IN THE LAST 12 MOTNHS UTAH HOME VALUES LIKE OTHER STATES HAVE DROPPED VALUE AND IN TURN MAKES IT DIFFICULT TO REFINANCE TO LOWER YOUR INTEREST RATE OR EVEN TO DO A CASH OUT REFINANCE TO CONSOLIDATE DEBT .
THE PRESIDENT HAS PASSED A BILL THAT ALLOWS YOU TO REFINANCE YOUR HOME UP TO 105% AND IN SOME CASES 125% OF THE HOMES LOAN TO VALUE , AS LONG AS YOU MEET THE CERTAIN CRITERIA YOU MUST REQUALIFY WITH YOUR CREDIT SCORE AND INCOME , AS WELL AS HAVE AN APPRAISAL DONE JUST TO ESTABLISH A VALUE , IF YOU ARE NOT PAYING MORTGAGE INSURANCE NOW WITH THE REFINANCE PLUS LOAN YOU ARE NOT REQUIRED TO PAY IT EVEN IF YOUR APPRAISES FOR A LOWER AMOUNT AND EVEN IF YOU ARE NOT AT 80%.
YOUR LOAN MUST BE OWNED BY FANNIEMAE HIT THE LINK AND RUN THE ADDRESS SEARCH THROUGH THE FANNIE MAE PROPERTY LOCATER FANNIEMAE AND SEE IF A MATCH IS FOUND , ONCE YOU HAVE ESTABLISHED THAT FANNIEMAE OWNS YOUR LOAN YOU SHOULD CONTACT DANIEL PARIS AT (801) 604-4949 OR YOU CAN VISITE MY WEBSITE AND FILL OUT AN APPLICATION OR REQUEST A FREE QUOTE.
DANIEL PARIS
APPLY ONLINE AT www.utahlowrate.com
Professional Mortgage Loan Specialist
Christian Roberts Mortgage
512 E Winchester Plaza
Murray, UT 84107
(801) 604-4949 mobile
(801) 716-5237 office
(888) 880-3472 direct fax
danparis02@hotmail.com
Showing posts with label utah mortgageloan. Show all posts
Showing posts with label utah mortgageloan. Show all posts
Tuesday, April 27, 2010
8,000 TAX CREDIT FOR HOMEBUYERS EXTENED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
The Senate and House have already passed the new tax credit and the White House indicated that the President will sign the legislation.
How the home buyer tax credit would work:
•· Tax credit: Ten percent of the purchase price of a primary residence, up to a maximum of $8,000 for first-time home buyers and $6,500 for repeat buyers who purchase between December 1, 2009 and May 1, 2010. First-time home buyers are defined as people who have not owned a home in the previous three years. Repeat buyers must have owned their current home at least five years. The credit cannot be used for houses costing more than $800,000.
•· Deadline for qualifying: Purchase agreements must be signed by April 30, 2010, and closings must be final by June 30.
•· Military deadline: The deadline is extended by a year for members of the military who have served outside the U.S. for at least 90 days from Jan. 1, 2009, to May 1, 2010.
•· Income limits: Individuals with annual incomes up to $125,000 and joint filers with incomes up to $225,000 qualify for the full credit. Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.
•· How to apply: Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a payment. Taxpayers who want immediate refunds can amend their tax returns for 2008 to claim the credit.
DANIEL PARIS
APPLY ONLINE AT www.utahlowrate.com
Professional Mortgage Loan Specialist
Christian Roberts Mortgage
512 E Winchester Plaza
Murray, UT 84107
(801) 604-4949 mobile
(801) 716-5237 office
(888) 880-3472 direct fax
danparis02@hotmail.com
How the home buyer tax credit would work:
•· Tax credit: Ten percent of the purchase price of a primary residence, up to a maximum of $8,000 for first-time home buyers and $6,500 for repeat buyers who purchase between December 1, 2009 and May 1, 2010. First-time home buyers are defined as people who have not owned a home in the previous three years. Repeat buyers must have owned their current home at least five years. The credit cannot be used for houses costing more than $800,000.
