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Articles about stimulus pkg (0-19 of 19)
- Moving Tips From Relocation Experts
By: Mark Goedert | - There are several important things you should know before you hire a mover. The first two things to remember throughout the process is to keep your cool and plan ahead.
Scratches happen; nerves get frayed. Keep things in perspective; know that you cannot prevent every little accident, but you can take steps to avoid most surprises. Hiring professional movers can save you from making some expensive mistakes. Here are some tips to help your move go smoothly:
Advance ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- First Time Home Buyer Tips: Finding A Home
By: Mark Goedert | - There really is no great secret to finding a home. Though there are countless theories and techniques, finding a house comes down to perseverance and luck. You must be willing to work at putting yourself in the right place at the right time to find your dream home.
Start by looking at your budget to determine how much you are able to pay for a home. Consider your needs and your desired criteria for a home; number of bedrooms, basement or crawl, garage or shed, lot size, neighbor ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Home Buyer Resources: Choosing A Real Estate Agent
By: Mark Goedert | - The home buying process can be complicated, especially if you do not work with a real estate professional who is looking out for your best interest. There are several different types of real estate agents; each with different priorities. Choosing the right real estate agent is critical. Here are the three main types of realtors:
Sellers Agent
Many agents do most of their work as sellers agents; they have an agreement with the owners of properties that ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- First Time Home Buyer Information: How's Your Credit Score?
By: Mark Goedert | - Your credit report is an important part of the mortgage application process; lenders want to see your long-term debts including credit cards, car payments, student loans, etc They will also be looking at your payment history. Some lenders will accept a recent copy of your credit report if you have one; otherwise, you will have to pay a fee for them to run your credit.
In any event, real estate professionals recommend that you get a copy of your credit report several months ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- First Time Homebuyer Information: Preparing Your Mortgage Application
By: Mark Goedert | - As a first time homebuyer a crucial step is getting your finances in order. Once you have a handle on your income and expenses you will have an idea as to how much you can afford and the amount you will need to borrow.
Lenders require verification of income and expense records for each person who will be named on the mortgage and title of the home. You can help move the process along by bringing the following documents with you when you visit a lender:
Proof of Inco ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- New Home Buyer Information: Measuring Your Home Buying Power
By: Mark Goedert | - There are many factors you need to consider when shopping for a home; how much you can afford is likely at the top of the list. Your budget affects your choice of home, the neighborhood it is in, size and other features. Your financial situation is also a deciding factor on which type of financing will work for you.
Lenders will look at more than just income when considering you for a loan and determining the size of a loan you can qualify for. You may find some creative financin ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- First-time Homebuyer Guide: Adjustable-rate Mortgages (arms)
By: Mark Goedert | - Adjustable-rate mortgages, also called ARMs have a fluctuating interest rate based on several current market factors. The terms of the mortgage will spell out how often and how much the interest rate can change over the life of the loan.
ARMs typically have lower introductory interest rates than fixed-rate mortgages, making them appealing to one who doesnt plan to own their home very long before selling.
Key factors to consider when deciding on an ARM include ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Home Buyer Programs: Break-down Of A Mortgage Payment
By: Mark Goedert | - A mortgage payment typically consists of principal and interest; some people also pay escrow for property taxes and insurance. There may also be an additional charge for PMI or private mortgage insurance.
Most people are surprised at how much of their payment is applied to interest and how little is applied to principal. In fact, the largest part of your mortgage payment is likely to be interest early in the loan.
How it Works
Your mortgage payment brea ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Home Buyer Information: About Mortgage Terms
By: Mark Goedert | - The 30-year, fixed-rate mortgage has been the popular choice for homebuyers; however, today, lenders are offering a variety of loan types including 15, 20 and 40 year mortgages. Here is some basic information for new home buyers to make a wise choice in financing.
The Shorter Loan Term
Some home owners choose a shorter loan term to save on the amount of interest paid over the life of the loan. Of course a shorter loan term means a higher mortgage payment.
...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Down River Realtors Contribute Neighborhood Stabilization
By: Mark Goedert | - The rising rate of foreclosures has left vacant homes that become dangerous eye-sores in neighborhoods and further decrease values of nearby properties. As a result of the mortgage melt-down these foreclosed, vacant and abandoned homes were clustered in areas making it difficult to market and sell property in an entire neighborhood. Recovery strategies are critical to address the neighborhood impacts of foreclosures and assist in rebuilding a healthy real estate and financial market.
