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 Tax Credit Monetization Plan: How Much Will It Cost?
In my opinion, one of the nice things HUD did in their recent mortgagee letter (2009-15) regarding the use / monetization of the new home buyer tax credit is that they specifically laid out how much “it should cost” the consumer. According to the Official Mortgagee Letter (2009-15): “Any costs attendant to the purchase of the tax credit are to be nominal and discounting the anticipated credit … [Read more...]