The announcement that the federal government has finally made a formal decision on the extension of the tax credit is good news. As a real estate agent, the last several months have been very difficult (and stressful) for those of us who are assisting first-time homebuyers. With the (original) deadline of December 1 quickly approaching, my [...]
Entries Tagged as 'Mortgages'
Homebuyer Tax Credit is Extended and Expanded – Is This Good News?
November 10th, 2009 · 1 Comment · Consumer Info, Mortgages, Real Estate
Tags: $6500 tax credit·$8000 tax credit·First Time Homebuyer·First time homebuyer tax credit·move-up homebuyer tax credit·Tax Credit·tax credit extension
How Much Credit is Too Much?
November 5th, 2009 · No Comments · Consumer Info, Credit Cards, Credit Reports, Mortgages
When starting your credit history from scratch, rebuilding from a bad financial period in your life, or if you have long established credit history, I get this question all the time, “How much credit is too much”? Or “How many credit cards should I have to have the best credit?” This is often a difficult question to answer, due to the black box nature of Fair Isaac’s FICO credit scoring model.
Tags: Car Loans·Credit Cards·Credit Score·credit scoring·debt ratios·Fair Isaac·FICO score·Mortgages·number of accounts·Payment History·too much credit·total available credit
Foreclosure Affects the Rich and Famous As Well
November 3rd, 2009 · 2 Comments · Consumer Debt, Mortgages, Real Estate
Being rich and famous is certainly no guarantee of future wealth, nor does it protect you from the law, paying your debts, or becoming a victim of the housing crisis. We hear daily about the record number of foreclosures that are affecting consumers across the country, but it is hard to imagine somebody we perceive [...]
Tags: famous foreclosure victims·foreclosure·housing crisis·mortgage debt·Real Estate·rich and famous·rich foreclosure victims
Debts and Finances Forcing Us to Move Out of Country
October 19th, 2009 · No Comments · Banking, Debt Collection, Debt Settlement, Mortgages
Q. This past summer we completed a short sale on our home. There was a first and second mortgage holder, and the first mortgage holder (major financial institution) assumed the second during the final negotiations. It was our assumption all debt was satisfied (and you know what you get when you assume).
Since the [...]
Tags: debts·finances·foreclosure·Out of Country·relocate·second mortgage·short sales·statutue of limitations·tolling
