Members of the U.S. military, Foreign Service and intelligence communities have another year to purchase a home and claim the home buyer tax credit. Any service member who is or has been on extended duty for 90 days or more between Jan. 1, 2009 to April 30, 2010, has until April 30, 2011, to sign a […]
Read More →Tax Credit Still Available for Military Members
on May 21, 2010in First Time Homebuyers, Real Estate News, Resources for Home Buyerstags: Homebuyer Tax Credit, Tax Credit for Military
$8,000 Tax Credit Deadline Approaching
on March 12, 2010in First Time Homebuyers, Real Estate News, Resources for Home Buyerstags: First Time Homebuyers, Homebuyer Tax Credit, Tax Credit
The April 30th deadline is just around the corner! [youtube=http://www.youtube.com/watch?v=CyB72M0ae4I] In order to claim the tax credit, Home buyers must sign a purchase agreement between November 30, 2009 and April 30, 2010, and close by July 1, 2010. As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our […]
Read More →Applying the Homebuyer Tax Credit to your 2009 Taxes
on March 7, 2010in First Time Homebuyerstags: Homebuyer Tax Credit
To claim the credit as part of your 2009 return, you will need: The standard Form 1040 and Form 5405 for the home buyer tax credit. 1. First begin Form 1040. 2. Be sure to take note of your adjusted gross income, which you enter on lines 37 of the form. Form 5405 actually requires […]
Read More →FHA Loans – Waiting to Buy Will Hit Your Pocketbook
on February 17, 2010in First Time Homebuyers, Mortgage Lending News, Real Estate News, Resources for Home Buyerstags: Buying a Home, FHA Loans, First Time Homebuyers, Homebuyer Tax Credit, Lending Industry, Mortgage brokers, Mortgages, Pacific Residential Mortgage, Real Estate Market, Real Estate News, Tax Credit, Yamhill County Real Estate
Yesterday morning mortgage broker Venessa Ward of Pacific Residential Mortgage spoke to the Bella Casa Real Estate brokerage. She covered a lot of valuable information and I wanted to share some of the key points we learned from Venessa. Venessa provided this FHA loan scenario to illustrate how waiting to purchase will hit your pocketbook […]
Read More →Does Moving Up Make Sense?
on February 10, 2010in Resources for Home Buyers, Resources for Sellerstags: Buying a Home, Homebuyer Tax Credit, Is it Time to Sell?, Selling Your Home, Yamhill County Real Estate
These questions will help you decide whether you’re ready for a home that’s larger or in a more desirable location. If you answer yes to most of the questions, it’s a sign that you may be ready to move. Somewhere like Berlin might whet your appetite. If so, check out JLL Residential Development Germany. 1. […]
Read More →How to Claim Your Homebuyer Tax Credit in 2010
on January 25, 2010in First Time Homebuyers, Resources for Home Buyers, Tax Infotags: 2009 Taxes, 2010 Taxes, First Time Homebuyers, Homebuyer Tax Credit, Tax Credit
This IRS video explains how to claim the Homebuyer Tax Credit on your 2009 or 2010 taxes, and the official paperwork you must submit. [youtube=http://www.youtube.com/watch?v=FEceiZW9e3w] Learn more about the Homebuyer Tax Credit, see FAQ’s and Sample Scenarios Download IRS Form 5405.
Read More →Changes to FHA Loans Impact Buyers
on January 22, 2010in First Time Homebuyers, Mortgage Lending News, Real Estate News, Resources for Home Buyerstags: Buying a Home, First Time Homebuyers, Homebuyer Tax Credit, Mortgage rates, Real Estate News
The Federal Housing Administration announced several changes to FHA insured loans this week. 1) The upfront mortgage insurance premium will increase from 1.75% to 2.25%. For example: On a a $200,000 mortgage, a 1.75% mortgage insurance premium added $3,500 to the FHA loan, bringing the total loan amount to $203,500 that a borrower was required […]
Read More →Video Tip on the Homebuyer Tax Credit
on December 10, 2009in Real Estate News, Resources for Home Buyers, Resources for Sellerstags: Buying a Home, Homebuyer Tax Credit, IRS, Selling a home
Video tip from the IRS regarding the Homebuyer Tax Credit
Read More →Sample Scenarios – regarding the extended Homebuyer Tax Credit
on November 30, 2009in Real Estate News, Resources for Home Buyerstags: Homebuyer Tax Credit
These sample scenarios further explore the ins and outs of this valuable federal tax credit. Scenario 1: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new home. I have lived in my current home for more than 5 consecutive years and am within the new income limits. […]
Read More →Frequently Asked Questions – regarding the extended Homebuyer Tax Credit
on November 30, 2009in Real Estate News, Resources for Home Buyerstags: Homebuyer Tax Credit
You’ve heard about the expanded federal tax credit for first-time and repeat homebuyers, and now you have specific questions. Right? Here are several frequently asked questions related to the Homebuyer Tax Credit. Let us know if you have further questions and we’ll be glad to help you. Q. For existing homeowners, must the new house […]
Read More →Questions? Call 503-437-9005
We’ve got answers. Talk to a Bella Casa real estate agent to learn specifics about buying or selling, or to get the scoop on a property or neighborhood.
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