There have been a lot of questions recently about the new tax credit for first-time home buyers. I say "new" because it does differ from the credit allowed in 2008. Here are the highlights: The tax credit is for first-time home buyers only. The IRS defines a first-time home … [Read more...] about The 2009 Home Buyer Tax Credit at a Glance
What Do the New Appraisal Guidelines Mean to You?
I've been talking about the new appraisal guidelines and what a problem it will be for those who want to refinance. In a nutshell, the mortgage originator will not be allowed to have any contact with the appraiser. This means that the person determining the value of your home … [Read more...] about What Do the New Appraisal Guidelines Mean to You?
The Best Explanation I Have Ever Seen
I found these videos on revolutionradio.org. Without question (and without the usual "jargon") these are the best explanations of what has caused our current predicament that I have ever seen. And it shows why it's much more wide ranging than just mortgages. Sit down with a … [Read more...] about The Best Explanation I Have Ever Seen
