Are you a loan officer reading this blog? Welcome. Pull up a chair today and feel free to show us your mortgage expertise. Flex your mortgage muscles if you will. Feel free to advertise right here on this post with your name, contact information, picture – pretty much whatever you want – if you are actually able to help people “monetize” the 8000 tax credit. Based on the number of times … [Read more...]
New Home Buyer 8000 Tax Credit Down Payment: Answers To Questions
Yesterday HUD issued Mortgagee Letter 2009-15 which gave official guidance on how exactly you can turn the 8000 Tax Credit for new home buyers into cash to help you cover your closing costs and possibly part of your down payment. Home Buyer Tax Credit Monetization: How To Claim The 8000 Tax Credit While many people have many questions, I decided to cover the most popular ones that I hear. … [Read more...]
8000 Tax Credit Bridge Loan: Bridge To Where?
You remember the feeling. Remember back in high school when your teacher announced a pop quiz and you didn't study the night before because you were hanging out at your friends house watching the A-Team? You know the feeling and you can describe it in two words. (hint: the first word is "Oh") That is how I felt yesterday when I learned about the possibility of the 8000 tax credit being … [Read more...]