The Federal Government had its citizens captivated with the anticipation of the Senate’s $15000 tax credit that was quickly rejected in committee.  This credit generously provided homebuyers – not just first-time homebuyers – with a tax credit of up to $15000.  Instead, negotiations on the bill increased last year’s $7500 housing credit by $500 resulting [...]

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Clearly the federal government wants its citizens engaged in the housing market again.  As part of the original 2009 stimulus package, a 15000 tax credit for homebuyers is emerging as an incentive for those who are considering this investment. The $15000 tax credit bill is yet to be a federal law, but its passage in [...]

Filed under: Tax Credits | 3 Comments »

As of February 6, 2009 Fannie Mae expanded the financing options for borrowers of investment in rental property and second home borrowers to finance up to ten properties if specific eligibility requirements and financial prerequisites are met.  Thus, Fannie Mae has realized the importance that investment in rental property has on our economy.  Previous investment [...]

Filed under: Home Mortgages | 1 Comment »