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How Much Income Should Go Toward Your Mortgage?

Wednesday, 13 October 2010 22:27 by Jacki Experts suggest between 29 – 33% of your income should go toward your mortgage/rent. A more conservative approach is 25%. [More]


Which Mortgage Term Should You Select?

Sunday, 5 September 2010 22:04 by Jacki There are so many decisions to make when it comes to buying a home: finding just the right home for you and your family or design choices for your new construction. Then add the mortgage process to it, and you’ve got even more decisions to make. [More]

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Categories:   Mortgages
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$8000 First Time Homebuyer Tax Credit

Monday, 10 August 2009 14:41 by Chuck In 2008, the Housing and Economic Recovery Act was passed, which allows a tax credit of 10% of the purchase price of the home, up to $7,500, for any first-time homebuyer, who purchases a home prior to December 31st, 2008. This program was enhanced for homebuyers who purchase a home in 2009 prior to December 1st and, unlike the previous version that had to be repaid, this credit (10% or $8,000 for 2009) is available without repayment as long as you occupy the home for 36 months after the date of purchase. Here are some additional points to consider: [More]


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