The Federal Tax Credits Blog

Posts Tagged ‘$6500’

Question: First time Buying a home when one spouse has great credit score and the other has bad credit?

My Husband and i are thinking on buying our first home. we are both first time buyers. However he has great credit and i have bad credit about 610 score. I am working on improving my credit. He was in the military so he’s qualify for the VA Loan. We would like to buy a home in MD (Montgomery or PG Co.) area. What is the best way to go about this? Would it be better for us to apply for a home loan together or for him to apply w/o me? or Do they automatically look at my credit? What are best first time buyers program for our situation? And what are the different types of loans available for especially in the state of MD?

PLEASE HELP!!! ANYONE IN THIS INDUSTRY….REALTOR, BROKER, ETC. AND/OR WITH EXPERIENCE!!!!!! ANY ADVICE OR SUGGESTION IS HIGHLY APPRECIATED!!!!

Answer: A VA loan is going to be the best loan program out there. No money down and no monthly mortgage insurance! Your score is not that bad but most lenders have gone to a 620 mid score requirement. The trick here is whether or not your husband can qualify with just his income.
If he needs your income to qualify you will need to have a mortgage banker/broker review your credit to see if there is an option of doing a rapid re-score to bump your scores up by 10 or so points. There are things that can be done to increase credit scores in days not months.

Consult the investing crystal ball

Forbes editors and writers weigh in on investing in the coming year

1st Time Home Buyer Tax Credit Extended For Military

Question: Is the govt.blowing taxpayer money to create the appearance of improving economy?

Arent we going deeper into the Obama Quagmire with all these welfare programs like Cash for Clunkers, 8000 tax credit on new homes, extended umemployment forever etc what do you think will happen when all this counterfeit money is finished?

Answer: Yep.
Read about the Wiemar Republic and its aftermath. You WILL recognize Democrat policy.

(O.K. If you’re profoundly retarded you might not see it.)

Greencore Group PLC – Rule 2.5 Announcement

Greencore Group PLC – Rule 2.5 Announcement

Bidding Wars Return To Real Estate Market