first time home buyer – owner loan

Christine Carter asked: With the collapse of the Subprime mortgage market, the mortgage industry has changed dramatically in recent months. Many of the more liberal mortgage programs have been discontinued. How will this effect the market for first time home buyer loans?From approximately the year 2000 until the year 2004 interest rates fell steadily, reaching [...]

PATRICIA BARDOWELL asked: The housing crisis has virtually brought the housing market to a standstill. Houses are now worth half the price, they were three years ago. Even with the low prices, the recession was so crippling to the economy, that people still would not buy these homes. Prospective home buyers were also in fear [...]

Craig Elliott asked: Buying a home for the first time is very exciting – no more renting, you are now paying and investing in yourself by paying your mortgage. However, through all the excitement of a mortgage and buying a new home, it’s easy to get carried away and to forget some important things you [...]

zianneaaliyah asked: I’ve been searching the internet to try to find the best site or information on what government grants are right for me and the best way to recieve them. I recently went to a NGC (National Grants Conference) and I wasn’t comfortable giving them a thousand dollars just to give me information [...]

Jack S asked: Does the first time home buyer tax credit provide a refund if you dont use all of it? And if not does it carry forward into the next year if you dont use all of it?Kristen

cali_korn_chic asked: I’m currently going through different options but possibly looking at buying a TIC unit in San Francisco. I have never owned property, so I would qualify for the first time home buyer tax credit. However, I know that TICs can be complicated. The whole building is not for sale, just the one unit, [...]

Felix Endo asked: My name is on the title/ownership of a house that I live in with my mother in Ontario.
I did not contribute any money to the purchase of the home.
Would I be considered a first time home buyer if my name is on ownership?Donald

Clark L asked: I am planning to buy a vacation home in out state. Now will I be consider as first time home buyer if I never own a house in my state?
Will I qualify for first time home buyer credit even though I am buying out state home?Edward

Thomas Ajava asked: The federal government has initiated a host of programs trying to rev up the government. From Cash for Clunkers to the First-Time Home Buyer tax credit, these programs have in fact revved up the auto and real estate markets. Alas, the IRS is starting to take a keen interest in those claiming [...]

Eden asked: Not on any mortgages, but has been listed on the title on a home. Can you get into some first time buyer programs. yes, its less than three years.Ana