From the monthly archives: June 2010

Refinancing your home can be an excellent way to bring down your monthly mortgage payment, raise cash, or consolidate debts with high interest rates. However, you need to do your homework before deciding to refinance. One important factor is the difference between current interest rates and the rate of your original loan. You also need [...]

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How to Determine Your Home Buying Purchasing Power

Understanding how much house you can afford is the first step when it comes to buying a home. Determining your purchasing power is something you should do even before you start looking at potential houses. Depending on your individual situation, your budget can affect everything [...]

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Immediately after hearing the news of the senate’s intention to extend the closing date of the expiring home buyer tax credit from June 30, 2010 to September 30, 2010, njretoday.com, received an flood of emails from angry buyers who were in the market back in April 2010, but through no fault of their own, were [...]

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[Update June 2010] Possible September 2010 Extension to Home Buyer Credit as Builders and Home Owners Struggle to Complete Home Transactions by June 30 2010 Tax Credit Deadline From Investtosave.com

Construction crews are working around the clock to meet tight deadlines to finish houses by the end of June so purchasers can [...]

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When it comes to comparing interest rates for a mortgage loan, homebuyers often have the option of choosing a loan with a lower interest rate by paying points. Simply put, a point is equal to 1 percent of the loan amount. For example, with a $100,000 loan, one point equals $1,000. Points are usually paid [...]

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State legislators recently began considering a law that would give buyers an income tax credit worth $15,000 or 5 percent of the home purchase price, whichever is less. The state Assembly approved that measure late last month. If it is passed, the credit would be distributed over a 3 year period on a 1st-come, 1st-serve [...]

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