Thoughts By Rhonda

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in ...

Like Wall Street, the real estate industry is feeling the painful effects of loose lending practices and bad mortgage loans. Now, more than ever, prospective homebuyers and sellers should be aware about what's happening with the housing market -- and where it's headed -- in order to make smart de...

  •1.     Thou shalt not change jobs, become self-employed or quit your job. •2.     Thou shalt not buy a car, truck or van (or you may be living in it)! •3.     Thou shalt not use charge cards excessively or let your accounts fall behind. •4.     Thou shalt not spend money you have set aside for...

While some of these sound simple, it just takes a little planning to really get a handle on these steps to be in a position to purchase a home. 1. Develop a family budget. Instead of budgeting what you'd like to spend, use receipts to create a budget for what you actually spent over the last six ...