Posts Tagged ‘free money’

Rates have dropped again!

Friday, March 20th, 2009
WOW!!!
Can it get much better.  For those of you with qualified credit, rates on FHA mortgages have dropped to the MID 4s!!!! Keep in mind, THE GOVERNMENT IS GIVING UP TO $8000 TO FIRST TIME HOME BUYERS WHO BUY A HOME IN 2009!!!!!!!!!!  That coupled with the extremely low rates is a DREAM COME TRUE!!!

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Posted in Charlotte Real Estate Blog, Money Talk | No Comments »

New revised First Time Home Buyers Tax Credit…The Details!

Monday, February 23rd, 2009

Tired of Paying Rent? It’s official!…The new revision was signed last week. Take note first time homebuyers……..this is YOUR time to jump into the market!

A. Tax Credit is increased to $8,000

B. The income limits remain the same ($75,000 for an individual; $150,000 for a couple).

C. First Time homebuyers and Principal Residences only.

D. Tax credit is available until December 1st (previously it expired on July 1st).

E. Waiver of recapture (i.e. no repayment requirement) for properties purchased in 2009 prior to December 1st

  1. The provision is retroactive to purchases made on or after January 1, 2009.
  2. Recapture section does not apply to properties sold in first three years.

F. Waiver of prohibition on financing by mortgage revenue bonds is included.

There has never been an easier, better time to buy a home. Call me and ask about my rent buster program……I may be able to help you out of your lease.

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Posted in Charlotte Real Estate Blog, Money Talk | 2 Comments »