5 Things First Time Home Buyers Should Know!
So you're ready to move out on your own, and Kiss Your Landlord Good-bye? CONGRATULATIONS! Here are FIVE THINGS we think every First Time Home Buyer should consider before making that move: When you buy a House - you get a Raise! Uncle Sam definately sees benefits in having homeowners, so you get to "write off" the interest you pay each month on your taxes! We advise First Time Home Buyers to see a tax professional, and consider changing your W-4 when you purchase! This way, instead of the govenment giving you a $2400 refund... you get a $200 RAISE! (seriously, you ...
Benefits of USDA Home Loans in Johnston County and Wake County, NC
USDA Home Loans are not just for buying farms! In fact, we don't really offer that kind of Rural Development loan! We DO offer USDA Home Loans... 100%, No Money Down mortgage loans that are insured by the USDA program! These loans have less insurance than FHA loans, so they are cheaper all the way around... but there are some catches! The property has to fall within the USDA Home Loan "footprint." All of Johnston County and Harnett County qualifies for this program... MUCH of the area around Apex, Holly Springs, Fuquay and Garner also qualifes! Generally speaking, the area on the Harnett ...
Benefits of FHA Mortgage Loans
FHA Mortgage Loans are one of the best mortgage loan programs available for folks purchsing a home in the Wake County Area because it serves so many needs! You can use the program, as a parent, to help your student or child get into their First Home! The downpayment is 3.5%, and it can be a gift from a family member. They also allow the parent, or family member, to go on the loan to help with qualifying! The program can also be used to help an elderly parent who might have a limited income live an independant life style! FHA Mortgage Loans also ...
First Time Home Buyer
First Time Home Buyer Purchasing PlanAre you trying to purchase a home and take advantage of the new Tax Credit?? ...
USDA Rural Development Home Loans
Thinking about buying a home so you can get that Tax Credit? Don’t have a ...
Mortgages at Tax Time
If you are getting ready to do your taxes, and you are renting… P-I-T-Y! I...
The First Time Home Buyer Tax Credit of 2010
Okay—so here’s why you REALLY want to buy a house in the first half of 2010… Houses...
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USDA Home Loans
What Does It Mean When USDA Runs Out Of Money?Every year Congress puts funds into the USDA Rural Development “Account”...
USDA Rural Development Home Loans
Thinking about buying a home so you can get that Tax Credit? Don’t have a ...
USDA Rural Development Loans and Liquid Assets
Some People are Better Savers Than Others Some borrower’s we talk to have...
Best info On No Money Down Mortgages in NC
There are two programs available for no money down, 100% mortgages in NC. VA Home...
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VA Mortgage Loans
Veterans Not Allowed to Pay all Closing CostsA new Good Faith Estimate went into effect on January 1, 2010 and because of all the requirements that go with any new Government Regulated Form… FHA came out in January with a list of fees they felt like were reasonable for Homeowners to Pay and Lenders to Collect. Which prompted the VA to come out with a clarification on what Closing Costs they... [Read more of this review]
Credit Score Requirements Going UP!
On December the 12th, Fannie Mae is changing it’s “Computer Program” to reflect a new minimum credit score requirement for mortgages of 620. This is SIGNIFICANT because VA Mortgage Loans, FHA Mortgage Loans and USDA Rural Development loan guidelines indicate that the Government will insure loans with scores substantially lower than... [Read more of this review]
What Exactly Are Closing Cost?
If you are considering the purchase of a home, you know that there could be Trying to Have Money Left Over After Closing? a downpayment requirement (unless you are a Veteran, or you are purchasing in a rural area that qualifies for USDA Home Loan Mortgages)… and you might be aware that there will be “Closing Costs.” Your REALTOR... [Read more of this review]
Veterans get a Tax Credit Extension, what about the rest of us??
First Time Homebuyers could use $8000 On October 11, 2009 the Congress agreed to extend the $8000 Tax Credit for First Time Homebuyers for any Veteran who served at least 3 months of “Qualified Overseas Duty” in 2009 for another 12 months! The Service Members Home Owners Tax Act also has a provision that waives the “payback”... [Read more of this review]
Best info On No Money Down Mortgages in NC
There are two programs available for no money down, 100% mortgages in NC. VA Home Loans: Basic VA Benefits VA Loans and Co-Borrowers What if you make a Downpayment VA Guarantee Fee VA Home Loans and Credit Scores USDA Financing Basic Guidelines for USDA Home Loans in NC USDA Home Loans in the Triangle USDA Home Loans Holly Springs NC 12 Months of Clean... [Read more of this review]
VA Loans – Cheaper if you make a Downpayment
There are GREAT VA benefits, but most Veterans we talk to never mention them to their loan officer! That’s a shame, because there are many times when it might make sense to do a VA home loan as opposed to a Conventional or FHA loan for your mortgage program! If a Veteran can put a down payment on the home, the funding fee is reduced. For regular... [Read more of this review]
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