September 4th, 2009 1:40 PM by Diego Quintero
A holiday weekend is upon us and I hope that everyone is planning on catching-up on domestic tasks and spending time with family. While you are relaxing, take some time to consider if any of these facts will affect you or possibly improve your financial position.
November 31st marks the deadline for the $8000 first-time homebuyer tax credit. To learn more about this program, visit www.IRS.gov. Tax form 5405 will answer most of your questions. If this is an important topic for you, please call me so that I can help steer you to the most appropriate loan programs for your scenario. There are still inexpensive ways to get homes and it is the best way to jump start your financial portfolio.
If your interest rate is above 5.875% for your primary residence, then you should consider refinancing. The worst that can happen is that you spend a little less than $500 to find out if your home appraises and if you qualify for the rate reduction. Its worth it to find out how much you would save over the life of the loan by selecting a target rate and waiting to lock. I can help you determine those figures before you spend a dime.
Considering the low rates and the end of government programs, it would be prudent to get as much information as you can to improve your financial position. No matter where this message reaches you, please feel free to call me for anything regarding real estate, development, & finance! Have a safe holiday weekend!
Diego L. Quintero