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Financial Help  From the Government… No Kidding
If you are a first time home buyer or you have not owned a home in the past 3 years, you probably qualify for the new $8000 tax rebate.
Here’s where it gets exciting.  In Virginia, the Virginia Housing Development Authority will let you use this as a downpayment on [...]

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Financial Help
Home prices often cause many first-time buyers to seek help from their families for the down payment on a new home. If your parents are providing financial assistance for the purchase of a home, it is important that you have very clear agreements with them about the conditions under which their help will be [...]

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Credit Card Mania & Home Buying
Credit availability has tightened up. Federal guidelines are pushing for higher credit scores.
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most home buyers don’t know is that merely having a large [...]

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Financially Qualified
Even with stable home prices in Williamsburg and with interest rates at an all time low, many buyers are having to stretch financially to buy a home in Williamsburg. Most purchase agreements allow buyers to cancel the contract if they can’t qualify for a mortgage. If you are selling your home in Williamsburg [...]

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Credit Card Mania
Most people know that a checkered credit history can disqualify you for a home loan, and maxed-out credit cards can do the same thing. But what most people don’t know is that merely having a large number of credit cards, even with low balances and a history of timely payments, can disqualify you [...]

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Senate passes $15,000 Home Buyer Tax Break
Link to AP article on Google News
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Adopted without dissent.  Maybe this one will go all the way and help the Real Estate industry get kick started.
Sen. Johnny Isakson, R-Ga., who advanced the home buyers tax break, said it was intended to help revive the housing industry, which has [...]

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