2009 New Loan Limits “High Cost” Areas
Is Now A Good Time To Buy A Home? Rent vs. Own
Posted by yourmortgageplanner on Feb 25, 2009 in Featured Articles, FHA, Financial Awareness, FTHB | 0 comments
As far as financial awareness is concerned there are multiple factors to take into consideration when weighing the benefits of purchasing a home. Yes there are tax breaks and credits and we are looking at the possibility of massive inflation. “Is Now A Good Time To Buy A Home?” As discussed in...
2009 Conforming Loan Limits Return To $729,750 In High-Cost Areas
Conforming mortgages are limited by loan size, based on “typical” housing costs around the country. The current conforming limit on a single-unit property is $417,000. In 2008, as part of the Economic Stimulus Act of 2008, Congress authorized conforming loan limits increases in...How Does the Obama Stimulus Plan Help Me
Posted by yourmortgageplanner on Feb 17, 2009 in Featured Articles, Financial Awareness, One Step Ahead, Random/Old BlOgS | 0 comments
Tax Credit for Homebuyers
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to...
Fannie Mae Rolls-Back Investor 4 Property Limit
Posted by yourmortgageplanner on Feb 12, 2009 in Financial Awareness, Investors, One Step Ahead | 3 comments
Fannie Mae rolled-back one of its least popular mortgage guidelines updates of the last 12 months.
Effective March 1, 2009, real estate investors can once again own and finance up to 10 individual properties. The restriction reversal does come with new minimum requirements, however.
Homeowners buying a 5th,...
