Archive for April, 2010

The Federal Government home buyer tax credits expire today, April 30th, 2010. ?The $6500 move up home buyer tax credit and the $8000 first time home buyer tax credit have been very popular as this has been free money in the pocket of those who are seeking to purchase a new home in 2009 and 2010.


Now that these government housing tax credits are set to expire many people are wondering what will happen to the overall housing market. ?Unfortunately no one knows what will truly happen with the housing market but if there are fewer incentives for first time buyers then there is a chance that we could see lower home prices in some markets.

Many analysts have been predicting mortgage rates are likely to rise in the near future. ?If there is a rise in mortgage rates and first time buyers have fewer incentives to buy then this could spell disaster for a housing market that is already struggling. ?Another leg down in home prices could make it very difficult for some homeowners.

Author: Mike Garner

The move up homebuyer tax credit that was created in November is set to expire today, April 30th, 2010. ?Many Americans were wondering if there would be a move up homebuyer tax credit extension in 2010 but it is safe to say that this is very unlikely as the expiration is today.


Over the next few months it will be very interesting to see how the housing market reacts to this tax credit being over. ?There is little argument to be made that this tax credit has helped the overall housing market. ?Many analysts feels that the first time home buyer tax credit combined with the move up homebuyer tax credit have helped to stabilize many housing markets that have greatly struggled over the last few years.

With the possibility of higher mortgage interest rates and the expiration of the government tax credits it will be very important to watch the new home sales numbers that come out for the month of May. ?New home sales for April will likely blow out the number as this is the expiration month but May 2010 is much more important.

Author: Heather Best

With the first time home buyer tax credit expiring today it comes as no surprise to see many future homeowners searching to compare mortgage interest rates today. ?There are currently low rates on VA, FHA and conventional mortgages for first time home buyers. ?It is very important to do your research on these loan types before making any final decision.


For much of 2010 we have seen the 30 year conventional mortgage rate around 5%. ?If you have a credit score over 740 and a debt to income ratio below 40% you will likely be able to borrow a significant amount of money at low interest rates. ?If you do not have these requirements then you are going to see that your interest rate offers are much higher.

As always, when making a big financial decision, it is best to step back and look at your financial situation. ?Before making a home purchase it is very important to make sure you can offer the mortgage payments each and every month. ?You do not want to go through the process of foreclosure in the future.

Author: Alan Lake

With credit card debt being a huge issue in this country many Americans are searching for an Obama credit card debt relief plan or program. ?The FTC has warned all Americans to protect yourself when it comes to credit card debt relief programs. ?There is no Obama credit card debt relief plan, program or bailout. ?The best way to better understand this is to access the FTC website at FTC.gov.


There are many free resources on this website that could help you to better understand your rights when it comes to credit card debts and budgeting wisely. ?The best way to pay off your high interest rate credit cards is to make certain that you are saving more money then you are spending. ?If you continue to spend more than you save then it is going to be impossible to pay off your debts.

By sitting down and creating a budget you could end up saving a significant amount of money over the course of your lifetime. ?A few hours each week could end up saving you tens of thousands of dollars over the next decade.

Author: Mike Garner

Today is the last chance for first time buyers to qualify for the tax credits available from the government. ?With that being the case many first time buyers are searching for today’s lowest FHA mortgage rates. ?It is very important to note that the lowest mortgage rates are not always available to all borrowers.


If you have a great credit score, above 740, and a low debt to income ratio then there is a very good chance that you could qualify for an FHA mortgage rate below 5%. ?It is very important to note that you must be a very good borrower of money to have the ability to lock in to rates this low.

Tomorrow there will be no more first time home buyers tax credit but this does not mean that it is not a good time to buy a home. ?Home prices are very affordable and mortgage interest rates are very close to all time lows. ?With this being the case there are still many opportunities for first time home buyers to save money by buying a home today.

Author: Tiffany Mann