Mortgage Rates April 15, 2009

Mortgage Rates ended the day without a change, after an early afternoon scare.  Rates worsened earlier today as the FNMA 30 YR 4% MBS fell 21bp.  Rates stabilized as the MBS regained its foothold to close the day where it opened.  In other Real Estate news Obama’s Loan Modification program is now in...

Update On 2009 First-Time Homebuyers Tax Credit

Rer IRS Website: This year, qualifying taxpayers who buy a home before Dec. 1, 2009, can claim the credit on either their 2008 or 2009 tax returns. They do not have to repay the credit, provided the home remains their main home for 36 months after the purchase date. They can claim 10 percent of the purchase...

Social and Micro Lending

You’ve probably heard of social networking sites like MySpace and Facebook, but have you heard of social lending sites? Over the past few years, several websites have sprung up that combine features of the omnipresent social networking sites, and commerce sites like eBay®. These sites allow...

Mortgage Tax Tips 2009

There are 138 million taxpayers in the United States and, according to the IRS, 20 percent of them file their taxes within 7 days of April 15.  In a holiday-shortened week, that means that 27 million people had better get a move on. And while a portion of this year’s last-minute filers will file...

One Week to GO! Get to the IRS on Time Even If You Can’t Pay

Have you ever completed your tax returns only to find out that you owe way more to Uncle Sam than you were expecting – or worse, that your tax bill is more than you can possibly afford to pay right now? Don’t worry. If this is the case, you’re not alone. And, more importantly, you’re not...