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Sherry Siegel, Associate Broker, EcoBroker, ABR

Mortgages, Interest Rates, and Savings...OH My! *REVISED, REVISED, REVISED*

.... another brief YouTube video, courtesy of http://warealtor.org/

If you're still wondering if this is a good time to buy a home, you'll definitely want to listen in as Bob and Sally get a lesson on Mortgages, Interest Rates, and Savings. Maybe you don't remember what happened to Interest Rates during the 1980s (OK, maybe you were too young to care about interest rates in the 1980s).

Well let me tell you-they were UGLY. They were so ugly I wondered how my kids would ever be able to afford homes of their own.

But now it's 2009, and Interest Rates are beautiful.  Here's your chance to grab the low rates while you can.  So what are you waiting for? You've got things to do. Here's a short list:

1. Watch the YouTube video

2. Head on over to wahomeowners.com for some more excellent information.

3. Locate a local Realtor who will provide you with the names of some local lenders in your area. It's the Lenders' job to explain all the fine details. (Hint: ActiveRain is still a good place to look for a local Realtor.)

4. Go prepared to meet with your Lender Gather up your financial data (how much money comes in every month and how much money goes out each month). Your Lender will ask for more information from you if you decide to work with the Lender.

5. Go back to the Realtor you previously located Once you've made the decision to move forward and buy a home (move being the operative word) go back to the Realtor you previously located. Share the good news that you're qualified to buy a home, ready to buy a home, and ready to go house-hunting right now!

Bob & Sally & the $8,000 First-time Homebuyers Tax Credit

.... a brief YouTube video, courtesy of http://warealtor.org/

Unless you've been vacationing in other parts of the world for the last year, you've probably heard about the $8,000 First-time Homebuyers Tax Credit.

Still want a chance to use that Tax Credit? You MUST be fast. How fast? The deadline to have everything completed is November 30. So what are you waiting for? You've got things to do. Here's a short list:

1. Watch the YouTube video.

2. Head on over to wahomeowners.com for some more excellent information.

3. Locate a local Realtor to guide you through the process (hint: ActiveRain is a good place to look for a local Realtor.)

4. Ask your Realtor for the name of a trusted local lender--(hint: ActiveRain is also a good place to look for a local lender.)

5. Gather up your tax returns from 2008, and pay stubs for 2009. If you have your Tax Returns prepared by a certified public accountant, call them right away to let them know your plans.

6. Somewhere in all this commotion, you and your Realtor will be seriously house-hunting. Remember, you must find the home, submit your offer to purchase, do your due diligence on the house you've chosen, then proceed to closing. ALL by November 30.

Don't live in Washington? Check with the Realtor association in your state for more information. Just do it!