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News Byte:
"Coulda, Woulda, Shoulda"

So long, farewell to the Home Buyer Tax Credit... but it's still a great time to buy a home... probably the best time ever! If you have a home under contract prior to April 30, 2010 then you may still be able to take advantage of the tax credit.

But if you're in the market for a home and you didn't get a chance to capitalize on the tax credit all is not lost. With property prices already low and staying relatively flat combined with truly historic low interest rates, a home buyer can capitalize on the best of both worlds. Rarely is there a time when both housing prices and interest rates are this low at the same time.

Buying a home now can save you 1000's as opposed to buying later. Why???? Because when interest rates move up a 1/2% to 1% that can increase your housing payment by $300 - $400 per month or more depending on your loan amount, not to mention the additional cost of housing when prices begin to move up. So take advantage of the market while you can instead of later saying, "Coulda, Woulda, Shoulda."

Easy & Secure Financing for Home Buyers

NOW is The Time

The Home Buyer Tax Credit has gone away for new purchases, but Uncle Sam has extended the credit to those buyers who had a contract in place on or before April 30, 2010. If you didn't get a chance to take advantage of the home buyer tax credit all is not lost. You can always buy a home at any time, but some times are better than others... and that would be true right now.

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Money to Lend Available

With all the hoopla about tight credit markets, banks are still lending money to home buyers with good credit and job stability. Many homeowners are turning to FHA for financing which is a government sponsored loan available to all homeowners for their primary residence. VA financing likewise is available to veterans seeking home mortgages and is a great option as there is NO down payment required with VA financing. FHA financing requires a 3.5% down payment from borrowers. However, CHFA (Colorado Housing Finance Authority) allows home buyers to get 100% financing – so NO money down, on homes for non-veterans too. It’s a special program for Colorado only. Couple this loan with the $8000 tax credit and you’ve got a very nice windfall that’s rare. And yes, the conventional loans are available with 5% down . . . it’s good to do your shopping though.

Peace of Mind – Mortgage Protection for Home Buyers

Do you want to buy a home but are concerned about the economy? Now is the best time to buy a home with home prices at their lowest and interest rates at historic lows. We can now put your mind at ease. The Rainy Day Foundation offers a mortgage protection plan for home buyers in the event they lose their job. The plan covers up to $1800/month for the mortgage loss up to a 2 year period. There is a 60 day waiting period from the date of closing before the plan will pay out. Investors can obtain this coverage for rental property as well. The plan must be paid by the seller of a property and is available only through certified Realtors offering it.

Fill out the form below to learn more about the:

$8000 tax credit from Uncle Sam
FHA, VA, Conventional Financing, & NO Down Payment Loans
Mortgage Protection Plan for Home Buyers

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