Conventional 5.00%
5/1 ARM 3.750%
FHA 5.00%
VA 5.00%
USDA 5.00%
NCHFA 4.750%
Investment 5.750%
As always, call, text, email, or tweet for more info!
336-714-9444
336-244-4269
amanda.shore@allentate.com
@amandashore
Friday, March 26, 2010
Tuesday, March 23, 2010
A Double Whammy
Everyone knows that the tax credit "under contract by" date is April 30, but a lot of folks don't realize that coming soon, FHA funding fees will increase. So many people rely on FHA loans for their home purchases, and when that upfront fee increases, more cash will be required to close. You can get MORE house NOW for the same amount you will be able to get LESS house for LATER. If you are on the fence, jump off and call today!
Saturday, March 20, 2010
Turnkey in Winston-Salem
I have just put a 2BR home on the market in Winston-Salem just off Hwy 52... talk about a dollhouse! This all brick ranch with vinyl trim (so no painting needed ever!) would be perfect for an empty nester or maybe a young person just starting out. It has 2 good sized bedrooms, a large bath, a spacious living room, and the kitchen is open and airy and bright -- when you turn the corner to enter, you will be surprised! The owner has meticulously maintained it while she has lived there, and the lot... oh my goodness! The front yard is plenty big enough, but the backyard would accomodate a garden, playset, trampoline, AND swimming pool! The home also boasts a nice storage building, a patio in back, an attached 1 car garage, and wonderful neighbors. Visit 5626 Plantation Drive on AmandaShore.com today!
Friday, March 12, 2010
Today's Rates from Allen Tate Mortgage
Rates are still wonderful with both conventional and FHA below 5%! Forecasts predict they will be going up soon, though, so you better act fast. Call or email me for more info, and please see below:
Conventional 4.875%
5/1 ARM 3.750%
FHA 4.875%
VA 5.00%
USDA 5.00%
NCHFA 4.750%
Investment 5.625%
For mortgage help, contact me or Jennifer Tuttle with Allen Tate Mortgage at jennifer.tuttle@allentate.com. Phone calls do not obligate you to use our services.
Conventional 4.875%
5/1 ARM 3.750%
FHA 4.875%
VA 5.00%
USDA 5.00%
NCHFA 4.750%
Investment 5.625%
For mortgage help, contact me or Jennifer Tuttle with Allen Tate Mortgage at jennifer.tuttle@allentate.com. Phone calls do not obligate you to use our services.
Thursday, March 4, 2010
Surprising...
Not Much Impact from Repeat Buyer Credit
It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find a new place to live, giving a thrust of energy to the housing market's recovery. So far, however, people are staying put.
http://tinyurl.com/ybl2wph
Taken from NCRealtors.com
It sounded like a great idea three months ago: Hand homeowners a $6,500 tax credit to find a new place to live, giving a thrust of energy to the housing market's recovery. So far, however, people are staying put.
http://tinyurl.com/ybl2wph
Taken from NCRealtors.com
Friday, February 26, 2010
Advice for Those Seeking the Tax Credit
Taxpayers Seeking Homebuyer Tax Credits, Refunds Must File Paper
by Broderick Perkins
Homeowners filing for the home buyer tax credit are not allowed to use electronic filing and must file hard copies due to special documentation requirements.
Earlier this year, the Internal Revenue Service (IRS) deployed new home buyer tax credit forms and instructions requiring forms that will force taxpayers to file on paper, rather than electronically.
Under the new and expanded home buyer tax credit rule , the credit is worth up to $8,000 for first-time home buyers and up to $6,500 for qualifying existing home buyers, in both cases, who buy a primary residence or have one built.
The tax credit is refundable. A credit that is larger than the taxes owed is returned to the taxpayer in the form of a refund.
The home can cost no more than $800,000 and qualifying income is limited to a maximum of $125,000 for single taxpayers and $225,000 for joint taxpayers.
Get the full scoop online from the IRS' "First-Time Homebuyer Credit" page online.
In addition to Form 5405, also include at least one of the following documents:
• A copy of the HUD-1, Settlement Statement, showing all parties' names and signatures, property address, sales price, and date of purchase.
• For mobile home buyers who don't get a settlement statement, a copy of the executed retail sales contract showing all parties' names and signatures, property address, purchase price and date of purchase.
• For new home buyers who don't get a settlement statement, a copy of the certificate of occupancy showing the owner’s name, property address and date of the certificate.
Existing home owners applying for the $6,500 maximum tax credit must additionally prove they lived in their old home for the required period.
Information courtesy of Realty Times
by Broderick Perkins
Homeowners filing for the home buyer tax credit are not allowed to use electronic filing and must file hard copies due to special documentation requirements.
Earlier this year, the Internal Revenue Service (IRS) deployed new home buyer tax credit forms and instructions requiring forms that will force taxpayers to file on paper, rather than electronically.
Under the new and expanded home buyer tax credit rule , the credit is worth up to $8,000 for first-time home buyers and up to $6,500 for qualifying existing home buyers, in both cases, who buy a primary residence or have one built.
The tax credit is refundable. A credit that is larger than the taxes owed is returned to the taxpayer in the form of a refund.
The home can cost no more than $800,000 and qualifying income is limited to a maximum of $125,000 for single taxpayers and $225,000 for joint taxpayers.
Get the full scoop online from the IRS' "First-Time Homebuyer Credit" page online.
In addition to Form 5405, also include at least one of the following documents:
• A copy of the HUD-1, Settlement Statement, showing all parties' names and signatures, property address, sales price, and date of purchase.
• For mobile home buyers who don't get a settlement statement, a copy of the executed retail sales contract showing all parties' names and signatures, property address, purchase price and date of purchase.
• For new home buyers who don't get a settlement statement, a copy of the certificate of occupancy showing the owner’s name, property address and date of the certificate.
Existing home owners applying for the $6,500 maximum tax credit must additionally prove they lived in their old home for the required period.
Information courtesy of Realty Times
Saturday, February 20, 2010
Smoke Detector Law in Effect for WS!
Effective Feb. 18, 2010, the new Smoke Detector Ordinance passed 18 months ago goes into effect. It applies to ALL homes within the city limits (and jurisdictional district) of Winston-Salem.
The new law requires detectors in every bedroom (and some other "rooms that can be used for sleeping") and on every floor. The property owner is the responsible party - this is important for rental property! Property managers are also responsible to make sure there is compliance according to the NC Real Estate Commission.
The new law requires detectors in every bedroom (and some other "rooms that can be used for sleeping") and on every floor. The property owner is the responsible party - this is important for rental property! Property managers are also responsible to make sure there is compliance according to the NC Real Estate Commission.
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