Welcome to Approved Realty Solutions Inc.
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Welcome to Approved Realty Solutions Inc., your source for South Florida real estate. If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation Analysis. In today's competitive real estate market, timing is everything. Many good homes are sold before they are ever advertised. Beat other homebuyers to the hottest new homes for sale in South Florida with my New Listings Notification. Whether you are buying or selling a home, hire a real estate professional who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate, please contact me as I'm more than willing to help. Please browse my website for listings, reports and important local real estate news and information.
Sincerely,
Jennifer Briceno Approved Realty Solutions Inc. |
How to Get the $8,000 First-Time Home Buyer Credit Upfront
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The Federal Housing Administration rolled out details of its policy Friday that will let first-time home buyers apply an $8,000 tax credit to fund home purchases. Until now, home buyers were only able to get that money after they bought a home, by applying for the credit–10% of the home’s price up to $8,000–on their tax returns.
The policy change means home buyers, who use FHA-backed financing, can get a short-term loan to help buy a home. The loan is repaid a few months later, after the buyer files an amended tax return and receives the credit. A few important notes: - This is only for FHA loans, which require a minimum 3.5% down payment.
- Borrowers must first come up with the minimum 3.5% themselves. The bridge loan would cover a larger down payment.
- Borrowers can still use loans from certain non-profits and state and local housing finance agencies to fund the 3.5% down payment.
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