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Monday, March 16, 2009 3:00 PM

Economy in Toilet = Lower Interest Rates for Homeowners!

Unless you have been living in a cave, you most likely know that the U.S. Economy is at its lowest point in recent history. That is certainly not good news. But there is a silver lining: Mortgage rates tend to fall when economic news is bad. Basically,
Posted by Darla and LeRoy Pilant | 0 Comments
Tuesday, March 03, 2009 2:09 PM

About the First Time Home Buyers Tax Credit

When the final stimulus bill was approved, there were three major changes from the original first time home buyer tax credit program: · Tax credit was increased from $7,500 to $8,000. · Homes have to be purchased between January 1, 2009
Posted by Darla and LeRoy Pilant | 0 Comments
Tuesday, February 17, 2009 5:31 PM

Obama Signs Economic Stimulus Plan - How it affects the Housing Industry

The $790 billion stimulus package signed by President Obama today increases the home buyer tax credit to $8,000, drops the repayment feature, reinstates last year's 2008 loan limits for FHA, Freddie Mac, and Fannie Mae loans, and provides $2 billion
Posted by Darla and LeRoy Pilant | 0 Comments