Posts Tagged ‘down payment’

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) [...]

Tags: , , ,

February 8, 2010 0

Down Payment or Invest?

By Scott in Common Questions, FHA, Mortgage Insurance

If you could pay for a home with cash without getting mortgage financing, would you?  Should you?  That decision is both an emotional one and a financial one.  Let’s look at a recent example…
We received a call from a potential customer, referred to us by a real estate agent we work with, who was looking [...]

Tags: , ,

January 28, 2010 1

CHFA Changes

By Scott in Assistance, Big Changes

Colorado Housing and Finance Authority, commonly known as CHFA, has made a few notable changes we wanted to make sure our readers were aware of.

FirstStep & FirstStep Plus
No Gifts Allowed for Minimum Contribution
No Cosigners Allowed
Non-Traditional Credit Must Be Added to Credit Report
Risk Score Card
No Grossing Up Income

1.  FirstStep & FirstStep Plus
Two new (well a modification [...]

Tags: , ,

Older Entries
Information deemed reliable but not guaranteed