admin | January 3, 2010
The Home at Last Program Is a Mortgage Credit Certificate (MCC) program that provides a dollar-for-dollar federal income tax credit equal to 20% (for loans over $190,000) or 30% (for loans under $190,000) of the interest paid on a mortgage loan. This credit is given to the homebuyer every year as long as they live in the home. This tax credit will provide an estimated annual savings of $2,000 a year per household.
Category: Financing/Mortgage Topics, Tax Credits |
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Tags: Chase International, Home at Last, Homebuyer, loan limits, mortgage, Nevada, NV, Real Estate, reno, Rural Housing, Talayka, Tax Credit, www.sellingnorthernnv.com
admin | September 28, 2009
The following FAQ may answer some of the concerns you may have on the new HERA mortgage requirements and how they will affect the timeline of your real estate transaction.
Category: Financing/Mortgage Topics |
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Tags: Chase International, FAQ, HERA, Homebuyer, Housing and Economic Recover Act, lending regulations, mortgage, Nevada, NV, Real Estate, reno, Talayka
admin | September 28, 2009
FannieMae and FreddieMac adopted the Home Valuation Code of Conduct (HVCC) in 2008 in order to reinforce, protect, and enhance the overall integrity of an appraiser’s valuation process. This code of conduct became effective on May 1, 2009.
Category: FannieMae, Financing/Mortgage Topics, Freddie Mac |
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Tags: appraisal, Chase International, FannieMae, FreddieMac, Home Valuation Code of Conduct, Homebuyer, HVCC, Nevada, NV, Real Estate, reno, Talayka
admin | September 28, 2009
In 2008, the Housing and Economic Recover Act (HERA) was passed by Congress and became effective July 30, 2009. The Federal Reserve Board published the new regulations under the Truth in Lending Act.
Category: Financing/Mortgage Topics |
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Tags: Chase International, HERA, Homebuyer, Housing and Economic Recover Act, lending regulations, mortgage, Nevada, NV, Real Estate, reno, Talayka
admin | April 13, 2009
One of the provisions of the Housing and Economic Recovery Act of 2008 was the First-Time Homebuyer Tax Credit. The Credit is designed to encourage first time buyers to go ahead and purchase their first home. The Credit amounts to 10% of the purchase price, and may be as much as $8,000.
Category: General, Tax |
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Tags: economic recovery, green + wired, Homebuyer, Real Estate, Tax Credit
