Flat Branch Blog
More Growth and Even More To Come
Posted on November 24, 2009
Flat Branch Home Loans underwent a major transformation in 2009. We transitioned from a mortgage broker into a mortgage banker and ever since that move the changes keep on coming! We originate, process, underwrite, fund, and ship all loans right here under one roof. This gives us a major competitive advantage and due to our large volume and rapid growth, our rates continue to improve each month and new investors join forces with us to enhance our product line. This competitive advantage has allowed us to recruit numerous new employees to make our Mortgage Team the best around! Just last week Bob and Brooke Peery joined us after previously working at Premier Mortgage Services. We will have a couple more employees come on board to wrap up 2009 and then we will all gear up for a great 2010! Thank you to everyone for your support and patience this year while we worked through our growing pains. We couldn't have done it without you!
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Flat Branch Home Loans, Inc.
THANK YOU TO ALL VETERANS!
Posted on November 11, 2009
Flat Branch Home Loans can't thank all the men and women who currently serve or have served our Great Country enough! You are truly heroic and your service does not go unappreciated. As a leader in VA loans Flat Branch Home Loans works with Veterans everyday and we are proud to help you in any way we can!
Thank You So Much!
Flat Branch Home Loans, Inc.
It's Official.. The $8000 Tax Credit Has Been Extended/Expanded!
Posted on November 6, 2009
It is finally official. The $8000 Tax Credit has been extended and expanded! President Obama put the finishing touches on the process with his signature today. Numerous people have been touching on this subject all week as the bill worked it's way through the House and Senate. We were no different. We kept tabs on its status and blogged on it the past few days. So for the sake of wrapping this up, lets list the details.
- $8000 Tax Credit is extended until April 30, 2010.
- If you enter into a contract before the deadline you will have until June 30th to close.
- New $6500 Tax Credit will be available for present homeowners. The only catch is that you must have lived in your home for 5 consecutive years out of the last 8.
- The income limits were raised to $125,000 for single and $225,000 for married couples.
- $800,000 firm purchase price cap.
As always consult your tax advisor for tax details and how to claim this credit. They also instituted a few alteration to how you claim it in order to fight off fraud. You can also visit www.irs.gov for information.
Here is a link to an article on this subject at CNN. Flat Branch Home Loans would love to help you purchase a home. If you are interested in refinancing your home we can help with that too. While they did expand this credit a bit, unfortunately it won't help in the refinacing department. However, Mortgage Rates are at very low levels and considerable savings could be within your grasp. Not a bad consolation!
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Flat Branch Home Loans, Inc.
One Step Closer!
Posted on November 5, 2009
The $8000 Tax Credit that was previously due to expire at the end of this month moved one step closer to getting extended today. All that is left is President Obama's signature. The President should wrap this up shortly and it will be official. We touched on this in yesterday's post as well so I won't go into a bunch of detail. Besidesmost people who are interested in this extension/expansion already are aware of its current status. Once this is passed into law we will post a final update on the site for informational puposes to all that want it.
A few highlights are:
- $8000 Tax Credit is extended until April 30, 2010
- Current Homeowners are now eligible for a $6500 credit (if owned home for 5 consecutive yrs out of last 8)
- If you are in a contract by 4/30/2010 you will have until June 30, 2010 to close.
- Income limits expanded to $125,000 single and $225,000 married
This is exciting news for our industry as we all know that this has helped spark activity that otherwise may not be there.
More to come soon.
Brought to you by:
Flat Branch Home Loans, Inc.
Tax Credit Extension Nearing
Posted on November 4, 2009
The much talked about tax credit extension is nearing completion. Please notice I said "Nearing". It is not finalized yet, but thankfully (to most people who will read this) it looks like it will be. I just wanted to throw this out there since I have resisted to blog about "what could happen" for so long. The Senate has cleared the extension to pass later this week if all goes as planned. November is already going to be a crazy month for us and all the local title companies. Countless First Time Home Buyers have been feverishly working to get a home under contract and ready to close prior to the November 30th deadline. Now it looks like everyone can rest a bit easier knowing that they will not miss out. The current form of the extension will run until April 30th, 2010 and includes a 60 day window to close after the deadline if you have a home under contract prior to. There is also a very nice perk in the deal for current homeowners! If you income qualify and have lived in your home for 5 of the last 8 years you can qualify for a $6500 step up tax credit. Not too shabby! This should get several people off the fence and into the game. They of course will have a house to sell and this will give current home shoppers more inventory to choose from.
Be sure to check back for more. We will elaborate on the details when this becomes official. More info on this topic and many others will be available at www.flatbranchhomeloans.com. If you are one of the many prospective home buyers out there just click this link to Apply for a Home Loan. You can also follow us on Twitter and Facebook.
Here is a link to one article on this subject.
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Flat Branch Home Loans, Inc.
