Home Buyer Tax Credit (Details)

Good news! As mentioned before, the home buyer tax credit has been extended. (Click here for the previous synopsis).

We have also found a sight that was just put out by the National Association of Home Builders, which is extremely detailed about the new credit: Click Here (www.federalhousingtaxcredit.com).


Thanks! Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

Home Buyer Tax Credit Extended (Not Just for First Timers)!

The Home Buyer Tax Credit has officially been extended today by President Obama! Here are a few details:

Not just for First-Timers: It creates a new $6,500 credit for property owners who have lived in their home for at least five consecutive years and "buy-up".

First-Timers: The $8,000 credit will apply to all contracts, for homes up to $800,000, entered into before April 30, 2010, and closed by June 30.

Details: Income limits for eligible home buyers are expanded to $125,000 for single buyers and $225,000 for couples, from $75,000 and $150,000, respectively. Tax returns will be verified. We will know more details when they come to pass, but I wanted to be the first to let you know.

Make sure you let everyone know who is looking to buy a home that rates are at their lowest levels ever, and this will expire one day, get in while you can! (Income limits and other restrictions apply, see the IRS details here).


Call me to review your mortgage plan today!

Joshua Tomeoni (503-692-9643) of Mortgage Freedom and Financial Services, Inc.

Fun Fact Friday!

Each Friday, we gather a collection of fun facts. Today it should probably be called "Inspirational Quote Friday" or "Leadership Friday", but they just don't have the same ring to them. Either way, I hope this encourages you today:

"Lead, follow, or get out of the way"
Thomas Paine

"Being a leader is like being a lady; if you have to go around telling people you are one, you aren't"
Margaret Thatcher

"Leadership is not about achieving personal success (or wealth); it's about making their vision a reality"
Sandler Systems, Inc.

"If your actions inspire others to dream more, learn more, do more and become more, you are a leader"
John Quincy Adams

Let us know if you think of any more! Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

Fun Fact Friday! Portland Edition

Each Friday, we gather a collection of fun facts. On the last Friday of every month, the facts are all about Portland. This week we are talking all about how well Portland is planned. Travel and Leisure has ranked Portland #1 for all of the following, enjoy!

• #1 best city for safety
• #1 best city for cleanliness
• #1 best city for public parks
• #1 best city for environmental awareness
  

Can you find/think of any others? Post them here!

Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

Fun Fact Friday!

Each Friday, we gather a collection of fun facts. Today we focus on the number 10,000 in honor of the Dow Jones last week.

10,000 is the name of...

a movie

a dice game

a large concert in MN

a myriad or very great number

41 references in the King James Bible

zip code (+1) in New York (I'm cheating, but it's so close!)

Can you think of any others? Post them here!


Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

Fun Fact Friday!

Each Friday, we gather a collection of fun facts. Today we celebrate debt and savings (not sure if we should celebrate both).

Good news first:

• Personal savings rate in U.S. is now 4.6%! It dipped to -1% last year.
• Average interest rates for savings accounts= 1.113%, for CD's= 1.66%. WOW! (Maybe this isn't good news!)

Now, the bad news:

• National deficit for fiscal year 2009 was over $1.4 trillion. The deficit from 1789-1989 was [only] $1.55 trillion! Wow!
  
• 27% of retirees have $50,000+ in non-mortgage debt!

Can you think of any others? Post them here!


Thanks, Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

What Makes Interest Rates Fluctuate for Mortgages?

Today, we spent a few minutes on the radio addressing this question that we get so often.


Click Here to Listen In.


Thanks! Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

Fun Fact Friday!

46
For some reason, while researching this week's Fun Fact Friday, I kept coming across the number 46. Don't ask me why. I'm not superstitious, it just happened, here's what I found out:

• Number of human chromosomes

• Percent of Americans who believe US economy will improve in next 12 months

• Number (in millions) of uninsured Americans

• Percent of Americans who do not pay credit card balances each month

• Number of days (from Sunday) until Thanksgiving

• "Code 46" is a futuristic movie where cities are heavily controlled and only accessible though checkpoints (came out the 6th of August, 04 in the US)

Let me know if you can find any other interesting ones, I'd love to see them! Please comment here or e-mail me. Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

Mortgage Rates Are Lowest in History!

Great news!

Mortgage Rates are at their lowest levels in history for refinancing and purchasing!

Click Here to Listen In to us discuss this on the radio.

Listen in regularly:
93.9 KPDQ FM
2nd/4th Tuesday of every month
2-3 PM
www.kpdq.com, click "Listen Live"

Let us know what you think. Will rates go lower/higher? What do you think?

Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.

Fun Fact Friday!

Each Friday, we gather a collection of fun facts. Today we celebrate birthdays of some of the best in comedy, horror & suspense, and thought.

Comedy:

• Groucho Marx [Julius Henry] (This actor/comedian was born October 2, 1890)
• Bud [William] Abbott (The Abbott & Costello comedian was born October 2, 1895)
• Charlie Brown and Snoopy (Peanuts was first published October 2, 1950)

Horror & Suspense:

• Alfred Hitchcock Presents first aired on CBS October 2, 1955
• The Twilight Zone first aired on CBS October 2, 1959
• As of October 2, 2009, the year 2010 is only 90 days away!

Thought:

• Political/Spiritual leader Mohandas Karamchand Gandhi was born October 2, 1869
• Singer/songwriter Don McLean was born October 2, 1945
• Singer/songwriter Sting [Gordon Sumner] was born October 2, 1951

Know any other fun facts about today? We'd love to hear from you! Post here or e-mail us.

Thanks! Joshua Tomeoni of Mortgage Freedom and Financial Services, Inc.