News for Citrus Heights, CA - Friday November 13th, 2009 2:49pm
HOME BUYER TAX CREDIT EXTENDED AND ENHANCED! The newly approved tax credit legislation extends the benefits of the initial $8,000 tax credit until June 30th, 2010. It also enhances it by increasing the income eligibility. The new bill also includes a $6,500 tax credit for repeat or move-up buyers. It is important to note that a "tax credit" is different from a "tax reduction."A"tax credit" is a dollor for dollar reduction in what you as the taxpayer owes. If you owe less in taxes than the allowable tax credit, the government will pay you the difference. You can begin to cash in on the credit early, even before buying if you are certain to make the purchase in the required timeframes allowed. It you would like more information regarding this subject feel free to call me at 916-960-9757 or 580-0381.

You May Lose Buying Power! - Thursday October 29th, 2009 1:26pm
Starting December 12th, 2009 homebuyers may lose up to 20% of their buying power. Automated underwriting has given our clients the ability to push their buying power over standard debt-to-income guidelines. With automated underwriting we currently have been able to stretch ratios to 55%. Under the new proposal the maximum back-end ratio will be 45%. With December 12th approaching soon now is the time to find the home of your dreams and close your loan. Now is the time to buy! I can be contacted at 916-960-9757.

30 year fixed-rate near 5% - Monday September 21st, 2009 3:10pm
As mentioned in a recent article on inmannews.com Freddie Mac announced that prime borrowers, able to put down 20% were offered a 30-year fixed rate mortgage just above 5%. Borrowers making smaller down payments can expect to pay slightly higher rates. These unbelievable low interet rates coupled with low home prices and a $8,000 tax credit for first time home buyers make this the perfect time to buy. What are you waiting for? Call Brett or Tammi at 916-960-9757!