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...
Wednesday, February 18, 2009
HUGE NEWS! The Obama Plan and You
NEWS ITEM ONE
The Obama Plan to aid homeowners and the housing industry is in effect. The White House has announced big plans to stimulate the housing sector of the economy.
I have converted three documents on the Plan which you will no doubt find useful. You may request a copy be emailed.
1. The White House Stimulus Plan - Fact Sheet (9 pages in .pdf format)
"The deep contraction in the economy and in the housing market has created devastating
consequences for homeowners and communities................................READ MORE"
2. Support Under the Homeowner Affordablity and Stability Plan - Three Cases
"Family A: Access to Refinancing In 2006: Family A took a 30-year fixed rate mortgage of $207,000 on a house worth $260,000 at the time. (The family put just over 20% down.) They received a Fannie Mae conforming loan with an interest rate of 6.50%........ results of case one)...........READ MORE"
3. Questions and Answers for Borrowers about the Homeowner Affordability and Stability Plan
"Borrowers Who Are Current on Their Mortgage Are Asking:
1. What help is available for borrowers who stay current on their mortgage payments
but have seen their homes decrease in.........................................READ MORE"
This is great news, and this is a great compilation of information that every homeowner with a mortgage should be aware of. Please request your free information documents today.
To request your copies, please email: dreamhomenm(at)gmail.com Note- you will need to replace the (at) with the symbol @
NEWS ITEM TWO
Congress has approved an $8000 tax credit for first time home buyers and for any folks who have not owned property in the last three years. The finalized version of the bill provides for an $8000 tax credit that would be available to first time home buyers* for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. The credit will be claimed on a tax return to reduce the buyer's tax obligation. If any credit amount remains unused, the unused amount will be refunded as a check to the purchaser.
* first time home buyer is defined as not having owned a home within the last three years.
My Take - 5% interest rates and cash back from Uncle Sam when a purchase is made before the deadline later this year means buyers will be stepping up for action. This may be the greatest opportunity for many to grab the American dream that we will face. The greatest opportunity comes during times of the greatest change. I do not think sitting on the sidelines is the way to go. I am recommending action to my customers. I do not want to be forced to say " I missed it"... Get with it. If you are considering buying, call your Realtor today. If you are in a home and have a mortgage, call a trusted lender and see if the economic plan can help you too.
I would love to speak with you about your circumstances - regardless of what they are. A personal conference may be arranged at your convenience to discuss your real estate and financing needs. - ---archer---->
RETURN TO DREAM HOME NEW MEXICO
The Obama Plan to aid homeowners and the housing industry is in effect. The White House has announced big plans to stimulate the housing sector of the economy.
I have converted three documents on the Plan which you will no doubt find useful. You may request a copy be emailed.
1. The White House Stimulus Plan - Fact Sheet (9 pages in .pdf format)
"The deep contraction in the economy and in the housing market has created devastating
consequences for homeowners and communities................................READ MORE"
2. Support Under the Homeowner Affordablity and Stability Plan - Three Cases
"Family A: Access to Refinancing In 2006: Family A took a 30-year fixed rate mortgage of $207,000 on a house worth $260,000 at the time. (The family put just over 20% down.) They received a Fannie Mae conforming loan with an interest rate of 6.50%........ results of case one)...........READ MORE"
3. Questions and Answers for Borrowers about the Homeowner Affordability and Stability Plan
"Borrowers Who Are Current on Their Mortgage Are Asking:
1. What help is available for borrowers who stay current on their mortgage payments
but have seen their homes decrease in.........................................READ MORE"
This is great news, and this is a great compilation of information that every homeowner with a mortgage should be aware of. Please request your free information documents today.
