Archive for the ‘Federal Loans’ Category

Honor from Childhood Throughout Life by Grandma Kris

Wednesday, April 28th, 2010

Remember when you were a lad or lassie, and you loved your brothers and sisters, your aunts and uncles? You loved to play with the neighborhood kids, and had a pact for life with those you loved: your brothers and sisters and neighbors. You kept your word, told the truth, shook hands on your honor, went to church, and believed in the ten commandments and endeavored to keep them. Your word was your bond. Contracts were not necessary. You could trust others and strived to do your best in school, while treating your elders with respect and dignity, because they treated you in a good manner, too. Your parents didn’t lock the doors of your home. Does that reflect today’s life?
It has changed in our lives since the 1950′s. What shall you pass on the the youth of today? Everyman could start with honor.

What is honor? Websters defines it in a 1940′s dictionary, because the newer dictionaries are corrupted with atheism and Darwinism. Honor-(honos, whence honestus, honest) Esteem paid to worth: high estimation: reverence: veneration: any mark of respect or estimation by words or actions: dignity: exalted rank or place: distinction: reputation: good name: a nice sense of what is right, just and true: scorn of meanness: a particular virtue, as bravery or integrity in men and chastity in females: one who is that which is a source of glory or esteem: he who or that which confers dignity(an honor to his country): title or privilege or rank or birth: one of the highest trump cards as the ace, king, queen, or nave(jack):, respect now restricted, except among the vulgar, to the holders of certain offices (judges) v.t. to respect or treat with honor.

The King James Bible defines honor in Exodus 20:12 Honour thy father and thy mother; that thy days may be long upon the land which the LORD thy God giveth thee. Deuteronomy 5:16 16 Honour thy father and thy mother, as the LORD thy God hath commanded thee; that thy days may be prolonged, and that it may go well with thee, in the land which the LORD thy God giveth thee.

Everyman influences 200 people they know in their community along with relatives to whom they are related. This number was told me by a Funeral Home, who has funerals for people all the time. You can give anyone respect. You can be an example to your children, your neighbors, your friends and strangers. The two-hundred people was before Social Media! Now one blogger can reach around the globe and across social lines. Opinions can influence, educate, inspire and change the minds of others in a more positive way. We blog, twitter(old fashioned telephone party line), You Tube(home movies for the world to see) and Face-(ourselves and others on an Internet) Book. I love the idea that I can tell stories to all the children, besides my own.

Every person grows up and has to wrestle with our Father and Mother. It is like facing our own failings and wanting to blame them. But they are imperfect and so are we. We can accept them with all their faults and love them for the good they gave us. The way to restore yourself is to forgive them the pain and suffering in your own life you think they caused. Then, decide how you will live your life and move past their faults into your new habits. The Bible is a manual of all the faults of mankind and how the LORD can change your life into something new, for God has prepared a new thing in your life.

For those children whose Mother and Father abandoned them, there is a heavenly Father, whose Son is Jesus who said if you call on my name and accept me as Lord in your life, I will never leave you or forsake you. You will become my children, my heirs,and the adopted heirs of my kingdom for which there is no end. Jesus said I go to prepare a place for you(when you die) if it were not I so I would have told you. I know about abandonment, for my family abandoned me. It is very painful, but Jesus comes and fills that place that was designed for Him when he created you. It was His Master plan that you would never be alone. He love me and I love Him. And He will do the same for you.
So, when you are lonely, go help your neighbor. If you both walk together, you can help one another. Learn to help others and the good will come back to you. The Bible says give and it shall be given unto you pressed down, overflowing. Go and find a Christian Church and they can become your new family, for they are part of the kingdom of God on earth until we get to heaven.

I think honoring people is the best way insure that you have a place, too. However, a proverb says, “If you call evil good and good evil, evil will come into to your house forever.” You must use discernment of the character before you honor them.
You can respect everyone even when they are mean to you.

The hardest lesson I have learned in the Bible is this one. “Bless those that curse you, do good to them that revile you. . . ” When dealing with other people someone is going to offend you. It is better if you can learn not to take offense. It doesn’t matter what color your hair, your teeth or your shoe size. You cannot change that, and neither can the other person. You can change your mind, your attitude and your outlook of how we judge others. That is where we get into trouble: judging others. We have discernment between what is good and bad. That is built into us from childhood by our Creator. Judgment belongs to the Lord God. He says, “Love your neighbor, do good to them . . . ” Start there. Whatever is good, whatever is kind, make room for your neighbor to live beside you and give them graceful allowances for their differences that are not like you. One of you has to reach out to another. It might as well be you.

We desire to belong and connect with others. We want to be part of a community and neighborhood. Let it start with you. Give and it shall be given unto you, pressed down and overflowing will be given back to you.

$8,000 Federal Tax Credit Ends on November Time Crunch. Did you sign the Home Sales Contact, today? 2009

Sunday, November 1st, 2009

Updated Nov 1, 2009

The Federal Government wanted to stimulate the economy by giving an $8,000 tax credit for first time home buyers. Buyers are on a time line countdown. Think about this:

It takes 30-45 days to close the loan once you have a signed contract with a seller. The financing and closing takes this long. Some in-house lenders can do an FHA in 2 weeks. Some wholesale loans in FHA can close in two weeks depending on the wholesale provider. Ask your lender.

