Can the Cost of Gas Impact Bay Area Interest Rates? News on Inflation

Can the Cost of Gas Impact Bay Area Interest Rates? News on Inflation

Is the cost of Gas going to affect home buying decisions in the Bay Area? Maybe... Inflation pressures are mounting in the United States. And, Friday, the Consumer Price Index should prove it. Cost of Living More commonly called "The Cost of Living Index", CPI measures cost changes in … [Read more...]

Mortgage Lingo- PITI Pronounced “pee-eye-tee-eye”

Mortgage Lingo- PITI Pronounced “pee-eye-tee-eye”

First time home buyers that come in to my office sometimes think that once you make your payment to the bank of principal and interest their financial obligation is complete. When you own a home, your fiscal responsibility to the lender goes deeper than just your monthly principal + interest … [Read more...]

First time home buyers and home owners there’s 30 days left to claim home buyer tax credit. Here’s the scoop—

First time home buyers and home owners there’s 30 days left to claim home buyer tax credit. Here’s the scoop—

Taking advantage of the federal government's homebuyer tax credits could get you up to $8,000 - if you don't delay. You'll need to enter into a legally binding purchase contract by April 30, 2010, and close on the home by June 30, 2010 (and don't even think about claiming the credit before your … [Read more...]

$8,000 Tax credit back on the table to buy a home for first time home buyers-

$8,000 Tax credit back on the table to buy a home for first time home buyers-

This article best explains the new changes of borrowing against your $8,000 tax credit to buy a home if youre a first time home buyer. HUD Clarifies Tax Credits Borrowers still need 3.5% of own funds May 29, 2009 By MortgageDaily.com staff The U.S. Department of Housing and Urban Development has … [Read more...]

Feds reverse rule to assist first-time home buyers downpayment assistance

Feds reverse rule to assist first-time home buyers downpayment assistance

Federal officials on Monday reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home. A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that … [Read more...]

First Time Home Buyers- Mortgage Protection Program

On Thursday, April 2, 2009 the Housing Affordability Fund has launched a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage … [Read more...]

City of Livermore, CA First Time Home Buyer Down Payment Assistance

City of Livermore, CA First Time Home Buyer Down Payment Assistance

If you are a first-time buyer looking to purchase a home in Livermore youre one step closer to your goal by reading this. The City of Livermore has money for you and the time to call me is now! This program provides financial assistance to low to moderate income first time home buyers in the form of … [Read more...]

8,000 Reasons to Buy a First Home

First-time home buyers who purchase a home before December 1, 2009 may be eligible to take advantage of an $8,000 tax credit as part of the American Recovery and Reinvestment Act of 2009.  Qualifying first-time home buyers may claim a tax credit of ten percent of the purchase price, up to $8,000, or … [Read more...]

Expansion of First-time Home Buyer Tax Credit for the Bay Area's home buyers-

Recessions hit us all differently.  Al Capone once complained that hard times forced him to lay off 4 judges and 2 Congressmen. In this case the rescission is benefiting you if you're a first time home buyer. The Stimulus package that was recently signed by President Obama did include tax credits … [Read more...]

First Time Home Buyers $8,000 Tax Credit for Bay Area Purchases-

The Bay Area and myself expected a $15,000 tax credit for all home buyers in the economic stimulus package that was signed this week. Instead I would describe the bill as mediocre,  pathetic, and somewhat lame.  The $789 billion bill at least cuts $100 billion of wasteful spending that would have … [Read more...]