Posts Tagged ‘low home prices’

Intero Insider: Bringing the American Dream Home With 203k Loans

By Gino Blefari | December 16th, 2009 0 Comments

The American Dream. Own a home. Provide for your family. Be part of a community. These are things that each of us want. For many, however, achieving that dream has become harder over the past couple of years.

There are lots of homes for sale. There are lots of homes that are priced incredibly well. More and more of these homes, however, are in desperate need of repair and renovation. Whether the result of age and general neglect, or whether the homes have been gutted by previous owners, the result is the same: the cost of renovations almost immediately puts the reasonably-priced home suddenly out of reach.

But there is a solution: the FHA 203k mortgage loan.

The 203k mortgage offers all of the great benefits of FHA financing, but also covers the costs of renovation. Imagine! The possibilities have tremendous implications for homeowners and their sense of pride, not to mention the benefits to our nation’s economy.

Intero is committed to helping rebuild The American Dream. Intero is committed to rebuilding communities. We’re committed to helping create jobs. We’re committed to YOU.

The financial crisis with which our country is dealing has left many homes distressed. These homes often stand empty, causing neighborhoods and communities to degenerate. The 203k mortgage loan gives homebuyers the opportunity to buy these homes and take advantages of their remarkably low prices, and then pour into them the TLC that they so desperately need. Through this program, they’ll infuse new life into these neighborhoods. They’ll stimulate the economy. And they’ll achieve pride in ownership.

With RE-buildUSA, a program designed to raise consumer awareness and help Americans enjoy the benefits of this incredible opportunity and Lowe’s home improvement centers, we will be able to educate consumers about possibilities that are out there.

Each of our real estate professionals is going through training to become certified 203k mortgage specialists. We will be the experts. As is our goal in everything, we will be mounting the charge head-on to help RE-build our nation’s economy, one homeowner at a time.

The American Dream. It’s out there. With Intero & the 203k mortgage loan, you can achieve it.

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The First-Time Homebuyer Tax Credit is Likely to be Extended

By Gino Blefari | November 4th, 2009 0 Comments

Of late, all the buzz in the real estate industry — and in much of the overall news, in fact — has been about the First-Time Homebuyer Tax Credit. Credited (no pun intended) with giving the national real estate market a much-needed shot in the arm, the credit is scheduled, at the time of this writing, to go to a vote before Congress in the next few hours, and is likely to be not just extended, but expanded to benefit some current homeowners, as well.

There’s no question that the national economy is in a time of crisis. There’s no question that the real estate industry lies near the very heart of that crisis, and we all want to see its recovery.

A large part of the Federal Government’s economic stimulus package, the FTHTC is set to expire at the end of this month. Any real estate transaction that closes prior to midnight on November 30th, and whose buyers are first-time (meaning that they haven’t owned a home in 3 or more years) buyers, qualifies to receive an $8000 tax credit.

Certainly, many buyers have taken advantage of it (they would have been crazy not to).

Now, the government is set to vote on an expansion of the tax credit. The credit would not just be extended into next year, its terms would extend to homeowners who’ve been in their homes for five or more years (provided that they would be moving “up”), and would apply to buyers with higher incomes.

There are two other superstars playing roles in the real estate market right now: record-low interest rates and low, low, low home prices. Those two characters alone carry a huge amount of influence (as well they should) and should be the things motivating buyers — both new and experienced — to buy homes.

An extension of the Credit will no doubt magnify the impact of these forces.

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