February 20, 2009
by Jaime Tineo
Part of the funds allocated through the 2009 American Recovery and Reinvestment Act, aka the Economic Stimulus Plan, is geared towards helping troubled homeowners modify their existing loans to less than 30% of their monthly incomes. Over the last couple of years this conservative lending practice was surrendered over more riskier and speculative lending practices…hence [...]
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February 17, 2009
by Jaime Tineo
The original planned tax credit called for a $15,000 credit to first time home buyers. The revised and approved package calls for an $8,000 credit instead. Unlike the previous credit that was available in 2008, the current credit does not to be repaid. It’s yours to keep. (ironically, we are borrowing from ourselves, to give [...]
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