Jim Smith's (reliancemortgage) Blog

Stimulus Plan UpdateRevised February 20, 2009Tax Credit for HomebuyersFirst-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different t...

The Real Reason Behind the Economic Crisis The media has confused a lot of us on what is really going on with the economy. This link will take you to a short video that will help clear the confusion and let you know what really happened. Please share this with as many people as you know!   CLICK ...

The holiday seasons are coming up fast and hold an extra spirit in gift giving and being grateful for all we have. This year has been tough for many, if not all of us, but there is always someone who is in a more difficult situation. Do you want to give back somehow but aren't sure where to star...

FHA Loan Limits for REVERSE MORTGAGE are $417,000 That's Double the Amount Than Before!  •  Rates are at a Historic Low  •  Put Money in a Guaranteed Savings What this means to you.The amount you previously qualified for was limited by the loan limits FHA set for the county your home is in.  In M...

  Create Some Balance: While paying down installment debt (car, school, mortgage, etc.) will definitely boost your credit score, paying down or paying off revolving debt, such as credit cards, can cause a quick jump in your credit score. The trick is to get and keep your balances below 30% of yo...

  Grand Junction, Colorado has expanded and grown in the last few years alone. Nestled in the Grand Valley, holding more than enough spectacular views, Grand Junction is definitely a place worth living at. We have more than enough to see and do with great restaurants, movie theaters, an ice skat...

    1. PRE-QUALIFICATION Lenders and realtors are encouraging buyers to get pre-qualified for a mortgage even before they begin looking for a house. This way, buyers know ahead of time how much house they can afford. At Reliance Mortgage, we put our experience to work for you by analyzing your s...

  There isn't a single or simple answer to this question. The right type of mortgage for you depends on many different factors: Your current financial picture How you expect your finances to change How long you intend to keep your house How comfortable you are with your mortgage payment changing ...

  Robert Kiyosaki's bestseller, Rich Dad, Poor Dad*, has helped millions to create roadmaps to their financial goals. Central to his series is the notion of open-mindedness. Intead of sizing up a situation and saying, "I can't afford that," he suggests saying,"How can I afford that?" By reshapin...

Earlier in November the final ruling was published to simplify the USDA Rural Housing program’s income limit structure for the USDA Guaranteed Rural Housing Program. These income structural changes will become effective on January 20, 2009, unless they receive adverse comments by January 5, 2009....