All Posts Tagged With: "tax"
First-Time Home Buyer Credit Still On For Vets
While the tax credit for first-time home buyers and sellers largely ended in April, the credit actually continues for active-duty military personnel until April 30, 2011, something that could be important for VA loan borrowers and veteran sellers. The $8,000 tax credit (along with its $6,500 companion credit for existing homeowners) spurred an uptick in [...]
3Jun2010 | Chris Birk | 1 comment | Continued
April 15th: The Right Way To Figure Taxes
With April 15 now upon us a question lingers: Isn’t there a better way to deal with this annual effort to find receipts, stubs and numbers that balance? My interest in taxes is both economic and genetic. My late father was a CPA for more than 60 years and at age 90 or thereabouts was [...]
14Apr2010 | Peter G. Miller | 0 comments | Continued
A Basic Guide To Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th. But for those with real estate the load is made lighter by tax [...]
11Nov2009 | Peter G. Miller | 0 comments | Continued
Making The First-Time Buyer Tax Credit Better — Or Worse?
There is now a new effort on Capitol Hill to increase the first-time buyer credit from $8,000 to $15,000. Under S1230, first-time buyers would be able to get a credit equal to as much as 10 percent of the purchase price, up to $15,000. Not only that, but the time the home would have to [...]
19Jun2009 | Peter G. Miller | 0 comments | Continued
FHA — Yes (Sort Of) To No Money Down
HUD has come out with new regulations which will allow borrowers to get FHA financing with no money down — but only in very limited circumstances. On May 11th HUD said first-time buyers could use their $8,000 tax credit to fund their FHA downpayment. In effect, borrowers would get a short-term bridge loan that would [...]
1Jun2009 | Peter G. Miller | 0 comments | Continued
2009 Real Estate, Mortgages & Taxes
Let’s be honest: April 15th is a day of reckoning, the moment when we find out what we really owe for taxes. In households nationwide wallets are drained and many who were rich on the 14th are greatly impoverished by the 16th. But for those with real estate the load is made lighter by tax [...]
11Mar2009 | Peter G. Miller | 1 comment | Continued
Uncle Sam’s $8,000 For First Time Home Buyers
The government is hoping if you don’t now own a home that you’ll make the logical choice and buy one this year. If you do, there’s an $8,000 credit from Uncle Sam available to help you out. Last year the government announced that if you were a first time buyer and bought a home that [...]
21Feb2009 | Peter G. Miller | 0 comments | Continued
Should There Be a “Furnace Guzzler” Tax?
For a very long the nation has been divided by a fundamental question: What do we do about large houses? Truth is, we love ‘em. While part of the population endorses the “small is beautiful” approach, huge numbers of folks adore elephantine houses. Like our meals, today’s homes have been super-sized. The Census Bureau reports [...]
19Sep2008 | Peter G. Miller | 0 comments | Continued
Let’s Make Military Incomes Tax-Free
The past few weeks have seen battles on two fronts, the fight to take Iraq and the debate in Washington regarding how best — if at all — to cut taxes. Allow me to confess that I am one of those opposed to tax-relief for the rich, my thinking being that our gilded elite have [...]
17Sep2008 | Peter G. Miller | 0 comments | Continued
Should Lenders Dump No-Tell Loans?
For many years the lending process has become less and less rigid. In the general case this is a trend to be welcomed, but the question to be asked is this: Have we gone too far? With “stated income” loans borrowers tell the lender how much they make but the lender graciously does not verify [...]
16Sep2008 | Peter G. Miller | 0 comments | Continued
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