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- How Broadband Deployment Benefits Realtors In Lenawee County
By: Mark Goedert | - The purpose of this bill is to fund grants to promote broadband deployment in underserved areas and for mapping availability of broadband service in the US. Entities eligible to apply for a grant include municipalities, public/private partnerships and private companies who comply with specific conditions.
The grants are subject to network neutrality requirements to ensure that broadband networks are free of restrictions on content, sites or platforms, on the kinds of equipme ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Transportation Infrastructure Benefits The Real Estate Industry In Jackson Michigan
By: Mark Goedert | - The Senate passed a bill in February of 2009 that would provide funds to states and localities for capital investment for surface transportation projects including highways, bridges, transit, and rail projects.
The investment is expected to moderate traffic congestion and support a variety of transportation alternatives to improve the quality of life in American communities and increase the value of real estate.
The goal is to stimulate economic growth and job creatio ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Tax Credits & Grants For Energy Efficient Housing In Metro Detroit
By: Mark Goedert | - A bill was recently passed providing many provisions for realtors and home buyers. The energy efficient housing tax credits and grants promote green jobs and energy independence; ARRA invests in efforts to make homes and buildings more energy efficient.
This bill provides state and local governments with grants to perform energy audits, retrofits and income tax credits. Through 2010, homeowners will be able to claim a 30% tax credit for purchases of new energy efficient furnaces, ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Low Income Housing Grants For First-time Home Buyers In The Down River Area
By: Mark Goedert | - The new bill passed by Senate earlier in the year allows states to trade in a portion of their 2009 low-income housing tax credits for Treasury Grants. These grants would be used to finance the construction, or purchase and rehab of low-income housing, including those with or without tax credit allocations.
The low housing grants will include funding for the following causes:
Pontiac Housing Capital Fund for rehabilitating and retrofitting public housing units, ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Rural Housing Service Helps Real Estate Values In Calhoun County
By: Mark Goedert | - The guaranteed loan program and the direct housing loan program are the two main financing programs under this section of the bill. The direct loan program will be allocated for unsubsidized guaranteed loans to provide assistance for low to moderate-income families to own homes in rural areas.
The recovery package contains key provisions for direct funding toward rural development, nutrition and conservation initiatives. From increasing loans to rural businesses to ensuring broadb ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- The 2009 Stimulus Provision For Monroe County Commercial Real Estate
By: Mark Goedert | - A large part of the stimulus package is related to residential housing and home owners; however, many industry experts will claim that this assistance indirectly benefits the commercial real estate market.
Part of the provisions of the recent bill that was passed will allow funding for the State energy programs to support green building and energy efficiency efforts of commercial property owners. The Department of Energy Renewable Energy Loan Guarantees Program benefits for commerc ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Neighborhood Stabilization Plans For Wayne County, Michigan
By: Mark Goedert | - The funds can be used to purchase, manage, maintain, demolish or repair and resell foreclosed and abandoned properties. States and localities can use these funds to establish financing methods for the purchase and redevelopment of foreclosed houses.
Funds can also be used to offer financial assistance to low and middle income home buyers. After purchase with these funds the homes must be used to assist qualifying families who are considered to be low-income and 25% of the funds ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Help For First-time Home Buyers: Fha, Fannie Mae And Freddie Mac Loan Limits
By: Mark Goedert | - The new bill reinstates last years 2008 loan limits for FHA, Freddie Mac and Fannie Mae loans. The limits were equal to or greater than 125% of the 2008 local area median home price or $271,050 for FHA and $417,000 for Fannie Mae and Freddie Mac, with an overall maximum cap of $729,750.
The higher limits apply in areas where the 2009 limits were higher. The bill also includes a clause providing the HUD Secretary with the authority to increase the loan limit for any sub-ar ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
- Macomb County Realtors Advice: Tax Credit For First-time Home Buyers
By: Mark Goedert | - First-time home buyers purchasing a home are eligible for the tax credit. The purchase must occur between 1/1/09 and 12/1/10. The law defines a first-time home buyer as one who has not owned a principal residence during the three-year period of time prior to the purchase. With married couples, both spouses must meet the 3-year requirement to qualify for this credit.
The credit is a refundable income tax credit. This means that if the amount of credit you claim on your 2009 incom ...
Tags: real estate investors, property listings, reo brokers, first-time home buyers, tax credits for home buyers, stimulus pkg
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