My New Blog

As you can see we're on top of updating the blog. It's been 345 since the last post. Needless to say the past year in the lending industry has been interesting. Many new programs and guidelines to talk about.

First, the Home Buyer Tax Credit is still available for contracts written by April 30th, 2010 and closed by June 30th, 2010. The credit not only includes $8,000 for first time home buyers (haven't owned in past 3 years) but also now includes $6,500 for people who own but are purchasing a new primary residence. For full details click HERE.

Second, there are still many government backed and Fannie Mae & Freddie Mac programs to help home owners who are upside down (owe more than the value). If you think that's you, I encourage you to contact us to find out if there are options before the programs go away. We're have closed many home loans using these programs and understand the options available.

And last but not least. Interest rates are still very, very low. Because of global economic pressure this can't last much longer. I expect to see an increase of .50% to 1.00% in interest rate by the end of the summer if not sooner. Don't miss out on a great time to buy or refinance. It could be decades before rates go this low again.

Thanks for reading and I'll make sure it's not another year before the next update.

Clem Borkowski
Branch Manager
SkiHawk Mortgage - a Universal Lending Company