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Tax credit can be used as down payment on FHA Loans !!

The government today gave the green light to the financing of bridge loans of up to $8,000 to first time home buyers who qualify for tax credits under the Obama Administration’s economic stimulus plan. The new mortgagee letter stipulates that government agencies, non-profits and FHA-approved lenders can give advances on the tax credits. Housing secretary [...]

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My latest youtube videos

This section has my latest videos on youtube.com.

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30-year fixed-rate hits at least 37-year low

30-year fixed-rate hits at least 37-year low December 19, 2008 11:40 AM By Inman News Inman News Rates on 30-year fixed-rate mortgages are at their lowest since Freddie Mac began tracking them in 1971, the mortgage financier said in releasing the results of its weekly primary mortgage market survey. Frank Nothaft, Freddie Mac vice president and chief economist, attributed [...]

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Low prices boost valley home sales.

Foreclosure sales drive valley’s third quarter Coachella Valley home sales during the third quarter of 2008 jumped 51.5 percent compared to 2007, driven predominately by buyers nabbing foreclosures and other distressed properties that have been sharply discounted. The rise in sales is a dramatic turnaround from 2007, when third-quarter housing sales were down 23.3 percent from the [...]

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