Home Buyers Alert

US Homeownership Aspirations Aren't Dead: Owning a Home Remains a Defining ... - Stockhouse May 21, 2012
US Homeownership Aspirations Aren't Dead: Owning a Home Remains a Defining ...StockhouseOverall, more than half of consumers polled say homeownership is a vital component to defining the American Dream and 59 percent associated feelings of excitement or pride as part of their first time home buying process. TD Bank surveyed more than 1300 ...and more » […]
Bank growth slows as consumers pinch their pennies - Globe and Mail May 20, 2012
Globe and MailBank growth slows as consumers pinch their penniesGlobe and MailFor more than a decade, consumer loans have fuelled Canadian bank earnings, pushing profits upward as home buyers took out mortgages and consumers extended their lines of credit. But as the banking sector prepares to report second-quarter earnings this ...and more » […]

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home credit

By MSC

home credit
What about home equity lines of credit Wachington mutual?

What about home equity lines Wachington mutual credit? Do they open? "I can still use it.

Yes they remain open.

home credit

What are the residency requirements for tax credit at home for the first time if they were divorced in the first year?

If a couple purchased a new home with the $ 8,000 tax credit last year, but divorcing it this year are the residency requirements for this? Have to pay tax credit of $ 8,000 in case of divorce?

For the spouse who moves, you must file Form 5405 with the tax declaration and 13th checkbox. This tells the IRS that the other spouse is to keep the house. If you sell the house, then submit the form to see how much credit is paid.

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Mortgage Tip of the Day

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Canada-wide Mortgage News

Canadian banks' profits to grow, but at slower rate - Canada.com May 21, 2012
Canadian banks' profits to grow, but at slower rateCanada.comHowever, warnings from the banks also suggested that mortgage lending could drop off this year as consumers focus on reducing debt and mortgage lending softens. Tom Lewandowski, a financial services analyst with Edward Jones in St. Louis, said Canadian ...and more » […]
TEXT-Fitch: Canadian banks' residential mortgage exposure manageable - Reuters May 21, 2012
Trend.azTEXT-Fitch: Canadian banks' residential mortgage exposure manageableReutersLow interest rate levels and a favorable economic environment have fueled the upward trend in Canadian house prices over the past 10 years. Over this time period, house price increases have outpaced income, leading to record levels of household debt.Mortgage risk biggest […]