So you are looking at buying a house and taking on a mortgage? Well, then we are in the same boat. I love looking at all the wondrous mortgage calculators that are available on the internet. Saves me quite a bit of time of trying to create my own amortization schedule, not that it is…
Tag Archive: housing market
Should You Sell Your House in This Market?
During the process of hunting for our first house, I got to thinking about the difficult position many Americans are in with the declining value of their homes. In ways, it seems to be a great time to purchase a home if you have the ability to qualify for a loan. Then it hits me,…
$15,000 Homebuyer Tax Credit Added to Proposed Stimulus
About a week ago we brought you a post describing a proposal by Senators Cardin (D-Maryland) and Ensign (R-Nevada) that would give first-time homebuyers a $20,000 tax credit, replacing the current $7,500 credit. Unfortunately, it appears this proposal has failed to move forward. However, on Wednesday night the Senate unanimously approved to add to the proposed…
First-Time Homebuyers $20,000 Tax Credit Being Discussed
January 26th: Senator John Ensign (R-NV) and I [Benjamin L. Cardin (D-MD)] are urging our colleagues to act quickly to pass a new $20,000 refundable tax credit for first-time homebuyers to help jumpstart our nation’s ailing housing market. I, a member of the Budget Committee, and Senator Ensign, a member of the Finance Committee, are…
