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Important 2009 Tax Credit for Homeowners
January 17th, 2009 3:48 PM

To good news is that I'm not a tax attorney or tax advisor, and I'm not giving tax advice, but, I just wanted to let everyone know that there is a federal home improvement tax credit available in 2009.

Beginning January 1, 2009 there are up to $500 in federal tax credits for homeowners making improvements to insulation, replacement windows, non-solar water heaters, and certain high efficiency heating and cooling equipment. For more details and forms needed go to http://www.energystar.gov/index.cfm?c=products.pr_tax_credits.

For help in financing the repairs, of course, you are welcome to call or e-mail me whith any questions!

P.S. Check these related pages out on my wegsite:

FHA203K

HomeownerDeductions 

Dan Latimer 

Posted by Dan Latimer on January 17th, 2009 3:48 PMPost a Comment (0)

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The Good the Bad and the Rates
January 25th, 2009 4:17 PM

I have good news and bad news...which do you want first?

OK - here's the good news. Interest rates are at historic lows, making it possible for many homeowners to refinance and improve their financial position - and combined with homes listed currently at bargain prices, those who are in the market to buy are able to purchase the home of their dreams and get a great deal.

Here's the bad news. Some homeowners who would like to refinance are finding that they can't due to the value of their home has decreased in value to a point that they are unable to refinance.  Current underwriting guidelines require that you have a minimum loan to value ratio of at least 98.5% for an FHA streamline refinance, 90-95% LTV for conventional and 100% LTV for a VA Streamline refinance.  Their simply isn't enough equity to get a lower interest rate and lower their payment.

The best news is that we can work together to  determine if refinancing may be possible in your particular situation.  As always, I encourage you to get in touch with me with any questions you may have to see if refinancing is a viable option for you at this time!

Regards,

Dan Latimer

Posted by Dan Latimer on January 25th, 2009 4:17 PMPost a Comment (0)

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