Sue's News and Views - Mortgage Blog

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First Time Home Buyer Tax Credit - TIME IS RUNNING OUT!

Here is a video that gives some important information about this credit, information that I hadn't really thought about until recently. Because I know that I hadn't thought about it, I feel it very important to share this information with any and all potential buyers - they really don't have much time remaining!  If you, a friend, a client, a family member, or someone you work with is still on the fence about buying, you need to send this to them@

Click here to see the video and share with anybody you know that is contemplating on buying a home but is still undecided and hasn't yet put an offer on a house!!!!

Comment balloon 5 commentsSue Botelho • September 26 2009 12:03AM
First Time Home Buyer Tax Credit - TIME IS RUNNING OUT!
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Here is a video that gives some important information about this credit, information that I hadn't really thought about until recently. Because I know that I hadn't thought about it, I feel it very important to share this information with any and… more
What Makes a Loan Officer a Success?
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I am being interviewed for a podcast that will be on iTunes this coming week and the subject is "What Makes a Loan Officer a Success". Having pondered this, I have concluded that two traits are needed: knowledge and involvement. … more
USDA Rural Housing Mortgages - Increased Income Limits
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On Monday, April 20, USDA Rural Housing income limits were increased. Here are our local limits and, if you are located elsewhere, just email me and I can tell you the limits in your area. Okaloosa County: If there are 1-4 persons in… more
It's Official - USDA Rural Housing Increased Income Limits to go Into…
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USDA Rural Development has confirmed that the proposed change in the income limit structure for the USDA Guranteed Rural Housing Program will be implemented as planned on April 20th This will allow a lot more people to qualify for one of the only… more
10 Real Estate Deal Killers…
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I attended a class the other day called "10 Things to Ask Your Buyers Before Taking Them House/Condo Hunting" and will be addressing those issues in an upcoming blog entry but wanted to put together a list of what can kill a deal for a… more
Update on USDA Income Limit Increases
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I wanted to share the response I received from someone at USDA today on the increase in the income limits. It still sounds very promising! Here is my ‘canned' response sent to all inquirers. If it happens (we're very optimistic), it… more
How Many Homes Can Be Sold With a Start Rate of 3. 25% on a Fixed Rate…
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Imagine this: You, as a Realtor have a house listed for sale and a motivated seller. This seller is willing to pay up to 4% to 6% or higher towards the buyers' closing costs and prepaids. You have a prospective buyer that qualifies for a USDA… more
With Rates So Low, What Happens If I Lock in a USDA Loan and Don't…
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Currently, the investor we use for our USDA Rural Housing loans offers two rate lock extensions up to 60 days each, so that you can actually get 120 days extension. They do charge for this and we have been told that, effective today, December 18,… more
USDA Rural Housing Program - Buyer Can Get 2/1 Buydown with Start…
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Based on today's rates, a buyer can get a 30 year fixed rate mortgage on a 2/1 buydown (rate is bought down 2% the first year and 1% the second year) with a rate of 3. 75% the first year, 4. 75% the second year, and 5. 75% years 3 through 30! This… more
Proposed Income Limits for USDA Rural Housing Loan Program Go Into…
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As long as nobody complains, the proposed income limits will go into effect on January, 20 for the USDA Rural Housing mortgage program. The tables below are for FLORIDA only; other states will have the increases, as well, but the amounts will vary… more