Signature Properties Blog

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Tax Credits are Set to Expire!!

Many don’t realize that they can receive a free mortgage insurance policy if they purchase their home through a California licensed Realtor through the end of 2010.  This program will be in effect through the end of the year or until funds are exhausted.  There was $1,420,000 allocated to the program.  Under this program, first time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for up to six months, to help make their mortgage payments.  A qualified co-buyer can also participate in the program and receive a monthly benefit of $750 per month for up to six months.  To apply for the program you must request an application for the H.A.F. Mortgage Protection Program from your Realtor.

Nancy Puder is the real estate broker at Signature Properties, a prestigious real estate firm in Arroyo Grande, CA.  She may be reached (805)710-2415 or Nancy@SignatureProperties1.com www.SignatureProperties1.com

Many have lost jobs and their homes during this recession and our hearts go out to them and would not want to minimize their pain and suffering in any way.  We must not lose sight, however, of the other side of this current situation.  The opportunities that are here today that we thought were not possible a couple of years ago, are here for those who can see the benefit of taking action.

Most millionaires have been and, I believe still are being made, during a recession.  Current home prices are low and interest rates are also at record low….although not for long according to my sources.  Contrary to some myths that are circulating, mortgage loans are not only available, but are relatively easy to get with 3 ½ percent down payment and sometimes even 100% financing. 

It’s so easy to get on the bandwagon of negativity and doom and gloom and lose hope during this amazing period of opportunity.  A few, however, will recognize the incredible opportunity that could change their financial future in a dramatically beneficial way.

So, before we succumb to the sometimes loud and overwhelming message that we hear everyday that times are bad, why not look closely for the nugget that may be just waiting for you to pick up? 

Nancy Puder is the real estate broker at Signature Properties, a prestigious real estate firm in Arroyo Grande, CA.  She may be reached (805)710-2415 or Nancy@SignatureProperties1.com www.SignatureProperties1.com