Archive for November, 2009
The Low-Down on Homebuyer Tax Credits
Nov. 12, 2009 – Last week, President Barack Obama signed a law that extends through next spring a temporary tax credit of up to $8,000 for some first-time home buyers, which was due to expire Nov. 30. The law also adds a new tax credit of up to $6,500 for certain repeat home buyers. The [...]
Posted: November 13th, 2009
Steve’s Mortgage Minute – Thoughts on Reverse Mortgages
HUD acts to punish Financial Mortgage
Honolulu-based Reverse Mortgage lender misled elderly, agency contends
I read this news piece over the weekend and felt compelled to give you my thoughts on this situation. Reverse Mortgages are a good program for some borrowers, but not all. In addition, I fear that Reverse Mortgages are the primary way that [...]
Posted: November 5th, 2009