To request your copies, please email: dreamhomenm(at)gmail.com Note- you will need to replace the (at) with the symbol @
NEWS ITEM TWO
Congress has approved an $8000 tax credit for first time home buyers and for any folks who have not owned property in the last three years. The finalized version of the bill provides for an $8000 tax credit that would be available to first time home buyers* for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. The credit will be claimed on a tax return to reduce the buyer's tax obligation. If any credit amount remains unused, the unused amount will be refunded as a check to the purchaser.
* first time home buyer is defined as not having owned a home within the last three years.
My Take - 5% interest rates and cash back from Uncle Sam when a purchase is made before the deadline later this year means buyers will be stepping up for action. This may be the greatest opportunity for many to grab the American dream that we will face. The greatest opportunity comes during times of the greatest change. I do not think sitting on the sidelines is the way to go. I am recommending action to my customers. I do not want to be forced to say " I missed it"... Get with it. If you are considering buying, call your Realtor today. If you are in a home and have a mortgage, call a trusted lender and see if the economic plan can help you too.
I would love to speak with you about your circumstances - regardless of what they are. A personal conference may be arranged at your convenience to discuss your real estate and financing needs. - ---archer---->
RETURN TO DREAM HOME NEW MEXICO
Friday, February 6, 2009
Val Kilmer ponders run for NM governor in 2010
Val Kilmer ponders politics in New Mexico: 'If I run, I'm going to be the next governor'....
Ok Val,
We (I) love your movies. We love your desire to give back and the desire to help others. Please don't get (too) cocky and let those around you steer you into poor decisions?
It doesn't work here like it does out in LA. Those cats have their way. We have ours. I know you've seen that first hand since you've been here in NM.
Anyway good luck Val - Trust the heart. It knows what's right, and you won't get too far off track if you follow it.. (most sincerely --archer---->)
Lt Governor Denish better watch out... Other Celebs turned politico: Ronnie, Arnold, Franken, Jesse, etc.. who's next?
Governor Kilmer - has a nice ring to it. Looking forward to meeting you in the flesh. Jam sessions in Silver City can be fun.....
Ok Val,
We (I) love your movies. We love your desire to give back and the desire to help others. Please don't get (too) cocky and let those around you steer you into poor decisions?
It doesn't work here like it does out in LA. Those cats have their way. We have ours. I know you've seen that first hand since you've been here in NM.
Anyway good luck Val - Trust the heart. It knows what's right, and you won't get too far off track if you follow it.. (most sincerely --archer---->)
Lt Governor Denish better watch out... Other Celebs turned politico: Ronnie, Arnold, Franken, Jesse, etc.. who's next?
Governor Kilmer - has a nice ring to it. Looking forward to meeting you in the flesh. Jam sessions in Silver City can be fun.....
Thursday, February 5, 2009
Proposed Tax Credit Will Spur Home Buying
The US Congress is considering quick action that may help to spur sales in a struggling business environment.
The new credit, approved by the Senate Wednesday night, works like this:
Buyers would get 10 percent of the purchase price of any home, up to $15,000, applied to their tax bill.
Consumers would be allowed to spread out the credit over two years, making it possible for those who pay less than $15,000 in taxes to benefit.
Anyone who buys a home within a year of the bill's signature would qualify.
To deter speculators, buyers must occupy the house as their main residence for at least two years.
Interest rates at historic lows, tax credits for first time home buyers, more tax credits proposed for all home buyers, and motivated (forced and unwilling) sellers clawing to be first to get their property sold,... all these things are making this THE time to take action and look at purchasing.
Opportunity knocks. Can't you hear it? See it? Smell it? It is in the air. Wake up.. I hope you don't have to say " I missed the best opportunity of the decade"...
It can be once in a lifetime chance for many to score big by working with a savvy team of professionals. Starting with a Realtor who knows the market, and who works at providing real value and real service to customers. I am the Realtor to call. Please call Archer today for a private discussion.
Visit my Silver City Real Estate website: Thanks in advance. Good hunting. Good selling. Good day all........ Archer
RETURN TO DREAM HOME NEW MEXICO
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