Financing Your Home

By amurphy on January 11, 2010

Want credit and need answers? The following information will help you!

By amurphy on December 4, 2009

If you want a higher interest mortgage rate, keep waiting!

By amurphy on November 5, 2009

Getting a pre-approval is the one of the first steps in the home buying process, but that alone doesn’t get you to the closing table. Knowing the rules ahead of time can help you steer clear of unnecessary pain and suffering. The world of mortgage has changed dramatically in the past few short years. At the peak of the real-estate bubble, mortgage professional joked that you needed a pulse and a social security number to get a loan. These days, even borrowers with good incomes and good credit scores can get turned down.

By amurphy on November 5, 2009

By an 85 to 2 vote, the first-time homebuyer tax credit, due to expire at the end of November, is expected to be extended to contracts written by the end of April and closed by June 30 of 2010.

By amurphy on November 2, 2009

We’re approaching double digit unemployment rates, Wall Street continues to be undependable, and credit card companies are changing their rules left & right even for the highest credit scoring cardholders. The economy is crazy, so who in their right mind is buying a house?

By amurphy on October 30, 2009

Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November.

Senators agreed to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years

By amurphy on October 27, 2009

Banks often buy their own properties at Sheriffs’ auctions and immediately begin to market these properties for sale. Buyers of these foreclosed properties are hanging in limbo waiting for deeds to be processed by the Sheriff. Some of these buyers still have hopes of closing before December 1st, the current deadline for the $8000 tax credit. Will they close?

By amurphy on October 13, 2009

Out of USA military extension could pass the House as early as Thursday, October 15th.

By cpierson on October 7, 2009

Home prices in the current market are very attractive, and many potential buyers are hoping to cash in on a great home at a good price.  A great idea, but not necessarily a simple or easy feat, right?  It is still an option that requires money for a downpayment and other costs.  Navigating the current [...]

By amurphy on September 29, 2009

A house typically is a family’s largest investment, so buy right and don’t screw up! The purchase can pay off nicely in the long-run, or could cost more than you have. Here are 10 tips to help make a wise decision.