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Real estate guru Carlton Sheets issued a release praising the effectiveness of creative financing strategies and urging the government to expand incentives for home buyers. He explains: “Real estate investors are using creative financing principles like never before to purchase real estate. However, those who attempt to use private or hard-money lenders are finding those avenues to [...] [...more]
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There’s some indication that the $15,000 home buyer tax credit that was squelched in Congress months ago may have new life. Originally, the idea was to give anyone a $15,000 tax credit for purchasing an owner-occupied residence. However, that plan was replaced by the current law which awards a tax credit of up to $7,500 for [...] [...more]
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In order to qualify for the federal Making Home Affordable refinancing program, you must have a Fannie Mae or Freddie Mac mortgage. But, how can you tell if you meet this requirement? The easiest way to find out is to pick up a phone and call your lender. They should be able to look up your [...] [...more]
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The federal government recently released more details on how to qualify for the new refinancing program. In a nutshell, if you want a federally-insured refi at a a lower rate, you must meet the following requirements: 1. you must live in the property as a primary residence 2. your mortgage must be insured by Fannie Mae [...] [...more]
