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By: ReMax Hometown Advantage, 21 Dec 2009 In some parts of the country, borrowers with good credit are more likely to be able to borrow 95 percent of the purchase price than they were just a few months ago. In Florida and other troubled markets credit remains tight and mortgage companies continue to scrutinize property appraisals, which makes it difficult for some borrowers to get financing. But in most areas of the country where prices are stabilizing or falling only slightly, standards are relaxing. “We are starting to see...moderation," said Neil Librock, head of credit risk for Wells Fargo & Co. Source: The Wall Street Journal, Ruth Simon (12/19/2009) |
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It's Official! Tax Credit has been Extended & EXPANDED! By: ReMax Hometown Advantage, 09 Nov 2009 While the First Time Home Buyer Tax Credit has been extended to April 30th, 2010, it has also been opened up to current homeowners. Full Story |
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Home Composting By: ReMax Hometown Advantage, 29 Oct 2009 Home composting can be an easy way for your household to make a direct positive impact on the environment. According to the Environmental Protection Agency, food residuals and yard trimmings account for 24% of the municipal solid waste stream in the United States. The EPA estimates that 56.9 percent of yard trimmings were recovered for composting or grasscycled in 2000, a significant increase from the 12 percent recovery rate in 1990. Full Story |
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Buying Tips As We Approach the Off-Season By: ReMax Hometown Advantage, 22 Oct 2009 Is it the "best time to buy"? The answer is, and has always been, dependent on the individual and their specific situation. That said, now is a GREAT TIME TO BUY. Full Story |
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You Bought a Home & Are Eligible for the Homebuyer Tax Credit, Can You Get it Now? By: ReMax Hometown Advantage, 12 Oct 2009 Yes. You do not have to wait until you file your 2009 taxes in January, February, March, or with me on April 15th. Here's how... Full Story |
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Many are Calling October 16th the REAL Drop-Dead Deadline By: ReMax Hometown Advantage, 29 Sep 2009 Even October 16th is going to make it difficult to close in time for the $8000 First Time Homebuyer Tax Credit. The majority of loans today are taking 45-60 days to finalize (which is probably why they are calling the 16th the "Drop-Dead Deadline". There are a few additional details that also need to be considered. Full Story |
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President's Neighbors Trying to Sell By: ReMax Hometown Advantage, 15 Sep 2009 Buyers interested in the home next door to President Obama's in Chicago will have to prove they can spend at least $1.5 million and pass a Secret Service investigation. Full Story |
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New data suggest housing market may have turned a corner By: ReMax Hometown Advantage, 26 Aug 2009 A closely watched index shows home prices posted their first quarterly increase in three years, signaling the housing market has turned a corner. Full Story |
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FHA Program Offers Purchase, Renovation Aid By: ReMax Hometown Advantage, 17 Aug 2009 The Federal Housing Administration is encouraging use of its little-known 203(k) loan program. The 203(k) lets an owner-occupant borrow money for both the purchase and renovation in one loan, and put down only 3.5 percent. Full Story |
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Decision Time Draws Near for First Time Buyer's Credit By: ReMax Hometown Advantage, 28 Jul 2009 While the economy continues to show signs of improvement and many housing markets are beginning to heat up, scores of would-be buyers are still waiting on the sidelines for further positive housing trends. But for first-time buyers, time is running short on the federal government's $8,000 tax credit. Full Story |
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Home Buying for Young People: Plan Ahead By: ReMax Hometown Advantage, 07 Jul 2009 Here are five recommendations for young people who want to position themselves for homeownership. Full Story |
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Easy Ways to Revitalize Your Outdoor Spaces By: ReMax Hometown Advantage, 15 Jun 2009 At about this time every year, we begin to venture out from our living rooms and dens into the porches, backyards and patios that will be our fresh-aired habitat for the next few months. Summer is here. Full Story |