Tax Credit

It’s Time To Re-Approve Your Pre-Approval

by David Lukas April 9, 2010

If your pre-qualification and/or pre-approval letter is more than 8 weeks old, it would be prudent to have your lender “re-pre-approve” you. Mortgage guidelines have been in flux and your original lender letter may now be invalid.

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The Federal Home Buyer Tax Credit Enters Its Home Stretch — 30 Days Left

by David Lukas April 1, 2010

There’s just 30 days remaining to use the federal home buyer tax credit. The credit ranges up to $8,000 for first-time homebuyers, and up to $6,500 for existing homeworkers who have lived in their main home for 5 of the last 8 years.

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Mortgage Approvals Are Getting More And More Scarce

by David Lukas February 9, 2010

The economy’s improving but lending standards are not. Nationally, banks are making mortgage approvals harder to come by. Underwriting guidelines are tightening.

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