Can it get any better? Well of course. That's a stupid question anytime you hear it. However when you are talking incentives and reasons to be a buyer of New Mexico property, it doesn't get much better.
SANTA FE (AP) - First-time homebuyers can find new financial assistance from the state and federal government.
Gov. Bill Richardson and the New Mexico Mortgage Finance Authority announced a loan program Tuesday that will help lower-and middle-income New Mexicans make a down payment in buying their first house.
The program takes advantage of a tax credit that was created as part of the federal economic stimulus package. First-time homebuyers* can get a federal tax credit of 10 percent of the purchase price of a home, up to $8,000.
The finance authority will provide a no-interest loan up to $6,500 for a down payment and individuals can use their federal tax credit to pay off the loan.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
*Remember First Time Buyer is considered as any one not owning a primary residence for the immediate three years prior to the new purchase. Questions? Please call me. I am here to be of service.
Hope you get moving soon. Don't be one who will have to say I missed the biggest buying opportunity of my life.
Off topic: Greatest opportunity of our life in the stock market too. getting in (Rolling the dice) now seems like the thing to do. After converting nearly half my little 401K into a mmkt position last year, I have been steadily tossing pocket change at the market since January. Still have MMkt $ and will keep picking up a handful of shares each time the market pulls back (or until I run out of bullets)
Deals: US Steel at $21, Caterpillar at 22, and Freeport McMoran at about the same. GE below $10, JASO well not everything is rosy, C under $2, AIG at .41 (hehheh), NAVR (anime) at .28, ... and on...
Tuesday, March 31, 2009
Thursday, March 26, 2009
Obama's Plan - Making Home Affordable Program
Dear Friends,
Refinancing and Loan Modification for the masses is here. I think most Americans will find this interesting. Healing is in progress. It will be slow to take effect, but I foresee the end results as positive. Details of the plan and an online form with a basic "do I qualify?" link on the Obama Plan main page. Link is below. You owe it to yourself to read.
The Obama Administration unveiled a new website on its Making Home Affordable Program.
The program has two main components:
(1) refinancing of Fannie Mae and Freddie Mac loans for borrowers who are current and have loan-to-value ratios of 80%-105%, and
(2) loan modification for borrowers in default or at imminent risk of default who have high debt-to-income ratios and mortgages with balances up to $729,750.
The new website is designed to make information about eligibility, free counselors, and other program details readily available. It also includes links that let borrowers learn whether they have a Fannie Mae or Freddie Mac loan.
www.MakingHomeAffordable.gov *
Another must read for all home owners and potential home owners.
*From the same folks who allowed us to provide a Trillion dollar hand out to traditionally run good old boy networks, those who need the extra profits the least.
New Mexico Home Loans are coming soon. A Full disclosure Lender provides the costs upfront -not at the closing table. And certain "additional" profit disclosures are not required to be given the consumer (either by law or as basic customer service) by major baking institutions. Wouldn't you like to know how the bank will profit from you and just how much they may be earning on your transaction? Ask for full disclosure. Wouldn't it be nice to get a worst case scenario when you apply? Full costs are disclosed with every new accepted application.. It doesn't get any better, and it will save you money on a refinance or your new purchase home loan.
Refinancing and Loan Modification for the masses is here. I think most Americans will find this interesting. Healing is in progress. It will be slow to take effect, but I foresee the end results as positive. Details of the plan and an online form with a basic "do I qualify?" link on the Obama Plan main page. Link is below. You owe it to yourself to read.
The Obama Administration unveiled a new website on its Making Home Affordable Program.
The program has two main components:
(1) refinancing of Fannie Mae and Freddie Mac loans for borrowers who are current and have loan-to-value ratios of 80%-105%, and
(2) loan modification for borrowers in default or at imminent risk of default who have high debt-to-income ratios and mortgages with balances up to $729,750.
The new website is designed to make information about eligibility, free counselors, and other program details readily available. It also includes links that let borrowers learn whether they have a Fannie Mae or Freddie Mac loan.
www.MakingHomeAffordable.gov *
Another must read for all home owners and potential home owners.
