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All Mortgage News-FHA/VA and Conventional

All Mortgage News-FHA/VA and Conventional

http://www.mortgage-guy.com

The primary purpose of this blog to discuss the changes to the consumer finance realm. FHA/VA loans, conventional loans and whatever else comes up.

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  • New Update on IRS Tax Credit

    Posted on Monday November 30th, 2009 at 13:02 in $8000 tax credit, mortgage:purchase

    First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify WASHINGTON — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for p...

  • $8,000 First Time Home Buyer Tax Credit Extended

    Posted on Tuesday November 10th, 2009 at 11:21 in $8000 tax credit

    The first time home buyer tax credit has been extended and expanded. The $8,000 credit has been extended by six months.  There has also been an expansion to include current home owners who want to buy.  Sorry, nothing for Investors.&nb...

  • What important role does a reverse mortgage play in Canada?

    Posted on Thursday November 5th, 2009 at 12:40 in canadian reverse mortgage

    Author: Peter GomesIf you are planning to take out a reverse mortgage, you can free up some of the equity that is trapped in your house. Reverse mortgage plays an important role for older Canadians. It offers financial security to seniors. The procee...

  • First Time Homebuyer Tax Credit Extension Getting Closer

    Posted on Tuesday November 3rd, 2009 at 19:58 in $8000 tax credit

    Last night the Senate voted cloture on a bill that includes the extension of the first time home buyer tax credit. This is not the final vote, however it effectively solidifies the plan to extend the $8000 first time buyer credit through April 30th...

  • Mortgage Applications Drop

    Posted on Wednesday October 28th, 2009 at 21:45 in mortgage:refinancing, mortgage:purchase

    Mortgage applications are dropping, that is slowing down, thanks to several factors that are making borrowing for a home less attractive. First, mortgage interest rates moved up a bit in the past week, causing some to think that perhaps the great dea...

  • Mortgage Applications Drop

    Posted on Wednesday October 28th, 2009 at 21:45 in mortgage:refinancing, mortgage:purchase

    Mortgage applications are dropping, that is slowing down, thanks to several factors that are making borrowing for a home less attractive. First, mortgage interest rates moved up a bit in the past week, causing some to think that perhaps the great dea...

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