Archive for Mortgage Tips

$8,000 Tax Credit for down payment

In 2009 first time home buyers qualify for a $8,000 tax credit but what can it be used for?  With recent changes from the department of Hud the 1st time home buyer can use the $8,000 towards closing costs, prepaids…

3 Things You Should Know Before Buying A Home

1. What you qualify for

2. What you can afford

3. How much you should keep as reserves