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The Clock Is Ticking for the tax Credits! New Year…New Home – Is a new home one of your resolutions for 2010? If so, now is the time to buy. With favorable housing prices, a wide choice of inventory, low interest rates and a tax credit to boot, it is an incredible time to buy. Call for details.
You must be under contract by April 30, 2010
Moving Up? Moving Down? Moving In Or Out Of Town? No games, no gimmicks just honest, reliable service. Call me today! You can count on great service!
513-378-1461 Brenda's Direct Line _________________________________
The Ohio Association of REALTORS® Celebrates 100 Years in 2010
Consumers across the country can now take advantage of a Federal Housing Administration program to allow qualified home buyers to apply the $8,000 tax credit when purchasing a home. Also for current homeowners who have lived in their current home as their primary residence for 5 years may qualify for a $6,000 tax credit when purchasing a home! FHA will now permit its lenders to provide a short-term bridge loan that will let qualified home buyers use the tax credit to either make a larger downpayment above the FHA required 3.5 percent, cover closing costs, or buy down their interest rate.
Shaun Donovan of the U.S. Department of Housing and Urban Development stated in May that HUD would allow the first-time buyer tax credit to be used for a down payment or closing costs, at least for FHA-backed loans.
Under the program, borrowers using the FHA for their first mortgage financing can apply for a bridge loan that uses their tax-credit proceeds as collateral. The loan can be used to cover their closing costs, buy down their interest rate, and cover their down payment over and above the FHA’s required 3.5 percent minimum. They’ll still have to cover the minimum down payment themselves or tap other assistance.
Need to justify to yourself why now is the perfect time to buy? Here are six reasons why now is the time to jump into the market.
Source: The Wall Street Journal
------------------------------------------------- Call Me Today and Ask Me about the $6000 Credit from the city of Middletown if you are buying there as a first time homebuyer!
Are you relocating and wondering what the neighborhoods in Cincinnati and the surrounding areas offer?
According to Forbes: Please search my website's option "Community Profiles". You will find links to surrounding townships, and cities that have a web-site. This will give you a peek at their neighborhood without ever stepping inside. So stroll through the communities and then search the homes through the website's option "Listings" to view all homes on the market currently listed with the Cincinnati MLS. Check back often for new listings and new material. Brenda's Notes On The Market.... Stay Tuned.... WHAT'S GOING ON IN THE MARKET? NEED TO SELL YOUR HOUSE?
Stay Tuned.... and thanks for spending some time with me today! Phone numbers below! Please email me your questions anytime at BrendaSwigert@gmail.com ~Brenda Your Neighborhood Realtor Cell 513-378-1461Fax 513-332-9643
One Of My Favorite Homes That I've Sold! I'd like to put your's here too!
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