Anthony VanDyke's Blog

First Time Home Buyer Tax Credit Extended Into 2010 Fot Utah Buyers!Plus... A New Tax Credit for Certain Existing Salt Lake City Home Owners!It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had...

New FHA Condo Guidelines and what they mean to Condo Owners   Condo Owners Beware!! !In the last couple of months HUD has passed some new condo guidelies with Mortgagee Letter 09-19.In the past all a condominium complex had to do was get approved with HUD once and they would be approved forever. ...

Is the FTHB Tax Credit Stealing From Future Demand? I found this article on http://www.mortgagenewsdaily.com/channels/community/103597.aspxI thought it was pretty interesting   From Thompson Reuters....WASHINGTON, Aug 28 (Reuters) - Low interest rates and tax breaks are giving the U.S. housing se...

The Worst of Times is the Best of Times: How today is the best time to buy a home Today's home buying market is the hardest it's been in years. Mortgage loan programs have dried up. No-down-payment programs, 80/20 loans ,and mycommunity 100% loans are all things of the past.  Down payment require...

I have just written a blog abour fha allowable sources of down payment. Check it out at http://blog.anthonyvandyke.com/   14 acceptable sources for down payment. Personal savings Collatoized secured loan, Funds can be borrowed for the down payment as long as the funds are fully secured by existin...

If you have been interested in buying a new home in Utah you are in LUCK, Utah has just bassed a new bill, SB 260 which allows anyone who is buying a new never been lived in home and who earns less than $75,000 single or $150,000 married to receive a grant for $6,000 to go towards the down paymen...

  I wanted to take a moment and explain to you a strategy which I believe will be able to save your sellers and buyers thousands and thousands of dollars. This strategy is called the "Seller Buy Down Strategy".   You know how quite often you are working with a buyer who just wants to feel like th...

I want to let everyone know that the Obama's stimulus package is being negotiated in the senate right now. One of the big items the Republicans want to add to the monstrous $ 900 Billion dollar is a way to lower mortgage rates to help stop the decline in home prices. I want you to know this is no...

ACT NOW!!! Please go to this link http://capwiz.com/nehemia/issues/alert/?alertid=11709431 and write a letter to your congressman supporting H.R. 600. This will only take a few minutes!!!!!! You can restore DPA!!! Please take it seriously! The FHA Seller-Financed Downpayment Reform Act of 2009 (H...

These are incredible times! Recently, the Federal Reserve cut interest rates by .75%, bringing them down to .25%...the lowest Fed Funds Rate in history. Additionally, the Fed has been purchasing Mortgage Bonds, which has helped drive interest rates to the lowest levels seen in our lifetime. While...