I just locked a 95% 30yr fixed FHA Rate & Term Refinance loan on a 30 day lock at 5%
No points No fees No costs to client...None...our Investor is paying us to deliver these loans to them.
This is what you need to do:
Call IET Capital at 562 360-1027
Click here to e-mail the first available rep
Or apply online at http://www.ietcapital.com/apply-financing.php
If you are not doing anything and everything you can to refinance right now you are missing out on what will most likely be a a once in a lifetime opportunity... I'm not going to apologize for coming across as too sale-esy or too strong here. What I'm telling you to do is in your best interest. There is no time to beat around the bush or think about this. Fence straddlers Go Home! This…
For liability reasons it "wouldn't be prudent" for us to give you direct advice on this topic but here are some excellent sources of information for you to review with either your CPA or Tax Lawyer.
IRS Links:
IRS FAQ re: The Mortgage Forgiveness Debt Relief Act and Debt Cancellation
IRS News Update: Mortgage Workouts, Now Tax-Free for Many Homeowners; Claim Relief on Newly-Revised IRS Form
IRS Publication 4681 re: Canceled, Debts, Foreclosures and Abandonments
click here if you are looking for info on the 2009-2010 tax credit extension that passed in November 2009?
The recently approved American Recovery and Reinvestment Act of 2009, combined with favorable resale prices and interest rates, offers home buying bargain hunters a once in a lifetime purchasing opportunity. The measure has features designed to stimulate the economy and spur home sales with the hope that this will trigger a ripple effect throughout the overall economy. Features include:
An $8,000 tax credit - up from $7,500 - available to first-time home buyers for purchase of principal residence after January 1 and before December 1 2009.
The credit applies only to homes purchased during 2009.
Interesting article, it says that only 25 people in the whole country have qualified for the "Hope for Homeowners" program...25 in the whole country... with the guidelines setup as they were though I'm surprised its even that high. Despite its name this program has not exactly been what I would call a "light at the end of the tunnel" for US Households.
I do think there will be some major changes in lender willingness to do loan mods between now and end of 2009, especially with regard to their willingness to reduce principal balances, stay tuned...
Update 3/24/09: Here is a new article from Inman News with some…
