It is official.  President Obama has signed the Homebuyer Tax Credit today and extended the benefits.  The new extension allows homebuyers to be under contract by April 30th and close on the house by June 30, 2010.

Another modification to the original legislation raises the income limits for program participation from $75,000 for a single purchaser to $125,000 and from $125,000 to $225,000 for a couple.

This is great news for first time home buyers and people who are looking to relocate.

Contact our staff for more information about the Tax Credit.

 

Texas Home Loan Team
1st Advantage Mortgage
www.borinots.org
info
817-804-4960

Texas Cash Out

Home equity loans are a particular form of home mortgage which enable a homeowner to convert the equity in his home into cash by borrowing money secured by a lien on his homestead. The word “equity” means the difference between the fair market value of your home and the total of all the debts against it.

You can take cash out for many reasons, home improvement, debt consolidation, vacation funds or just extra cash on hand.

Texas cash out loans have some of the strictest guidelines available. Homestead owner-occupied properties can have an LTV no higher than 80% and the homeowner must have a 12-day waiting period before closing.

Cash out loans frequently allow consumers to save money by paying off higher interest rate debts with the proceeds from their refinance

Rates on cash out home loans are typically much lower than those on credit cards and other types of consumer debt.

By taking a cash out loan to pay off credit cards or other debt, you may be able to write off the interest on your taxes. You should talk with your tax advisor for more specific details.

Need money for College? Refinance your home now and fund your child’s education while reaping the tax benefits.

The holidays are nearing and your short on cash. You can do a cash-out refi instead of using credit cards and you will enjoy a lower rate and payment.

There is no better way than to combine all of your non-deductible debt and turning is to all deductible. This is also a great way to free up cash for investing.

 

http://www.brokeroutpost.com/reference/10620.htm

http://www.expertlaw.com/library/finance/Texas-home-equity.html

Texas Cashout Home Mortgage Loans

Our staff is here to help you with your Texas Cash Out Home Mortgage Loan. We understand Cash Out Home Mortgage Loans! Whether you are wanting to pay off debts or wanting to do home improvements, our staff will find the right home mortgage loan program for you!

Texas Cash Out Home Loans allows borrowers to get cash back by refinancing their existing mortgage! Borrowers can borrow up to 80% of the appraised value of their home (Texas State Law). The Texas Cash Out home loan is a great way to consolidate debts into one easy monthly payment!

Texas Cash Out home loans have the same loan limits as a Conventional Loan, current loan limits are $417,000.

Contact the Texas Home Loan Team for more information regarding Texas Cash Out Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for

Texas Refinance Home Mortgage Loans

Our staff is here to help you with your Texas Refinance Home Mortgage Loan. We understand Refinance Home Mortgage Loans! Whether you are looking to lower your mortgage rate or reduce your monthly payment or take out some extra cash to payoff debts or remodel, our friendly staff is here to help!

There are many different types of loans that can be used to refinance a home. The Texas Home Loan Team at 1st Advantage Mortgage offer several different loan programs including FHA, VA, Conventional, ARM and Jumbo home mortgage loans.

Contact the Texas Home Loan Team for more information regarding Texas Refinance Home Loans!

Purchasing a New Home?

Turn the home of your dreams into reality. Whether you are buying your first home, second home, or vacation property, use this FREE self-help tool to determine exactly what type of purchase loan is best for you.

Looking to Refinance?

Save money by taking advantage of the lowest rates available. Whether you are looking to lower your rate, lower your monthly payment, or tap into your home’s equity, use this FREE self-help tool to determine exactly what type of refinance solution is best for you.