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first-time home buyer  // Posts tagged as "first-time home buyer"

06 Jul Posted by Don in Home Buying | Comments

First-Time Homebuyer Tax Credit Extended (Closing Date Only)

First-Time Homebuyer Tax Credit Extended (Closing Date Only)

Legislation was signed over the weekend to extend the closing deadline for the First-Time Homebuyer Credit. The extension moves the closing date requirement from June 30th, 2010 to September 30th, 2010. Please note that this does not open up the tax credit to those that do not already have an executed purchase agreement…it just allows...

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21 Jan Posted by Don in Mortgages | 1 comment

Changes Coming in FHA Requirements

Changes Coming in FHA Requirements

There are some changes coming in the FHA requirements that are worth noting.  The Federal Housing Administration has been under pressure recently due to higher defaults and falling reserves.  To be clear, you should know that the FHA doesn’t actually lend money to home buyers, but insures lenders against default of loans that meet FHA...

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06 Aug Posted by Don in Finances, Home Buying | 6 comments

Your $7500 Tax Rebate | H.R. 3221, the “Housing and Economic Recovery Act of 2008" | Why You Should Care Series – Post 2

Your $7500 Tax Rebate | H.R. 3221, the “Housing and Economic Recovery Act of 2008" | Why You Should Care Series – Post 2

UPDATE (2/24/09): Revisions have been made to this bill with the American Recovery and Reinvestment Act of 2009.  After reading about this bill, read about the changes made here. In this second post of our H.R. 3221, the “Housing and Economic Recovery Act of 2008″ Series, we talk about a provision included that allows most...

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First-Time Home Buying in 2008: 5 Reasons Why Now is a Good Time to Buy

First-Time Home Buying in 2008: 5 Reasons Why Now is a Good Time to Buy

With the constant barrage of negative media surrounding real estate these days, it’s no wonder that newlyweds and other first-time home buyers are putting their dreams of buying their first home on hold. But 2008 promises to be as good a time as any to buy your first home and here’s why: It’s a buyer’s...

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