Posts By Gerald Santoro
Location
New Jersey
Phone: 732-241-4015
Posts
Super Conforming Loan Limits are set to expire on September 30th!
April 18th is the last day to file your 2010 Taxes without a penalty and also, FHA is increasing the Annual Mortgage Insurance Premium in New Jersey and across the country effective April 18th.
The Federal Housing Authority (FHA), did not take long to initiate an increase again to the Mortgage Insurance Premium (MIP) in New Jersey and across the country. The annual MIP will increase .25% on all 30 and 15 year loans effective April 18th,2011. On average, the increase will amount to approximately $30 more monthly for all new FHA borrowers. Existing FHA loans are not impacted by the price change.
An eligible New Jersey homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home for First Time Home Buyers or up to $6500 for repeat buyers.
A measure to help bring stability to home values and accelerate sale of vacant properties went into effect February 1st, 2010.
There is a little known and under utilized home loan available in New Jersey and across the country. This loan provides 100% Financing! You read it right…..100% financing…..and no Mortgage Insurance!
$8,000 First-time Home Buyer Tax Credit at a Glance
First Time Homebuyer Tax Credit Extended Into 2010!
Plus…A New Tax Credit for Certain Existing Home Owners!
Congress gave final approval Thursday to support the housing market by extending and expanding the First Time Home Buyer Tax Credit.
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