$8,000 Tax Credit Can Be Used for Down Payment!

May 15, 2009 by admin · Leave a Comment 

If you’re looking to buy your first home but can’t afford the down payment, there may be help out there!
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a [...]

Fannie May and Freddie Mac Takeover (Socialization)- What does this mean for homeowners?

September 6, 2008 by admin · 7 Comments 

There’s been quite a few stories this evening about the Fannie Mae/Freddie Mac Takeover(Socialization) this evening.  The first question on many people’s minds is: What Does This Mean To Me?
I’m not going to muse on the repercussions of holding their stock (ask the wall street analysts, but it doesn’t look good), but I do want [...]

Hope for Homeowners Act of 2008; Who does this help in Maryland?

July 30, 2008 by admin · Leave a Comment 

It’s official: The Hope for Homeowners Act of 2008 has been signed by the president and now we shall see who this helps.  For struggling homeowners in Maryland, here’s a quick breakdown of the criteria to qualify:
In order to apply for this program, you must:

Have a loan originated prior to 2008
Be paying paying more than [...]