Posts Tagged ‘home’

$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

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Posted in Buying Property, Common Sense Spending, Federal Loans, First-Time Home Buyers, Recession busting, Selling Property, Teamwork, US Economy | 9 Comments »

Thinking of buying your first home?

Friday, September 26th, 2008

You don’t have to know everything to buy a home, but you need to get some experts on your team.  First, start saving about 3% of the price of the home.  Let’s say a $200,000 house-that is $6,000 .  You want to go see a Realtor, a Mortgage Broker and talk about what are my next steps.  If your credit needs work, you need to be around 600 FICO score to get a good rate at a minimum.  I’d be glad to talk to you in the Clark and Cowlitz County area.

Stop buying on credit and pay your bills faithfully.  Be on time with your payments.

If you want to use your credit card that you will pay off each month with cash you have, that will increase your credit score.  Make sure you can pay it off each month.

If you have more than two credit cards, keep the two that you pay the least interest per month and pay off the other cards.  Have them blocked, but not closed.  You are not using them, and they still show up on your credit report.  Don’t apply for any more credit, cards, furniture or purchases.  Just pay your bills and get to a place where you can pay off most all you owe.

See your Mortgage Office at the beginning of the desire to purchase.  They will give you the shortest route to the purchase of your new home.  Ask them for a pre-approval letter to give to your Realtor,

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Posted in Buying Property, First-Time Home Buyers | No Comments »