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Greater Lansing Real Estate Blog

2/20/2009 New Refinance Program Update...
To qualify for the new refinance program there is a magic number out there ... 105% maxium owed on a current residence. If the loan is less than than 105% of its current market value, consumers might be eligible for refinance. However most of the people in foreclosure purchased with 100% financing with an 80/20 loan. Most homes lost at least 15% - 30% of value last year so it is not a real solution for a lot of folks in a tough situation. If you need assitance with buying or selling a home call: NANCY E. DENNY - REALTOR®, CRS, e-PRO (517) 702-9000 Email: NancyDenny@NancyDenny.com
2/18/2009 Update On First Time Home Buyers Tax Credit...
If you make less than $75,000 a year and are planning to purchase your first home then you may be eligible for an $8,000 tax credit as long as you close on the home prior to December 1, 2009 and live in the home for a minimum of three years. The time to buy is now call: NANCY E. DENNY - REALTOR®,  CRS, e-PRO (517) 702-9000 Email: NancyDenny@NancyDenny.com
2/12/2009 Update on the latest stimulas package...

The $15,000 tax credit for ANY buyer of homes didn't make it in the final package. The U.S. Senate tried, but the House of Representatives balked. The National Association of Realtors lobbyists didn't muster enough political power to get it done.  What did get in the final bill?

An $8,000 tax credit for first time home buyers that doesn't need to be paid back to Uncle Sam.  Right now a first time homebuyer gets a 7,500 tax credit that must be paid back over 15 years.  So this bill is an improvement over the last meager effort. The time to buy is now call: NANCY E. DENNY - REALTOR®,  CRS, e-PRO (517) 702-9000 Email: NancyDenny@NancyDenny.com

12/19/2008 "AUTOMAKERS RESCUE LOAN PACKAGE"
GOOD NEWS!! Today President George Bush extented a rescue loan package to Crysler and GM, a significant turn of events from his "orderly bankruptcy" comments yesterday. Bush stated that with the country in a severe recession, "Allowing the auto companies to collapse was not a responsible course of action." Bush has approved $17.4 billion in loans, part of which comes from the $700 billion TARP, with the government having an option of becoming a stockholder in the companies. This is a great time for or nation to work together for the good of all!!  NANCY E. DENNY - REALTOR®,  CRS, e-PRO (517) 702-9000 Email: NancyDenny@NancyDenny.com
12/18/2008 "MORTGAGE INTEREST RATE NEWS FLASH"

GOOD NEWS!! Today Interest Rates have dropped to the historic low of 5 percent on a 30 year fixed mortgage. So take advantage of this tremendous opportunity to secure the home of your dreams for the New Year with the great current market prices and a low interest rate giving you the most bang for you buck on an affordable monthly payment. Call Today!!  NANCY E. DENNY - REALTOR®,  CRS, e-PRO (517) 702-9000 Email: NancyDenny@NancyDenny.com



 

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RE/MAX of Michigan | Nancy Denny, RE/MAX Real Estate Pros | 6607 W St Joseph Suite 150, Lansing, MI | (517) 321-8255 | Contact Me by E-mail