First time home buyers
Home Buyer’s Tax Credit About to End
February 28, 2010 by Jeff Thomas · Leave a Comment
Fairfax, Virginia
You’re probably up to your neck by now in forms and paperwork as the April 15th income tax deadline approaches. Maybe you’ve already completed your taxes, paid your bill, or are awaiting your refund check. Either way, now is the perfect time to revisit the extended and expanded Home Buyer’s Tax Credit.Why? Because now, [...]
Write-offs to Remember
February 12, 2010 by Jeff Thomas · Leave a Comment
Deductions in the Loan Process For Homeowners in Fairfax, Virginia
Write-offs are the government’s way of rewarding taxpayers when they’ve done something the government likes. And to judge by the write-offs, the government likes it when people borrow money to buy a house. There are write-offs aplenty, many of which people often forget.
Fairfax, Virginia homeowners need [...]
Time is Running Out for Significant Savings!
February 10, 2010 by Jeff Thomas · Leave a Comment
The Clock is Ticking!
Time is Running Out for Significant Savings!
Attention home buyers! Waiting to buy a home could cost you nearly $20,000 or more over a seven-year period if you time your purchase incorrectly. While the actual impact will vary depending on purchase price, the impact will certainly be significant because of stimulus programs scheduled [...]
Those Who Wait Will Pay Thousands More This Spring
February 3, 2010 by Jeff Thomas · Leave a Comment
Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and [...]
Market Trends
January 26, 2010 by Jeff Thomas · Leave a Comment
Mr. Market seems to be wanting to move down for the second leg of the correction – I’d expect markets to continue to sell off here on the indexes, and with that will go a further drop in consumer confidence which could weigh heavily on housing in the months ahead. To see the existing [...]
Homebuyer Tax Credit and IRS Form 5404
January 24, 2010 by Jeff Thomas · 1 Comment
Fairfax, Virginia:
The Worker, Homeownership, and Business Assistance is the larger bill that included the homebuyer tax credit additions. Taxpayers wanting to take advantage of the first time home buyer credit (up to $8,000) or the new repeat home buyer tax credit (up to $6,500) can now get the revised IRS form 5405 to submit with [...]
90-Day Seasoning Waiver Expanded
January 18, 2010 by Jeff Thomas · Leave a Comment
90-Day Seasoning Waiver Expanded
Fairfax, Virginia: This update from FHA Virginia Loans was released on Friday January 15th, 2010, as an excerpt from the CFR (Code of Federal Regulations) without a corresponding Mortgagee Letter and contains information about FHA’s policies regarding the waiver of the 90-day seasoning required for sellers.
Here are the 6 things you need [...]
2009-2010 Tax Credit Video
December 9, 2009 by Jeff Thomas · Leave a Comment
The Senate voted to extend the $8,000 first-time home buyer tax credit for home buyers in the Fairfax, Virginia and Alexandria, Virginia areaa. Additionally, the new bill also includes a $6,500 credit for existing homeowners who have been in their current residence for at least five years. The tax credit has been extented to November [...]
Senate Passes Unemployment Extension, Home Buyer Tax Break
November 5, 2009 by Jeff Thomas · Leave a Comment
The Senate voted to extend the $8,000 first-time home buyer tax credit. Additionally, the new bill also includes a $6,500 credit for existing homeowners who have been in their current residence for at least five years.
read article»
NAR summary and comparison
Summary:
The Refurbished Home Buyer Tax Credit Details
Current
Existing $8,000 tax credit is through [...]
Home Sales Increasing
October 30, 2009 by Jeff Thomas · Leave a Comment
Rebound in Existing-Home Sales Shows First-Time Buyer Momentum October 23, 2009 – Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months. House values seem to be turning around for our area. Check out the link below. http://www.realtor.org/research/research/ehsdata
Home Buyer Tax Credit Extended?
October 29, 2009 by Jeff Thomas · 1 Comment
Looks like the Tax credit will be extended with some help for current homeowners. See this article
The Homebuyer tax credit might be extended check out this article:
http://tinyurl.com/yh8amph
I am not sure if this is good for the country as a whole. The actual cost of the tax credit is well beyond the $8,000 credit to [...]
$8,000 First Time Homebuyer Tax Credit Extension
October 28, 2009 by Jeff Thomas · Leave a Comment
The extension of the $8,000 first time home buyer tax credit is still up in the air. Most think real estate in Fairfax, Alexandria and Prince William counties will suffer if teh measure is not extended.
FHA Streamlined 203(K)Loan
October 23, 2009 by Jeff Thomas · Leave a Comment
If you’ve been passing up on buying a home because of the expense of anticipated cosmetic repairs, you’re missing out on a great opportunity. Sure, it used to be that if you bought a home and then applied for a home equity loan to pay for repairs, the result would be two separate loans (or [...]
$8,000 Tax Credit Ending Soon
October 17, 2009 by Jeff Thomas · Leave a Comment
October 17, 2009 by Jeff Thomas
Now is the time to get into gear if you want to take advantage of the $8,000 first time home buyer credit. Fairfax and the surrounding county’s have more affordable homes than in recent memory. We have what most of us will most likely remember later in life as the perfect [...]
The Race for Equity
October 16, 2009 by Jeff Thomas · Leave a Comment
Choosing the Right Loan Program
Those who take property ownership seriously often look for options to build equity at a faster pace. An aggressive approach is to select a 15-year loan program over a 30-year mortgage.
A 15-year loan works well for home buyers budgeting time and money, those who are possibly looking forward to a [...]
