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Who Qualifies for the Extended Credit?
First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
Current home owners purchasing a home between November 7, 2009 and
April 30, 2010, who have used the home being sold or vacated as a
principal residence for five consecutive years within the last eight.
To qualify ...
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Effective
February 1, 2010 the Department of Housing and Urban Development (HUD)
will relax FHA rules that prohibit insuring mortgages on homes that are
owned by the seller for less than 90 days – a move that could help
expedite the rehabilitation and resale of foreclosure properties.
Do
you want to get into the real estate business? ...
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One of the
first mistakes first time home buyers make, is to try and buy to MUCH
home. As a first time home buyer you may qualify for a lot more home
than you need to buy. I advise my clients to buy a home that fits their
needs and still allows them to have a quality of life. You need to have
a balance between monthly payments of your new ...
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