As we sit, the current homebuyer tax credit is now almost officially a thing of the past, as contracts must be signed by April 30, 2010 for first time and existing home buyers to take advantage of the tax credit. The question now becomes, what happens now that the home buyer tax credit is going away?Certainly, while the tax credit has not been the cure all for the housing market, it has helped Continue Reading
Archives for April 2010
Qualify for 5% Down with only 680 credit score
5% DOWN PAYMENT With only a 680 mid score (down from 720).Until now, buyers needed to have a 720 middle score to qualify for mortgage insurance. Buyers can now obtain mortgage insurance with just 5% down and a 680 credit score for conventional financing!* Once again, this is perfect for homes that cannot go FHA or for borrowers who want to avoid paying 2.25% up front mortgage insurance.Financing Continue Reading