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April 2010 - Posts

Tax Credit Deadline

Hurry! Hurry! Tonight at midnight is the deadline to lock in a contract in order to recceive the tax credit. Don't let that free money slip away!
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Get Moving to Qualify for the Federal Homebuyer Tax Credit

By MARTY KRAMER, Consumer columnist It’s coming down to the wire. You have only until the end of April to get a house under contract if you want to take advantage of the federal homebuyer tax credit. While that’s a tight deadline, it’s
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First Time Buyer Tax Credit

Only 5 more days to lock in the First Time Home Buyer Tax Credit and don't forget the $6,500.00 tax credit for other home buyers. You must be locked into a contract by April 30, 2010 in order to qualify and you must close by June 30, 2010. Don't

Is your purchase affected by hidden costs?

I’ve heard of a Trojan horse, but a Trojan house? By GABRIEL LOPEZ Imagine if you will, Hector and his wife Andromache purchase a new home from a builder. They have paid for inspections, appraisals, possibly surveys, an option fee, closing costs,
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How Texas escaped the real estate bust

How Texas escaped the real estate bust Texas REALTORS® credited for helping state avoid real estate meltdown Due to the proactive efforts of Texas REALTOR®, our state did not suffer the significant erosion in real estate values or high foreclosure
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Can I Be a Home Owner?

How Much Can I Afford? Determining your ability to comfortably pay monthly mortgage payments is something for which lenders will use established guidelines. A general rule is that a household's mortgage payment should not exceed 36% of its income
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How to Get the Extended Home Buyer Tax Credit

How to Get the Extended Home Buyer Tax Credit You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here's what you have to do to get your benefit: Close on your home purchase between November 7, 2009 and
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Payment options when refinancing retirement with reverse mortgage

Payment options when refinancing retirement with reverse mortgage By BOB JEFFRIES POSTED: April 2, 2010 Example: You are 73 years old and own outright a $200,000 home. With an HECM loan you get a line of credit or a lump sum advance. If the house is worth
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