However, you are entering the Time Crunch Zone! You and everyone else is trying to close before Nov. 30th, 2009. Closing by the end of the month prevents you from bringing one month’s taxes to the closing table on December 1.

It is November first. That means property taxes are due. You may have to negociate that costs with the seller in order to make all the payments at closing of the loan. Let’s say you are required to pay a years taxes at the closing table, you may negociate that with the seller and see if you can add to the loan amount to include the tax costs into your loan. Remember, the house has to appraise to qualify for the loan. Ask your Realtor about that or your Loan Originator.

So, make sure you purchase and sign the contracts as soon as possible!

Make your closing date closer to Nov 15 than the end of November. You want some time to extend your closing date if you need to, plus you want to avoid the Nov. 30th deadline. You could be crowded out by the  public at the end of the deadline date. The  Title companies are overworked and over scheduled at the last 10 days of the month, especially on this Nov. 30th deadline.

The stock market is rising, so the interest rates are edging up, today.

When was the last time you remember the interest rates at five percent? -back in 2001-2002?  That is when everyone was refinancing.

Here’s a big piece of the tax refund from the IRS: remember, you must live in the house for three tax years or you will have to repay the IRS!

Set your calender, You would be best to buy a house, today, if you are hoping to get the best deal. A tax rebate of this size is on the table right now!

Nov 6, 2009  The President Barak Obama signed the Home Buyer’s Tax Credit Extention, today. IF you want your tax credit in  Feb 2010, you must purchase by Nov 30, 2009. The old law still governs this year’s tax code for First Time Home Buyers. Check with your CPA to know the facts.

YouTube Video on sidebar: “First Time Home Buyers NAHB”

www.FederalHousingTaxCredit.com Federal Website that explains the tax credit.

There is no official extention of the tax credit deadline. All talk and no walk results.

Target line: November 30, 2009   Dead line: Dec 1, 2009 Bring property taxes to closing for 30 days. Ask your lender and Realtor about other fees.

No Vote This Week on First Time Home Buyers Extention Nov 30, 2009

Friday, October 30th, 2009

October 30,2009

The Bloomberg report stated that there will be no vote on the Home Buyer’s Tax Extention this week or the unemployment benefits. The current law countdown to complete your loans is ticking down to Nov 30, 2009.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aoI9KTlHpwzI

http://www.mcall.com/classified/realestate/sns-200910271751tmsrealestmctnig-a20091029oct29,0,5362048.story

$8,000 Tax Extention Bill No.H.R. 2801 (111th Congress) 2009-2010 Home Ownership Moves the Economy (HOME) Act of 2009

Saturday, October 24th, 2009

Revised Oct 25, 2009

The current Washington DC Administration last reported news was August, 2009, concerning Bill 2010 tax credit extention.

A vote did not come last week in WA HR. The vote this week was postponed to tighten the loopholes for agencies. See the link at the bottom of the article.

My Father said, “Beginning is one-half done, but finishing is better.”

Selling homes last summer was the hot season for real estate. Let’s pass the bill extention of the tax credit through the cool winter months to keep the property sales going to first-time home buyers.

The Nat. Association of Realtors quoted 300,000 homes sold to first-time buyers. That is a small count considering the number of people in America.

The President, the Congress and the House of Representatives can pass Bill 2801 for an American  

Christmas Present  and a Prosperous New Year ending 2009 for the 2010 home-buying season.

http://www.california-fha-loan.com/is-the-8000-tax-credit-going-to-be-extended/comment-page-1/#comment-14

 The current $8,000 Tax Rebate is given through  the IRS. The IRS link below is the Q &A , revised on  Sept 29, 2009.,

http://www.irs.gov/newsroom/article/0,,id=206291,00.html

HR Bill 2801 was postponed on  a vote last Tuesday to tighten the loopholes on Rating Agencies until next week. Read the full report on the link below.      http://www.mcclatchydc.com/227/story/77481.html  

Read more at: http://www.huffingtonpost.com/news/economy?show_comment_id=33283435

Moody’s stories from Mcclatchydc on selling ratings:

http://www.mcclatchydc.com/329/story/77244.html

Moody’s response    http://www.mcclatchydc.com/homepage/story/77312.html

Better Watch dogs for RE needed   http://www.mcclatchydc.com/329/story/76829.html

SEC reviews trading systems         http://www.mcclatchydc.com/homepage/story/77542.html 

HR Panel to reform finaces  10/14/2009   http://www.mcclatchydc.com/329/story/77178.html

Treasury Urged to Cut Mortgage Rates

Wednesday, December 3rd, 2008

12/3/2008

Mortgage rates may be dropped to 4.5%.

http://www.msnbc.msn.com/id/28039392

Fed will unleash $800 billion more: Nov 26, 2008

Wednesday, November 26th, 2008

Fed will unleash $800 billion more, purchase of securities is intended to help consumers grow.  by Martin Crutsinger, Wed Nov 26, 2008 Columbian newspaper article, Front page.