Archive for February, 2009


Qualifications for The $8,000 Tax Credit

  • The Tax Credit is for first-time homebuyers only! If you have not owned a home within the last three years this qualifies as a first-time home buyer.
  • The Tax credit does NOT have to be repaid
  • The Tax credit is equal to ten (10%) of the home’s purchase on or after January 1, 2009 and before December 1, 2009
  • Paid through Tax Refunds filed 2010
  • Single Taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 annually qualify for the full tax credit

For additional resources and details goto Federal Housing Tax Credit .

For all those that have been waiting, I don’t think it is going to get better than this. Home Pirices have declined from 30-70% across the nation. Rates are historically low and should rise due to the new government debt. Rates are expected to go up over the next three years because of inflation and over supply of Debt.

The government loans are good loans. 100% financing is still available. RD Loan funding should be available within the next 30 days. I have a feeling that this money will go fast. So take advantage of it while the money is available.

If you would like to sign up for a  a FREE First-Time Home Buyer Class. Knowledge is powerful and we would love to pass it on…

Email: moniquehailer@mris.com Mobile: (443)532-5407 Website: Southern Maryland Real Estate

To Pre-Qualify for a loan please contact:

Ray Gagner (410)610-6478 Email: rgagner@cfmortgagecorp.com   Website: C&F Morgage


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We have all been hit financially, one way or another! So, it is time to take a look at ways to cut back your debt to offset your income and adjust our thinking. Most of us Americans did live beyond our means. Feeling the pinch, its time to alien our lives. Here are a few things that make help all that are reading.
 Property tax assessments have arrived in my area. To my surprise, I had two adjacent lots (same size) assessed or valued at a difference of 100K. This means $1450.00 more than I should be paying. Check out your tax assessments and challenge them. For best defense don’t appeal in writing request a personal hearing with an assessor. Another error I found that tax assessment office did correct immediately, was my home was not applied as a primary residence, therefore I was not receiving “The Homestead Tax Credit” . This was an additional reduction in my tax bill of $400 annually.
Call your local cable company, phone company, electric company and see if they have any specials. You will be surprised what they will do if you explain your circumstances or are terminating service to go to a another company that has a better plan/offer.
I found a website that will save you money on groceries. http://www.couponmom.com. A family of four (teenage friends too), spend a lot of money in groceries, this will help alot is you get organized. For all you new parents, this is great for savings on baby’s needs…
Electric! SMECO (Southern Maryland Electric) has raised our electric rates from approximately 3 cents a kilowatt about 14 months ago to almost 13 cents a kilowatt. It is as bad as the wall street CEO’s and bonuses. “They should be shamed too”
Unplug or turn off the items in your home that are always on.i.e… coffee pots, microwaves, computers, printers etc..
Health Insurance! I sopke with a couple of insurance companies this week and to my amazement, I obtained new insurance with a better company, lower deductable, better plan for a whopping savings of $120 month….
I have also sent out address of properties I own to have quotes on homeowners insurance. Will let you know the outcome…

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