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Missouri Housing Commission Offering 3.50 Percent Mortgage Rate
Missouri Housing Development Commission (MHDC) has lowered the interest rates on mortgages offered under its first-time homebuyer program. A 3.50 percent 30-year fixed rate mortgage is available to homebuyers not needing assistance with down payment and/or closing costs, while a 4.0 percent 30-year fixed rate mortgage is available to those buyers who do take advantage of cash assistance. These rates are the lowest ever offered by MHDC.
How to Recognize a Buyers Market
Are you on the search for a new home? Are you a first-time home buyer ready to enter the market? Then a buyers market is right where you want to be!
Tax Credit Officially Extended and Expanded
After much fanfare the home buyer and home owner tax credit is in place. This new law extends the first time home buyer tax credit for property under contract by April 30, 2010 and closing by June 30, 2010. Under the same bill unemployment benefits are extended by 14 weeks and there are provisions to […]
Last Days of the $8,000 Federal Tax Credit
Could it be the end of the $8,000 Federal tax credit for first time home-buyers? The one thing we know with certainty is the program is currently set to expire on November 30th. Without action from Washington, time is of the essence in order to successfully complete a purchase transaction before the deadline. Given the […]
$8,000 Federal Tax Credit deadline approaching
The Tax Credit Program expires at midnight on November 30th and provides that only purchases that have CLOSED by that time are eligible for the program. With the current HVCC appraisal regulations and mortgage environment it currently takes between 45 and 60 days from contract to closing on average. The effect on the average first […]
Tap Today’s Housing Opportunity
Daily Real Estate News | March 13, 2008 Falling home prices spell opportunity for buyers, even if they already own a home and don’t want to be a landlord. Here are three smart ways to invest in today’s housing market. Trade up. Now’s the time to buy a larger home in a better neighborhood at […]