Wednesday, October 7, 2009
Marietta on Today Show!
The Today Show named Marietta one of the top 4 places to buy a house in America! Check it out: http://www.mariettaga.gov/news/readarticle.aspx?id=1122#
Tuesday, September 29, 2009
Cobb Marietta Office Blog
Our marketing dude, Ben, is working on a blog for our office. Since he so graciously promoted my blog on the his, I want to promote his on mine.
Go check out: http://hnrcm.blogspot.com/
He just created it yesterday, but it already looks great!
Go check out: http://hnrcm.blogspot.com/
He just created it yesterday, but it already looks great!
$8,000 Tax Credit Ends November 30th
The $8,000 Federal Tax Credit for First Time Home Buyers will expire at midnight on November 30th. Historically it has taken 30-45 days to close a loan, but with new appraisal and disclosure requirements that have recently taken effect closings have taken a little longer to complete. To ensure you are able to take advantage of the tax credit you should start the mortage loan application porcess today!
Contact Cheri Costello with Home Services Lending at 770-795-0353
Contact Cheri Costello with Home Services Lending at 770-795-0353
Monday, April 6, 2009
New Web Site!
Hi Everyone,
We - along with the help of our fabulous new marketing coordinator, June - have been working hard on our new team web site. It is nowhere close to being complete, but please take a look at it and tell us what you think!
www.conynghamandwernz.harrynorman.com
We - along with the help of our fabulous new marketing coordinator, June - have been working hard on our new team web site. It is nowhere close to being complete, but please take a look at it and tell us what you think!
www.conynghamandwernz.harrynorman.com
First Time Home Buyers Tax Credit
Right now, an $8,000 tax credit is being offered by the government to enable aspiring homeowners to buy their first home.1 If you are eligible, the tax credit can help ease the financial transition from renting to owning. It can assist with buying furniture and home-décor; making home improvements – like remodeling, landscaping and painting; or paying down debt as you adjust to new monthly expenses. Homes purchased between January 1, 2009 and December 1, 2009 are eligible.
The tax credit is part of the American Recovery and Reinvestment Act of 2009, signed into law on February 17, 2009, and enacted to help stabilize the housing market and strengthen our overall economy.
Are you eligible for the tax credit?
The tax credit is designated for first-time home buyers.2 A first-time home buyer is defined as a buyer who has not owned a home in the last three years. The tax credit is equal to ten percent of the home purchase price, which is capped at $8,000. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Single taxpayers with incomes between $75,000 and $95,000, and married couples with incomes between $150,000 and $170,000 qualify for partial credit.
All homes purchased between January 1, 2009 and December 1, 2009, including single-family, townhomes, or condominiums, will qualify for the tax credit, provided that the home is used as the principal residence. This also includes new construction homes if occupied by December 1, 2009.
To learn more about obtaining the tax credit and repayment, visit the Frequently Asked Questions.
For further information about eligibility requirements and limitations, visit www.irs.gov.
This information is subject to change without notice.
1. Consult a tax advisor regarding your individual situation. This information is not intended to provide legal advice, tax advice, accounting services, or investment advice, nor should it be relied on for legal advice. Please seek the advice of your own legal counsel.
2. Not available for those who qualify for a similar tax credit in the District of Columbia, or for those who finance their home purchase under a mortgage revenue bond program.
The tax credit is part of the American Recovery and Reinvestment Act of 2009, signed into law on February 17, 2009, and enacted to help stabilize the housing market and strengthen our overall economy.
Are you eligible for the tax credit?
The tax credit is designated for first-time home buyers.2 A first-time home buyer is defined as a buyer who has not owned a home in the last three years. The tax credit is equal to ten percent of the home purchase price, which is capped at $8,000. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Single taxpayers with incomes between $75,000 and $95,000, and married couples with incomes between $150,000 and $170,000 qualify for partial credit.
All homes purchased between January 1, 2009 and December 1, 2009, including single-family, townhomes, or condominiums, will qualify for the tax credit, provided that the home is used as the principal residence. This also includes new construction homes if occupied by December 1, 2009.