•· Deadline for qualifying: Purchase agreements must be signed by April 30, 2010, and closings must be final by June 30.
•· Military deadline: The deadline is extended by a year for members of the military who have served outside the U.S. for at least 90 days from Jan. 1, 2009, to May 1, 2010.
•· Income limits: Individuals with annual incomes up to $125,000 and joint filers with incomes up to $225,000 qualify for the full credit. Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.
•· How to apply: Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a payment. Taxpayers who want immediate refunds can amend their tax returns for 2008 to claim the credit.
DANIEL PARIS
APPLY ONLINE AT www.utahlowrate.com
Professional Mortgage Loan Specialist
Christian Roberts Mortgage
512 E Winchester Plaza
Murray, UT 84107
(801) 604-4949 mobile
(801) 716-5237 office
(888) 880-3472 direct fax
danparis02@hotmail.com
MORTGAGE INTEREST RATES AT AN ALL TIME LOW !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Now is the time to take advantage of the lowest interest rates in history, along with all the tax breaks, such as the 8,000 tax credit being extended through June of 2010 and the new tax creit of $6,500 for those who have previously owned a home but would like to purchase again, i think these tools from the government will help to even out the housing market and stabilize home values.
So if you are looking to purchase your first or even your 2nd or third home you now have every reason to buy now!
Home prices are at an all time low , 30 year fixed mortgage rates are as low as 4.75% and 4.25% on 15 year fixed loans, its like buying a stock when its low , buy low sell high!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Freddie Mac is reporting that the average commitment rate for a 30-year, conventional fixed rate loan has dropped to a September low of just 5.06 percent. These mortgage rates are down considerably from one year ago when the 30-year fixed rate loan was offered at 6.04 percent.
With the US economy still in recovery, the Federal Reserve has maintained low lending rates for member banks. The existing Fed Funds Rate of 0-0.25 percent has lead to the lowest prime rate in decades, hovering around 3.25 percent. Although the economy started growing again last quarter, many experts believe the Fed will continue to keep rates low, at least until the recovery gains traction. Many home buyers are finding excellent financing opportunities as a result.
DANIEL PARIS
APPLY ONLINE AT www.utahlowrate.com
Professional Mortgage Loan Specialist
Christian Roberts Mortgage
512 E Winchester Plaza
Murray, UT 84107
(801) 604-4949 mobile
(801) 716-5237 office
(888) 880-3472 direct fax
danparis02@hotmail.com
So if you are looking to purchase your first or even your 2nd or third home you now have every reason to buy now!
Home prices are at an all time low , 30 year fixed mortgage rates are as low as 4.75% and 4.25% on 15 year fixed loans, its like buying a stock when its low , buy low sell high!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Freddie Mac is reporting that the average commitment rate for a 30-year, conventional fixed rate loan has dropped to a September low of just 5.06 percent. These mortgage rates are down considerably from one year ago when the 30-year fixed rate loan was offered at 6.04 percent.
With the US economy still in recovery, the Federal Reserve has maintained low lending rates for member banks. The existing Fed Funds Rate of 0-0.25 percent has lead to the lowest prime rate in decades, hovering around 3.25 percent. Although the economy started growing again last quarter, many experts believe the Fed will continue to keep rates low, at least until the recovery gains traction. Many home buyers are finding excellent financing opportunities as a result.
DANIEL PARIS
APPLY ONLINE AT www.utahlowrate.com
Professional Mortgage Loan Specialist
Christian Roberts Mortgage
512 E Winchester Plaza
Murray, UT 84107
(801) 604-4949 mobile
(801) 716-5237 office
(888) 880-3472 direct fax
danparis02@hotmail.com
Subscribe to:
Posts (Atom)