Tag Archives: Repeat Home Buyer
What Does It Really Take to Qualify for a Mortgage Now?
The majority of the mortgage news you hear about these days has to do with how low the rates are and that it is a great time to refinance. While this is true, these low rates also make it a great time to buy a home. I thought this might be a great time to [...]
- August 25, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge
- / Posted By Mortgage Master Luke
- / 2 Comments.
Everyone Has an Opinion, But Which Ones Really Matter?
It is human nature. Everybody wants to seem like they know what is best for other people. This is never more true than during the process of purchasing or refinancing a home. If you have ever purchase or refinance a home, you have probably experienced this. As soon as you tell someone that you just [...]
- June 2, 2010
- / Category Mortgage Industry, News, Real Estate Industry, Uncommon Useful Knowledge
- / Posted By Mortgage Master Luke
- / No Comments.
7 Things You Should Never Do When Applying for a New Mortgage
This is a list of things to steer clear of when you are seeking to obtain financing for a home. The following items may prove to be a detriment when you wish to move forward with the loan process. Don’t open any new credit accounts, especially buying or leasing a vehicle! Brand new lines of [...]
- April 1, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Uncommon Useful Knowledge, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
Looking Back at 2009
The $8000 first time home buyer tax credit that didn’t have to be paid back is introduced. Foreclosures declined but short sales were on the rise. Stated income loans went away, making it difficult for self-employed income borrowers to get a new mortgage. New mortgage guidelines tightened up. Large investors (unless they are cash buyers) [...]
- January 21, 2010
- / Category Know Your Mortgage, Mortgage Industry, News, Real Estate Industry, Understanding Your Mortgage
- / Posted By Mortgage Master Luke
- / No Comments.
*New* Move-Up/Repeat Home Buyer Tax Credit
Here are the Details of the extension of the Move-Up/Repeat Home Buyer Tax Credit Definition Move-Up or Repeat Home Buyer: A home owner who has owned and resided in a home for at least five consecutive years of the eight year prior to the purchase date. 1. Buyers will have to have a binding sales [...]
- November 24, 2009
- / Category Mortgage Industry, News, Real Estate Industry
- / Posted By Mortgage Master Luke
- / 2 Comments.




