Mortgage Tips
Know: How much your house is worth compared to how much you owe. What is your loan to Value ratio?
Know: Whether you have a second lien. Is the loan to value more than 100 percent -- in other words, do you owe more on the first mortgage than the house is worth?
Know: Whom to call
Home Affordable Refinance Program, or HARP may help.
Don't: Buy a big-ticket item or get another loan before closing on the refi or mortgage.
"Unlike the traditional agent who looks out for the seller, a buyer broker acts as your advocate, helping you find the home you want and then negotiating the lowest possible price. The best buyer brokers are so called exclusive agents - that is, they represent only buyers, never sellers..."
Money Magazine
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$8,000 Tax Credit ends April 30, 2010
H.R. 4701, introduced by Representative Eliot Engel (D-NY17), would provide relief to certain married couples who would otherwise be ineligible for the first-time homebuyer credit. The bill provides that married individuals filing a joint return would qualify for the appropriate credit even where one spouse is ineligible. For example, if one spouse is a first-time homebuyer and the other is ineligible, the couple would be treated as first-time homebuyers. However, such a couple could qualify for up to $4,000.00, as opposed to the full $8,000.00 tax credit had both spouses been first time homebuyers. The bill has recently been introduced in the House.
Here's Why you need an Exclusive Buyer Agent in Florida
Florida Foreclosures
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