Get The Facts On The Home Buyer Tax Credit

Home Buyer Tax CreditOn Friday, November 6, 2009, President Barack Obama signed a law that extended the First Time Home Buyer Tax Credit, which was set to expire on November 30th. This law not only extends the first time home buyer tax credit, but it will also add a new tax credit for qualified repeat home buyers.

Though there is much debate whether this was a good thing for the country, the fact is, it’s a done deal and you need to understand the facts of this new law.

With this new law in effect we realize that there are many questions being asked. Well, we have the answers for you. [Read more...]

First Time Home Buyer Tax Credit Extension Could Happen Soon

First Time Home Buyers Tax Credit ExtensionWell, for those of you sitting on the fence hoping for a First Time Home Buyer Tax Credit Extension, your wishes could come true this week.  As a matter of fact, we could know something by as early as this afternoon.

All the news on this bill shows that it will probably happen very soon.  Not only will this bill be an extension to first time home buyers, but they are looking to extend up to a $6,500 tax credit to move-up buyers.  For those who have lived in their home for at least 5 years and are ready to move up, now might be the perfect time. [Read more...]

What is Mortgage Debt to Income Ratio?

Have you ever asked yourself, “What is mortgage debt to income ratio?”  If you have, you are not alone.  Many of the terms used in the mortgage industry can be very confusing and overwhelming to the home buyer.  It is easy to feel overwhelmed and uneducated when sitting down with your mortgage consultant.

In this episode of “Its Not Rocket Science,” Don will walk you through debt to income ratio.  He will answer the question, “How do you figure your debt to income ratio?”  And he will show you that it truly isn’t rocket science to figure it out on your own, so you are prepared and educated when it comes time to sit down with your mortgage consultant.

Grab a pen and a pad of paper and join Don as he answers the question, “What is mortgage debt to income ratio?”