If you want to purchase a home but don’t qualify with traditional lenders, you may still be able to get a loan via creative financing techniques. Whether you have bad credit, a low down payment, self-employment issues, or other problems, there are dozens of realistic and financial sound solutions available. The trick is figuring out [...] [...more]
A lot of people can’t qualify for a traditional home loan in the current market, but that’s not stopping them from seeking creative financing strategies. The $8,000 first-time home buyer incentive and declining home values are making some people consider purchasing property while others are struggling to get out of upside-down loans. Credit.com points out the [...] [...more]
Included in the federal stimulus legislation is a first time homebuyer tax credit. In a nutshell: citizens purchasing a home for the first time can receive a credit of up to 10% (or 8k) of the purchase price when they file their taxes. Market Watch reports: “In the earlier Senate version of the bill, the amount was [...] [...more]
Under the new Homeowner Affordability and Sustainability Plan, a whopping 9 million Americans may be able to refinance with lower rates and incentives for paying on time. Although the complete details won’t be available until the beginning of March, the White House just released their preliminary plans. Basically, there are two groups of people the foreclosure [...] [...more]
