Tuesday, March 23, 2010

Tick tock ... time is running out! Only a month left until the federal First Time Homebuyer Tax Credit expires. You have until April 30, 2010, to contract the purchase of a home, and must close by June 30, 2010, to receive up to a $8,000 tax credit. Call me to learn more....

When Not To Pay Down A Mortgage- NY Times

From the March 20, 2010 New York Times:

http://http://www.nytimes.com/2010/03/20/your-money/mortgages/20money.html?emc=eta1


So, if you have a low interest rate, it may now be in your best interest to not pay off early...what do you think??

Monday, March 15, 2010

Uncle Sam To Pay Incentives For Short Sales?

In this potential program, a home owner in danger of foreclosure may recieve financial incentives, along with their lenders, to grease the wheels of a sale at less than is owed on the loan.

Read about it and the hoped for benefits:


http://www.nytimes.com/2010/03/08/business/08short.html?pagewanted=all

Tuesday, February 16, 2010

Financial Implications for Mortgages and Markets

The Wall Street Journal estimates that foreclosures will continue to impact recovery and market prices, especially in certain markets.

http://online.wsj.com/article/SB10001424052748703562404575067452797224606.html?mod=WSJ_hpp_LEFTWhatsNewsCollection

.....And in the banking world, the US is looking for investors to help fund the mortgage markets...

http://http://www.washingtonpost.com/wp-dyn/content/article/2010/02/15/AR2010021503143.html?hpid=topnews