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It’s a Great Time for Housing Deals

Paying off an underwater mortgage and buying a better home could be the best tactic in this troubled market. “If you are trading up, what better time than when interest rates are at record lows and the cost of the trade-up is much less than it used to be?” says Christopher J. Mayer, a Columbia […]

Home Buyer Tax Credit: How It Works

First-time homebuyers in 2008 can take an income-tax credit on their purchase, thanks to passage in Congress earlier this year of the first-time home buyer tax credit. The definition of first-time homebuyer is generous. To get the credit, the homebuyer cannot have owned a home in the previous three years. The home must be a […]

Real Estate Investing!!

I just received my new read from Ron Draluck- Mortgage Planner with Sunshine Mortgage Corp. “Push Button Investing In Real Estate The Safe, Systematic Way To Create Wealth In Residential Real Estate” I’m excited about this book, while I receive much information from self proclaimed “R.E. GURUs” and those who claim their book holds the […]

6 Creative Ways to Afford a Home

1. Investigate local, state, and national down payment assistance programs. These programs give qualified applicants loans or grants to cover all or part of your required down payment. National programs include the Nehemiah program, www.getdownpayment.com, and the American Dream Down Payment Fund from the Department of Housing and Urban Development, www.hud.gov. 2. Explore seller financing. […]

Buying Makes Sense in These 66 Metros

It’s more affordable to buy than to rent in many U.S. markets, according to data compiled by the National Low Income Housing Coalition. Of the 100 most populous metro areas, 57 have average three-bedroom rental costs higher than the cost of a 6-percent interest rate loan for a typical low-priced house, the coalition said in […]

Top Places to Buy an Old House

This Old House magazine, is forever on the hunt for the greatest old houses. In the July issue, the magazine identifies 12 neighborhoods nationwide that it considers the best old-house neighborhoods in the United States. The winners were chosen because of their architectural diversity, the preservation momentum in the area, and neighborhood amenities, including walkability, […]