Take Advantage of the New $6,500 Tax Credit

It seems like all we talk about lately are government tax credits, but they do serve as an excellent incentive to purchase a home now if you’re in the market one.  I wouldn’t buy a home just because of these tax credits, but if you are in the market for a home, or even thinking about it, now may be the best time.

Here’s the latest: any existing home owner who has lived in their home at least 5 years may qualify for up to a $6,500 tax credit if they purchase a home of greater value.  There are some restrictions (mainly income limits), so call me for complete details. 

And, the $8,000 first time home buyer tax credit is still available as well.     

$8,000 First-Time Home Buyer Tax Credit Expires November 30th, 2009!

Are you looking to buy a home?  Just thinking about it?  If you’re a first-time home buyer, this could be a golden opportunity.  If you have never owned a home, or have not owned a home in the last three years, you may be eligible for this tax credit offered by the U.S. Government.  Give me a call, let’s sit down to see if homeownership is right for you right now, and let’s do our best to get $8,000 to help you with the purchase of a new home.

When you are ready to purchase a home, give Pam Reimers a call.  Let her serve you with a great mortgage loan experience.  (229) 293-1290 or (800) 228-9839 x-1290.  Pam can take your application over the phone, online, or by appointment.

First Time Home Buyer Tax Credit

First-time home buyers have a wonderful opportunity available to them, but it’s only offered for a limited time.  It’s called the First-Time Home Buyers Tax Credit and it’s offered by the U.S. Government.  You may be eligible to receive up to an $8,000 credit if you purchase a home between now and December 1, 2009.  For more information, go to www.federalhousingtaxcredit.com.

When you are ready to purchase a home, give Pam Reimers a call.  Let her serve you with a great mortgage loan experience.  (229) 293-1290 or (800) 228-9839 x-1290.  Pam can take your application over the phone, online, or by appointment.

Two Words.

Refinance now.

When you are ready to purchase or refinance a home, give Pam Reimers a call.  Let her serve you with a great mortgage loan experience.  (229) 293-1290 or (800) 228-9839 x-1290.  Pam can take your application over the phone, online, or by appointment.   

Create Breathing Room in Your Budget

If you are looking to create breathing room in your monthly and/or annual budget, NOW is the time to consider refinancing your home. Rates are getting lower and lower – and that could mean $100, $200, or even more per month extra in your pocket.

Shopping for Homeowners Insurance

Be sure to leave yourself plenty of time to shop for homeowners insurance when purchasing a home. Many people get overwhelmed with finding a home and delay getting this necessary component of completing the mortgage loan process. Just like any new expense, homeowners insurance needs to be factored into your personal finances – and you don’t want any surprises. For example, if the home you’re buying has a history of any kind (i.e. water damage), your insurance carrier of choice may not cover you or will charge you a higher premium. In such a case, you may be forced to pay more for your insurance than expected, and therefore create an unexpected surprise with your personal budget. When is the best time to start looking for homeowners insurance? Right after the inspection and the locking of your rate.

When you are ready to purchase a home, give Pam Reimers a call. Let her serve you with a great mortgage loan experience. (229) 244-2732 or (800) 228-9839 x-1290. We can take your application over the phone, online, or by appointment.

Two Reasons Now is a Good Time to Buy

If you are considering buying a home in the near future, I have two reasons why sooner may be better than later. First, with the sub prime mortgage fallout, secondary market investors continue to tighten their lending standards. The more they tighten their standards, the less flexibility you may have when attempting to get a mortgage loan. This could greatly affect those with average to below average credit and/or those who have little to no money to use as a down payment. Secondly, it is definitely a buyer’s market. Now is an excellent time to find a good deal on a home that can fit into your budget.

Get a Loan From Someone You Trust

The amount of trust you place in your mortgage lender is a huge factor when purchasing a home. The process can be lengthy and legally detailed, and will affect your financial life for many years. Whether you go with Southeastern or someone else, make sure you do business with a lender that takes the time to know your finances and will do what is in your family's best interest.

When you are ready to purchase a home, give Pam Reimers a call. Let her serve you with a great mortgage loan experience. (229) 293-1290 or (800) 228-9839 x-1290. Pam can take your application over the phone, online, or by appointment.

Don't Make Major Purchases When Buying a Home

I highly recommend not making large purchases if you are planning to buy a home or are in the process of buying a home, especially where you take on extra debt. If you get a loan for a new automobile or make large purchases on your credit card, you reduce the amount of money you are eligible to borrow. Every $100 you pay per month on a loan payment may reduce the amount you can borrow for a home by $10,000. For example, if you add a $300 a month car payment, that could mean you qualify for $30,000 less in a mortgage.

Where it gets real sticky is when you make such purchases after getting pre-approved for a mortgage loan. Many people think once they're pre-approved, the amount and rate are locked. Your mortgage pre-approval is subject to a final evaluation of your financial situation before the loan closes. If you make large purchases after getting pre-approved, you may find that you can't get a loan for the amount you originally requested.

When you are ready to purchase a home, give us a call. Let Pam serve you with a great mortgage loan experience. (229) 293-1290 or (800) 228-9839 x1290. We can take your application over the phone, online, or by appointment.

Be Ready to Buy

A great thing you can do to have “preferential treatment” during negotiations when shopping for a home is to get pre-approved.  Even if you’re just thinking about shopping for a new home, go ahead and find out how much money you are approved to spend.  When you’re pre-approved, it’s like having cash in your hand – and the people selling the home and the realtor representing them know this.  When they know you could agree to a deal at any moment, the deals get more serious and usually in your favor. 

When you are ready to purchase a home, give us a call.  Let us serve you with a great mortgage loan experience.  (229) 244-2732 or (800) 228-9839 x-1290.  We can take your application over the phone, online, or by appointment. 

Are you renting? Please read this:

If you are paying rent for a home, apartment, etc., you may be able to purchase a home instead for about the same payment as your rent. I have found many people who pay rent don't realize how easy and affordable it can be to buy a home, especially in today's market. There are so many mortgage programs available - there's a good chance we can find one to meet your needs.

When you are ready to purchase a home, give us a call. Let us serve you with a great mortgage loan experience. Call (229) 293-1290 or (800) 228-9839 x-1290. We can take your application over the phone, online, or by appointment.