Back to Home
Back To Home
Exclusive Listings Search The MLS Homes for rent News and Press Contact Us

News & Press

Getting a Mortgage in 2010: 10 Things to Know

By Luke Mullins Posted: December 3, 2009

Source US News

More than three years into a painful housing crash, the real estate market has sent recent—albeit tentative—signs of stabilization. Home sales have increased, inventory levels are down, and price declines have become less precipitous. Along with more affordable home prices and a tax perk from Uncle Sam, attractive mortgage rates—which remained below 5 percent as of late November—have been a driving force behind this development. The availability of low mortgage rates will play a decisive role in the performance of the 2010 housing market as well. To help consumers better understand the requirements and costs they will face as they shop for a home loan next year, U.S. News spoke with a handful of housing market experts and compiled a list of 10 things to know about getting a mortgage in 2010. Read Full Article

[Slide Show: 10 Things to Know About Getting a Mortgage in 2010.]

First-Time Homebuyer Credit Extended to April 30, 2010; Some Current Homeowners Now Also Qualify

WASHINGTON — A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers.

The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase. Read Full Article

  Realty Elite The Palm Beaches - 9144 Forest Hill Boulevard - Wellington, FL 33414 - PH: (561) 964-9566 FAX: (561) 964-9555 EMAIL US
Share on Facebook