*From the same folks who allowed us to provide a Trillion dollar hand out to traditionally run good old boy networks, those who need the extra profits the least.
New Mexico Home Loans are coming soon. A Full disclosure Lender provides the costs upfront -not at the closing table. And certain "additional" profit disclosures are not required to be given the consumer (either by law or as basic customer service) by major baking institutions. Wouldn't you like to know how the bank will profit from you and just how much they may be earning on your transaction? Ask for full disclosure. Wouldn't it be nice to get a worst case scenario when you apply? Full costs are disclosed with every new accepted application.. It doesn't get any better, and it will save you money on a refinance or your new purchase home loan.
Monday, March 2, 2009
American Recovery and Reinvestment Act of 2009
The ACT and how it applies to and how it will affect home buyers is detailed in this presentation from NAR (National Association of Realtors).
See Presentation
It's important that people really understand this is in fact a government program that any US citizen may take advantage of if they meet the first time buyer criteria. Please note that first time buyer is defined as anyone who has not owned a primary principal residence in the last three years. Note also that a vacation home is not considered as a primary residence, so those Americans who own a "second" or "vacation" home and who have not been able to claim a primary residence during the 3 year period WILL ALSO QUALIFY...
Does your Real estate professional know what this means for you? The savvy one's do. Please call me for information and free documents that will explain in detail how you may take advantage of this high dollar cash incentive.
For Americans who are in a position to do so, it has never been such a good time to be entering the home buying market. Between all time low interest rates, motivated sellers, and $8000 to apply to the bottom line, it simply can't get much better than this...
Remember that this $8000 does not have to ever be paid back - as long as you don't sell in the first 3 years of ownership - in which case you get to pay Uncle Sam back for the money advanced through the recovery act as signed into law....
What are you waiting for? Contact your Realtor today.
The best buying opportunity of your life is here! Now!
If you don't have a Realtor that you trust, please let me have the opportunity to show you how working with me as a Qualifying Broker is in your very best interest. Let my knowledge and skill set deliver for you.
dreamhomenm@gmail.com
Visit my website for the scoop on the economic recovery package and the latest on the New Mexico scene and real estate market.
www.dreamhomenewmexico.com
It's important that people really understand this is in fact a government program that any US citizen may take advantage of if they meet the first time buyer criteria. Please note that first time buyer is defined as anyone who has not owned a primary principal residence in the last three years. Note also that a vacation home is not considered as a primary residence, so those Americans who own a "second" or "vacation" home and who have not been able to claim a primary residence during the 3 year period WILL ALSO QUALIFY...
Does your Real estate professional know what this means for you? The savvy one's do. Please call me for information and free documents that will explain in detail how you may take advantage of this high dollar cash incentive.
For Americans who are in a position to do so, it has never been such a good time to be entering the home buying market. Between all time low interest rates, motivated sellers, and $8000 to apply to the bottom line, it simply can't get much better than this...
Remember that this $8000 does not have to ever be paid back - as long as you don't sell in the first 3 years of ownership - in which case you get to pay Uncle Sam back for the money advanced through the recovery act as signed into law....
What are you waiting for? Contact your Realtor today.
The best buying opportunity of your life is here! Now!
If you don't have a Realtor that you trust, please let me have the opportunity to show you how working with me as a Qualifying Broker is in your very best interest. Let my knowledge and skill set deliver for you.
dreamhomenm@gmail.com
Visit my website for the scoop on the economic recovery package and the latest on the New Mexico scene and real estate market.
www.dreamhomenewmexico.com
Avoid Foreclosure Docs from Freddie Mac
Just posted some information from Freddie Mac on how to avoid further issues with your home mortgage. Good information is available to help most every homeowner. I have access to the resources which you need. Please let me help.
The document may be viewed online as a .pdf file by clicking HERE!
Please visit the Dream Home New Mexico website for all of your Silver City NM real estate needs...
The document may be viewed online as a .pdf file by clicking HERE!
Please visit the Dream Home New Mexico website for all of your Silver City NM real estate needs...
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