Archive for the ‘Taxes’ Category

February 12, 2010 1

Is it Double Dipping?

By Marla in Assistance, Special Programs, Taxes

On February 17, 2009, in Denver, President Obama signed the American Recovery and Reinvestment Act (ARRA).  This bill had substantial changes to the federal First-Time Home Buyer Tax Credit, including eliminating the 15-year repayment obligation of the Borrower which was part of the 2008 Housing and Economic Recovery Act (HERA).
However, and most pertinent, Section 1006 (e) [...]

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February 5, 2010 0

Why Buy Now?

By Marla in Assistance, Big Changes, FHA, Special Programs, Taxes

We generally write about specific programs, changes and situations, but I want to recap some of the thingsI feel are important to consider in today’s market.  Let’s look at the reasons to buy now.

Long term mortgage rates are at 20-30 year lows

According to Freddie Mac, in a press release yesterday, the average rate on a 30-year fixed mortgage was [...]

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January 15, 2010 0

Drop Your Rate from 5.5% to 4% – NO JOKE!

By Marla in Assistance, Qualifying, Rates & Fees, Taxes

Would you like to drop your mortgage rate from 5.5% to 4%?  Crazy question, right?  In Colorado, qualified homebuyers can apply for the Colorado Housing and Finance Authority (CHFA) Mortgage Credit Certificate (MCC) to do just that.  That was a mouthful!
Everyone knows that their monthly payments for the first several years of their home mortgage [...]

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