First-Time Home Buyer $8,000 Tax Credit: 6 Things to Know

1. Eight grand, new buyers:  This credit is equivalent to 10 percent of the purchase price of the home–although it’s capped at $8,000–and applies only to first-time home buyers and principal residences. But unlike an earlier $7,500 home buyer tax credit, this one does not have [...]

It’s been a couple of weeks since the historic speech by President Barack Obama announcing his “Homeowners Affordability Plan”. Today they gave us a little more detail, and now there are two parts to the plan:

(Modifications) Force lenders/servicers into modifying the millions of homeowners who are on the brink of foreclosure. 
(Refinances) Refinance homeowners who aren’t behind [...]

Madame Speaker, Mr. Vice President, Members of Congress, and the First Lady of the United States:
I’ve come here tonight not only to address the distinguished men and women in this great chamber, but to speak frankly and directly to the men and women who sent us here.
I know that for many Americans watching right [...]

Info below is directed from the White House website. To read more, click here.
Questions and Answers for Borrowers about the Homeowner Affordability and Stability Plan
Borrowers who are current on their mortgage are asking:
* What help is available for borrowers who stay current on their mortgage payments but have seen their homes decrease in value?
Under the [...]