To learn more about obtaining the tax credit and repayment, visit the Frequently Asked Questions.
For further information about eligibility requirements and limitations, visit www.irs.gov.
This information is subject to change without notice.
1. Consult a tax advisor regarding your individual situation. This information is not intended to provide legal advice, tax advice, accounting services, or investment advice, nor should it be relied on for legal advice. Please seek the advice of your own legal counsel.
2. Not available for those who qualify for a similar tax credit in the District of Columbia, or for those who finance their home purchase under a mortgage revenue bond program.
Monday, March 30, 2009
Mortgage Market Update From Cheri Costello
Here is the latest Mortgage Market Update from Cheri Costello of HomeServices Lending:
"IT REQUIRES A GREAT DEAL OF BOLDNESS AND A GREAT DEAL OF CAUTION TO MAKE A GREAT FORTUNE." Ralph Waldo Emerson.
And last week's headlines contained a mix of items to inspire both boldness and caution. Here are the highlights:
Friday's news showed that consumers are being understandably cautious with their finances, as the Personal Savings rate remained above 4% once again in February and among the highest savings levels seen in a decade. It wasn't that long ago - mid 2005 - that the US had a negative savings rate - that's right, as a nation, we regularly spent more than we made.
Meanwhile, the government continues to make bold moves to help our economy. On Monday, Treasury Secretary Geithner unveiled a plan to remove toxic assets from financial institutions by using money from the $700 Billion TARP fund. The government will help mitigate the risk by offering private investors Billions of dollars in low-interest loans to help finance the purchases. Indeed, it's a bold strategy - let's see if it pays off!
And...there's room for cautious optimism on the economy, as good news was noted on several fronts last week. The housing market received good news when both Existing Home Sales and New Home Sales came in stronger than expected. Additionally, Durable Goods Orders for February came in better than expected, showing the first increase in six months, and the Core Personal Consumption Expenditure Index (Core PCE) showed inflation is presently at tolerable levels. Plus, the US Dollar received a boost when China said it will continue to purchase US Treasuries.
Bonds were jostled around mid-week, but home loan rates ultimately ended the week very close to where they began...near historic lows. Give me a call or email me if you want to discuss whether now may be the perfect time for you to add a bit to your own fortune through a smart purchase or refi.
Cheri Costello
Direct: 770-795-0353
Cell: 541-908-1017
cheri.costello@hsl-ga.com
"IT REQUIRES A GREAT DEAL OF BOLDNESS AND A GREAT DEAL OF CAUTION TO MAKE A GREAT FORTUNE." Ralph Waldo Emerson.
And last week's headlines contained a mix of items to inspire both boldness and caution. Here are the highlights:
Friday's news showed that consumers are being understandably cautious with their finances, as the Personal Savings rate remained above 4% once again in February and among the highest savings levels seen in a decade. It wasn't that long ago - mid 2005 - that the US had a negative savings rate - that's right, as a nation, we regularly spent more than we made.
Meanwhile, the government continues to make bold moves to help our economy. On Monday, Treasury Secretary Geithner unveiled a plan to remove toxic assets from financial institutions by using money from the $700 Billion TARP fund. The government will help mitigate the risk by offering private investors Billions of dollars in low-interest loans to help finance the purchases. Indeed, it's a bold strategy - let's see if it pays off!
And...there's room for cautious optimism on the economy, as good news was noted on several fronts last week. The housing market received good news when both Existing Home Sales and New Home Sales came in stronger than expected. Additionally, Durable Goods Orders for February came in better than expected, showing the first increase in six months, and the Core Personal Consumption Expenditure Index (Core PCE) showed inflation is presently at tolerable levels. Plus, the US Dollar received a boost when China said it will continue to purchase US Treasuries.
Bonds were jostled around mid-week, but home loan rates ultimately ended the week very close to where they began...near historic lows. Give me a call or email me if you want to discuss whether now may be the perfect time for you to add a bit to your own fortune through a smart purchase or refi.
Cheri Costello
Direct: 770-795-0353
Cell: 541-908-1017
cheri.costello@hsl-ga.com
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