ARCHIVE February, 2009

Federal Housing Tax Credit   $8,000 Home Buyer Tax Credit at a Glance The tax credit is for first-time home buyers only. 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 credit is available for homes purchased on […]

February 19, 2009 in News and Events by

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Investors Loan News

IMPORTANT INVESTOR LOAN NEWS…… Internal Use for Realtors Only FANNIE MAE has just announced that they will make non-owner occupied investor loans to individuals who own up to 10 mortgaged properties. (The limit previously was only 4) GUIDELINES: 2-10-2009   1.      Limited to 10 properties financed in total, including primary residence.   (Commercial properties, those […]

February 14, 2009 in News and Events by

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Senate Passes Stimulus Package by 60 to 38 Vote

Feb. 13, 2009 Late this evening, the U.S. Senate passed the American Recovery and Reinvestment Act of 2009 by a 60 to 38 vote. Earlier today, the stimulus package passed the U.S. House of Representatives in a 246 to 183 vote. Today’s votes followed several days of negotiations by the House, Senate, and White House, […]

February 13, 2009 in News and Events by

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