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Brandon

Home Buyer Tax Credit Extended and Expanded

by Brandon

in Money

Now it’s not just first-time home buyers who are having all the fun.
The Obama administration earlier in November enacted a new $6,500 tax credit for existing home buyers looking to upgrade. Qualified borrowers can buy a bigger, more expensive primary residence or downsize and save space and money using the tax credit.
The government introduced the [...]

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FHA Loans Then and Now

by Brandon

in Money

FHA loans had their genesis in the Great Depression and were meant to make housing more affordable for everyone who wanted to realize their American Dream. For a long time, FHA loans have served their purpose, to make America a nation of homeowners. During this recession, the American Recovery and Reinvestment Act of 2009 again puts FHA to the front, helping make home ownership more affordable for the first time homebuyers with the help of tax credits.

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