While you might think that listing a home and getting a good offer is the toughest part of our Lake Norman real estate market these days, in my opinion you would be wrong. The greatest challenge in most cases right now truly is getting a lender to actally make a loan and close a sale! We all [...]
By now most every potential Lake Norman home buyer or seller has at least heard about the new $8,000 tax credit for home buyers included in the recently enacted Economic Stimulus Package signed into law by President Obama on February 17th. Unfortunately, there is a bit of confusion regarding the details of this [...]
Learn about foreclosures, refinancing, home buying or selling tips and even get individual counseling at this Saturday’s free Homeownership Opportunities & Foreclosure Prevention Expo at UNC Charlotte. Organized by federal officials from the U.S. Department of Housing and Development, this forum will be an opportunity for homeowners worried about foreclosures, thinking about refinancing or [...]
Every once in a while I ask one of my local Mooresville, greater Lake Norman area Mortgage Brokers to write a brief overveiw of our current home loan programs and how the national financial markets affect our Lake Norman market. Below is an update by John Nolo who is located right here in Mooresville: [...]
New Home Buyer Tax Credit Confusion Addressed by IRS
According to a recent update I received from the National Assoication of Home Builders, two scenarios since the extension of the First-Time Home Buyer tax credit and the creation of the repeat home buyer tax credit have risen and been addressed by the IRS: “With the addition of the second tax credit, there may [...]