Friday, September 25, 2009

Time is ticking away.

It appears that the deadline for the $8,000 tax credit will be November 30,2009. You must occupy the home on or prior to that date to qualify for the credit. According to an article that ran today in the Washington Post their have been numerous bills but non have obtained any ground. The Obama Administration is mum on their position. The question is what value has it brought to the table and is the price tag to high and results to low to continue with the credit, time will tell. For now if you are on the fence you need to act now. Turn times on lenders are improving but we are only 60 days away and if you are looking at a home that is in a short sale situation that doesnt allow much wiggle room.
Thursday, September 24, 2009

USDA the 100% alternative

Many people are unaware of a program that is still available to provide 100% financing. The program is commonly known as a rural development program and provides two types of financing. The first is a guarantee program offered to lenders similar to a FHA loan. The second is a direct loan from the USDA. Both programs have income maximums and also have geographic limitations. The website is user freindly and in about 15 minutes you can determine if you will qualify based upon your income and you can also confirm whether or not a property you are looking at will fall within the geographic boundaries. Most local lenders are familar with the program.

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Valparaiso, IN, United States
Northwest Indiana's Premier Mortgage Lender. Our team has over 40 years experience in the mortgage industry. We offer very competitive rates and programs to serve your financing needs. We know that every loan is unique and there is no such thing as a cookie cutter loan. Call us today so we can put YOUR loan together.

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