As you know, The original $8000 tax credit was just good for first-time home buyers and was slated to end on Nov. 30. But Congress extended the credit to include contracts signed by April 30 and closed by June 30. It also made a refund of up to $6,500 available to existing homeowners looking to… Read More
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Home Owners Tax Credit News Update
Filed Under: Mortgage News Tagged With: Congress, Contracts, Credit News, Economist, First Time Home, First Time Home Buyers, Home Buyer, Irs, Limbo, National Association Of Home Builders, News Update, Paperwork, Tax Credit, Tax News, Time Home Buyers, Treasury Department
Mortgage Rescue Can Kill Your Credit Rating
Mortgage rescue can kill your credit rating Most troubled homeowners don’t realize that President Obama’s entering a trial mortgage modification can actually hurt their credit. It’s true that many people who apply for the president’s plan are already delinquent in their mortgage payments, but being in a months-long trial period may only add to the… Read More
Filed Under: Mortgage News Tagged With: Borrowers, Credit Bureaus, Credit Rating, Credit Scores, Financial Health, Income Homeowners, Loan Servicing, Monthly Mortgage Payments, Monthly Payments, Mortgages, Necessary Income, Partial Payment Plan, Severity, Treasury Department, Trial Period, Verification Documents
