Tax Credit HAS BEEN extended!

The $8000 first time homebuyer tax credit has been extended. ALSO, there is a credit for the homebuyers that currently own their home, and are upgrading. To read more, click HERE.

Also, here is the form that you will need when applying for the tax credit (This form is good for a home purchase in the year 2009. Speak with your tax advisor for more details).


IRS Form 5405 - First-Time Homebuyer Credit -

"Rates On 30-year Fixed-rate Mortgages Below 5%"

"House approves extension of jobless benefits, homebuyer tax credit; measure goes to President Obama..."

I would assume that the extension will be signed, but we will continue to wait and see...

Home Buyer Tax Credit: Final Deal?

This is still moving through the system...we will wait and see what happens.

Stay tuned...

GDP - News of the day

Everyone interprets this report differently. Here are 2 different links to read, and decide for yourself;
FOX and CNNMoney. What do you think the GDP report means? Share your thoughts below...

Mortgage Applications Slump Third Straight Week

HVCC News

This link is to a video with updates about HVCC. It looks like the 'code' reform is now headed to the Senate and the House to be voted on...If it does pass, that will be a VERY good thing! The petition link that was in this post, did play a part, so thanks for signing it!

FHA and VA Streamline Refinance

These products are fantastic for customers that seek to reduce their rate, without taking any cash out of their home! I can refinance your existing FHA or VA loan without an appraisal, and with limited documentation. I must verify that you have made your mortgage payments on time for the last 12 months, and the credit score needs to be a minimum of a 620. To determine if the loan makes sense for you, please gather these 2 documents and send them to me...(HUD and NOTE from your last closing)...


HUD-1 -

Multistate Fixed-Rate Note -

Then complete this form and fax it to me, along with the above forms, to receive a loan approval. - 800-478-0458

Streamline Loan Application -

I look forward to working with you!

Documents Search

If you are looking for any specific tax document for mortgage form, I am sure that I have posted it here. If you do not see what you are looking for, email me, and I will upload it for you!

Yet another housing bailout on the way

As I read this, it still seems fairly vague...I am unsure how this will help my customers. I will wait for more details, and share them when they are released.