Buy Again Sooner after Short Sale or Deed in Lieu of Foreclosure?
Posted on 16. Dec, 2011 by Scott Schang in Buy Again
You can buy again sooner using Fannie Mae conventional home loan financing if you avoided foreclosure of a previous home through a short sale or deed in lieu of foreclosure. Buy Again After Short Sale / Deed in Lieu of Foreclosure TWO (2) Years up to Maximum 80% Loan to Value | 20% Down Payment FOUR [...]
Tax Refund Qualifies as Mortgage Down Payment?
Posted on 31. Jan, 2011 by Scott Schang in Down Payment Help, Home Buyers
Coming up with a down payment and closing costs to buy a new home can be a struggle for many first time homebuyers. Most mortgage programs require that the money you use for your down payment be “sourced and seasoned”. Sourced funds means you have to show where the money came from, bank account, savings [...]
First Time Home Buyer Tax Credit 2011 – Veterans Only
Posted on 04. Jan, 2011 by Scott Schang in Tax Credit
On November 29th, 2010 I wrote and article about a proposal made by U.S. Representative Bill Nelson to extend the first time home buyer tax credit in 2011. Representative Nelson’s justification for the cost to extend another home buyer tax credit was to come from a bill that proposed to ban earmarks on new legislation [...]
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