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Real Estate Information | (303)506-4052 Direct

2009 Will Be An Amazing Time To Get A Home Loan

“The number of buyers looking for homes rose 5 percent in February, and also was 5 percent above a year ago…”

- Charles McMillan, President, National Association of Realtors

First-Time Homebuyers Get $8,000 Tax Credit

If you are a first-time homebuyer, you may qualify for a whopping $8,000 tax credit from the Federal Government. Here’s how it works:

• You must purchase a home before December 1, 2009


• Your income can not be more than $75,000 for an individual or $150,00 for a couple to receive the tax credit


• The tax credit does not have to be repaid


• The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000


• The tax credit is refundable – meaning you can use the credit to offset what you owe the IRS or get a refund if you don’t owe anything

By the way, you might be a first-time homebuyer and not even know it. It doesn’t matter if you have ever owned a home. It only matters if you have owned a home in the last 3 years. If that’s you, then you qualify.

100% Financing For Veterans

At the end of 2007, 100% financing was virtually eliminated – except for Veterans. If you are a Veteran you may be able to purchase a home with little to no down payment money out of your pocket. And, yes, you also get the $8,000 tax credit if you’re a first timer.

“But The Banks Aren’t Lending!” Oh, Really?

I talk to people every day about real estate and I hear this daily, "I thought the banks weren't lending and credit is tight?" I can tell you directly, that is not true. There is plenty of money to go around for typical home buyers. I know you won't hear that on the national news but it's true. I help people get loans every day at fantastic rates with little difficulty. Then why all the media hype about stingy banks? Simply put, sensationalism causes people to watch their gloomy news stories!

Lending is difficult in other areas, though - like commercial business. Likewise, it is very difficult to get a loan over $600,000 if you don’t have at least 10% down payment. Nevertheless, it is important for you to understand that banks are lending to typical consumers – you and me. So what is required?

You will need:

• Between 3.5% - 10% down payment


• A job


• Decent credit scores

I’ve Got Bad Credit – Am I Out of Luck?

It is true that you may have more difficulty getting a loan if you have bad credit. However, DO NOT let that discourage you. Your situation is not hopeless. There is a little known process called credit rescoring that just may be your salvation. Credit rescoring is DIFFERENT from credit repair.

I have watched some clients increase their credit scores OVER 100 points simply by making a few easy phone calls. And, their new scores were effective at the credit bureaus within 72 hours. You owe it to yourself to work with a professional mortgage broker (hint: me!) to determine what can be done to get you qualified.

If You Ignore The Real Estate Market Now, You’ll Hate Yourself Later

Buying a home or refinancing is a question only YOU can answer for yourself. There's little doubt that buying or refinancing requires research and prudence. However, too many people make the serious mistake of waiting until “just the right time”. But that time never comes until it’s too late. 2009 is going to be a great year for real estate. You don’t want to miss it.

I'd love to be a part of helping you achieve your goals. My business continues to grow one happy customer at a time because I focus on what is best for YOU. I believe that serving your best interest will come around and bless my life, too. That’s the way I’m wired.

If you are even remotely considering buying, refinancing or selling contact me and let’s talk more about your desires. I will be honest and forthright, I will not pull any punches, and I guarantee that you will be better informed to make the best decision for you.

Sincerely,

(303)506-4052