New Home Buyer tax credit proposal could strenghten housing market

GOP Plan Aims to Expand Home Buyer Tax Credits
By Renae Merle
Washington Post Staff Writer
Wednesday, March 25, 2009;
House Republican leaders plan to unveil a housing package today that would increase the tax credits available for home buyers and would direct law enforcement to crack down on mortgage fraud.
Under the proposal, borrowers refinancing their mortgage would be [...]

St. Pete Times article explains how to buy a 180K home for 121K

Should you buy now? Discounts look favorable in Tampa Housing Market-2009
Here’s a column from today’s St. Petersburg Times:  It’s actually the most cut and dry, easy to understand article that I’ve seen. It explains all the ways you can use today’s Tampa Real Estate Market, Low Interest Rates and the National Home Buyer Tax Credit to your advantage.  [...]

NEW FHA loan limits for Tampa, St. Petersburg Area!

GREAT NEWS!!!!
We are now able to use last year’s maximum loan limits on FHA which in Hillsborough, Pasco & Pinellas is $292,500
(much better than the &$271,050 we were rolled back to).
Don’t forget about the 8,000 tax credit for home buyers. This is not just first time home buyers, it is for anyone who hasn’t [...]

New 2009 Home Buyer Tax Credit Info-Tampa, Fl

The American Recovery and Reinvestment Act of 2009
ENHANCED HOME BUYER CREDIT
Who Qualifies?: Anyone who has not owned a home for the preceding three years. That means you may still qualify for the incentive even if you and your spouse owned a home more than three years ago.
How Much?: The incentive calls for a credit of [...]

Mortgage Rate Forecast 2009-CNBC Interview

If you’ve been on the fence about buying a home in the Tampa Bay area; you’ll want to read this news article about interest rates.
It’s hard to believe in today’s economic environment, but the overall Bond market, including Mortgage Bonds, are contending with the “I” word this morning…inflation…thanks to Fed member Frederic “Uncle Freddy” Mishkin.
Mishkin [...]

How does the first time home buyer tax credit REALLY work?

The frequently asked question about the new federal tax credit for first time home buyers is “does it have to be repaid”? The answer isn’t exactly a cut and dry and yes or no. 

What the government has defined as a first time home buyer is misleading in my opinion. It’s actually a big bonus because it really isn’t just [...]

First Time Home Buyer Down Payment Assistance-Tampa,Fl

Down Payment Assistance could mean buying a home with no money down. One of the biggest struggles with first time home buyers is coming up with the down payment and closing costs associated with buying a home.

The AmeriDream Downpayment Assistance Program was created to overcome the greatest barrier to homeownership, the downpayment. The program provides [...]