Rene Burchell's (reneburchell) Blog

Real Estate Agent - Coldwell Banker Residential Frisco - 0495511
 Home buyers may find big savings in locking in mortgage interest rates. NEW YORK ( -- Since mortgage interest rates are on the rise, home buyers can save considerable cash by locking in a reasonable rate when they find one. During the housing boom, interest rates were extremely low ...
 First Time Homeowner Tax Credit: (Available for homes purchased April 1, 2008 through June 30, 2009)   The new law will extend a tax credit of up to $7,500 to first time homebuyers. The tax credit is for 10% of the purchase price, up to $7,500, but phases out for higher-income homeowners. This ...
Fannie Mae to Increase Cash IncentivesMonday, August 04, 2008 WASHINGTON, D.C. - As part of its ongoing efforts to support borrowers facing foreclosure and promote responsible servicing practices, Fannie Mae will increase the cash incentives paid to servicers that pursue alternatives to foreclosu...
  G.R.E.E.N Bill Provides Incentives to LendersMonday, August 04, 2008 WASHINGTON, D.C. - The House Financial Services Committee has unanimously passed Rep. Ed Perlmutter's (D-CO) H.R. 6078, the Green Resources for Energy Efficient Neighborhoods.  The bill provides incentives to lenders and finan...
Source:   Real EstateBest Cities To Buy A HomeMaurna Desmond, 07.14.08, 6:00 PM ET Houston, we don't have a housing problem. The city's $152,500 median home sale price is up 6.6% from 2005. It boasts a low vacancy rate and an oil-rich economy. Throw in a bubbling entrepreneurial tech...
Provisions of the housing bill that President Bush signed into law Wednesday: • Gives the Federal Housing Administration $300 billion in new lending authority and relaxes standards to provide affordable, fixed-rate mortgages to an estimated 400,000 debt-ridden homeowners. Any losses will be cover...

Rene Burchell

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