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Ben Said:

How many people hold a mortgage in the USA?

We Answered:

Eureka.

http://www.plunkettresearch.com/BankingM…

Jacob Said:

i need information about the mortgage credit for texas veterans first time home buyer?

We Answered:

Are you looking to get a VA loan and see if it falls under the first time home buyer? YES, it does. I can give you more specifics - I'm even in Texas.

The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).

This breaks down into two qualifying classes, your first time home buyers and move up or repeat buyers.

$8,000 First-time Home Buyer Tax Credit

* The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
* The tax credit does not have to be repaid.
* The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
* The tax credit applies only to homes priced at $800,000 or less.
* The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.
* For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.
* For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The $6,500 Move-Up / Repeat Home Buyer Tax Credit

* To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
* The tax credit does not have to be repaid.
* The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
* The tax credit applies only to homes priced at $800,000 or less.
* The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
* Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

Geraldine Said:

Is the buyer responsible to find out the sellers mortgage information?

We Answered:

there is something called privacy laws.. you can do what you can on your own.. recorded mortgages are a matter of public record..

nothing better than having a realtors azz in a sling... hmmm, lunch looks good today.


***ADD to your edit.. sue in small claims court. if you had a completely executed purchase agreement and seller backed out, sue.

Calvin Said:

Which mortgage company offers home loans to foreign nationals?

We Answered:

you should not have any problem to get financing for Real Estate in the US. Foreign nationals are normally required a downpayment of around 25% but since you have an established credit in the US you are probably almost treated (on lender's site) like an American Citizen. Talk to any local Bank or Mortgage Broker, they will be able to help you.

Anna Said:

can a person with hold Tax information(mortgage interest)preventing them from filing for the home credit ?

We Answered:

The I.R.S. will know when the Bank files their taxes so not a good idea. If you do, it may take a while but the IRS will put it together. When they do, you will pay. Never a good idea to get messed up with the IRS.

Darryl Said:

How can I find information on Bank One Mortgage Corporation just before they became Chase Home finance?

We Answered:

The best place to find archived company information is Hoovers Business Database:

http://www.hoovers.com/free/

I am a buiness librarian and I use Hoovers all the time for researchinh historical business data.