Are you looking for the new first time home buyer tax credit? I've got good news for you! It exists and it's called the Mortgage Credit Certificate (MCC). Most every state has some form of the Mortgage Credit Certificate. Here are the details of how the program works in North Carolina. The Mortgage Credit Certificate gives qualifying first time home buyers a financial benefit when filing … [Read more...]
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Mortgage Credit Certificate For First Time Buyers
Filed Under: Buying a Home Tagged With: first time buyer, mortgage, tax credit
USDA 100% Loans Are Back
Funding for USDA 100% financing ran out a few months ago. But fear not, it's back! But before we continue, I must warn you. Please, whatever you do, if you are considering buying a home with no money down, be very very careful. All too often these days I find myself talking to someone who needs to sell a home and owes more on it than it's worth. Not a good position to find yourself in. … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer, mortgage
Tax Credit Extended For A Few Good Men & Women
The First Time Home Buyer Tax Credit has been extended for US military and members of US foreign services or intelligence. Actually I think this has been fact since December of 2009, but I wanted to take a few minutes and make sure everyone was aware. Here's the scoop... Members of the military and certain other federal employees serving outside the United States have an extra year to use the … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer, tax credit
Home Buyer Tax Credit Gets Expanded For 2010
A nice bonus awaits many home buyers in this new year. The Home Buyer Tax Credit has been extended and expanded to include many more potential home buyers. The Home Buyer Tax Credit actually began back in 2008 as a $7,500 credit only available for first time home buyers. And it had to be paid back at the rate of $500 each year over 15 years, or in total upon the sale of the home. In 2009 … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer, tax credit
How Important Is The First Time Buyer Tax Credit?
There has been much talk about the $8,000 first time home buyer tax credit. Many, including my own trade organization (NAR), say or at least infer that the tax credit has given the real estate industry closings that may not have occurred otherwise. But, is this really true? There has definitely been a shift towards more purchases by first time buyers in the past year. But I wonder how much … [Read more...]
Filed Under: Miscellaneous Tagged With: first time buyer
November Will Be A Very Busy Month For Closings
Are you one of the lucky folks who will be taking advantage of the $8,000 tax credit for first time home buyers? Awesome! Just make sure you don't cut it too close to the November 30th deadline. October closings are already beginning to stack up and if predictions hold true, November could be one of the busiest months for real estate closings that we've had in a long time. The problem is that … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer
Pay Off Debt First Or Buy A Home Now?
I just received an email from someone who registered on my website to search for homes for sale. Her question was "I still have a couple of debts that I'm trying to payoff first, let me know if you think I should just wait or go for it." That is a hard question to answer in an email. Buying a home is a big decision. If you get it wrong, you could find yourself under financial pressure … [Read more...]
Filed Under: Buying a Home Tagged With: buyer agent, first time buyer
First Time Home Buyer Seminar Coming Soon
This is the best real estate market for first time home buyers in a long time... maybe the best ever. Lots of great homes to choose from at discounted prices. Historically low interest rates. An $8,000 tax credit from the government. Want to find out how to put it all together and get yourself in your first home? Then stay tuned. I'm working with a local lender to put together an … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer
First Time Buyer Tax Credit Time Is Limited
Have you heard about the first time home buyer tax credit that is available? My phone has been ringing off the hook with first time home buyers wanting to take advantage of this $8,000 gift from the government. If you want to take advantage of this opportunity, you need to hurry. The deadline for closing on a home and qualifying for the tax credit is December 1, 2009. So when should you … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer
Get Another $8,000 Off Your First Home
First time home buyers, this is your time to save! There is a first time buyer tax credit of $8,000 available when you buy a home before December 1, 2009. For a first time buyer, it really doesn't get any better than this. Inventory levels are at an all time high, so selection is excellent. Home loans are at an all time low, so your monthly payments will never be lower. And now, the … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer
