Today our Coldwell Banker United office in Mooresville hosted an enthusiastic presentation by Louise Mack, President and CEO of Prosperity Unlimited, a local non-profit housing counseling agency. They help people hold onto the houses they have or help them purchase a home. Louise is a “ball of fire” and really knows here stuff. I think we’ve [...]
Posts Tagged ‘first time home buyers’
Getting Mortgage Payment Help
Posted in Finance, General Real Estate Market, Iredell County, Real Estate, tagged credit counseling, first time home buyers, Home Buyers on October 20, 2009 | Leave a Comment »
Extend the First Time Home Buyers Tax Credit?
Posted in Finance, General Real Estate Market, Real Estate, tagged first time home buyer tax credit, first time home buyers, prime the pump on October 12, 2009 | Leave a Comment »
This is an important week! This is the beginning of the end of the availability of the first time home buyers tax credit. Some would say, ” but it doesn’t run out until Dec. 1!” That’s true. So, if you are a first time home buyer (or have not owned a home within the last 3 years), [...]
Short Sale Frustration
Posted in Finance, General Real Estate Market, Iredell County, Mooresville, Real Estate, tagged first time buyer tax credit, first time home buyers, Home Buyers on October 9, 2009 | Leave a Comment »
I have been working with a client couple for many weeks to find them a home in the Mooresville area. After several trips looking at listings, we found just the right home. It was in a neighborhood they liked, had the size and features they liked and was in the right price range. So, we made an [...]
Is FHA Sky Falling? Maybe Not!
Posted in Finance, Real Estate, tagged fha, fha funding, fha loan limits, first time home buyers on September 21, 2009 | Leave a Comment »
There was chatter on Twitter last week (yes, I’m there from time to time) about concerns for the financial health of the Federal Housing Administration (FHA). This is very important to anyone concerned about keeping up some momentum in housing sales. That means pretty much everyone since we’ve seen how strongly the US economy is tied to [...]
Different Lenders, Different Results
Posted in Finance, Real Estate, tagged first time home buyers, Home Buyers, mortgage lenders, mortgages on September 17, 2009 | Leave a Comment »
While working with some buyer clients this past week, we had conversations with a lender rep from a “big bank” and a lender rep who is with an independent broker. I always suggest that my clients shop the market to ensure they are getting the best mortgage rates and expenses. All borrowers have different situations [...]
IRS Q&A on First Time Home Buyer Tax Credit
Posted in Finance, Real Estate, tagged $8000 tax credit, first time home buyers, first time homebuyers, home buyer tax credit on September 10, 2009 | 3 Comments »
We’re closing in on the final date to be able to claim the up-to-$8,000 first time home buyer tax credit. Home purchases have to be closed by November 30, 2009. Since it’s taking up to six weeks from contract to close on home loans, a first time buyer needs to have found the house they [...]
Who Can Afford a House?- Bad News, Good News
Posted in Finance, General Real Estate Market, Real Estate, tagged first time home buyers, Home Buyers, housing affordability, housing affordability index, Iredell County Real Estate, Lake Norman Real Estate on August 26, 2009 | Leave a Comment »
I recently received a chart from the Charlotte Regional Realtor Association that compares the hourly wage required to buy an average priced home with the hourly wages of a variety of workers, several of them working for us in the public sector. We saw numbers for various parts of NC. Here are a couple of [...]
First Time Home Buyer Tax Credit News
Posted in Finance, General Real Estate Market, tagged first time home buyers, first time homebuyers, tax credit on June 2, 2009 | Leave a Comment »
I told you last week that HUD has decided to allow FHA approved lenders to offer a bridge loan in order to enable first time home buyers to use the $8,000 tax credit for additional down payments and closing costs (FHA still requires the buyer to provide a minimum 3.5% down payment). I’ve talked to several lender [...]
$8,000 Tax Credit Now Available Up Front
Posted in Finance, General Real Estate Market, Real Estate, tagged $8000 tax credit, first time home buyers, first time homebuyers, HUD on May 29, 2009 | Leave a Comment »
Great news for first time home buyers that we’ve been hoping for! Today, Shaun Donovan, secretary of the Department of Housing and Urban Development announced that they’ve worked out the details of allowing lenders to make a bridge loan to first time home buyers for the $8,000 tax credit so that it can be used [...]




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