Archive for October 2009

10.16.2009

Finance Challenge: Reserves – the right amount, the right type, the right timing

So you have the down payment – sourced and seasoned just like it needs to be. All saved up, stored away nicely in the bank for the last 60 days, and ready to be invested into a home. The closing costs are there, too, and all perfectly documented for the last two months. Great job! [...]

10.13.2009

First Time Home Buyer’s Tax Credit to be Extended?

Probably so, the House of Representatives voted on the 8th to give service members who served a minimum of 90 days overseas an extension on their ability to claim the $8000 federal tax credit for first time home buyers. TBWS reported the extension of 6 months based on Housing Wire reports while US News reported [...]

10.8.2009

Last Minute Questions About First Time Home Buyer Tax Credit

Like it or not it’s coming to an end. There has been much lively debate about whether it should have existed to begin with, whether it should be increased and whether it should be extended. All of those aspects are all over the Internet. This is to remind you there is very little time left [...]

10.6.2009

What Is The MDIA – Mortgage Disclosure Improvement Act?

The MDIA Rule went into effect, in part, on July 31, 2009. Many people still are not aware of this rule and how it may affect every closing in the nation. This rule, unlike some others, applies to banks, lenders and brokers equally.? In short it says the Truth-In-Lending document with an accurate Annual Percentage [...]

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