LIVE AT THE PALACE IN THIS BRIGHT & STYLISH CONDO OVERLOOKING BEAUTIFUL BAY BY DAY & SPARKLE OF THE CITY BY NIGHT.2 BEDROOM 2 FULL BATH WITH DUAL EAST & WEST BALCONIES. OVERLOOKING POOL, UPDATED KETCHEN, WALK-IN CLOSETS & 24 HR SECURITY/VALET.
Property Type:
Condo
HOA Dues:
1025
Due:
Monthly
Garage:
Assigned Spaces-1
Parking:
Valet On Site
Heating:
Ceiling Units
Cooling:
Central Air Conditioning
Appliances:
Appliances, Dryer, Garbage Disposal, Microwave, Central Air Conditioner, Dishwasher, Garage/Space, Oven/Range Electric, Stove, Refrigerator, Washer
The $8,000 1st Time Home Buyer Tax Credit has been extended to April 30, 2010.
Homebuyers who have not owned a home in the previous three years have the same eligibility as 1st time buyers.
Existing homeowners who have lived in their property for at least five consecutive years in the previous eight years will now be eligible to receive up to $6,500 tax credit to buy a new home.
Income eligibility is up to $125,000 for singles tax payers or $225,000 for couples filing a joint return.
Homebuyers will have until the end of April to execute a sales contract. They must close on their new home by the end of June.
The tax credit is not available for homes sales above $800,000.
The credit is claimed using Form 5405, which you file with your original or amended tax return.
The credit may give you a refund even if you do not owe any tax.
A HUD-1 Settlement Statement must be attached to the tax return to secure the credit.
The credit must be repaid only if the home ceases to be your main home within the 36-month period beginning on the purchase date.
Posted by Kevin Grissom on November 4th, 2009 11:03 PMPost a Comment (0)
Daily Rate Lock Recommendation - 11/03/2009
November 3rd, 2009 10:31 PM
Tuesday's bond market has opened in negative territory again despite early stock losses. The Dow is currently down 55 points while the Nasdaq is down 12 points. The bond market is currently down 5/32, which will likely push this morning's mortgage rates higher by approximately .125 - .250 of a discount point.
September's Factory Orders report was posted late this morning, revealing a 0.9% increase in new orders. This matched forecasts, therefore, has had little impact on this morning's bond trading or mortgage rates.
There is no important data scheduled for release tomorrow, but the FOMC meeting will adjourn tomorrow afternoon. There is almost no possibility of the Fed raising key short-term interest rates this week. But market participants will be looking at the post-meeting statement for any indication of when the Fed may make a move. The meeting will adjourn at 2:15 PM ET tomorrow, so look for any reaction to the statement to come during afte rnoon hours. Generally speaking, any hint of a rate increase coming relatively soon would be negative news for bonds and lead to higher mortgage rates.
Thursday's data is relatively important to the bond market. This report is the 3rd Quarter Productivity reading. It is expected to show a level of worker productivity during the third quarter equivalent to last quarter's final reading of 6.6%. Analysts have forecasted a 6.4% rise in worker output. A larger increase would be good news for the bond market because high levels of productivity allows the economy to expand without inflationary pressures being a concern.
If I were considering financing/refinancing a home, I would.... Lock if my closing was taking place within 7 days... Lock if my closing was taking place between 8 and 20 days... Lock if my closing was taking place between 21 and 60 days... Float if my closing was taking place over 60 days from now... This is only my opinion of what I would do if I were financing a home. It is only
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