From the category archives:

Taxes

VA Loan Rates 11-24

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10 YR Treasury is currently 3.34%, down slightly over last weeks close
30 YR Fixed rate VA Loan Rates are 5.34% Nationally.
Tuesday and Wednesday are critical days for rates this week.
Lock all VA mortgages expected to close within the next 7 days.
Float all VA mortgages closing within 8-60 days.
Happy Thanksgiving

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Attention Home Buyers: Tax Credit Could Go Up!

by Vikki P.

To cope with the gloomy real estate market, lawmakers and businesses call out for an increase in tax credit for first-time home buyers. Right now, the tax credit is maxed at $8,000 and is expiring this coming fall. Some business groups suggest the tax credit be increased to $15,000 for first-time home buyers.
According to the [...]

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New Florida Law Makes Property Tax Challenges Easier

by themightyquin

Source: https://www.bankeroffice.com/
Governor Crist Signs New Law
A new law will make it easier for Florida homeowners to challenge their property tax assessment. In the past, most challenges were unsuccessful because the burden of proof was so high for the homeowner. For example, only 8% of challenges in Orange county were successful.
According to Governor Crist “This good [...]

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A Veteran’s Guide to Property Taxes

by Vikki P.

Paying property taxes to your city, town, or county is part of a home owner’s responsibilities. Property taxes are computed based on your home’s assessed value. Don’t get confused because the assessed value and appraised value are two different things. To make it simple, the appraised value is simply the market value of a property [...]

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Federal Housing Tax Credit and YOUR VA Loan

by themightyquin

Everyday I get quite a few questions regarding the American Recovery and Reinvestment Act of 2009 and how it would apply to buying a home using VA financing.
For those of you that don’t know, this act was initially passed as a “tax credit” to first time home buyers up to $8000 dollars.
Many groups like the [...]

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