Suzi and Pam

  Eight of ten people are saying now is the right time to buy. But, is it really?? Yes! We just helped two first time home buyers purchase a home and their mortgage will LESS than rent. Plus, they will have the tax write off. AND, have equity built up in 2-5 years!!!  (more...)

The federal government is reconsidering their involvement in the home mortgage process. They plan to still ‘guarantee’ certain mortgages. However, they appear to be redefining what they consider a ‘qualified purchaser’. They are discussing stricter lending guidelines in four different areas: The type of mortgage The minimum down payment The debt ratios of the buyer The FICO score of the purchaser Today, we want to look at #1. It appears that there is at least conversation about eliminating the 30 year fixed rate mortgage which has...

NAR, National Association of Realtors, provided us with the most commonly asked questions regarding changes to the Tax Credit. Question: Existing homeowner credit: Must the new house cost more than the old house? Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit. Question: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new...