 2009
T here are a few trends /issues to which we think you should pay particular attention this year. Builders require extra due diligence. In November, homebuilders started the fewest number of new homes since 1959. That’s tough for builders, but good Read More...
Posted 06 January 09 11:56 by Robert Buckman | 0 Comments   
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The 2009 Mortgage Landscape
M ost prospective mortgage shoppers should be aware by now that mortgages are tougher to get. “Stringent” is the word we keep hearing used to describe the tests for borrowers these days. That’s putting it mildly! The traditional touchstones Read More...
Posted 06 January 09 11:50 by Robert Buckman | 0 Comments   
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2009 Housing Market Preview
W i ll 2009 be the year that we finally see an end to the slide in home prices and the start of a rebound? Some market watchers think so. Of course, recent spells of optimism about the housing market have proven premature and that could be the case again. Read More...
Posted 06 January 09 11:21 by Robert Buckman | 0 Comments   
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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...
Posted 01 December 08 10:47 by Robert Buckman | 0 Comments   
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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...
Posted 01 December 08 10:43 by Robert Buckman | 0 Comments   
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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...
Posted 01 December 08 10:38 by Robert Buckman | 0 Comments   
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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...
Posted 01 December 08 10:33 by Robert Buckman | 0 Comments   
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