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Making Home Affordable

by Masha Halpern - Chapel Hill, NC

In the news lately you may have heard of the new website launched by the federal government - Making Home Affordable.   This new website offers online tools that will help today's homeowner determine if they are eligible to participate in the “Making Home Affordable” loan modification and refinancing program.

This site shares information about how this program works and who is eligible for assistance. This is the same $75 billion program you may have heard of recently in the media. You should have the following available:

* Information about your first mortgage, such as your monthly mortgage statement.

* Information about any second mortgage or home equity line of credit on the house.

* Account balances and minimum monthly payments due on all of your credit cards.

* Account balances and monthly payments on all your other debts such as student loans and car loans.

* Your most recent income tax return.

* Information about your savings and other assets * Information about the monthly gross (before tax) income of your household, including recent pay stubs if you receive them or documentation of income you receive from other sources.

* It may also be helpful to have:A letter describing any circumstances that caused your income to be reduced or expenses to be increased (job loss, divorce, illness, etc.) if applicable.

There are several programs out there right now, new energy tax credit, $8000 tax credit for first time home buyers, and long term interest rates lower than 5%. There is something for everyone. Check out these opportunities and see if any of them can help you or call me to discuss your current situation.  Together we can find a solution to your real estate needs.

Today's home buyer has the opportunity to invest in their future by taking advantage of the 2009 Tax Credit for first-time home buyers.  What a great opportunity to invest in your future and build financial security for you and your family. 

Whether you are interested in buying a pre-owned home or begin the adventure in building your first home now is the time to take advantage of the $8,000 tax credit.  And, remember this $8,000 tax credit does not require repayment.  But time is running out.  You must take advantage of this tax credit prior to December 1, 2009.

 

 

Let's us answer your questions and help you determine the best option for you.

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Photo of Masha Halpern - Boutique Real Estate Real Estate
Masha Halpern - Boutique Real Estate
Keller Williams Realty
101 Cosgrove Avenue, Suite 200
Chapel Hill NC 27514
Direct 919-951-1780
Toll Free 877-478-4669
Fax: 919-928-9030




Masha Halpern of Keller Williams Realty provides real estate services in the Chapel Hill, Carrboro and Durham, North Carolina area including real estate services for buyer, sellers and those relocating to the surrounding areas of Apex, Bahama,Cary, Efland, Hillsborough, Holly Springs, Mebane, Raleigh, and Wake Forest. Search for homes in Chapel Hill, Carrboro, Durham or the surrounding communities.  Request a market analysis for your North Carolina property.  I list and sell residential real estate, investment property, vacant land, lots for sale in Chapel Hill, Carrboro and Durham, North Carolina area.

Chapel Hill, Carrboro and Durham, North Carolina real estate and homes for sale in North Carolina - Masha Halpern & The Smart Move Team